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Dorchester Minerals (DMLP) investor relations material
Dorchester Minerals Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 2026 net income was $27.583M, or $0.54 per common unit; nine-month net income was $87.591M, or $1.75 per unit.
Q3 net profits interest income was zero as higher capital costs pushed the NPI into deficit; results were supported by stronger royalty revenues and lease bonus activity.
Financial highlights
Q3 operating revenue was $51.411M vs. $35.416M in Q3 2025; nine-month revenue was $166.361M vs. $110.975M.
Q3 net income was $27.583M vs. $11.173M; nine-month net income was $87.591M vs. $41.162M.
Net income per common unit was $0.54 vs. $0.23 in Q3; nine-month net income per unit was $1.75 vs. $0.84.
Nine-month operating cash flow rose 34% YoY to $131.1M, primarily on higher royalty, NPI and lease bonus receipts.
Segment performance
Operations are managed as one operating and reportable segment; consolidated net income is the CEO’s measure for assessing performance and allocating resources.
Royalty Properties oil sales volumes rose 19% in Q3 and 26% in 9M YoY; natural gas volumes fell 3% in Q3 and rose 5% in 9M.
Royalty Properties average oil sales prices rose 25% in Q3 and 16% in 9M YoY; natural gas prices fell 19% in Q3 and 7% in 9M.
Royalty Properties oil and gas sales revenue was $45.2M in Q3 and $130.1M in 9M, up from $31.5M and $93.8M, respectively; lease bonus revenue increased with higher Permian Basin leasing activity.
- Q2 2026 net income and revenues surged, fueled by oil sales and major royalty acquisitions.DMLP
Q2 2026 - Strong distributions and reserve growth driven by diversified mineral assets and active management.DMLP
Investor presentation - Net income surged 65% year-over-year on higher revenues and legal settlement gains, despite volatility.DMLP
Q1 2026 - 2026 proxy covers board elections, auditor approval, Say-on-Pay, and executive pay increases.DMLP
Proxy filing - 2025 net income fell to $57.4M as revenues and per-unit earnings declined year-over-year.DMLP
Q4 2025 - Strong 2024 results, board elections, auditor approval, and robust executive compensation oversight.DMLP
Proxy Filing - Q3 2025 net income dropped 69% and revenue 34%, but liquidity and distributions stayed strong.DMLP
Q3 2025 - Q2 2024 net income rose 19% to $23.6M, with a $17M Colorado acquisition and $0.70/unit distribution.DMLP
Q2 2024 - 2024 net income fell to $92.4M, with $141.6M distributed and 17.0 mmboe in proved reserves.DMLP
Q4 2024
Next Dorchester Minerals earnings date
Next Dorchester Minerals earnings date
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