Dorchester Minerals, L.P. - Understand $dmlp stock

$DMLP Market Cap: $1.561 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$172.2M

TTM

Gross Margin

92.1%

TTM

Net Earnings

$113.7M

TTM

Current Assets

$85.95M

Q3 2024

Current Liabilities

$6.047M

Q3 2024

Current Ratio

1421.37%

Q3 2024

Total Assets

$403.4M

Q3 2024

Total Liabilities

$6.889M

Q3 2024

Book Value

$396.5M

Q3 2024

Cash

$56.47M

Q3 2024

P/E

13.73

Nov 29, 2024 EST

Free Cash Flow

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001
Revenue	$163.8M	$170.8M	$93.42M	$46.93M	$78.80M	$73.28M	$57.29M	$37.56M	$31.87M	$65.17M	$65.87M	$63.20M	$69.49M	$61.09M	$43.63M	$89.93M	$65.37M	$74.93M	$79.83M	$57.03M	$49.22M	$18.74M	$26.78M
YoY Change	-4.1%	82.82%	99.08%	-40.45%	7.53%	27.9%	52.54%	17.84%	-51.1%	-1.06%	4.22%	-9.05%	13.75%	40.02%	-51.48%	37.57%	-12.76%	-6.14%	39.98%	15.87%	162.65%	-30.02%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001
Revenue	$163.8M	$170.8M	$93.42M	$46.93M	$78.80M	$73.28M	$57.29M	$37.56M	$31.87M	$65.17M	$65.87M	$63.20M	$69.49M	$61.09M	$43.63M	$89.93M	$65.37M	$74.93M	$79.83M	$57.03M	$49.22M	$18.74M	$26.78M
Cost Of Revenue	$12.21M	$12.89M	$7.596M	$5.690M	$6.650M	$5.510M	$4.640M	$3.090M	$3.580M	$5.460M	$5.130M	$4.800M	$4.880M	$4.170M	$3.360M	$4.770M	$3.870M	$4.060M	$3.610M	$2.520M	$2.320M	$3.820M	$4.880M
Gross Profit	$151.6M	$157.9M	$85.83M	$41.24M	$72.15M	$67.77M	$52.66M	$34.46M	$28.29M	$59.71M	$60.74M	$58.41M	$64.61M	$56.92M	$40.27M	$85.15M	$61.50M	$70.87M	$76.22M	$54.51M	$46.90M	$14.92M	$21.90M
Gross Profit Margin	92.55%	92.45%	91.87%	87.88%	91.56%	92.48%	91.92%	91.75%	88.77%	91.62%	92.21%	92.42%	92.98%	93.17%	92.3%	94.68%	94.08%	94.58%	95.48%	95.58%	95.29%	79.62%	81.78%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001
Selling, General & Admin	$11.16M	$8.221M	$5.189M	$7.460M	$6.090M	$4.910M	$4.930M	$4.990M	$4.970M	$5.140M	$4.200M	$3.820M	$4.090M	$4.130M	$3.720M	$3.970M	$3.590M	$3.060M	$2.890M		$6.590M	$2.180M	$2.370M
YoY Change	35.8%	58.43%	-30.44%	22.5%	24.03%	-0.41%	-1.2%	0.4%	-3.31%	22.38%	9.95%	-6.6%	-0.97%	11.02%	-6.3%	10.58%	17.32%	5.88%			202.29%	-8.02%
% of Gross Profit	7.36%	5.21%	6.05%	18.09%	8.44%	7.25%	9.36%	14.48%	17.57%	8.61%	6.91%	6.54%	6.33%	7.26%	9.24%	4.66%	5.84%	4.32%	3.79%		14.05%	14.61%	10.82%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$26.31M	$19.08M	$10.46M	$11.91M	$13.30M	$8.947M	$9.302M	$8.507M	$10.07M	$10.05M	$13.14M	$16.58M	$18.35M	$17.99M	$15.60M	$14.74M	$15.57M	$18.47M	$20.86M	$20.80M	$23.64M	$2.130M	$2.110M
YoY Change	37.86%	82.37%	-12.13%	-10.47%	48.66%	-3.82%	9.35%	-15.5%	0.18%	-23.53%	-20.74%	-9.63%	2.0%	15.32%	5.83%	-5.33%	-15.7%	-11.46%	0.29%	-12.01%	1009.86%	0.95%
% of Gross Profit	17.35%	12.08%	12.19%	28.88%	18.44%	13.2%	17.66%	24.69%	35.59%	16.83%	21.64%	28.39%	28.4%	31.61%	38.74%	17.31%	25.32%	26.06%	27.37%	38.16%	50.41%	14.28%	9.63%
Operating Expenses	$37.47M	$27.30M	$15.65M	$19.37M	$19.38M	$2.762M	$2.460M	$1.733M	$15.04M	$15.18M	$17.34M	$20.39M	$22.43M	$22.12M	$19.32M	$18.71M	$19.16M	$21.53M	$23.75M	$20.80M	$30.24M	$4.310M	$4.480M
YoY Change	37.24%	74.43%	-19.19%	-0.05%	601.67%	12.28%	41.95%	-88.48%	-0.92%	-12.46%	-14.96%	-9.09%	1.4%	14.49%	3.26%	-2.35%	-11.01%	-9.35%	14.18%	-31.22%	601.62%	-3.79%
Operating Profit	$114.1M	$130.6M	$70.17M	$21.87M	$52.77M	$65.01M	$50.20M	$20.97M	$13.25M	$44.53M	$43.40M	$38.01M	$42.18M	$34.80M	$20.95M	$66.44M	$42.34M	$49.34M	$52.47M	$33.71M	$16.66M	$10.61M	$17.42M
YoY Change	-12.63%	86.12%	220.87%	-58.56%	-18.83%	29.5%	139.42%	58.27%	-70.25%	2.6%	14.18%	-9.88%	21.21%	66.11%	-68.47%	56.92%	-14.19%	-5.97%	55.65%	102.34%	57.02%	-39.09%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001
Interest Expense													$130.0K	$2.370M	$860.0K
YoY Change													-94.51%	175.58%
% of Operating Profit													0.78%	22.34%	4.94%
Other Income/Expense, Net	$7.000K	$712.0K	$176.0K	$11.00K	$40.00K	$80.00K	$730.0K	$330.0K	$710.0K	$870.0K	$300.0K	-$10.00K	$180.0K	-$20.00K	$70.00K
YoY Change	-99.02%	304.55%	1500.0%	-72.5%	-50.0%	-89.04%	121.21%	-53.52%	-18.39%	190.0%	-3100.0%	-105.56%	-1000.0%	-128.57%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001
Pretax Income	$114.1M	$130.6M	$70.17M	$21.87M	$52.77M	$53.91M	$38.42M	$20.97M	$13.26M	$45.24M	$43.58M	$38.02M	$42.22M	$34.88M	$21.68M	$66.78M	$43.05M	$50.21M	$52.78M	$33.70M	-$26.83M	$12.96M	$18.35M
YoY Change	-12.63%	86.12%	220.87%	-58.56%	-2.11%	40.32%	83.21%	58.14%	-70.69%	3.81%	14.62%	-9.95%	21.04%	60.89%	-67.54%	55.12%	-14.26%	-4.87%	56.62%	-225.61%	-307.02%	-29.37%
Income Tax											$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
% Of Pretax Income											0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%		0.0%	0.0%
Net Earnings	$114.1M	$130.6M	$70.17M	$21.87M	$52.77M	$53.91M	$38.42M	$20.97M	$13.26M	$45.24M	$43.58M	$38.02M	$42.22M	$34.88M	$21.68M	$66.78M	$43.05M	$50.21M	$52.78M	$33.70M	-$26.83M	$12.96M	$18.35M
YoY Change	-12.63%	86.12%	220.91%	-58.56%	-2.12%	40.3%	83.26%	58.18%	-70.7%	3.82%	14.61%	-9.94%	21.04%	60.89%	-67.54%	55.12%	-14.26%	-4.87%	56.62%	-225.61%	-307.02%	-29.37%
Net Earnings / Revenue	69.67%	76.47%	75.11%	46.6%	66.96%	73.57%	67.07%	55.83%	41.59%	69.42%	66.16%	60.16%	60.76%	57.1%	49.69%	74.26%	65.86%	67.01%	66.12%	59.09%	-54.51%	69.16%	68.52%
Basic Earnings Per Share	$2.85	$3.35	$1.94	$0.61
Diluted Earnings Per Share	$2.85	$3.35	$2.002M	$630.6K	$1.546M	$1.670M	$1.220M	$683.5K	$432.2K	$1.475M	$1.420M	$1.239M	$1.376M	$1.145M	$746.6K	$2.365M	$1.524M	$1.778M	$1.869M	$1.233M	-$1.045M	$1.207M	$1.709M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002
Cash & Short-Term Investments	$47.03M	$40.75M	$28.31M	$11.20M	$15.30M	$18.30M	$13.80M	$8.200M	$7.100M	$15.90M	$15.20M	$13.80M	$14.20M	$11.30M	$10.10M	$16.20M	$15.00M	$13.90M	$23.40M	$12.40M	$10.90M	$23.10M
YoY Change	15.39%	43.98%	152.73%	-26.8%	-16.39%	32.61%	68.29%	15.49%	-55.35%	4.61%	10.14%	-2.82%	25.66%	11.88%	-37.65%	8.0%	7.91%	-40.6%	88.71%	13.76%	-52.81%
Cash & Equivalents	$47.03M	$40.75M	$28.31M	$11.20M	$15.30M	$18.30M	$13.80M	$8.200M	$7.100M	$15.90M	$15.20M	$13.80M	$14.20M	$11.30M	$10.10M	$16.20M	$15.00M	$13.90M	$23.40M	$12.40M	$10.90M	$23.10M
Short-Term Investments
Other Short-Term Assets																		$0.00	$0.00	$0.00	$100.0K	$200.0K
YoY Change																				-100.0%	-50.0%
Inventory
Prepaid Expenses
Receivables	$14.41M	$14.54M	$11.53M	$5.100M	$7.100M	$6.600M	$6.200M	$4.300M	$2.600M	$4.800M	$6.500M	$5.800M	$6.600M	$5.500M	$5.400M	$5.100M	$7.100M	$6.100M	$7.600M	$5.400M	$3.500M	$2.600M
Other Receivables	$8.275M	$7.170M	$6.822M	$1.900M	$5.800M	$5.200M	$5.300M	$2.300M	$3.000M	$5.800M	$6.500M	$6.500M	$7.600M	$3.700M	$3.700M	$4.400M	$3.500M	$4.200M	$7.100M	$4.800M	$4.400M	$0.00
Total Short-Term Assets	$69.71M	$62.47M	$46.66M	$18.20M	$28.30M	$30.10M	$25.40M	$14.80M	$12.80M	$26.50M	$28.20M	$26.10M	$28.50M	$20.50M	$19.20M	$25.70M	$25.60M	$24.20M	$38.10M	$22.60M	$18.80M	$25.90M
YoY Change	11.59%	33.87%	156.38%	-35.69%	-5.98%	18.5%	71.62%	15.63%	-51.7%	-6.03%	8.05%	-8.42%	39.02%	6.77%	-25.29%	0.39%	5.79%	-36.48%	68.58%	20.21%	-27.41%
Property, Plant & Equipment	$121.4M	$113.8M	$100.1M	$70.10M	$88.60M	$57.80M	$66.70M	$52.40M	$60.90M	$71.00M	$84.60M	$97.70M	$114.3M	$132.6M	$133.5M	$113.9M	$128.6M	$144.2M	$162.7M	$183.5M	$180.1M	$14.20M
YoY Change	6.66%	13.61%	42.86%	-20.88%	53.29%	-13.34%	27.29%	-13.96%	-14.23%	-16.08%	-13.41%	-14.52%	-13.8%	-0.67%	17.21%	-11.43%	-10.82%	-11.37%	-11.34%	1.89%	1168.31%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets								$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Total Long-Term Assets	$121.4M	$113.8M	$100.1M	$70.10M	$88.60M	$57.80M	$66.60M	$52.40M	$60.90M	$71.00M	$84.60M	$97.70M	$114.3M	$132.6M	$133.6M	$113.9M	$128.7M	$144.2M	$162.7M	$183.6M	$180.2M	$14.20M
YoY Change	6.66%	13.61%	42.86%	-20.88%	53.29%	-13.21%	27.1%	-13.96%	-14.23%	-16.08%	-13.41%	-14.52%	-13.8%	-0.75%	17.3%	-11.5%	-10.75%	-11.37%	-11.38%	1.89%	1169.01%
Total Assets	$191.1M	$176.2M	$146.8M	$88.30M	$116.9M	$87.90M	$92.00M	$67.20M	$73.70M	$97.50M	$112.8M	$123.8M	$142.8M	$153.1M	$152.8M	$139.6M	$154.3M	$168.4M	$200.8M	$206.2M	$199.0M	$40.10M
YoY Change
Accounts Payable	$4.195M	$3.131M	$2.512M	$1.600M	$2.100M	$400.0K	$600.0K	$300.0K	$500.0K	$1.000M	$900.0K	$400.0K	$500.0K	$500.0K	$500.0K	$700.0K	$500.0K	$300.0K	$600.0K	$600.0K	$500.0K	$500.0K
YoY Change	33.98%	24.64%	57.0%	-23.81%	425.0%	-33.33%	100.0%	-40.0%	-50.0%	11.11%	125.0%	-20.0%	0.0%	0.0%	-28.57%	40.0%	66.67%	-50.0%	0.0%	20.0%	0.0%
Accrued Expenses	$272.0K	$281.0K	$291.0K	$300.0K	$300.0K
YoY Change	-3.2%	-3.44%	-3.0%	0.0%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$4.467M	$3.412M	$2.803M	$1.900M	$2.400M	$500.0K	$600.0K	$300.0K	$500.0K	$1.000M	$1.000M	$500.0K	$600.0K	$600.0K	$600.0K	$800.0K	$600.0K	$300.0K	$600.0K	$700.0K	$500.0K	$1.200M
YoY Change	30.92%	21.73%	47.53%	-20.83%	380.0%	-16.67%	100.0%	-40.0%	-50.0%	0.0%	100.0%	-16.67%	0.0%	0.0%	-25.0%	33.33%	100.0%	-50.0%	-14.29%	40.0%	-58.33%
Long-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$1.041M	$1.313M	$1.594M	$1.900M	$2.200M	$800.0K	$700.0K	$0.00	$0.00	$0.00	$0.00	$100.0K	$100.0K	$100.0K	$200.0K	$200.0K	$200.0K	$300.0K	$300.0K	$400.0K	$0.00
YoY Change	-20.72%	-17.63%	-16.11%	-13.64%	175.0%	14.29%					-100.0%	0.0%	0.0%	-50.0%	0.0%	0.0%	-33.33%	0.0%	-25.0%
Total Long-Term Liabilities	$1.041M	$1.313M	$1.594M	$1.900M	$2.200M	$800.0K	$700.0K	$0.00	$0.00	$0.00	$0.00	$100.0K	$100.0K	$100.0K	$200.0K	$200.0K	$200.0K	$300.0K	$300.0K	$400.0K	$0.00	$0.00
YoY Change	-20.72%	-17.63%	-16.11%	-13.64%	175.0%	14.29%					-100.0%	0.0%	0.0%	-50.0%	0.0%	0.0%	-33.33%	0.0%	-25.0%
Total Liabilities	$5.508M	$4.725M	$4.397M	$3.800M	$4.500M	$1.300M	$1.300M	$300.0K	$600.0K	$1.000M	$1.000M	$500.0K	$700.0K	$700.0K	$700.0K	$1.000M	$800.0K	$600.0K	$900.0K	$1.000M	$500.0K	$1.200M
YoY Change	16.57%	7.46%	15.71%	-15.56%	246.15%	0.0%	333.33%	-50.0%	-40.0%	0.0%	100.0%	-28.57%	0.0%	0.0%	-30.0%	25.0%	33.33%	-33.33%	-10.0%	100.0%	-58.33%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020
Basic Shares Outstanding	38.78M	37.62M	35.05M	34.68M
Diluted Shares Outstanding
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $1.5613 Billion

About DORCHESTER MINERALS, L.P.

Dorchester Minerals LP engages in the acquisition, ownership, and administration of royalty properties and net profits interests (NPI). The company is headquartered in Dallas, Texas and currently employs 27 full-time employees. The company went IPO on 2003-02-03. The firm is engaged in the acquisition, ownership, and administration of royalty properties and net profits interest (NPI). The NPI represents a net profits overriding royalty interest burdening various properties owned by the operating partnership. The Royalty Properties consist of producing and nonproducing minerals, royalty, overriding royalty, net profits, and leasehold interests located in 593 counties and parishes in 28 states. The company has mineral and royalty interests totaling approximately 460,000 net acres located in 593 counties and parishes across Louisiana, New Mexico, Colorado, Texas and others. Its subsidiaries include Dorchester Minerals Oklahoma LP, Dorchester Minerals Oklahoma GP, Inc., Maecenas Minerals LLP, Dorchester-Maecenas GP LLC, The Buffalo Co. and DMLPTBC GP LLC.

Industry: Crude Petroleum & Natural Gas Peers: CONOCOPHILLIPS Kimbell Royalty Partners, LP Vital Energy, Inc. PERMIAN BASIN ROYALTY TRUST BAYTEX ENERGY USA, INC. TALOS ENERGY INC. SABINE ROYALTY TRUST W&T OFFSHORE INC