profit from every $100 of sales.
$0$100
Dorchester Minerals, L.P.
$28.46+1.53% today
+19.8% in 1 year
1-year low $21.261-year high $30.69
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay $24.98 for every $1 of profit it makes in a year.
CheapExpensive
It holds more cash than debt.
No debt5 years
Money in, money out
What Dorchester Minerals, L.P. sold, what it kept, and what it did with the cash.
Sales went from $171 million in 2022 to $153 million in 2025, with $57.4 million of profit last year.
SalesProfit
Dorchester Minerals, L.P. handed back more cash to shareholders than it generated last year.
$137M
Free cash flow 2025$132M
Bought back its own shares–
Paid as dividends$137M
Cash vs. debt$42M vs. $777,000
Dorchester Minerals, L.P. vs. similar companies
Dorchester Minerals, L.P. grows in the middle of these 5 and is the most expensive for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Dorchester Minerals, L.P. | 25.0× · Fair price | ||
 EQT | 16.1× · Fair price | ||
 Coterra Energy | 14.4× · Cheap | ||
 Expand Energy | 11.1× · Cheap | ||
 Permian Resources | 20.4× · Fair price |
AI analysis
An AI analyst reads Dorchester Minerals, L.P.'s last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 171 | 164 | 162 | 153 | |
| 139 | 125 | 104 | 71 | |
| 131 | 114 | 92 | 57 | |
| 150 | 141 | 135 | 124 | |
| 131 | 114 | 92 | 57 | |
| 3.35 | 2.85 | 2.13 | 1.16 | |
| 81.3% | 76.5% | 64.6% | 46.2% | |
| 76.5% | 69.7% | 57.2% | 37.5% | |
| 76.5% | 69.7% | 57.2% | 37.5% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 176 | 191 | 367 | 310 |
| Cash | 41 | 47 | 43 | 42 |
| Total debt | 2 | 1 | 1 | 1 |
| Total liabilities | 5 | 6 | 5 | 4 |
| 0 | 0 | 0 | 0 | |
| 38 | 39 | 42 | 48 | |
| 6,473.0% | 6,866.1% | 7,022.6% | 5,831.2% | |
| – | – | – | – |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 147 | 140 | 133 | 132 | |
| – | – | – | – | |
| 147 | 140 | 133 | 132 | |
| Dividends paid | 137 | 136 | 152 | 137 |
| – | – | – | – | |
| – | – | – | – |
Valuation
- 25.0×
- –
- –
- 4.2×
- 9.4×
- 10.8×
- 11.2×
- 9.2%
- 4.0%
- 9.6%
Profitability
- 46.2%
- 37.5%
- 37.5%
- 82.7%
- 28.9%
- 45.5%
- 21.9%
- 22.8%
- 28.9%
- –
Growth
- −3.6%
- −29.8%
- −0.1%
- +14.8%
- +8.0%
Financial health
- -0.2×
- 0.00
- 0.2%
- –
- 16.61
- 16.61
- 0.56
How it ranks in Energy
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 3%of 467
Top 10%of 466
Bottom 30%of 387
Bottom 38%of 461
Top 26%of 460
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| May 6, 2026 | 0.59 | – | – |
| Feb 24, 2026 | 0.32 | – | – |
| Nov 6, 2025 | 0.23 | – | – |
| Aug 7, 2025 | 0.25 | – | – |
| May 8, 2025 | 0.36 | – | – |
| Feb 20, 2025 | 0.24 | – | – |
| Oct 31, 2024 | 0.87 | – | – |
| Aug 1, 2024 | 0.57 | – | – |
9.6%of the share price, paid each year
On $1,000 invested$96a year at today's yield, before tax
+14.8%2020 to 2025
Raised–not every year
Paid per share, each year
$1.15 in 2015 → $2.78 in 2025
How safe it looks
238.8% of its profit
Room to growStretchedMore than it earns: 103.4%
News
Dorchester Minerals to acquire 4,300 net royalty acres in North DakotaSeeking Alpha · Oct 19, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
5/7Passes 5 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
74Pass
Benjamin Graham
66Pass
Philip Fisher
62Pass
Peter Lynch
39No pass
Joel Greenblatt
44No pass
Charlie Munger
90Pass
Terry Smith
90Pass
Questions about Dorchester Minerals, L.P.
Is Dorchester Minerals, L.P. a good stock to buy?
A strong, very profitable business at a fair price. 5 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Dorchester Minerals, L.P. AI analysis
What does Dorchester Minerals, L.P. do?
Dorchester Minerals, L.P. engages in the acquisition, ownership, and administration of producing and nonproducing natural gas and crude oil royalty, net profit, and leasehold interests in the United States. It is in Oil & Gas Exploration & Production.
Does Dorchester Minerals, L.P. pay a dividend?
Yes. At today's price the dividend is 9.6% a year, about 239% of its yearly profit. In 2025 it paid out $137 million in dividends.
Is Dorchester Minerals, L.P. stock halal?
Yes. Dorchester Minerals, L.P. passes our halal screen: its business is permitted and its debt is under 0.1% of its market value, under the 30% limit. How we check
How has Dorchester Minerals, L.P. stock done over the past year?
Up 19.8% over the past twelve months, to $28.46. It traded between $21.26 and $30.69 and is 7.3% below its high.
Who are Dorchester Minerals, L.P.'s competitors?
The largest listed companies in the same industry are EQT, Coterra Energy, Expand Energy and Permian Resources. The peers table on this page compares their profit, growth and price with Dorchester Minerals, L.P.'s.
Prices: daily closes to Nov 12, 2026. Fundamentals: company reports via invest-like data.