Kimbell Royalty Partners reports developments tied to its oil and natural gas mineral and royalty interests across major U.S. onshore basins. The partnership receives royalty revenue from operators' sales of oil, natural gas and NGL production, with updates commonly addressing production, drilling activity on its acreage, basin exposure, and results from its diversified mineral and royalty portfolio.
News also covers cash distributions to common unitholders, debt repayment and secured revolving credit facility activity, common unit repurchase authorization, annual report filings, and scheduled earnings releases and conference calls.
Kimbell Royalty Partners (KRP) will release its third quarter 2026 financial results and declare its Q3 2026 distribution on Thursday, November 5, 2026, before the market opens.
A conference call and live Internet webcast will follow the same day at 10:00 a.m. Central (11:00 a.m. Eastern). Investors can join by phone at 201-389-0869 or via webcast from the Events and Presentations page of Kimbell's investor relations website, with replays available through November 12, 2026 for the phone line and shortly after the call for the webcast.
Kimbell Royalty Partners (NYSE: KRP) issued updated guidance for the third and fourth quarters of 2026 following the closing of two mineral and royalty acquisitions: the Mesa Acquisition valued at approximately $145.9 million and the Drop Down valued at approximately $221.2 million.
For Q3 2026, Kimbell guides to net production of 26.5–29.5 Mboe/d, with oil comprising 32%–36% of volumes, natural gas 43%–47%, and NGLs 19%–23%. Q4 2026 net production is guided higher at 27.7–30.7 Mboe/d with the same commodity mix ranges. The company expects record daily production, representing midpoint increases of 10% for Q3 and 15% for Q4 over prior 2026 guidance midpoints, and a higher oil mix led by Permian assets.
Unit cash G&A is projected at $2.35–$2.55/boe in Q3 and $2.25–$2.45/boe in Q4, reflecting reduced expected cash G&A per Boe. Depreciation and depletion are guided at $13.00–$20.00/boe, marketing deductions at $1.45–$2.25/boe, and production and ad valorem taxes at 6%–8% of oil, natural gas and NGL revenues.
Kimbell is entitled to cash flow from the acquired interests effective June 1, 2026, with GAAP revenues recognized from June 22, 2026 for Mesa and August 21, 2026 for the Drop Down. The company plans a 75% payout ratio of projected cash available for distribution each quarter and to allocate the remaining 25% toward paying down borrowings under its secured revolving credit facility.
Kimbell Royalty Partners (NYSE: KRP) closed its previously announced “Drop Down” acquisition of mineral and royalty interests from affiliated sellers in a cash-and-unit deal valued at approximately $221.2 million. The consideration includes $74.9 million in cash (about 34%) and 9.5 million OpCo common units valued at roughly $146.3 million.
Kimbell is entitled to all cash flow from production attributable to the Drop Down effective June 1, 2026, while GAAP revenues and operating statistics will be recorded starting the closing date of August 21, 2026. As of June 1, 2026, the acquired assets are estimated to produce about 2,347 Boe/d and cover over 3 million gross acres with more than 29,000 gross producing wells across the Eagle Ford, Permian, Mid-Con and Appalachia.
Kimbell Royalty Partners (NYSE: KRP) reported record Q2 2026 results, including average daily production of 25,830 Boe/d (6:1) and record oil, natural gas and NGL revenues of $103.0 million. Total revenues were $112.5 million, with net income of $47.3 million and net income attributable to common units of $38.4 million, or $0.40 per common unit.
Consolidated Adjusted EBITDA reached a record $84.9 million. Kimbell declared a Q2 2026 cash distribution of $0.47 per common unit, a 15% increase from Q1 2026, reflecting a 75% payout ratio and implying a 13.0% annualized yield at the August 6, 2026 unit price. The company repurchased and cancelled 500,000 common units for about $7.4 million and increased its secured revolving credit facility borrowing base and commitments from $625 million to $660 million, ending the quarter with $478.7 million of debt and net debt to trailing twelve month consolidated Adjusted EBITDA of approximately 1.4x.
Kimbell Royalty Partners (NYSE: KRP) agreed to acquire certain oil and gas royalty interests from affiliated sellers for approximately $215.4 million in a drop down transaction expected to close on or around August 21, 2026, subject to customary conditions.
The consideration includes $74.9 million in cash (about 35%) and 9.5 million newly issued OpCo common units valued at $140.5 million, with standard closing and post-closing adjustments. The assets comprise about 2,568 Net Royalty Acres (20,547 NRA normalized to 1/8th) across the Eagle Ford, Permian, Mid-Con and Appalachia, with expected Q3 2026 average daily production of 2,347 boe/d. According to Kimbell, the multi-basin portfolio covers over 3 million gross acres, more than 29,000 gross producing wells, near-term growth backed by 9 active rigs and 177 DUCs and permits, and a shallow 13% production decline, and is expected to be immediately accretive to distributable cash flow per unit.
Kimbell Royalty Partners (NYSE:KRP) closed a Permian Basin mineral and royalty acquisition from Mesa Royalties valued at approximately $145.9 million. Consideration includes $44.0 million cash and ~6.9 million newly issued OpCo common units valued at $101.9 million.
The Acquired Assets cover about 711 Net Royalty Acres (5,691 NRA normalized to 1/8th) across 16 Permian counties, with 70% in the Delaware Basin and 30% in the Midland Basin. Kimbell is entitled to all cash flow from production since June 1, 2026, with GAAP revenues recognized from the June 22, 2026 closing date. For the next 12 months from June 1, 2026, Kimbell estimates production of approximately 1,390 Boe/d, including 754 Bbl/d of oil, 315 Bbl/d of NGLs, and 1,928 Mcf/d of natural gas.
Kimbell Royalty Partners (NYSE:KRP) will release its second quarter 2026 earnings and declare its Q2 2026 distribution on Friday, August 7, 2026, before the market opens.
A live earnings conference call and webcast are scheduled for the same day at 10:00 a.m. Central (11:00 a.m. Eastern).
Kimbell Royalty Partners (NYSE: KRP) agreed to acquire Permian Basin mineral and royalty interests from Mesa Royalties in a transaction valued at approximately $147 million, funded 70% with newly issued OpCo units and 30% cash.
The deal adds estimated $23.3 million next-twelve-month cash flow, around 1,390 Boe/d production, over 2,300 producing wells, 600+ undeveloped locations, and is expected to be immediately accretive to distributable cash flow per unit.
Kimbell Royalty Partners (NYSE: KRP) reported Q1 2026 results: run-rate production of 25,522 Boe/d, revenues of $82.9 million, consolidated Adjusted EBITDA of $68.0 million and net income of approximately $6.9 million. The Board declared a $0.41 per-unit cash distribution payable May 27, 2026 and repurchased 500,000 common units for ~$7.3 million.
As of March 31, 2026, Kimbell had $440.9 million outstanding on its revolving credit facility, net debt/TTM Adjusted EBITDA of ~1.6x, and 85 rigs active on its acreage (~16% U.S. land rig share).
Kimbell Royalty Partners (NYSE: KRP) will release first quarter 2026 financial results on Thursday, May 7, 2026, before the market opens. The company will declare its Q1 2026 distribution concurrent with the release.
A live conference call and webcast will be held the same day at 10:00 a.m. Central / 11:00 a.m. Eastern. Replay by phone will be available through May 14 with conference ID 13759315#. Webcast access is via the company's Events and Presentations investor relations page; participants are asked to log in at least 10 minutes early.
Kimbell owns mineral and royalty interests in more than 133,000 gross wells across 28 states.