DMLP vs. KRP
DMLP (Dorchester Minerals, L.P.) and KRP (Kimbell Royalty Partners, LP) are both stocks. Both operate in the Oil & Gas E&P industry within the Energy sector. Over the past 5 years, DMLP returned 21.91%/yr vs 14.28%/yr for KRP. At a 0.38 correlation, their price movements are largely independent.
Performance
DMLP vs. KRP - Performance Comparison
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Returns By Period
In the year-to-date period, DMLP achieves a 21.02% return, which is significantly lower than KRP's 31.73% return.
DMLP
- 1D
- 3.24%
- 1M
- -6.04%
- YTD
- 21.02%
- 6M
- 21.57%
- 1Y
- 2.66%
- 3Y*
- 6.48%
- 5Y*
- 21.91%
- 10Y*
- 16.68%
KRP
- 1D
- -0.47%
- 1M
- -3.23%
- YTD
- 31.73%
- 6M
- 34.47%
- 1Y
- 11.75%
- 3Y*
- 11.77%
- 5Y*
- 14.28%
- 10Y*
- —
DMLP vs. KRP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DMLP Dorchester Minerals, L.P. | 21.02% | -25.92% | 16.59% | 18.99% | 71.68% | 98.93% | -37.39% | 48.52% | 6.12% | -4.89% |
KRP Kimbell Royalty Partners, LP | 31.73% | -18.60% | 20.43% | 0.76% | 36.93% | 89.97% | -48.94% | 38.62% | -8.93% | -5.43% |
Correlation
The correlation between DMLP and KRP is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2017 | 0.38 |
The correlation between DMLP and KRP shifts across timeframes, from 0.38 (all time) to 0.56 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
DMLP:
$1.25B
KRP:
$1.75B
DMLP:
$1.44
KRP:
$0.60
DMLP:
17.89
KRP:
24.48
DMLP:
7.31
KRP:
5.69
DMLP:
4.20
KRP:
3.35
DMLP:
$168.54M
KRP:
$309.11M
DMLP:
$65.71M
KRP:
$319.28M
DMLP:
$110.16M
KRP:
$177.16M
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Return for Risk
DMLP vs. KRP — Risk / Return Rank
DMLP
KRP
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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DMLP | KRP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.10 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.13 | 0.58 | -0.44 |
| Martin ratioReturn relative to average drawdown | 0.31 | 1.49 | -1.17 |
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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.
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Drawdown Indicators
| DMLP | KRP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.35% | -80.91% | +8.56% |
Max Drawdown (1Y)Largest decline over 1 year | -20.01% | -20.50% | +0.49% |
Max Drawdown (3Y)Largest decline over 3 years | -32.31% | -27.58% | -4.73% |
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 DrawdownCurrent decline from peak | -13.84% | -5.41% | -8.43% |
Average DrawdownAverage peak-to-trough decline | -19.86% | -19.36% | -0.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.49% | 7.97% | +0.52% |
Volatility
DMLP vs. KRP - Volatility Comparison
Dorchester Minerals, L.P. (DMLP) has a higher volatility of 7.90% compared to Kimbell Royalty Partners, LP (KRP) at 6.53%. 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.
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Volatility by Period
| DMLP | KRP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.90% | 6.53% | +1.37% |
Volatility (6M)Calculated over the trailing 6-month period | 17.40% | 16.82% | +0.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.41% | 23.03% | +0.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.67% | 28.35% | +1.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.77% | 41.28% | -9.51% |
Dividends
DMLP vs. KRP - Dividend Comparison
DMLP's dividend yield for the trailing twelve months is around 9.84%, less than KRP's 10.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DMLP Dorchester Minerals, L.P. | 9.84% | 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 | 10.27% | 13.61% | 10.78% | 11.50% | 11.26% | 8.36% | 11.00% | 9.29% | 12.22% | 5.17% | 0.00% | 0.00% |
Financials
DMLP vs. KRP - Financials Comparison
This section allows you to compare key financial metrics between Dorchester Minerals, L.P. and Kimbell Royalty Partners, LP. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
DMLP vs. KRP - Profitability Comparison
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%.
KRP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Kimbell Royalty Partners, LP reported a gross profit of 59.66M and revenue of 65.54M. Therefore, the gross margin over that period was 91.0%.
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%.
KRP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Kimbell Royalty Partners, LP reported an operating income of 15.80M and revenue of 65.54M, resulting in an operating margin of 24.1%.
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%.
KRP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Kimbell Royalty Partners, LP reported a net income of 3.97M and revenue of 65.54M, resulting in a net margin of 6.1%.
Frequently Asked Questions
DMLP and KRP have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DMLP has higher volatility (7.90%) compared to KRP (6.53%). In terms of maximum drawdown, DMLP dropped -72.35% vs KRP's -80.91%.
KRP currently has the higher Sharpe Ratio (0.51 vs 0.11), 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.
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