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Upturn AI SWOT - About
Dorchester Minerals LP (DMLP)
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Upturn Advisory Summary
10/15/2025: DMLP (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type Stock | Historic Profit -11.74% | Avg. Invested days 35 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 10/15/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.29B USD | Price to earnings Ratio 13.27 | 1Y Target Price - |
Price to earnings Ratio 13.27 | 1Y Target Price - | ||
Volume (30-day avg) - | Beta 0.57 | 52 Weeks Range 25.84 - 34.06 | Updated Date 06/29/2025 |
52 Weeks Range 25.84 - 34.06 | Updated Date 06/29/2025 | ||
Dividends yield (FY) 11.59% | Basic EPS (TTM) 2.05 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 53.14% | Operating Margin (TTM) 40.87% |
Management Effectiveness
Return on Assets (TTM) 21.52% | Return on Equity (TTM) 35.19% |
Valuation
Trailing PE 13.27 | Forward PE - | Enterprise Value 1250857543 | Price to Sales(TTM) 7.72 |
Enterprise Value 1250857543 | Price to Sales(TTM) 7.72 | ||
Enterprise Value to Revenue 7.2 | Enterprise Value to EBITDA 13.61 | Shares Outstanding 47339800 | Shares Floating 41392936 |
Shares Outstanding 47339800 | Shares Floating 41392936 | ||
Percent Insiders 9.47 | Percent Institutions 26.03 |
Upturn AI SWOT
Dorchester Minerals LP
Company Overview
History and Background
Dorchester Minerals LP (DMLP) was formed in 2003, succeeding Dorchester Hugoton Royalty LP. It acquires, owns, and administers royalty interests in producing hydrocarbon properties. Its strategy focuses on maximizing value from existing assets and acquiring additional royalty interests.
Core Business Areas
- Net Profits Interest (NPI): Dorchester owns net profits interests (NPIs) carved out of leasehold interests in oil and gas properties. These NPIs entitle the company to a share of the net profits from the production and sale of hydrocarbons from those properties.
- Royalty Properties: Dorchester owns mineral and royalty interests in producing and non-producing oil and gas properties. These interests entitle the company to a share of the gross revenue from the production and sale of hydrocarbons from those properties.
Leadership and Structure
Dorchester Minerals GP LLC serves as the general partner of the partnership. The leadership team consists of the CEO, CFO, and other key executives who oversee the strategic direction and operations of the company. The company is structured as a limited partnership.
Top Products and Market Share
Key Offerings
- Royalty Interests: Dorchester's royalty interests represent a claim to a portion of the revenue generated from the production of oil and gas. They do not operate the wells. Market share data specific to royalty interest ownership is fragmented; no one player has a dominant position. Competitors include Black Stone Minerals, Viper Energy Partners, and various private equity firms and mineral rights aggregators.
- Net Profits Interests: Dorchester's NPIs represent rights to a share of the net profits derived from oil and gas production. Market share data specific to NPIs is fragmented; no one player has a dominant position. Competitors include Black Stone Minerals, Viper Energy Partners, and various private equity firms and mineral rights aggregators.
Market Dynamics
Industry Overview
The oil and gas royalty and mineral rights industry is characterized by fragmented ownership and increasing consolidation. Demand for energy resources drives activity, while commodity prices and regulatory changes significantly impact profitability.
Positioning
Dorchester Minerals LP is positioned as a consolidator and manager of royalty and net profit interests, providing investors with exposure to oil and gas production without the direct operational risks associated with exploration and production.
Total Addressable Market (TAM)
The total addressable market for mineral and royalty interests is substantial, estimated to be in the hundreds of billions of dollars. Dorchester Minerals LP's TAM is limited by its investment strategy and the availability of attractive acquisition opportunities.
Upturn SWOT Analysis
Strengths
- Diversified asset base across multiple basins
- Low operating cost structure
- Strong balance sheet with minimal debt
- Experienced management team
- High insider ownership
Weaknesses
- Exposure to commodity price volatility
- Dependence on third-party operators
- Limited control over production levels
- Vulnerable to changes in regulations and tax laws
Opportunities
- Acquisition of additional royalty and mineral interests
- Expansion into new geographic areas
- Increased drilling activity by operators on existing properties
- Technological advancements leading to increased production
Threats
- Decline in commodity prices
- Increased regulatory scrutiny
- Environmental concerns and restrictions
- Competition from other royalty and mineral interest aggregators
- Reduced drilling activity by operators
Competitors and Market Share
Key Competitors
- BSM
- VNOM
- TXO
Competitive Landscape
Dorchester Minerals LP competes with other mineral and royalty interest aggregators, private equity firms, and individual owners of mineral rights. Its competitive advantage lies in its low operating cost structure and experienced management team.
Major Acquisitions
Double Eagle Royalty LP
- Year: 2022
- Acquisition Price (USD millions): 181.5
- Strategic Rationale: Expanded Permian Basin footprint.
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been driven by acquisitions and increased production from existing properties, but variable based on the energy cycle.
Future Projections: Future growth is projected to be moderate, depending on commodity prices and the availability of attractive acquisition opportunities.
Recent Initiatives: Recent initiatives include acquiring mineral and royalty interests in key shale basins and optimizing its portfolio of existing assets.
Summary
Dorchester Minerals LP is a unique company with a strong financial profile and a low-cost structure. Its exposure to commodity prices makes its revenue and dividends cyclical. Investors must carefully consider oil and gas price volatility, and regulatory changes when assessing DMLP. DMLP needs to look out for rising interest rates and inflation as it looks for acquisitions.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company SEC Filings (10-K, 10-Q)
- Company Website
- Analyst Reports
- Industry Publications
Disclaimers:
The information provided is for informational purposes only and should not be considered investment advice. Investment decisions should be made based on individual financial circumstances and consultation with a qualified financial advisor. Market share figures are estimates and may vary.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Dorchester Minerals LP
Exchange NASDAQ | Headquaters Dallas, TX, United States | ||
IPO Launch date 2003-02-03 | CEO - | ||
Sector Energy | Industry Oil & Gas E&P | Full time employees 27 | Website https://www.dmlp.net |
Full time employees 27 | Website https://www.dmlp.net | ||
Dorchester Minerals, L.P. engages in the acquisition, ownership, and administration of royalty properties in the United States. Its royalty properties include producing and nonproducing mineral, royalty, overriding royalty, net profits, and leasehold interests in 594 counties and parishes in 28 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.
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