Welcome to our dedicated page for Kimbell Royalty Partners, LP SEC filings (Ticker: KRP), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Kimbell Royalty Partners filings document the partnership's oil and natural gas mineral and royalty business, its NYSE-listed common units representing limited partner interests, and disclosures made through its general partner governance structure. Current reports commonly furnish quarterly and annual operating results, Regulation FD investor presentations, and updates on production, royalty revenue, distributions and acreage activity.
The filing record also covers capital structure matters such as the senior secured reserve-based revolving credit facility, amendments to credit agreements, permitted borrowings, and common unit repurchase authorization. Annual and current reports provide formal disclosure on financial condition, audited financial statements, material agreements, and the partnership's obligations as a Delaware limited partnership.
Kimbell Royalty Partners, LP (KRP) is registering the resale by selling unitholders of up to 9,500,000 common units representing limited partner interests. These units were issued on August 21, 2026 in a private placement tied to a mineral and royalty asset purchase and sale agreement. The selling unitholders may dispose of the units from time to time using various methods, and Kimbell will not receive any proceeds from these sales. Kimbell’s common units trade on the NYSE under the symbol KRP and sit alongside Class B units and Series A Preferred Units, which carry a 6.0% per annum cumulative quarterly distribution and priority over common units and Class B units for distributions. The partnership’s cash distribution policy is based on “available cash,” generally linked to Adjusted EBITDA after debt service, obligations and reserves.
Kimbell Royalty Partners, LP (KRP) has filed a shelf registration to permit selling unitholders to resell up to 9,500,000 common units that were issued in an August 21, 2026 private placement tied to a mineral and royalty asset purchase agreement. These are secondary sales; Kimbell will not receive any proceeds from the selling unitholders’ transactions.
The prospectus uses a shelf registration process, allowing sales from time to time through various methods. Kimbell describes its business as owning mineral and royalty interests across the U.S., receiving a share of production revenues without funding drilling or operating costs. The document details its capital structure, including common units, Class B units with a 2.0% quarterly distribution preference on contributed capital, and Series A Preferred Units with a 6.0% cumulative distribution and senior ranking. Distributions are based on “available cash” as determined by the Board and are subject to debt covenants and other limitations. The filing emphasizes risk factors, forward-looking uncertainties, and the complex rights of preferred and Class B holders ahead of common units.
Kimbell Royalty Partners, LP (KRP) received an initial ownership report from several Rivercrest- and Cupola-affiliated entities as ten percent owners. The filing lists indirect holdings of OpCo Common Units and matching Class B Units, which have no economic rights but each provide one vote and, together with an equivalent number of OpCo Common Units, are exchangeable on a one-for-one basis into Common Units or, at OpCo’s election, for cash.
Reported indirect positions include 8,000,179 OpCo Common Units and 8,000,179 Class B Units held via Rivercrest Capital Partners LP, 4,075,500 of each via Rivercrest Capital Partners II LP, and 500,880 of each via Cupola Royalty Direct LLC, with related general partners (RCP GP, RCP II GP and Cupola GP) deemed to share beneficial ownership.
Kimbell Royalty Partners, LP (KRP) reports that Rivercrest-affiliated investment entities have updated their ownership disclosure on Schedule 13D/A following a significant acquisition transaction. On August 21, 2026, Kimbell and certain affiliates acquired specified mineral and royalty interests and partnership interests in OGM Partners I and RCPTX, Ltd. for approximately $75.0 million in cash and the issuance to Rivercrest Capital Partners LP, Rivercrest Capital Partners II LP, and Cupola Royalty Direct LLC of 9.5 million Opco Units of Kimbell Royalty Operating, LLC and an equal number of Class B units of Kimbell.
Each Opco Unit, together with an associated Class B unit, is exchangeable for one Kimbell common unit. As of this filing, ownership figures are based on 100,895,984 common units outstanding. Rivercrest Capital Partners LP reports beneficial ownership of 8,000,179 exchangeable units (about 7.3% of the class), Rivercrest Capital Partners II LP reports 4,075,500 (about 3.9%), and Cupola Royalty Direct LLC reports 500,880 (about 0.5%), with related general partners deemed to share beneficial ownership.
The Rivercrest reporting group states that it will continuously review its investment, may buy or sell additional securities, and may discuss with Kimbell’s management and board a range of potential actions, including extraordinary corporate transactions, changes in capitalization or distribution policy, asset sales or acquisitions, and possible changes in management or board composition.
Kimbell Royalty Partners, LP (KRP) reported that its Controller, Blayne Rhynsburger, sold 4,524 common units representing limited partner interests on 2026-08-25 in a sale in open market or private transaction at a price of $15.08 per unit. After this sale, Rhynsburger directly holds 70,639 common units.
Kimbell Royalty Partners, LP (KRP) completed a dropdown acquisition of mineral and royalty interests and related assets from affiliated sellers valued at approximately $221.2 million, consisting of $74.9 million in cash and 9.5 million OpCo common units. The transaction is effective June 1, 2026, with GAAP revenues recognized from the August 21, 2026 closing date.
The acquired portfolio covers over 3 million gross acres and about 29,000 gross producing wells and is estimated, as of June 1, 2026, to produce roughly 2,347 Boe/d (841 Bbl/d oil, 569 Bbl/d NGLs, 5,624 Mcf/d gas). Kimbell entered a registration rights agreement obligating it to file a shelf registration statement for resales of common units issuable from the 9.5 million OpCo units and corresponding Class B units within 5 business days of closing and to seek effectiveness within 120 days.
Kimbell also updated 2026 guidance to reflect this dropdown and the earlier Mesa Royalties acquisition. For Q3 2026, net production is guided to 26.5–29.5 Mboe/d, and for Q4 2026 to 27.7–30.7 Mboe/d, with a target 75% payout ratio of projected cash available for distribution and use of the remaining 25% each quarter to reduce borrowings under its secured revolving credit facility.
Kimbell Royalty Partners focuses on owning mineral and royalty interests in U.S. oil and gas properties. For the quarter ended June 30, 2026, it generated total revenues of about $112.5 million, up from $86.5 million a year earlier, and net income of $47.3 million versus $26.7 million. Net income attributable to common units rose to $38.4 million, with basic and diluted earnings per common unit of $0.40 compared with $0.02. For the first half of 2026, net income attributable to common units was $42.4 million versus $19.9 million in 2025.
Total assets were $1.33 billion at June 30, 2026, including $1.21 billion in oil and natural gas properties, and long-term debt of $478.7 million under a secured revolving credit facility whose borrowing base and elected commitments increased to $660.0 million. Operating cash flow for the first half was $117.7 million. The Mesa Acquisition of mineral and royalty interests closed in June 2026 for approximately $146.1 million, funded partly with $44.0 million of borrowings and 6,929,000 OpCo common units plus an equal number of Class B units. The partnership also authorized a $100 million unit repurchase program and bought back 1,000,000 common units in the first half, while declaring a second‑quarter 2026 cash distribution of $0.47 per common unit and approximately $2.4 million on its Series A preferred units.
Kimbell Royalty Partners reported record second quarter 2026 results, with total revenues of $112.5 million, including oil, natural gas and NGL revenues exceeding $100 million for the first time. Net income was $47.3 million, or $0.40 per common unit, and consolidated Adjusted EBITDA reached $84.9 million. Average daily production was 25,830 Boe/d, 53% liquids and 47% natural gas.
The board approved a Q2 2026 cash distribution of $0.47 per common unit, a 15% increase from Q1 2026 and equal to 75% of cash available for distribution. Cash available for distribution was $59.98 million, or $0.59 per common unit. Approximately 47% of the distribution is expected to be treated as tax-advantaged return of capital, and the annualized yield was cited at 13.0% based on the August 6, 2026 closing price.
Kimbell increased the borrowing base and commitments on its secured revolving credit facility from $625 million to $660 million, ending the quarter with $478.7 million of debt, $433.8 million of net debt and a net debt to trailing twelve month consolidated Adjusted EBITDA ratio of 1.4x. The company repurchased and cancelled 500,000 common units for about $7.4 million and reported 91 rigs active on its acreage, representing roughly 16% of U.S. land rig activity, while announcing over $360 million of acquisitions in the last 90 days.
Kimbell Royalty Partners entered into a Purchase and Sale Agreement to acquire mineral and royalty interests and additional stakes in OGM Partners I and RCPTX from affiliated sellers in a dropdown transaction. Aggregate consideration includes approximately $75 million in cash plus 9,500,000 Opco Common Units and an equal number of Class B Units, issued via private placement under Section 4(a)(2). A related news release describes the dropdown value at approximately $215.4 million. Closing is subject to customary conditions, is expected on or about August 21, 2026, and is effective as of June 1, 2026. Sellers are subject to a 90‑day lockup, and Kimbell will file a shelf registration for resale of the exchangeable common units shortly after closing.
The acquired assets cover over 2,568 net royalty acres (20,547 NRA at 1/8th) concentrated in the Eagle Ford, Permian, Mid-Con and Appalachia basins. For third quarter 2026, Kimbell estimates production of 2,347 Boe/d, including 841 Bbl/d of oil, 569 Bbl/d of NGLs and 5,624 Mcf/d of natural gas, supported by 9 active rigs, 177 gross drilled but uncompleted wells and permits, and over 29,000 gross producing wells in surrounding areas, with an estimated shallow production decline of 13%. The dropdown was approved by the independent Conflicts and Compensation Committee and the board, and Kimbell cautions that closing and anticipated benefits are not assured.