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Upturn AI SWOT - About
Dorchester Minerals LP (DMLP)
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Upturn Advisory Summary
09/16/2025: 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 09/16/2025 |
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, L.P. was formed in 2003, acquiring assets from Dorchester Hugoton, Ltd. and Dorchester Exploration, Inc. It focuses on acquiring, owning, and administering producing and non-producing oil and gas mineral and royalty interests.
Core Business Areas
- Net Profits Interest (NPI): Dorchester owns and manages net profits interests (NPIs) in oil and gas properties. NPIs entitle Dorchester to a percentage of the net profits generated from the production and sale of hydrocarbons from specified properties after deduction of certain costs.
- Royalty Interests: Dorchester also owns royalty interests, which represent a share of the gross revenue from oil and gas production, less production taxes and sometimes post-production costs. Royalty interests can be non-cost-bearing, meaning the owner is not responsible for operating expenses.
- Overriding Royalty Interests (ORRI): Dorchester owns Overriding Royalty Interests which is a royalty carved out of the working interest.
Leadership and Structure
Dorchester Minerals Management GP LLC serves as the general partner of Dorchester Minerals, L.P. The leadership team includes individuals responsible for operations, finance, and legal aspects of the business. Executive Chairman of the Board is Mr. William Casey McManemin. CEO is Mr. Bradley J. Ehrman.
Top Products and Market Share
Key Offerings
- Oil and Gas Royalties: Dorchester's primary product is the stream of revenue generated from its oil and gas royalty and NPI interests. Market share is difficult to define precisely, as it represents a highly fragmented portion of the overall oil and gas market. Competitors include other mineral and royalty interest owners, as well as oil and gas exploration and production companies who acquire mineral rights directly. Revenue varies greatly depending on commodity prices and production volumes.
Market Dynamics
Industry Overview
The oil and gas mineral and royalty interest industry is influenced by commodity prices (oil and natural gas), drilling activity, production rates, regulatory changes, and technological advancements in extraction techniques. The industry has seen consolidation in recent years.
Positioning
Dorchester Minerals is positioned as a passive owner of mineral and royalty interests, benefiting from the production activities of other operators. Its competitive advantage lies in its diverse portfolio of assets across various geological basins, reducing its reliance on any single operator or region.
Total Addressable Market (TAM)
The TAM for mineral and royalty interests is very large but difficult to quantify precisely. It depends on the value of all recoverable oil and gas reserves. Dorchester is positioned to acquire additional interests and generate revenue based on ongoing production from existing and future assets.
Upturn SWOT Analysis
Strengths
- Diversified portfolio of mineral and royalty interests
- Low operating costs as a passive owner
- Strong balance sheet
- Proven track record of acquisitions
- Variable Cash Distributions to Unitholders
Weaknesses
- Reliance on oil and gas prices
- Dependent on operators' drilling and production decisions
- Limited control over operations
- Vulnerability to regulatory changes affecting oil and gas development
- Partnership Structure (K-1 tax reporting)
Opportunities
- Acquisition of additional mineral and royalty interests
- Increased drilling activity in existing portfolio areas
- Higher oil and gas prices
- Development of new extraction technologies
- Expansion into new geographic regions
Threats
- Decline in oil and gas prices
- Reduced drilling activity by operators
- Increased regulation of oil and gas industry
- Competition from other mineral and royalty buyers
- Shifting energy landscape towards renewables
Competitors and Market Share
Key Competitors
- Texas Pacific Land Corporation (TPL)
- Black Stone Minerals, L.P. (BSM)
- Mineralys (ROYL)
- Viper Energy Partners LP (VNOM)
Competitive Landscape
Dorchester Minerals competes with other royalty companies based on their portfolio of assets, acquisition strategies, and operational efficiency. Dorchester's diverse portfolio is a key advantage.
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been primarily driven by acquisitions of mineral and royalty interests, as well as increases in oil and gas prices.
Future Projections: Future growth is expected to be driven by continued acquisitions and potential increases in drilling activity in existing portfolio areas. Analyst estimates vary depending on commodity price assumptions.
Recent Initiatives: Recent initiatives likely include strategic acquisitions of mineral and royalty interests in core areas.
Summary
Dorchester Minerals LP is a relatively strong company with a diverse portfolio of oil and gas royalty interests, which provides a stable source of income. Its dependence on commodity prices and operators' drilling decisions are key risks. Strategic acquisitions of mineral rights are working well. Maintaining a low-cost structure and proactively managing its portfolio will be crucial for sustained success in a volatile energy market.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company SEC Filings
- Industry Reports
- Analyst Estimates
Disclaimers:
This analysis is for informational purposes only and should not be considered investment advice. The data provided is based on publicly available information and may be subject to change. Investing in oil and gas companies involves risks, including commodity price fluctuations and regulatory changes.
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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