Dorchester Minerals

DMLP

Market cap $1.04B

Dorchester Minerals remains a buy, supported by a debt-free balance sheet, strong fundamentals, and a ~12% dividend yield. DMLP's solid cash flows and conservative financial structure position it well, despite recent earnings declines due to lower oil prices and higher non-cash expenses. Macro catalysts, including OPEC's latest moves, Russian sanctions, and potential US rate cuts, could drive oil price recovery and benefit DMLP's future growth.

DALLAS, Nov. 04, 2025 (GLOBE NEWSWIRE) -- Dorchester Minerals, L.P. (the “Partnership”) (NASDAQ-DMLP) mourns the passing of C.W. “Bill” Russell, a dedicated member of our Board of Managers and Advisory Committee since 2004, and Chairman of the Audit Committee.

Dorchester's Q3 2025 distribution was approximately $0.69 per unit, up 11% from Q2 2025. This quarter-over-quarter increase was despite Q3 not benefiting from the noticeable amount of lease bonus and other income that boosted its Q2 distribution. Dorchester's oil sales volumes have thus likely rebounded above Q1 2025 levels, pointing to Q2 2025's oil sales volumes being an outlier.

DALLAS, Oct. 23, 2025 (GLOBE NEWSWIRE) -- Dorchester Minerals, L.P. (NASDAQ:DMLP) announced today the Partnership's third quarter 2025 cash distribution. The distribution of $0.689883 per common unit represents activity for the three-month period ended September 30, 2025 and is payable on November 13, 2025 to common unitholders of record as of November 3, 2025.

Dorchester Minerals, L.P. remains a buy due to strong financial health, low valuation, and attractive dividend yield. DMLP's multi-basin acquisitions and debt-free balance sheet position it well to capitalize on potential oil market recovery and expansion opportunities. Risks include ongoing oil price volatility and macroeconomic uncertainty, but upcoming Fed rate cuts and global policy shifts may provide catalysts.

Dorchester Minerals LP's operations remain fruitful with its positive earnings and cash inflows despite weaker pricing power. Its low-cost, high-margin LP business model allows it to sustain its expansion and position itself for more opportunities without bleeding out a lot of money at once. The stock is still trading at a reasonable valuation with attractive upside potential, supported by its sustained cash distributions.

DALLAS, Sept. 02, 2025 (GLOBE NEWSWIRE) -- Dorchester Minerals, L.P. (the “Partnership”) (NASDAQ-DMLP) announced today it completed an acquisition of mineral interests totaling approximately 3,050 net royalty acres located in Adams County, Colorado.

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Dorchester's Q2 2025 distribution ended up at approximately $0.62 per unit. This was with the benefit of a relatively high amount of lease bonus income though, as well as cash receipts related to sales before April 2025. Dorchester's Q2 2025 oil sales volumes decreased approximately 15% from Q1. Its distribution would have been around $0.50 per unit based on Q2 volumes and without the lease bonus income.

Dorchester Minerals, L.P. is financially robust, debt-free, and offers high exposure to premier U.S. oil basins, supporting long-term growth potential. Recent acquisitions have boosted reserves, but near-term cash flow and dividends are pressured by lower oil prices and payout ratios. Valuation remains attractive with a margin of safety, though the stock trades at a premium to peers and is highly sensitive to oil price volatility.