Dorchester Minerals is a publicly traded limited partnership that owns oil and gas mineral, royalty, overriding royalty, and net profits interests rather than operating wells itself. Based in Dallas, it holds producing and non-producing interests across many U.S. states and distributes cash generated from third-party production. The passive royalty model means results track commodity prices and volumes on its acreage with limited direct operating cost exposure compared with traditional E&P companies.
| Quarter | Revenue | YoY % | Earnings | YoY % |
|---|---|---|---|---|
| Q2 2025 | 32.4 | — | 11.9 | — |
| Q3 2025 | 35.4 | — | 10.8 | — |
| Q4 2025 | 41.9 | — | 15.6 | — |
| Q1 2026 | 58.9 | — | 28.3 | — |
| Q2 2026 | 56.1 | 73.1% | 29.8 | 150.6% |
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