多尔切斯特 2026年季度报告

(Mark One)☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period endedMarch 31, 2026or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number:000-50175 DORCHESTER MINERALS, L.P. (Exact name of registrant as specified in its charter) Delaware81-0551518(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.) 3838 Oak Lawn Avenue, Suite 300, Dallas, Texas 75219(Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code:(214) 559-0300 None(Former name, former address and former fiscal year, if changed since last report) Securities registered pursuant to Section 12(b) of the Act: Name of each exchange on whichregistered Common Units Representing LimitedPartnership Interest NASDAQ Global Select Market Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file suchreports), and (2) has been subject to such filing requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period thatthe registrant was required to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer☒Accelerated filer☐Non-accelerated filer☐Smaller reporting company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒ Number of common units representing limited partnership interestsoutstanding as of May 6, 2026: 48,255,450 Table of Contents TABLE OF CONTENTS DISCLOSURE REGARDING FORWARD-LOOKING STATEMENTS1PART I–FINANCIAL INFORMATION1ITEM 1.CONDENSED FINANCIALSTATEMENTS (UNAUDITED)1CONSOLIDATED BALANCE SHEETS2CONSOLIDATED INCOME STATEMENTS3CONSOLIDATED STATEMENTS OF CHANGES IN PARTNERSHIP CAPITAL4CONSOLIDATED STATEMENTS OF CASH FLOWS5NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS6ITEM 2.MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTSOF OPERATIONS8ITEM 3.QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK11ITEM 4.CONTROLS AND PROCEDURES11PART II–OTHER INFORMATION11ITEM 1.LEGAL PROCEEDINGS11ITEM1A.RISK FACTORS11ITEM 2.UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS12ITEM 5.OTHER INFORMATION12ITEM 6.EXHIBITS13SIGNATURES15 DORCHESTER MINERALS, L.P.(A Delaware Limited Partnership) DISCLOSURE REGARDING FORWARD-LOOKING STATEMENTS Statements included in this report (this “Quarterly Report”) that are not historical facts (including any statementsconcerning plans and objectives of management for future operations or economic performance, or assumptions or forecasts relatedthereto), are forward-looking statements. These statements can be identified by the use of forward-looking terminology including“may,” “believe,” “will,” “expect,” “anticipate,” “estimate,” “continue,” or other similar words. These statements discuss futureexpectations, contain projections of results of operations or of financial condition or state other forward-looking information. Inthis Quarterly Report, the terms “us,” “our,” “we,” and “its” are sometimes used as abbreviated references to the Partnership. These forward-looking statements are made based upon management's current plans, expectations, estimates, assumptionsand beliefs concerning future events impacting us and, therefore, involve a number of risks and uncertainties. We caution thatforward-looking statements are not guarantees and that actual results could differ materially from those expressed or implied in theforward-looking statements for a number of important reasons, including those discussed under “Item 1A – Risk Factors” in thePartnership’s Annual Report on Form 10-K for the year ended December 31, 2025(the “Annual Report”) and in this QuarterlyReport, in the Partnership’s other filings with the SEC and elsewhere in this Quarterly Report. Examples of such reasons include,but are not limited to, changes in the