DORCHESTER MINERALS, L.P.
DMLPNasdaqEnergy · Crude Petroleum & Natural Gas · DE · SEC filings ↗ · Compare ⊕
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SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $152.8M | $161.5M | $163.8M | $170.8M | $93.4M | $46.9M |
| Operating income | — | — | — | — | — | — |
| Net income | $57.4M | $92.4M | $114.1M | $130.6M | $70.2M | $21.9M |
| Total assets | $309.6M | $366.8M | $191.1M | $176.2M | $146.8M | $88.3M |
| Total liabilities | $4.3M | $5.0M | $5.5M | $4.7M | $4.4M | $3.8M |
| Equity | — | — | — | — | — | — |
| EPS (diluted) | $1.16 | $2.13 | $2.85 | $3.35 | $1.94 | $0.61 |
| Shares out. | 47.3M | 39.6M | 38.4M | 37.0M | 34.7M | 34.7M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- —
- Net margin
- 37.5%
- Return on equity
- —
- Return on assets
- 18.5%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 1.4%
- Debt / equity
- —
- Book value / share
- —
- Revenue growth (YoY)
- −5.4%
- Net income growth (YoY)
- −38.0%
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Accruals / assets
- −24.3%clean
- Piotroski F-Score
- 4/8mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 1 warning● 3 good- Revenue declined year-over-year
- Conservative leverage (liabilities < 50% of assets)
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Davidson Kempner Capital Management LpPassive (13G)May 14, 2026
- Carrollton Mineral Partners Iv, LpActivist (13D)Dec 23, 2024
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Dorchester Minerals Operating Lp | May 20, 2026 | Buy | 1,500 | $28.24 |
| Ehrman Bradley JOfficer — Chief Executive Officer | May 12, 2026 | Buy | 4,000 | $26.78 |
| Dorchester Minerals Operating Lp | Feb 11, 2026 | Buy | 10,000 | $25.29 |
| Dorchester Minerals Operating Lp | Dec 19, 2025 | Buy | 5,000 | $22.23 |
| Dorchester Minerals Operating Lp | Dec 17, 2025 | Buy | 4,271 | $22.19 |
| Moriyama Leslie AOfficer — Chief Financial Officer | Dec 15, 2025 | Option exercise | 4,351 | $0.00 |
| Ehrman Bradley JOfficer — Chief Executive Officer | Dec 15, 2025 | Option exercise | 4,727 | $0.00 |
| Moriyama Leslie AOfficer — Chief Financial Officer | Dec 3, 2025 | Option exercise | 4,017 | $0.00 |
| Ehrman Bradley JOfficer — Chief Executive Officer | Dec 3, 2025 | Option exercise | 4,810 | $0.00 |
| Box Frank DamonDirector | Dec 3, 2025 | Buy | 5,000 | $21.96 |
| Moriyama Leslie AOfficer — Chief Financial Officer | Dec 1, 2025 | Grant | 16,000 | $21.63 |
| Ehrman Bradley JOfficer — Chief Executive Officer | Dec 1, 2025 | Grant | 18,000 | $21.63 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 568,837 | 3.5 | +1.6% |
| Apr 30, 2026 | 559,605 | 3.3 | +1.9% |
| Apr 15, 2026 | 549,186 | 3.3 | +0.6% |
| Mar 31, 2026 | 545,954 | 2.8 | -5.7% |
| Mar 13, 2026 | 578,768 | 3.1 | +2.9% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Shareholder voteMay 15, 2026
- Regulation FD disclosureMay 12, 2026
- Results of operations · Regulation FD disclosureMay 6, 2026
- Results of operations · Regulation FD disclosureApr 23, 2026
- Regulation FD disclosure · Other material eventMar 16, 2026
- Other material eventMar 2, 2026
- Results of operations · Regulation FD disclosureFeb 24, 2026
- Director / officer change · Regulation FD disclosureFeb 17, 2026
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- 4FORM4-DMO-052026May 22, 2026
- 8-KFORM 8-KMay 15, 2026
- SCHEDULE 13G/AMay 14, 2026
- 8-KFORM 8-KMay 12, 2026
- 4FORM4-EHRMAN-051226May 12, 2026
- 10-QFORM 10-QMay 6, 2026
- 8-KFORM 8-KMay 6, 2026
- 8-KFORM 8-KApr 23, 2026
- DEF 14AFORM DEF 14AApr 2, 2026
- 8-KFORM 8-KMar 16, 2026
- 8-KFORM 8-KMar 2, 2026
- 10-KFORM 10-KFeb 24, 2026
- 8-KFORM 8-KFeb 24, 2026
- 3FORM3-STURROCK-021826Feb 18, 2026
- 8-KFORM 8-KFeb 17, 2026
Event-driven situations (1)
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