Dorchester Minerals, L.P.

DMLPNASDAQEnergy● Active

$27.77

+$0.11(+0.40%)

Market Cap$1.3B

P/E Ratio—

52W High$28.95

52W Low$20.85

Avg Volume174K

Open$27.51

Beta0.51

Overview

Dorchester Minerals, L.P. (DMLP) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

DMLP · free cash flow · updated Jun 9, 2026

Core FCF metrics

DMLP · FCF · TTM · margin & CAGR

Free cash flow was $132.5M for FY2025 (fiscal year ending 2025-12-31), down 0.1% year-over-year The FCF margin was 86.7%. Five-year CAGR stands at +27.4%.

FY2025 Free Cash Flow$132.5M▼ -0.1% YoY

Trailing 12M (TTM)$123.0Mtrailing 4 quarters sum

FCF Margin86.7%$132.5M ÷ revenue

3-Year CAGR-3.4%FY2022 → FY2025

5-Year CAGR+27.4%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 9, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

DMLP · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$132.5M(0M)$132.5M▼ 0.1%86.7%

FY2024$132.6M(0M)$132.6M▼ 5.2%82.1%

FY2023$139.8M(0M)$139.8M▼ 4.9%85.4%

FY2022$147.1M(0M)$147.1M▲ +109.2%86.1%

FY2021$70.3M(0M)$70.3M▲ +78.4%75.3%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

DMLP · P/FCF · FCF yield · FCF per share

Dorchester Minerals, L.P. (DMLP) trades at a FCF yield of 9.22% and a price-to-free-cash-flow ratio of 10.8x. FCF per share stands at $2.58, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

9.22%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$2.58

TTM FCF ÷ Shares Outstanding

Price / FCF

x10.8

Share Price ÷ FCF per Share

EV / FCF (TTM)

x10.6

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

DMLP · cash flow statement · operating / investing / financing

For FY2025, Dorchester Minerals, L.P. generated $132.5M in operating cash flow and spent 0M in capital expenditures, yielding $132.5M in free cash flow.

Operating Activities

+$132.5M

Cash from core business operations

2025-12-31

Investing Activities

+$3.9M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$136.9M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($132.5M) − |CapEx| (0M) = FCF ($132.5M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Energy)

DMLP vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Dorchester Minerals, L.P.YOU

DMLP

$132.5M-0.1%86.7%

Exxon Mobil Corporation

Energy · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Dorchester Minerals, L.P. (DMLP) reported free cash flow of $132.5M for FY2025 (fiscal year ending 2025-12-31), down 0.1% year-over-year. The FCF margin was 86.7%.

Based on available data, Dorchester Minerals, L.P. has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $147.1M in FY2022. The 5-year CAGR stands at +27.4%.

Dorchester Minerals, L.P.'s FCF yield is 9.22% and price-to-FCF ratio is 10.8x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

DMLP free cash flow · 8 questions

Dorchester Minerals, L.P. free cash flow was $132.5M for FY2025, down 0.1% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $123.0M.

DMLP free cash flowDMLP FCFDMLP FCF 2025DMLP free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Dorchester Minerals, L.P. · Dorchester Minerals, L.P. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 9, 2026