Dorchester Minerals, L.P. (DMLP)
Energy · NMS
Price as at 30 Sept 2026, 17:33 UTC. Quotes are delayed.
Fundamentals
Valuation and ratings
Dorchester Minerals, L.P. trades at $28.37, which is 87% below the $53.13 our fair value estimate puts on the business. On that measure alone it screens as undervalued, though a valuation model is an argument rather than a measurement, and the market is frequently right about why something is cheap.
Our moat model scores it 83 out of 100, which is a wide moat. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 19.8 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
DMLP dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | $2.50 | 3 |
| 2025 | $2.77 | 4 |
| 2024 | $3.49 | 4 |
| 2023 | $3.40 | 4 |
| 2022 | $3.50 | 4 |
| 2021 | $1.53 | 4 |
| 2020 | $1.39 | 4 |
| 2019 | $2.01 | 4 |
| 2018 | $1.74 | 4 |
| 2017 | $1.16 | 4 |
| 2016 | $0.856 | 4 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
About Dorchester Minerals, L.P.
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.
Company profile, industry and headcount are as reported by our data provider and can lag a company's own filings by a reporting period. The annual report is the authority.
DMLP passes 6 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Super investor ownership
1 of the funds we track reported a position in their latest SEC 13F filing. Largest first:
- Ken Griffin, CITADEL ADVISORS LLC$3.24M · 0.0% of book
A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.
Politician trades in DMLP
Trades in DMLP disclosed by members of Congress and executive-branch officials, latest first:
- August Lee Pfluger II · HouseBuy · $15,001 - $50,000 · traded 13 Mar 2026 · disclosed 15 Apr 2026
A disclosure reports a value band, not an amount, and is due up to 45 days after the trade; some arrive later. Every filer we track, each with their own page, is on the Congress trading tracker.
DMLP peers
The largest companies in the same industry (Oil & Gas E&P), then in the same sector.
- WOPEF Woodside Energy Group Ltd
- EQT EQT Corporation
- EXE Expand Energy Corporation
- PR Permian Resources Corporation
- TRMOY TRMOY
- WCP.TO Whitecap Resources Inc.
- VARRY Vår Energi ASA
- APA APA Corporation
Every energy company we cover is on the Energy hub.
Common questions
Is Dorchester Minerals, L.P. (DMLP) undervalued?
Against our fair value estimate of $53.13, DMLP at $28.37 is 87% below fair value. That is one model's answer, not a recommendation. It is built from normalized earning power with growth capped deliberately low, which understates companies whose value is mostly future growth.
Which funds own DMLP?
1 of the institutions we track reported a position in DMLP in their most recent SEC 13F filing. A 13F is filed up to 45 days after quarter end, so it tells you what a fund held then, not what it holds now.
What is DMLP's P/E ratio?
DMLP trades at 19.8 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does Dorchester Minerals, L.P. (DMLP) pay a dividend?
Yes. Dorchester Minerals, L.P. yields 9.28% at the current share price. It has paid $3.19 per share over the trailing twelve months. It has paid a dividend in each of the last 23 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
Where does SteadyShares get its DMLP data?
Fundamentals for DMLP come from company filings and exchange data, as listed on NMS; institutional ownership comes from SEC 13F filings. The share price shown was last refreshed on 30 Sept 2026, 17:33 UTC and is delayed. Our data quality score for this company is 100/100, which is the share of the inputs behind our scores that were actually available rather than assumed. Metrics we do not hold are left out of the page rather than estimated.
The full research page for DMLP, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.