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General information


Sector: Oil and Gas E and P

Dorchester Minerals, L.P. engages in the acquisition, ownership, and administration of producing and nonproducing natural gas and crude oil royalty, net profits, and leasehold interests in the United States. Its royalty properties consist of producing and nonproducing mineral, royalty, overriding royalty, net profits, and leasehold interests located in 592 counties and parishes in 27 states; and net profits interests represent net profits overriding royalty interests in various properties owned by the operating partnership. Dorchester Minerals Management LP serves as the general partner of Dorchester Minerals, L.P. The company was founded in 2003 and is based in Dallas, Texas.
  • Dividend yield for the last twelve months 12.4%
  • Free cash flow yield 7.7% (LTM)
  • Share price is 224.0% higher than minimum and 6.1% lower than maximum for the last 3 years
  • The company is undervalued by EV / LTM EBITDA multiple compared to target level (7.5x vs

Key Financials (Download financials)

Ticker: DMLP
Share price, USD:  (+3.6%)30.29
year average price 28.25  

year start price 26.60 2022-04-02

max close price 32.25 2022-06-02

min close price 23.48 2022-07-06

current price 30.29 2023-04-01
Common stocks: 35 404 800

Dividend Yield:  12.4%
FCF Yield LTM: 7.7%
EV / EBITDA annualized: 7.5x
Target EV / EBITDA (hist percentile):
EV / LTM EBITDA mutiple calculation
Market Cap ($m): 1 072
Net Debt ($m): -50
EV (Enterprise Value): 1 022
EBITDA LTM ($m): 137
Price to Book: 13.0x

Revenue and EBITDA

Quarterly values ($m)

Change (y/y)

Cash Flow

FCF / Free Cash Flow ($m)

Net Debt / Cash and Equivalents ($m)

Share price and dividends (Download history)

Share price

Payment USD per share

Multiple and potential

EV / LTM EBITDA and 75% percentile

Potential dynamics


2023-03-10Seeking Alpha

Dorchester Minerals: Q1 2023 Distribution Benefits From Cash Receipts Timing

2023-02-03Seeking Alpha

Dorchester Minerals: A High-Quality Equity That Can Support A 10% Yield

2023-01-30Seeking Alpha

2 Great Picks To Reach $2 Million In Retirement

2022-11-20Seeking Alpha

Go With The Flow: Two 9 - 12% Energy Yields With Low Debt, Big Growth, Outperformance

2022-10-05Seeking Alpha

Dorchester Minerals: Not Enough Leverage

2022-07-24Seeking Alpha

Dorchester Minerals: Strong Production Growth Enhances Its Value

2022-05-25Seeking Alpha

Inflation Hedge With A Gigantic 11% Dividend: Dorchester Minerals

2022-05-23Seeking Alpha

Ultimate Inflation Protection 10% Yield: Dorchester Minerals

2022-04-29Seeking Alpha

Dorchester Minerals: Oil And Gas Play With About 10% Yield

2022-04-20Seeking Alpha

Dorchester Minerals: Quarterly Distribution May Exceed $1
More information for subscribed users:
detailed calculation of Potential,
commodities and currency affecting the company