Dorchester Minerals, L.P.

Dorchester Minerals, L.P.

DMLPยทNASDAQ

$28.11

+0.18%
EnergyOil & Gas Exploration & Production

Dorchester Minerals, L.P. engages in the acquisition, ownership, and administration of producing and nonproducing natural gas and crude oil royalty, net profit, and leasehold interests in the United States. Its royalty properties consist of producing and nonproducing mineral, royalty, and overriding royalty interests located in 582 counties and parishes in 26 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 1982 and is based in Dallas, Texas.

At a Glance

Live Snapshot
Market Cap$1.36B
EPS1.2000
P/E Ratio23.42
Earnings Date08/06/2026
Dorchester Minerals, L.P.

Dorchester Minerals, L.P. Fair Value Envelope

DMLP ยท NASDAQ

Our analysis suggests that DMLP has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $28.11, this represents a potential HIDDEN relative to our calculated worth for Dorchester Minerals, L.P..

Intrinsic Value
Current Price: $28.11

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$1.9B
+ Cash & Equivalents$41.9M
Firm Value$2.0B
- Debt$777.0K
Equity Value$2.0B
/ Shares Outstanding47,428,432B
DCF Value$41
UNDERVALUED BY 47%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$132.3M
$132.2M
$132.0M
$131.9M
$131.7M
$131.6M
$131.4M
$131.3M
$131.1M
$131.0M
Maintenance CapEx
-$0
-$0
-$0
-$0
-$0
-$0
-$0
-$0
-$0
-$0
Owner Earnings
$132.3M
$132.2M
$132.0M
$131.9M
$131.7M
$131.6M
$131.4M
$131.3M
$131.1M
$131.0M
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$122.5M
$113.3M
$104.8M
$96.9M
$89.6M
$82.9M
$76.7M
$70.9M
$65.6M
$60.7M
Terminal Value represents 53.8% of Enterprise Value