Is Dorchester Minerals, L.P. (NASDAQ:DMLP) a buy in 2026?
Yes, on balance. The Compass leans toward accumulating Dorchester Minerals, L.P. at current levels.
A debt-free royalty stream on Permian and Bakken acreage, paying out cash while the operators do the capex heavy lifting.
Where DMLP is headed
Dorchester Minerals owns mineral rights across 594 counties in 28 states, and gets paid when somebody else drills, completes, and lifts hydrocarbons off that land. No rigs. No crews. No debt. Just a cheque that arrives because Exxon, Conoco, Diamondback and a hundred private operators decided your acreage was worth developing. By late 2027, the Permian acreage that drives most of DMLP's distributions will be in a different regime than the one investors are anchoring to. The Lower 48 rig count has been falling since mid-2025, but DUC inventory in the Midland and Delaware basins is being worked down, and the operators on Dorchester's acreage have publicly guided to flat-to-modest production growth through 2027. That means royalty volumes hold up even as headline rig counts fall, because completions, not spuds, drive Dorchester's cheque.
Read the full Compass Direction on DMLP
The complete destination call, the overlooked angle, milestones, and bull, base, and bear price scenarios (around $27.53).
See the full DMLP analysisGet calls like this, free
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Frequently asked questions
Is Dorchester Minerals, L.P. (NASDAQ:DMLP) a buy in 2026?
Yes, on balance. The Compass leans toward accumulating Dorchester Minerals, L.P. at current levels. A debt-free royalty stream on Permian and Bakken acreage, paying out cash while the operators do the capex heavy lifting.
What is DMLP's Compass Score?
Dorchester Minerals, L.P. scores 82/100 on Alexandria's Compass, placing it in the "True North" tier. Scores blend eight factors and update weekly.
What is the price target for DMLP?
Alexandria's full Compass Direction includes bull, base, and bear price scenarios with the valuation math behind each. Read the full breakdown on the DMLP page.
Compass verdicts are AI-generated, forward-looking editorial research from publicly available data, not investment advice or a recommendation regarding any security. Scores and verdicts update as the data changes.