Dorchester Minerals LP
Research Dorchester Minerals LP (DMLP) on Bullrun: valuation model: 9.9% overvalued, market cap USD 1.40B, P/E 16.5, dividend yield 11.1%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerDMLP
- ExchangeNASDAQ
- CountryUnited States
- SectorEnergy
- IndustryOil & Gas E&P
- CurrencyUSD
- Valuation signal9.9% overvalued
- Market capUSD 1.40B
- P/E16.5
- Dividend yield11.1%
- Financial periodQ2 2026
- RevenueUSD 56.08M
- Net incomeUSD 30.87M
- Free cash flowUSD 64.21M
- Gross margin61.8%
Valuation Snapshot
Bullrun's latest valuation model marks Dorchester Minerals LP as 9.9% overvalued; latest market cap is USD 1.40B; P/E is 16.5; dividend yield is 11.1%.
Peer valuation comparison
Latest P/E is 16.51x versus a Energy sector median of 14.75x (11.9% above).
Latest dividend yield is 11.13% versus a Energy sector median of 3.8% (192.9% above).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 152.83M | USD 57.35M | USD 132.49M | 46.2% | 2 | USD 41.94M | USD 777.00K | USD 0 |
| FY2024 | USD 161.52M | USD 92.45M | USD 132.64M | 64.6% | 4.01 | USD 42.51M | USD 1.04M | USD 0 |
| FY2023 | USD 163.80M | USD 114.12M | n/a | n/a | 4.79 | USD 47.03M | USD 1.31M | USD 0 |
| FY2022 | USD 170.80M | USD 130.61M | n/a | n/a | n/a | USD 40.75M | USD 1.59M | USD 0 |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-25 | USD 1.40B | 16.5 | 11.0% | 3.19 |
| 2025 | 2025-12-31 | USD 1.08B | 19.3 | 12.4% | 2.78 |
| 2024 | 2024-12-31 | USD 1.58B | 15.3 | 10.5% | 3.49 |
| 2023 | 2023-12-29 | USD 1.26B | 12.0 | 10.7% | 3.4 |
| 2022 | 2022-12-30 | USD 1.15B | 9.1 | 11.7% | 3.5 |
| 2021 | 2021-12-31 | USD 731.93M | 10.3 | 7.7% | 1.53 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 3.19 USD, yield 11.1%.
| Year | Dividends/share |
|---|---|
| FY2025 | 2.78 USD |
| FY2024 | 3.49 USD |
| FY2023 | 3.4 USD |
| FY2022 | 3.5 USD |
About Dorchester Minerals LP
Dorchester Minerals, L.P. engages in the acquisition, ownership, and administration of royalty properties in the United States. Its royalty properties include producing and nonproducing mineral, royalty, overriding royalty, net profits, and leasehold interests in 594 counties and parishes in 28 states; and net profits interests, which represent net profits overriding royalty interests in various properties owned by the operating partnership. The company was founded in 1982 and is based in Dallas, Texas.
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Frequently asked questions
Is Dorchester Minerals LP overvalued or undervalued?
Bullrun's valuation model currently marks Dorchester Minerals LP as 9.9% overvalued.
What is Dorchester Minerals LP's market cap?
Dorchester Minerals LP's market capitalization is USD 1.40B.
What is Dorchester Minerals LP's P/E ratio?
Dorchester Minerals LP's price-to-earnings (P/E) ratio is 16.5.
Does Dorchester Minerals LP pay a dividend?
Dorchester Minerals LP has a dividend yield of 11.1%.
What does Dorchester Minerals LP do?
Dorchester Minerals, L.P. engages in the acquisition, ownership, and administration of royalty properties in the United States. Its royalty properties include producing and nonproducing mineral, royalty, overriding royalty, net profits, and leasehold interests in 594 counties and parishes in 28 states; and net profits interests, which represent net profits overriding royalty interests in various properties owned by the operating partnership. The company was founded in 1982 and is based in Dallas, Texas.