I have played over 500 hours with my wife (Both of us with controllers). This problem has existed since day 1 of release. Back then we only got my dialogue (As Player 2) and both companion dialogues.
A few months ago we suddenly thought it was fixed, but alas, now we only got Player 1's dialogue, mine got skipped completely.
Without any companions in the party it works fine.
We're about to start up a new campaign soonish and it would be awesome to experience the game with dual dialogue.
Would love to hear from Larian if it's something they're aware of and the scale of the problem.