Dorchester Minerals Q1 Revenues Jump 36% to $58.9M; Net Income Rises 65%
DMLP•Dorchester Minerals posted first-quarter operating revenues of $58.9 million versus $43.2 million in Q1 2025, driving net income of $29.1 million, or $0.59 per unit, up from $17.6 million, or $0.36 per unit. The Partnership declared a $0.475036 per unit distribution payable May 14 to record May 4.
1. First Quarter Financial Performance
Dorchester Minerals reported operating revenues of $58,875,000 for the quarter ended March 31, 2026, up from $43,164,000 in Q1 2025. Net income rose to $29,137,000, or $0.59 per common unit, compared with $17,642,000, or $0.36 per common unit a year earlier.
2. Distribution Declaration
The Partnership declared its first-quarter distribution of $0.475036 per common unit, payable on May 14, 2026 to unitholders of record on May 4, 2026. Cash distributions reflect timing and depletion differences and are not directly comparable to net income.
3. Operations and Risk Factors
Dorchester Minerals owns producing and non-producing oil and gas mineral, royalty, overriding royalty, net profits and leasehold interests across 28 states. Future results will depend on commodity price fluctuations, operational changes, depletion rates and evolving regulatory and environmental requirements.
