Royalties, Oil was Dorchester Minerals’s largest product and service line in fiscal 2025, bringing in $114.12M of $152.83M (75%).
| Product and Service | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Royalties, Oil | — | $102.32M | $129.69M | $114.12M | ||||||
| Royalties | $133.26M | — | — | — | ||||||
| Royalty | — | — | — | — | ||||||
| Net Profit Interests | $28.21M | $34.34M | $21.86M | $13.93M | ||||||
| Royalties, Natural Gas | — | $12.21M | $7.77M | $13.71M | ||||||
| Net Profits Interest | — | — | — | — | ||||||
| Lease Bonus | — | $12.67M | $314.00K | $9.40M | ||||||
| Lease Bonus & Other | $8.66M | — | — | — | ||||||
| Other Revenue | — | $2.26M | $1.89M | $1.68M | ||||||
| Product & Service, Other | $670.00K | — | — | — | ||||||
| Total | $170.80M | $163.80M | $161.52M | $152.83M |
Dorchester Minerals brought in $152.83M from its five product and service lines in fiscal 2025, the year ended December 31, 2025. That was down 5.4% from $161.52M in fiscal 2024. Royalties, Oil was the largest at $114.12M (74.7%), ahead of Net Profit Interests at $13.93M (9.1%) and Royalties, Natural Gas at $13.71M (9.0%). The other two lines brought in $11.08M combined.
Compared with fiscal 2024, Lease Bonus grew fastest, up 2,893.6% to $9.40M, while Net Profit Interests fell the most, down 36.3% to $13.93M.
Dorchester Minerals began breaking out Royalties, Oil in fiscal 2023, Royalties, Natural Gas in fiscal 2023 and Other Revenue in fiscal 2023. Dorchester Minerals stopped reporting Royalties ($133.26M in fiscal 2022), Lease Bonus & Other ($8.66M in fiscal 2022) and Product & Service, Other ($670.00K in fiscal 2022) as separate lines.
Dorchester Minerals (DMLP) reports its revenue by product and service. In fiscal 2025, Royalties, Oil was its largest product and service line, bringing in $114.12M (74.7% of the total), followed by Net Profit Interests at $13.93M (9.1%).
Royalties, Oil was Dorchester Minerals' largest product and service line in fiscal 2025, bringing in $114.12M, or 74.7% of the $152.83M total across its five product and service lines.
Among Dorchester Minerals' product and service lines that make up at least 2% of revenue, Lease Bonus grew fastest in fiscal 2025, up 2,893.6% from $314.00K to $9.40M.
Every figure comes from Dorchester Minerals' annual financial filings, as reported. Each line keeps the name Dorchester Minerals gives it, and years follow its fiscal calendar.
Dorchester Minerals' revenue by product and service goes back to fiscal 2016, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.