DMLP vs ET vs KRP Stock Comparison

Dorchester Minerals, Energy Transfer and Kimbell Royalty Partners Prices as of Oct 26, 2026 Peers: Industry group
ET Energy Transfer LP
$20.61 +2.0% 1M +23.2% 1Y
Market cap
$70.32B
P/E
13.9x
Revenue (TTM)
$107.38B
Div. yield
0.07%
Oil and Gas Pipelines Energy
6 wins

Head to Head

12 decided of 12

Energy Transfer leads on 6 of the 12 questions below (Energy Transfer 6, Kimbell Royalty Partners 4, Dorchester Minerals 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionDMLPETKRPLeader
Larger companyMarket capitalisation $1.47B $70.32B $1.62B ET
Cheaper on earningsLower P/E, profitable companies only 17.5x 13.9x 20.6x ET
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 11.5x 16.7x ET
Faster revenue growthRevenue growth, trailing twelve months +13.9% +33.3% +6.2% ET
More profitableNet margin, trailing twelve months 43.9% 4.7% 23.0% DMLP
Better return on capitalReturn on invested capital — 8.4% 12.7% KRP
Less leveragedLower net debt / EBITDA — 4.0x 1.7x KRP
Higher dividend yieldTrailing dividend yield 0.09% 0.07% 0.09% KRP
Better 1-year returnPrice return, last 12 months +20.8% +23.2% +26.2% KRP
Better 5-year returnAnnualised price return, 5 years +8.5%/yr +16.2%/yr +2.1%/yr ET
Less volatileAnnualised volatility, 1 year 25.3% 17.5% 23.0% ET
Higher overall scoreMean of the five percentile scores vs peers 67/100 63/100 66/100 DMLP

Percentile Scorecard

DMLPETKRP

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisDMLPETKRP
Valuation 27 #73 of 99 94 #3 of 35 38 #62 of 99
Growth 77 #23 of 97 61 #14 of 34 92 #9 of 97
Profitability 99 #2 of 96 30 #24 of 34 85 #15 of 96
Financial Health 100 #1 of 102 59 #15 of 35 56 #45 of 102
Shareholder Returns 31 #53 of 76 70 #10 of 31 57 #33 of 76
Overall 67 63 66
  • DMLP ranked among 103 companies in Oil and Gas Upstream
  • ET ranked among 35 companies in Oil and Gas Midstream
  • KRP ranked among 103 companies in Oil and Gas Upstream

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodDMLPETKRPSPY
1 month +5.3%+2.0%+15.8% -0.8%
3 months +12.6%+3.5%+14.9% +3.5%
6 months +8.6%+8.2%+14.1% +7.0%
Year to date +36.8%+25.0%+43.4% +12.2%
1 year +20.8%+23.2%+26.2% +13.0%
3 years +7.4%+57.2%+4.1% +86.3%
3 years, per year +2.4%+16.3%+1.3% +23.1%
5 years +50.4%+111.8%+11.0% +68.6%
5 years, per year +8.5%+16.2%+2.1% +11.0%
10 years +100.5%+30.9%— +258.0%
10 years, per year +7.2%+2.7%— +13.6%

Risk

MeasureDMLPETKRPSPY
Volatility, 1Y 25.3%17.5%23.0% 12.7%
Downside volatility, 1Y 27.5%16.6%24.6% 12.7%
Beta vs S&P 500, 1Y -0.43-0.21-0.36 1.00
Return / volatility, 1Y 0.821.331.14 1.02
Max drawdown, 5Y -40.0%-25.8%-43.3% -25.4%
From 52-week high -0.2%-5.2%-0.6% -1.8%
52-week high $30.64$21.74$16.97 $779.14
52-week low $21.26$16.21$11.36 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleDMLPETKRP
P/E now vs peer median 17.5xmedian 13.5x 14.1xmedian 21.0x 20.7xmedian 13.5x
P/S now vs peer median 7.8xmedian 2.1x 0.7xmedian 2.7x 5.0xmedian 2.1x
EV/EBITDA now vs peer median —median 5.9x 8.2xmedian 11.0x 8.2xmedian 5.9x
P/FCF now vs peer median 9.6xmedian 11.0x 13.6xmedian 16.6x 7.2xmedian 11.0x
P/B now vs peer median 4.9xmedian 1.5x 1.4xmedian 2.6x 2.5xmedian 1.5x
PEG now vs peer median —median 2.27 2.01median 1.92 -1.08median 2.27

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsDMLPETKRP
Revenue $192.22M $107.38B $341.09M
Gross profit – $25.32B –
Operating income – $10.78B $136.95M
Net income $90.00M $7.04B $101.37M
Free cash flow $156.70M $5.22B $237.72M
EPS (diluted) – $1.46 $0.66
Cash & equivalents $72.50M $1.02B $44.93M
Total debt – $68.41B $478.70M
Shares (diluted) – 3.46B 118.88M
Enterprise value $1.29B $63.51B $1.45B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricDMLPETKRP
P/E 17.5x 14.1x 20.7x
P/FCF 9.6x 13.6x 7.2x
P/Operating cash flow 9.6x 5.9x 7.2x
P/S 7.8x 0.7x 5.0x
P/B 4.9x 1.4x 2.5x
P/Tangible book 4.9x 1.6x 2.5x
EV/EBITDA – 8.2x 8.2x
EV/EBIT – 12.8x 15.6x
EV/Revenue 7.4x 1.3x 6.3x
EV/FCF 9.1x 26.5x 9.0x
EV/Operating cash flow 9.1x 11.4x 9.0x
PEG (3Y EPS CAGR) – 2.01 -1.08

Growth

14 metrics
MetricDMLPETKRP
Revenue growth (1Y) 13.9% 33.3% 6.2%
Revenue CAGR (3Y) 7.7% 10.0% 13.7%
Gross profit growth (1Y) – 18.9% –
Gross profit CAGR (3Y) – 13.2% –
Operating income growth (1Y) – 16.5% 104.7%
Operating income CAGR (3Y) – 12.0% -1.4%
Net income growth (1Y) 68.9% 16.1% 159.4%
Net income CAGR (3Y) – 9.0% -6.9%
EPS growth (1Y) – 12.6% 14,894%
EPS CAGR (3Y) – 7.0% -19.1%
Operating cash flow growth (1Y) 12.6% 8.8% -3.2%
Operating cash flow CAGR (3Y) 2.0% 5.9% 12.1%
Free cash flow growth (1Y) 12.6% -8.5% 946.8%
Free cash flow CAGR (3Y) 2.0% -7.3% 155.1%

Profitability

14 metrics
MetricDMLPETKRP
Gross margin – 23.6% –
EBITDA margin – 15.7% 76.7%
Operating margin – 10.0% 40.1%
Pretax margin – 7.1% 29.8%
Net margin 43.9% 4.7% 23.0%
FCF margin 81.5% 4.9% 69.7%
Operating cash flow margin 81.5% 11.3% 69.7%
Return on equity – 14.0% 16.4%
Return on assets – 4.8% 8.0%
Return on invested capital – 8.4% 12.7%
Return on capital employed – 8.4% 11.0%
Asset turnover 0.6x 0.7x 0.3x
Cash conversion (OCF / net income) 1.7x 1.7x 2.3x
Stock comp / revenue – 0.2% 4.9%

Financial Health

11 metrics
MetricDMLPETKRP
Debt / assets – 46.2% 36.1%
Debt / equity – 1.4x 0.7x
Net debt / EBITDA – 4.0x 1.7x
Debt / FCF – 13.1x 2.0x
Liabilities / assets 3.3% 65.9% 49.5%
Equity / assets 96.7% 34.1% 50.5%
Interest coverage – 2.9x 3.9x
Current ratio 13.9x 1.2x 7.3x
Quick ratio 13.8x 0.9x 7.1x
Cash ratio 10.1x 0.1x 3.3x
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricDMLPETKRP
Dividend yield 10.4% 6.5% 9.5%
Net buyback yield – – 0.9%
Shareholder yield 10.4% 6.5% 10.4%
Payout ratio (earnings) 140.6% 67.9% 143.5%
Payout ratio (FCF) 80.8% 91.6% 61.2%
Dividend growth (1Y) -15.6% 2.9% -2.0%
Dividend CAGR (3Y) -6.9% 8.0% 7.6%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusDMLPETKRP
Forward P/E – 11.5xFY2026 16.7xFY2026
EPS, next fiscal year – $1.80FY2026 $1.01FY2026
EPS growth, next FY – +48.8%FY2026 +23.2%FY2026
EPS growth, the year after – -9.4% -5.0%
Revenue, next fiscal year – $124.23BFY2026 $414.25MFY2026
Revenue growth, next FY – +45.2%FY2026 +24.1%FY2026
Revenue growth, the year after – +1.4% +5.6%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersDMLPETKRP
Held by institutions 22.9% 31.4% 31.0%
Institutions holding 154 1,279 212
Change in shares held, QoQ +6.5% +1.9% -2.9%
Institutions buying 66 628 120
Institutions selling 30 340 41
Buyers to sellers 2.20 1.85 2.93

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

DMLPETKRP
DMLP 1.00 0.34 0.51
ET 0.34 1.00 0.42
KRP 0.51 0.42 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, DMLP, ET and KRP?

Energy Transfer (ET) is the largest by market capitalisation: Dorchester Minerals (DMLP) $1.47B, Energy Transfer (ET) $70.32B, Kimbell Royalty Partners (KRP) $1.62B.

Which stock is cheaper, DMLP, ET and KRP?

Energy Transfer (ET) trades on the lowest price-to-earnings ratio (Dorchester Minerals (DMLP) 17.5x, Energy Transfer (ET) 13.9x, Kimbell Royalty Partners (KRP) 20.6x). On next year's consensus earnings, Energy Transfer (ET) is cheapest (Energy Transfer (ET) 11.5x, Kimbell Royalty Partners (KRP) 16.7x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Energy Transfer (ET) grew revenue fastest over the trailing twelve months: Dorchester Minerals (DMLP) +13.9%, Energy Transfer (ET) +33.3%, Kimbell Royalty Partners (KRP) +6.2%.

Which company is more profitable?

Dorchester Minerals (DMLP) has the highest net margin (Dorchester Minerals (DMLP) 43.9%, Energy Transfer (ET) 4.7%, Kimbell Royalty Partners (KRP) 23.0%). On return on invested capital, Kimbell Royalty Partners (KRP) leads (Energy Transfer (ET) 8.4%, Kimbell Royalty Partners (KRP) 12.7%).

Which stock has performed better?

Over the past year Kimbell Royalty Partners (KRP) returned the most: Dorchester Minerals (DMLP) +20.8%, Energy Transfer (ET) +23.2%, Kimbell Royalty Partners (KRP) +26.2%. Over five years, Energy Transfer (ET) compounded fastest (Dorchester Minerals (DMLP) +8.5%/yr, Energy Transfer (ET) +16.2%/yr, Kimbell Royalty Partners (KRP) +2.1%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Kimbell Royalty Partners (KRP) has the highest dividend yield: Dorchester Minerals (DMLP) 0.09%, Energy Transfer (ET) 0.07%, Kimbell Royalty Partners (KRP) 0.09%.

Which stock is riskier?

By one-year price volatility, Energy Transfer (ET) has been the steadiest (Dorchester Minerals (DMLP) 25.3%, Energy Transfer (ET) 17.5%, Kimbell Royalty Partners (KRP) 23.0%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, DMLP, ET and KRP?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Energy Transfer (ET) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.