Kimbell Royalty Partners Announces $100 Million Common Unit Repurchase Program

Rhea-AI Summary

Kimbell Royalty Partners (NYSE: KRP) announced a $100 million common unit repurchase program authorized March 9, 2026. The program may run through December 31, 2027 and units repurchased will be retired. Purchases may use cash on hand, free cash flow, or permitted borrowings and may occur in the open market or via private transactions.

The Board may suspend, modify, extend or discontinue the program; purchases will follow Rule 10b-18 and be subject to market, legal and contractual conditions.

AI-generated analysis. Not financial advice.

Positive

• $100 million repurchase authorization through Dec 31, 2027
• Repurchased common units will be retired, reducing outstanding units
• Purchases may use cash on hand or free cash flow, signaling available liquidity

Negative

• Repurchases may use permitted borrowings under revolving credit facility
• Program can be suspended or discontinued at Board discretion
• Purchases subject to market conditions and legal requirements, limiting execution certainty

News Market Reaction – KRP

-1.26%

1 alert

-1.26% News Effect

On the day this news was published, KRP declined 1.26%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Repurchase authorization: $100 million Current price: $14.30 Volume today: 1,114,356 shares +5 more

8 metrics

Repurchase authorization $100 million Maximum common unit buybacks under new program

Current price $14.30 Price before buyback news, down 1.1% on the day

Volume today 1,114,356 shares Compared with 20‑day average volume of 646,805

52‑week range $10.98 – $15.12 Price 5.42% below 52‑week high, 30.24% above low

Gross wells 133,000+ wells Oil and gas mineral and royalty interests across portfolio

States covered 28 states Geographic footprint of mineral and royalty interests

Program end date December 31, 2027 Authorization period for common unit repurchases

Market capitalization $1,362,434,083 Equity value before announcement based on provided data

Market Reality Check

Price: $15.45 Vol: Volume 1,114,356 vs 20-da...

high vol

$15.45 Last Close

Volume Volume 1,114,356 vs 20-day average 646,805, indicating elevated trading activity ahead of the buyback announcement. high

Technical Shares at $14.30, trading above the 200-day MA of $13.45 and about 5.4% below the 52-week high.

Peers on Argus

KRP was down 1.1% with elevated volume, while key peers like DMLP (-1.61%), BTE ...

KRP was down 1.1% with elevated volume, while key peers like DMLP (-1.61%), BTE (-1.49%), TALO (-2.65%) and VET (-2.65%) also traded lower. Scanner data, however, does not flag a coordinated sector momentum move, suggesting the authorized $100M buyback is a company-specific catalyst against a weak sector tape.

Historical Context

5 past events · Latest: Feb 26 (Neutral)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Feb 26	Annual report filing	Neutral	-1.1%	Form 10‑K filing with full audited 2025 financial statements and disclosures.
Feb 26	Q4 2025 earnings	Positive	+2.6%	Q4 revenue $76.0M, Adjusted EBITDA $64.8M, reserve growth and $0.37 distribution.
Jan 08	Earnings date set	Neutral	+0.1%	Announced Q4 2025 earnings release and conference call schedule and access details.
Dec 16	Credit facility update	Positive	+0.6%	Borrowing base reaffirmed at $625M, pricing cut by 35 bp, maturity extended to 2030.
Nov 06	Q3 2025 earnings	Positive	+0.3%	Run‑rate production 25,530 Boe/d, net income ~$22.3M, strong distributions and deleveraging.

Pattern Detected

Recent fundamentally positive updates (credit facility improvement, Q3 and Q4 results) tended to see modestly positive next-day moves, while neutral filings like the 10-K had limited impact.

Recent Company History

Over the past few months, KRP has focused on strengthening its financial profile and communication cadence. Q3 and Q4 2025 results highlighted stable production around 25,500–25,600 Boe/d, revenues in the mid‑$70M range and Adjusted EBITDA above $60M, alongside high cash distribution payouts. The Fall 2025 credit facility amendment reaffirmed a $625M borrowing base and extended maturity to Dec 16, 2030, improving pricing and flexibility. Against this backdrop, the new $100M repurchase authorization continues a capital-return and balance-sheet-focused narrative.

Market Pulse Summary

This announcement introduced a common unit repurchase program authorizing up to $100M of buybacks th...

Analysis

This announcement introduced a common unit repurchase program authorizing up to $100M of buybacks through December 31, 2027, funded by cash on hand, free cash flow, or the revolving credit facility. It adds another capital‑return lever alongside prior distributions and balance‑sheet improvements. Historically, KRP’s operational and financing updates have produced modestly constructive reactions. Investors may focus on how actively the program is utilized, board discretion over suspensions, and evolving sector conditions in oil and gas royalties.

Key Terms

free cash flow, revolving credit facility, Rule 10b-18

3 terms

free cash flow financial

"Kimbell intends to purchase common units under the repurchase program opportunistically with cash on hand, free cash flow from operations or permitted borrowings..."

Free cash flow is the amount of money a company has left over after paying all its expenses and investing in its business, like buying equipment or updating facilities. It shows how much cash is available to reward shareholders, pay down debt, or save for future growth. This helps investors understand if a company is financially healthy and able to grow.

revolving credit facility financial

"...or permitted borrowings under its revolving credit facility."

A revolving credit facility is a type of loan that a business can borrow from whenever it needs money, up to a set limit. It’s like having a credit card for companies—allowing them to borrow, pay back, and borrow again as needed, providing flexibility for managing cash flow or funding short-term expenses.

Rule 10b-18 regulatory

"Purchases under the repurchase program may be made from time to time in the open market in compliance with Rule 10b-18 under the Securities Exchange Act of 1934..."

Rule 10b-18 is a regulation that sets strict rules for how a company's executives and employees can buy back their own company's stock from the market. It helps ensure that these buybacks happen in a fair and transparent way, reducing the chance of market manipulation. This is important for investors because it offers protection against unfair practices and promotes confidence in the integrity of the stock market.

AI-generated analysis. Not financial advice.

FORT WORTH, Texas, March 9, 2026 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell"), a leading owner of oil and natural gas mineral and royalty interests in over 133,000 gross wells across 28 states, today announced that the Board of Directors of Kimbell's General Partner (the "Board") authorized the initiation of a repurchase program for up to $100 million of Kimbell's common units.

The repurchase program is authorized to extend through December 31, 2027. Kimbell intends to purchase common units under the repurchase program opportunistically with cash on hand, free cash flow from operations or permitted borrowings under its revolving credit facility. This repurchase program may be suspended from time to time, modified, extended or discontinued by the Board at any time. Purchases under the repurchase program may be made from time to time in the open market in compliance with Rule 10b-18 under the Securities Exchange Act of 1934, as amended, or in privately negotiated transactions, and will be subject to market conditions, applicable legal requirements, contractual obligations and other factors. Any common units purchased as part of this program will be retired.

About Kimbell Royalty Partners, LP

Kimbell (NYSE: KRP) is a leading oil and gas mineral and royalty company based in Fort Worth, Texas. Kimbell owns mineral and royalty interests in over 17 million gross acres in 28 states and in every major onshore basin in the continental United States, including ownership in more than 133,000 gross wells. To learn more, visit http://www.kimbellrp.com.

Forward-Looking Statements

This news release includes forward-looking statements. Forward-looking statements involve risks and uncertainties, including risks and uncertainties relating to Kimbell's business, prospects for growth and acquisitions and the securities markets generally, as well as risks inherent in oil and natural gas drilling and production activities, including risks with respect to potential declines in prices for oil and natural gas that could result in downward revisions to the value of proved reserves or otherwise cause operators to delay or suspend planned drilling and completion operations or reduce production levels, which would adversely impact cash flow, risks relating to the impairment of oil and natural gas properties, risk related to changes in U.S. trade policy and the impact of tariffs, risks relating to the availability of capital to fund drilling operations that can be adversely affected by adverse drilling results, production declines and declines in oil and natural gas prices, risks relating to Kimbell's ability to meet financial covenants under its credit agreement or its ability to obtain amendments or waivers to effect such compliance, risks relating to Kimbell's hedging activities, risks of fire, explosion, blowouts, pipe failure, casing collapse, unusual or unexpected formation pressures, environmental hazards, and other operating and production risks, which may temporarily or permanently reduce production or cause initial production or test results to not be indicative of future well performance or delay the timing of sales or completion of drilling operations, risks relating to delays in receipt of drilling permits, risks relating to unexpected adverse developments in the status of properties, risks relating to borrowing base redeterminations by Kimbell's lenders, risks relating to the absence or delay in receipt of government approvals or third-party consents, risks relating to acquisitions, dispositions and drop downs of assets, risks relating to Kimbell's ability to realize the anticipated benefits from and to integrate acquired assets, including the Acquired Production, risks relating to tax matters and other risks described in Kimbell's Annual Report on Form 10-K and other filings with the Securities and Exchange Commission (the "SEC"), available at the SEC's website at www.sec.gov. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this news release. Except as required by law, Kimbell undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this news release. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in Kimbell's filings with the SEC.

Contact:

Rick Black
Dennard Lascar Investor Relations
krp@dennardlascar.com 
(713) 529-6600

View original content:https://www.prnewswire.com/news-releases/kimbell-royalty-partners-announces-100-million-common-unit-repurchase-program-302707412.html

SOURCE Kimbell Royalty Partners, LP

FAQ

What did Kimbell Royalty Partners (KRP) announce on March 9, 2026 about buybacks?

Kimbell announced a $100 million repurchase program for common units authorized March 9, 2026. According to the company, the program may run through December 31, 2027, with repurchased units to be retired and purchases subject to market and legal conditions.

How will KRP fund the $100 million repurchase program?

Kimbell intends to use cash on hand, free cash flow, or permitted borrowings to fund repurchases. According to the company, borrowings would come under its revolving credit facility and purchases will depend on available liquidity and market conditions.

Will Kimbell (KRP) retire units purchased under the repurchase program?

Yes, any common units bought under the program will be retired, reducing outstanding units. According to the company, retirement of repurchased units is an explicit element of the announced program.

What is the timeline and flexibility of KRP's repurchase program?

The program is authorized to run through December 31, 2027 but may be suspended or changed by the Board. According to the company, the Board can modify, extend, or discontinue the program at any time.

How will Kimbell execute purchases under the repurchase program for KRP units?

Purchases may occur in the open market under Rule 10b-18 or via privately negotiated transactions. According to the company, execution will follow applicable legal requirements, contractual obligations, and prevailing market conditions.