DMLP vs. EPD

Last updated Jun 4, 2026

DMLP (Dorchester Minerals, L.P.) and EPD (Enterprise Products Partners L.P.) are both stocks. Both are in the Energy sector — DMLP in Oil & Gas E&P, EPD in Oil & Gas Midstream. Over the past 10 years, DMLP returned 19.06%/yr vs 10.55%/yr for EPD. At a 0.35 correlation, their price movements are largely independent.

Performance

DMLP vs. EPD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dorchester Minerals, L.P. (DMLP) and Enterprise Products Partners L.P. (EPD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DMLP achieves a 32.00% return, which is significantly higher than EPD's 22.17% return. Over the past 10 years, DMLP has outperformed EPD with an annualized return of 19.06%, while EPD has yielded a comparatively lower 10.55% annualized return.

DMLP

• 1D: 0.32%
• 1M: 3.38%
• YTD: 32.00%
• 6M: 33.07%
• 1Y: 11.32%
• 3Y*: 8.76%
• 5Y*: 25.76%
• 10Y*: 19.06%

EPD

• 1D: 0.74%
• 1M: -1.76%
• YTD: 22.17%
• 6M: 21.90%
• 1Y: 28.84%
• 3Y*: 21.77%
• 5Y*: 17.36%
• 10Y*: 10.55%

*Multi-year figures are annualized to reflect compound growth (CAGR)

DMLP vs. EPD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DMLP Dorchester Minerals, L.P.	32.00%	-25.92%	16.59%	18.99%	71.68%	98.93%	-37.39%	48.52%	6.12%	-6.93%
EPD Enterprise Products Partners L.P.	22.17%	9.45%	28.00%	17.71%	18.32%	21.40%	-23.61%	21.88%	-1.32%	4.24%

Correlation

The correlation between DMLP and EPD is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (5Y) Calculated over the trailing 5-year period	0.42
Correlation (10Y) Calculated over the trailing 10-year period	0.41
Correlation (All Time) Calculated using the full available price history since Feb 4, 2003	0.35

Fundamentals

Market Cap DMLP : $1.36B EPD : $83.08B
EPS DMLP : $1.44 EPD : $2.69
PE Ratio DMLP : 19.52 EPD : 14.11
PS Ratio DMLP : 7.97 EPD : 1.61
Total Revenue (TTM) DMLP : $168.54M EPD : $51.57B
Gross Profit (TTM) DMLP : $65.71M EPD : $7.31B
EBITDA (TTM) DMLP : $110.16M EPD : $10.11B

Return for Risk

DMLP vs. EPD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DMLP

DMLP Risk / Return Rank: 52
DMLP Sharpe Ratio Rank: 58
DMLP Sortino Ratio Rank: 49
DMLP Omega Ratio Rank: 48
DMLP Calmar Ratio Rank: 53
DMLP Martin Ratio Rank: 54

EPD

EPD Risk / Return Rank: 85
EPD Sharpe Ratio Rank: 85
EPD Sortino Ratio Rank: 83
EPD Omega Ratio Rank: 81
EPD Calmar Ratio Rank: 86
EPD Martin Ratio Rank: 89

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DMLP vs. EPD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dorchester Minerals, L.P. (DMLP) and Enterprise Products Partners L.P. (EPD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	DMLP	EPD	Difference
Sharpe ratio: Return per unit of total volatility	0.50	1.82	-1.32
Sortino ratio: Return per unit of downside risk	0.85	2.58	-1.73
Omega ratio: Gain probability vs. loss probability	1.10	1.32	-0.22
Calmar ratio: Return relative to maximum drawdown	0.54	3.83	-3.29
Martin ratio: Return relative to average drawdown	1.25	11.90	-10.65
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DMLP vs. EPD - Sharpe Ratio Comparison

The current DMLP Sharpe Ratio is 0.50, which is lower than the EPD Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of DMLP and EPD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DMLP	EPD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.50	1.82	-1.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.86	1.01	-0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	0.44	+0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.54	-0.16

Drawdowns

DMLP vs. EPD - Drawdown Comparison

The maximum DMLP drawdown since its inception was -72.35%, which is greater than EPD's maximum drawdown of -58.78%. Use the drawdown chart below to compare losses from any high point for DMLP and EPD.

Drawdown Indicators

	DMLP	EPD	Difference
Max Drawdown Largest peak-to-trough decline	-72.35%	-58.78%	-13.57%
Max Drawdown (1Y) Largest decline over 1 year	-21.00%	-7.56%	-13.44%
Max Drawdown (3Y) Largest decline over 3 years	-32.31%	-15.40%	-16.91%
Max Drawdown (5Y) Largest decline over 5 years	-32.31%	-18.06%	-14.25%
Max Drawdown (10Y) Largest decline over 10 years	-56.80%	-58.04%	+1.24%
Current Drawdown Current decline from peak	-6.03%	-4.55%	-1.48%
Average Drawdown Average peak-to-trough decline	-19.83%	-10.13%	-9.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.09%	2.43%	+6.66%

Volatility

DMLP vs. EPD - Volatility Comparison

Dorchester Minerals, L.P. (DMLP) has a higher volatility of 9.07% compared to Enterprise Products Partners L.P. (EPD) at 6.55%. This indicates that DMLP's price experiences larger fluctuations and is considered to be riskier than EPD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DMLP	EPD	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.07%	6.55%	+2.52%
Volatility (6M) Calculated over the trailing 6-month period	17.36%	13.28%	+4.08%
Volatility (1Y) Calculated over the trailing 1-year period	22.91%	15.98%	+6.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.03%	17.23%	+12.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.79%	24.16%	+7.63%

Dividends

DMLP vs. EPD - Dividend Comparison

DMLP's dividend yield for the trailing twelve months is around 9.03%, more than EPD's 5.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DMLP Dorchester Minerals, L.P.	9.03%	12.41%	10.46%	10.67%	11.68%	7.75%	12.75%	10.32%	11.87%	7.60%	4.88%	11.67%
EPD Enterprise Products Partners L.P.	5.76%	6.74%	6.63%	7.51%	7.79%	8.20%	9.09%	6.23%	6.97%	6.29%	5.88%	5.90%

Financials

DMLP vs. EPD - Profitability Comparison

The chart below illustrates the profitability comparison between Dorchester Minerals, L.P. and Enterprise Products Partners L.P. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

DMLP - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Dorchester Minerals, L.P. reported a gross profit of 0.00 and revenue of 58.88M. Therefore, the gross margin over that period was 0.0%.

EPD - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Enterprise Products Partners L.P. reported a gross profit of 1.88B and revenue of 14.39B. Therefore, the gross margin over that period was 13.1%.

DMLP - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Dorchester Minerals, L.P. reported an operating income of 0.00 and revenue of 58.88M, resulting in an operating margin of 0.0%.

EPD - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Enterprise Products Partners L.P. reported an operating income of 1.82B and revenue of 14.39B, resulting in an operating margin of 12.6%.

DMLP - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Dorchester Minerals, L.P. reported a net income of 29.14M and revenue of 58.88M, resulting in a net margin of 49.5%.

EPD - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Enterprise Products Partners L.P. reported a net income of 1.48B and revenue of 14.39B, resulting in a net margin of 10.3%.

Frequently Asked Questions

Can I hold both DMLP and EPD in my portfolio?

DMLP and EPD have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DMLP or EPD?

DMLP has higher volatility (9.07%) compared to EPD (6.55%). In terms of maximum drawdown, DMLP dropped -72.35% vs EPD's -58.78%.

Which has better risk-adjusted returns?

EPD currently has the higher Sharpe Ratio (1.82 vs 0.50), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.