Stocks · Energy · Crude Petroleum & Natural Gas

DORCHESTER MINERALS, L.P.

DMLP Clue Score69
United States Fiscal year ends December CIK 0001172358
$29.75 +1.02% Close, 9 Oct 2026
Price $29.75 +45.12% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 11 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue37.6Operating income21.0Net income21.0Fiscal year 2017Revenue57.3 +52.5%Net income38.4 +83.3%Fiscal year 2018Revenue73.3 +27.9%Net income53.9 +40.3%Fiscal year 2019Revenue78.8 +7.5%Net income52.8 −2.1%Fiscal year 2020Revenue46.9 −40.4%Net income21.9 −58.6%Fiscal year 2021Revenue93.4 +99.1%Net income70.2 +220.9%Fiscal year 2022Revenue170.8 +82.8%Net income130.6 +86.1%Fiscal year 2023Revenue163.8 −4.1%Net income114.1 −12.6%Fiscal year 2024Revenue161.5 −1.4%Net income92.4 −19.0%Fiscal year 2025Revenue152.8 −5.4%Net income57.4 −38.0%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 37.6 57.3 73.3 78.8 46.9 93.4 170.8 163.8 161.5 152.8
Growth +52.5% +27.9% +7.5% −40.4% +99.1% +82.8% −4.1% −1.4% −5.4%
Operating income 21.0 n/a n/a n/a n/a n/a n/a n/a n/a n/a
Net income 21.0 38.4 53.9 52.8 21.9 70.2 130.6 114.1 92.4 57.4
Growth +83.3% +40.3% −2.1% −58.6% +220.9% +86.1% −12.6% −19.0% −38.0%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin55.8%Net margin55.8%Fiscal year 2017Net margin67.1%Fiscal year 2018Net margin73.6%Fiscal year 2019Net margin67.0%Fiscal year 2020Net margin46.6%Fiscal year 2021Net margin75.1%Fiscal year 2022Net margin76.5%Fiscal year 2023Net margin69.7%Fiscal year 2024Net margin57.2%Fiscal year 2025Net margin37.5%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 55.8% n/a n/a n/a n/a n/a n/a n/a n/a n/a
Net margin 55.8% 67.1% 73.6% 67.0% 46.6% 75.1% 76.5% 69.7% 57.2% 37.5%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flow
Fiscal year 2016Operating cash flow28.3Fiscal year 2017Operating cash flow44.0Fiscal year 2018Operating cash flow62.5Fiscal year 2019Operating cash flow66.1Fiscal year 2020Operating cash flow39.4Fiscal year 2021Operating cash flow70.3Fiscal year 2022Operating cash flow147.1Fiscal year 2023Operating cash flow139.8Fiscal year 2024Operating cash flow132.6Fiscal year 2025Operating cash flow132.5
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 28.3 44.0 62.5 66.1 39.4 70.3 147.1 139.8 132.6 132.5

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2016Cash8.2Fiscal year 2017Cash13.8Fiscal year 2018Cash18.3Fiscal year 2019Cash15.3Fiscal year 2020Cash11.2Fiscal year 2021Cash28.3Fiscal year 2022Cash40.8Fiscal year 2023Cash47.0Fiscal year 2024Cash42.5Fiscal year 2025Cash41.9
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 8.2 13.8 18.3 15.3 11.2 28.3 40.8 47.0 42.5 41.9

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Cash flow

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Operations
28.3 44.0 62.5 66.1 39.4 70.3 147.1 139.8 132.6 132.5
Growth +55.7% +42.0% +5.7% −40.4% +78.4% +109.2% −4.9% −5.2% −0.1%
8.5 9.3 8.9 13.3 11.9 10.5 19.1 26.3 42.6 66.3
Investment
n/a −0.6 −0.1 1.8 6.1 2.6 2.1 2.3 n/a n/a

Capital expenditure, dividends and buybacks are shown as money out, so negative.