Dorchester Minerals, L.P. — Third Quarter 2026 Earnings Summary

Financial Performance

• Net income for the quarter ended September 30, 2026, was $27,583,000, compared to $11,173,000 in the same period of 2025.
• Net income per common unit was $0.54 for the quarter ended September 30, 2026, compared to $0.23 in the prior year period.
• Operating revenues for the three months ended September 30, 2026, were $51,411,000, an increase from $35,416,000 in the same period of 2025.
• Net income for the nine months ended September 30, 2026, was $87,591,000, compared to $41,162,000 in the same period of 2025.
• Net income per common unit for the nine months ended September 30, 2026, was $1.75, compared to $0.84 in the prior year period.
• Operating revenues for the nine months ended September 30, 2026, were $166,361,000, compared to $110,975,000 in the same period of 2025.
• Cash distributions are noted as not comparable to net earnings due to timing and other differences, including depletion.

Other Key Points

• The Partnership declared a third-quarter distribution of $0.882297 per common unit.
• The distribution is payable on November 12, 2026, to common unitholders of record as of November 2, 2026.
• The Partnership owns producing and non-producing oil and natural gas mineral, royalty, overriding royalty, net profits, and leasehold interests located in 28 states.
• Common units trade on the NASDAQ Global Select Market under the symbol DMLP.