What is the 13F Pro Quality Score for DMLP?

13F Pro ranks DORCHESTER MINERALS, L.P. (DMLP) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View DMLP's current score at https://13fpro.ai/company/DMLP (free sign-up required for the full ranking).

Where does 13F Pro source DMLP data?

All DORCHESTER MINERALS, L.P. fundamentals and ownership data come directly from SEC EDGAR. DORCHESTER MINERALS, L.P. files with the SEC under CIK 1172358. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is DMLP in?

DORCHESTER MINERALS, L.P. (DMLP) is classified in the Energy sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/energy.

What drives DMLP's revenue?

Per DORCHESTER MINERALS, L.P.'s latest 10-Q filed with the SEC on 2026-08-06, the biggest revenue drivers are: Royalties ($43.9M, +80% YoY); Natural gas sales ($0.3M, -85% YoY); Lease bonus ($1.2M, -67% YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/company/DMLP.

What are DMLP's largest expenses?

DORCHESTER MINERALS, L.P.'s latest 10-Q reports these as the largest expense items: Depreciation, depletion and amortization ($15.8M, +8% YoY); Operating, including production taxes ($5.6M, +123% YoY); General and administrative expenses (total incl. related party) ($3.8M, +33% YoY). Sourced directly from SEC EDGAR filing text for Q2 FY2026 (quarter ended June 30, 2026).

How often is DMLP research updated on 13F Pro?

DMLP's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

DORCHESTER MINERALS, L.P.(DMLP)Stock Analysis

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13F Pro Quality Score

70.5/100

Rank #218 of 2,961 stocksTOP 10%

View Energy peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.

Revenue Growth

74.6/100

Profitability

96.5/100

Balance Sheet

98.0/100

Earnings Quality

37.7/100

Free Cash Flow

99.1/100

Institutional Flow

52.9/100

Revenue Scale

23.4/100

Dilution Risk

94.7/100

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Why DMLP Scores 71/100

exact factor attribution · 2026-09-11

DMLP's composite is driven by free cash flow and profitability, held back by scale and earnings quality. Bars show each factor's exact push vs. a median company, using the same weights the ranking engine applies.

Free cash flow

+7.4 pts

99th pct

Profitability

+7.0 pts

97th pct

Revenue growth

+4.9 pts

75th pct

Capital efficiency

+4.8 pts

98th pct

Shareholder dilution

+2.2 pts

95th pct

Institutional flow

+0.1 pts

53th pct

Earnings growth

-0.7 pts

36th pct

Earnings quality

-1.2 pts

38th pct

Scale

-4.0 pts

23th pct

Latest change (2026-08-06): 72 → 71 · ↓ Revenue growth 61→49

Factor percentiles are cross-sectional ranks across the ~2,800-stock scored universe, computed from SEC EDGAR filings. Not investment advice.

DMLP Stock Analysis & AI Quality Score

Data updated 2026-09-11

AI stock analysis and institutional research for DORCHESTER MINERALS, L.P. (DMLP), a Energy sector company. 13F Pro's AI-powered ranking engine scores DMLP at 70.5/100 on a 32-signal composite quality model, placing it at rank #218 of 2,961 stocks — the top 10% of the AI-ranked universe. DMLP scores in the top quartile across free cash flow (99.1), balance sheet strength (98.0), profitability (96.5). Areas of concern include revenue scale (23.4) and earnings quality (37.7), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q2 2026), DORCHESTER MINERALS, L.P. reports quarterly revenue of $56.1M, net income of $30.9M. Top institutional holders of DMLP by reported 13-F value include MORGAN STANLEY, Adams Asset Advisors, HORIZON KINETICS ASSET MANAGEMENT, based on the most recent SEC filings. DMLP trades on the Nasdaq exchange and files with the SEC under CIK 1172358. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate DMLP daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for DORCHESTER MINERALS, L.P. directly from SEC EDGAR. DORCHESTER MINERALS, L.P.'s 13F Pro composite quality score has ranged between 57 and 71 since 2026, currently 70.5 — a stable long-term trajectory across 48 quarterly and live scoring snapshots.

✦

Fun facts about DORCHESTER MINERALS, L.P.

Quirks, history, and lore behind DMLP — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. energy company · structured as a master limited partnership · listed on Nasdaq · headquartered in Texas.
2
The Numbers
It owns interests across hundreds of thousands of net royalty acres yet employs almost nobody — the whole model is collect royalties, don't drill.
3
The History
Formed in the early 2000s through the combination of royalty and mineral interests, it was built to let investors own oil and gas royalties without ever touching a rig.
4
The Secret
It is a non-operator through and through — it holds net profits interests and royalty interests in producing properties, meaning other companies do all the actual work.
5
The Lore
Its roots trace to the Burlington Resources family of royalty assets, and its distributions rise and fall almost perfectly with the price of crude oil and natural gas.
6
The Giveaway
A Dallas-based royalty MLP with "minerals" right in its name, sitting on a vast portfolio of Permian Basin and mid-continent royalty acres — and ticker DMLP.

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What's Driving DMLP's Business? Latest 10-Q Breakdown

AI-extracted from DORCHESTER MINERALS, L.P.'s 10-Q filed 2026-08-06 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Biggest Revenue Drivers

Royalties$43.9M+80% YoY

Higher oil sales volumes from suspense releases on new Permian wells, increased baseline Permian production, and Rockies wells acquired in Q3 2025, plus higher realized oil prices

Lease bonus$1.2M-67% YoY

Biggest Revenue Drivers

Total revenue: $56.1M+73% YoY

Royalties$43.9M+80% YoY

Higher oil sales volumes from suspense releases on new Permian wells, increased baseline Permian production, and Rockies wells acquired in Q3 2025, plus higher realized oil prices

Within Royalties

Natural gas sales$0.3M-85% YoY

Lease bonus$1.2M-67% YoY

Largest Expense Items

Depreciation, depletion and amortization$15.8M+8% YoY

Depletion rate adjusted quarterly for changes in reserve estimates, including recent acquisitions and suspense releases on new wells

Operating, including production taxes$5.6M+123% YoY

Higher proportionate oil production taxes on higher oil revenue, higher post-production costs (compression, transportation, processing, marketing), and higher ad valorem taxes

General and administrative expenses (total incl. related party)$3.8M+33% YoY

Higher professional services fees and increased compensation expenses, including an expanded Operating Partnership equity program for employee retention

Margins: Net income more than doubled to $30.9M from $12.3M as revenue growth (+73% YoY) outpaced total costs and expenses growth (+26% YoY), though operating costs rose sharply (+123%) on higher production taxes and post-production costs.

Watch Items from the Filing

Royalty Properties natural gas realized price collapsed to $0.19/mcf from $1.39/mcf a year earlier (-86% YoY), pressuring gas-weighted revenue.
NPI revenue was lifted by $15.5M of proceeds from a Midland County, Texas litigation settlement recognized in the April 2026 NPI payment, a non-recurring item.
Subsequent event: on July 31, 2026 the Partnership acquired ~3,100 net royalty acres in the Williston Basin, North Dakota for $23.1M in newly issued common units.
The NPI had $10.4 million of outstanding capital commitments as of June 30, 2026, primarily in the Bakken region, funded through the related-party Operating Partnership.
Operating costs including production taxes rose 123% YoY to $5.6M, growing much faster than the 80% increase in Royalties revenue.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q2 2026

$56.1M

Net Income

Q2 2026

$30.9M

Period

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro

Revenue

-5.4% YoY

$152.8MFY 2025

FY22 $170.8MFY23 $163.8MFY24 $161.5MFY25 $152.8M

Net Income

-38.0% YoY

$57.4MFY 2025

FY22 $130.6MFY23 $114.1MFY24 $92.4MFY25 $57.4M

Total Assets

-15.6% YoY

$309.6MFY 2025

FY22 $176.2MFY23 $191.1MFY24 $366.8MFY25 $309.6M

Op. Cash Flow

-0.1% YoY

$132.5MFY 2025

FY22 $147.1MFY23 $139.8MFY24 $132.6MFY25 $132.5M

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$152.8M -5.4%	$161.5M -1.4%	$163.8M -4.1%	$170.8M +82.8%	$93.4M +99.1%	$46.9M
Net Income	$57.4M -38.0%	$92.4M -19.0%	$114.1M -12.6%	$130.6M +86.1%	$70.2M +220.9%	$21.9M
Total Assets	$309.6M -15.6%	$366.8M +92.0%	$191.1M +8.4%	$176.2M +20.1%	$146.8M +66.2%	$88.3M
Operating Cash Flow	$132.5M -0.1%	$132.6M -5.2%	$139.8M -4.9%	$147.1M +109.2%	$70.3M +78.4%	$39.4M

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Available Research

13F Pro tracks comprehensive data for DORCHESTER MINERALS, L.P. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of DMLP

MORGAN STANLEY
$26.2M1,039,501 sh
Adams Asset Advisors, LLC
$23.0M910,934 sh
HORIZON KINETICS ASSET MANAGEMENT LLC
$21.5M852,651 sh
Turtle Creek Wealth Advisors, LLC
$21.3M842,225 sh
Hollow Brook Wealth Management LLC
$20.3M803,023 sh
MidFirst Bank
$12.6M500,743 sh
Meixler Investment Management, Ltd.
$9.3M369,041 sh
Pathstone Holdings, LLC
$9.1M359,480 sh
ROYCE & ASSOCIATES LP
$8.6M338,629 sh
ArchPoint Investors
$7.9M314,184 sh

Fund	Value	Shares
MORGAN STANLEY	$26.2M	1,039,501
Adams Asset Advisors, LLC	$23.0M	910,934
HORIZON KINETICS ASSET MANAGEMENT LLC	$21.5M	852,651
Turtle Creek Wealth Advisors, LLC	$21.3M	842,225
Hollow Brook Wealth Management LLC	$20.3M	803,023
MidFirst Bank	$12.6M	500,743
Meixler Investment Management, Ltd.	$9.3M	369,041
Pathstone Holdings, LLC	$9.1M	359,480
ROYCE & ASSOCIATES LP	$8.6M	338,629
ArchPoint Investors	$7.9M	314,184

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Is DMLP a good stock to buy?

13F Pro's AI-powered analysis of DORCHESTER MINERALS, L.P. (DMLP) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Energy sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for DMLP are available on the DMLP stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. DMLP is classified as a small company.

Which hedge funds own DMLP?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling DMLP. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of DORCHESTER MINERALS, L.P.'s investment landscape.