DORCHESTER MINERALS, L.P.
For the period ended Dec 31, 2025. Filed Feb 24, 2026.
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FY2025 · Filed Feb 24, 2026
DMLP$27.51-0.1%Stored close · as of Nov 9, 2026
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Consolidated Income Statements
(In Thousands, except per unit amounts)
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Operating revenues: | |||
| Royalties | $127,823 | $137,465 | $114,531 |
| Net profits interest - related party | 13,928 | 21,856 | 34,338 |
| Lease bonus | 9,400 | 314 | 12,668 |
| Other | 1,681 | 1,888 | 2,262 |
| Total operating revenues | 152,832 | 161,523 | 163,799 |
| Costs and expenses: | |||
| Production taxes | 5,834 | 6,884 | 5,776 |
| Operating expenses | 10,022 | 7,671 | 6,435 |
| Depreciation, depletion and amortization | 66,300 | 42,588 | 26,307 |
| General and administrative expenses | 2,179 | 1,980 | 3,350 |
| General and administrative expenses - related party | 11,145 | 9,951 | 7,814 |
| Total costs and expenses | 95,480 | 69,074 | 49,682 |
| Net income | $57,352 | $92,449 | $114,117 |
| Allocation of net income: | |||
| General Partner | $2,100 | $3,249 | $3,728 |
| Unitholders | $55,252 | $89,200 | $110,389 |
| Net income per common unit (basic and diluted) | $1.16 | $2.13 | $2.85 |
| Weighted average basic and diluted common units outstanding | 47,654 | 41,811 | 38,783 |
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