Black Stone Minerals L.P. (BSM) vs Dorchester Minerals L.P. (DMLP)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Dorchester Minerals L.P. (DMLP) has outperformed Black Stone Minerals L.P. (BSM) over the past year, gaining 14.1% versus a gain of 8.7%. Over five years, DMLP leads with a +48.0% price change compared with +19.8% for BSM. Black Stone Minerals L.P. is the larger company by market cap ($3.14 billion vs $1.45 billion), about 2.2 times the size.
On valuation, Black Stone Minerals L.P. trades at a lower trailing P/E (12.3x vs 16.8x for Dorchester Minerals L.P.). Dorchester Minerals L.P. offers the higher dividend yield (10.83% vs 8.25%).
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | BSM | DMLP |
|---|---|---|
| Share price | $14.78 | $29.49 |
| Market cap | $3.14B | $1.45B |
| 1-day change | +1.09% | +1.64% |
| YTD return | +10.46% | +30.23% |
| 1-year return | +8.66% | +14.11% |
| 5-year return | +19.84% | +48.04% |
| P/E ratio (TTM) | 12.32 | 16.85 |
| Forward P/E | 13.14 | — |
| EPS (TTM) | $1.20 | $1.75 |
| Dividend yield | 8.25% | 10.83% |
| Annual dividend | $1.22 | $3.19 |
| Revenue (latest FY) | $469.92M | — |
| Revenue growth (YoY) | +8.35% | — |
| Net income (latest FY) | $299.93M | — |
| Operating margin | 65.63% | — |
| Net margin | 63.83% | — |
| 52-week high | $15.49 | $30.54 |
| 52-week low | $12.32 | $20.85 |
| Distance from 52-week high | -4.58% | -3.45% |
| Analyst consensus | none | — |
| Avg. price target upside | +8.25% | — |
| Average volume | 372.02K | 164.94K |
| Shares outstanding | 212.71M | 49.09M |
| Employees | — | 26 |
| Sector | Energy | Energy |
| Industry | Oil & Gas Production | Oil & Gas Production |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Black Stone Minerals L.P. is about 2.2 times larger than Dorchester Minerals L.P. by market value ($3.14B vs $1.45B).
- Dorchester Minerals L.P. trades at a higher earnings multiple (16.8x vs 12.3x trailing P/E).
- Dorchester Minerals L.P. offers a meaningfully higher dividend yield (10.83% vs 8.25%).
About Black Stone Minerals L.P.
BSM stock →Black Stone Minerals, L.P., together with its subsidiaries, owns and manages oil and natural gas mineral interests. It owns mineral interests in approximately 16.9 million gross acres, nonparticipating royalty interests in 1.8 million gross acres, and overriding royalty interests in 1.6 million gross acres located in 41 states in the United States.
Energy · Oil & Gas Production
About Dorchester Minerals L.P.
DMLP stock →Dorchester Minerals, L.P. engages in the acquisition, ownership, and administration of royalty properties in the United States.
Energy · Oil & Gas Production · 26 employees
BSM vs DMLP FAQ
Which is bigger, Black Stone Minerals L.P. or Dorchester Minerals L.P.?
Black Stone Minerals L.P. (BSM) is larger, with a market capitalization of $3.14B compared with $1.45B for Dorchester Minerals L.P. (DMLP).
Which stock has performed better over the past year, BSM or DMLP?
DMLP returned +14.11% over the past 12 months, compared with +8.66% for BSM (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, BSM or DMLP?
BSM has the lower trailing P/E at 12.3, versus 16.8 for DMLP. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Black Stone Minerals L.P. or Dorchester Minerals L.P.?
Dorchester Minerals L.P. has the higher yield at 10.83%, compared with 8.25% for Black Stone Minerals L.P..
Are Black Stone Minerals L.P. and Dorchester Minerals L.P. in the same industry?
Yes. Both are classified in the Oil & Gas Production industry within the Energy sector.