DMLP vs. KRP

Last updated Apr 1, 2026

Compare and contrast key facts about Dorchester Minerals, L.P. (DMLP) and Kimbell Royalty Partners, LP (KRP).

Performance

DMLP vs. KRP - Performance Comparison

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

DMLP vs. KRP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DMLP Dorchester Minerals, L.P.	24.91%	-25.92%	16.59%	18.99%	71.68%	98.93%	-37.39%	48.52%	6.12%	-4.33%
KRP Kimbell Royalty Partners, LP	26.23%	-18.60%	20.43%	0.76%	36.93%	89.97%	-48.94%	38.62%	-8.93%	-17.25%

Fundamentals

EPS DMLP : $1.14 KRP : $0.47
PE Ratio DMLP : 23.84 KRP : 30.92
PS Ratio DMLP : 8.54 KRP : 5.19
Total Revenue (TTM) DMLP : $150.69M KRP : $333.83M
Gross Profit (TTM) DMLP : $85.68M KRP : $313.39M
EBITDA (TTM) DMLP : $121.82M KRP : $225.70M

Returns By Period

In the year-to-date period, DMLP achieves a 24.91% return, which is significantly lower than KRP's 26.23% return.

DMLP

• 1D: -2.80%
• 1M: 4.27%
• YTD: 24.91%
• 6M: 10.91%
• 1Y: 0.12%
• 3Y*: 7.23%
• 5Y*: 27.02%
• 10Y*: 20.98%

KRP

• 1D: -2.49%
• 1M: 3.52%
• YTD: 26.23%
• 6M: 12.91%
• 1Y: 15.77%
• 3Y*: 9.89%
• 5Y*: 19.73%
• 10Y*: —

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

Return for Risk

DMLP vs. KRP — Risk / Return Rank

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

DMLP

DMLP Risk / Return Rank: 39
DMLP Sharpe Ratio Rank: 42
DMLP Sortino Ratio Rank: 35
DMLP Omega Ratio Rank: 34
DMLP Calmar Ratio Rank: 42
DMLP Martin Ratio Rank: 42

KRP

KRP Risk / Return Rank: 58
KRP Sharpe Ratio Rank: 62
KRP Sortino Ratio Rank: 55
KRP Omega Ratio Rank: 54
KRP Calmar Ratio Rank: 59
KRP Martin Ratio Rank: 59

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. KRP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dorchester Minerals, L.P. (DMLP) and Kimbell Royalty Partners, LP (KRP). 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	KRP	Difference
Sharpe ratio Return per unit of total volatility	0.00	0.56	-0.56
Sortino ratio Return per unit of downside risk	0.18	0.93	-0.74
Omega ratio Gain probability vs. loss probability	1.02	1.12	-0.10
Calmar ratio Return relative to maximum drawdown	0.01	0.74	-0.73
Martin ratio Return relative to average drawdown	0.02	1.65	-1.63
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. KRP - Sharpe Ratio Comparison

The current DMLP Sharpe Ratio is 0.00, which is lower than the KRP Sharpe Ratio of 0.56. The chart below compares the historical Sharpe Ratios of DMLP and KRP, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	DMLP	KRP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.00	0.56	-0.56
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.90	0.70	+0.21
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.65	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	0.15	+0.22

Correlation

The correlation between DMLP and KRP is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

DMLP vs. KRP - Dividend Comparison

DMLP's dividend yield for the trailing twelve months is around 10.30%, less than KRP's 10.85% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DMLP Dorchester Minerals, L.P.	10.30%	12.41%	10.46%	10.67%	11.68%	7.75%	12.75%	10.32%	11.87%	7.60%	4.88%	11.67%
KRP Kimbell Royalty Partners, LP	10.85%	13.61%	10.78%	11.50%	11.26%	8.36%	11.00%	9.29%	12.22%	5.17%	0.00%	0.00%

Drawdowns

DMLP vs. KRP - Drawdown Comparison

The maximum DMLP drawdown since its inception was -72.35%, smaller than the maximum KRP drawdown of -80.91%. Use the drawdown chart below to compare losses from any high point for DMLP and KRP.

Drawdown Indicators

	DMLP	KRP	Difference
Max Drawdown Largest peak-to-trough decline	-72.35%	-80.91%	+8.56%
Max Drawdown (1Y) Largest decline over 1 year	-24.52%	-20.50%	-4.02%
Max Drawdown (5Y) Largest decline over 5 years	-32.31%	-27.58%	-4.73%
Max Drawdown (10Y) Largest decline over 10 years	-56.80%	—	—
Current Drawdown Current decline from peak	-11.07%	-2.49%	-8.58%
Average Drawdown Average peak-to-trough decline	-19.91%	-19.78%	-0.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.28%	9.19%	+3.09%

Volatility

DMLP vs. KRP - Volatility Comparison

Dorchester Minerals, L.P. (DMLP) has a higher volatility of 6.04% compared to Kimbell Royalty Partners, LP (KRP) at 5.61%. This indicates that DMLP's price experiences larger fluctuations and is considered to be riskier than KRP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DMLP	KRP	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.04%	5.61%	+0.43%
Volatility (6M) Calculated over the trailing 6-month period	17.67%	15.86%	+1.81%
Volatility (1Y) Calculated over the trailing 1-year period	24.39%	28.13%	-3.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.13%	28.52%	+1.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.22%	41.32%	-9.10%

Financials