Kimbell OKs $100M common unit buyback plan

Kimbell Royalty Partners approved a common unit repurchase program allowing it to buy back up to $100 million of its outstanding common units.

Rhea-AI Filing Summary

Kimbell Royalty Partners approved a common unit repurchase program allowing it to buy back up to $100 million of its outstanding common units. The program runs through December 31, 2027 and repurchases may be made in the open market or through privately negotiated transactions.

Kimbell plans to fund these repurchases with cash on hand, free cash flow from operations or permitted borrowings under its revolving credit facility. The board of directors may suspend, modify, extend or discontinue the program, and any purchases will follow Rule 10b-18 and depend on market and legal conditions.

Insights

Equity & Capital Allocation Analyst

Kimbell authorizes up to $100 million in unit buybacks through 2027.

Kimbell Royalty Partners introduced a common unit repurchase program of up to $100 million, authorized through December 31, 2027. Repurchases can be executed in the open market under Rule 10b-18 or via privately negotiated deals, giving the partnership flexibility in how it transacts.

Funding sources include cash on hand, free cash flow from operations and permitted borrowings under its revolving credit facility. The board can suspend, modify, extend or discontinue the program, so actual activity will depend on future market conditions, liquidity and board decisions rather than this authorization alone.

8-K Event Classification

Item 8.01 — Other Events

1 item

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What repurchase program did Kimbell Royalty Partners (KRP) approve?

Kimbell Royalty Partners approved a common unit repurchase program authorizing buybacks of up to $100 million of its outstanding common units. The program provides flexibility for open-market and privately negotiated purchases, subject to legal requirements, contracts, and market conditions.

How long will Kimbell Royalty Partners’ $100 million repurchase program run?

The repurchase program for up to $100 million of common units is authorized to extend through December 31, 2027. During this period, Kimbell may conduct buybacks opportunistically, depending on market conditions and other factors described by the partnership.

How will Kimbell Royalty Partners (KRP) fund its unit repurchases?

Kimbell plans to fund repurchases using cash on hand, free cash flow from operations, or permitted borrowings under its revolving credit facility. This mix allows flexibility while relying primarily on internally generated cash, supplemented by available credit if needed.

Can Kimbell Royalty Partners change or suspend its repurchase program?

Yes. The board of directors may temporarily suspend, modify, extend or discontinue the repurchase program at any time. This means the authorization does not guarantee a fixed pace or total amount of repurchases over the program’s life.

What methods can Kimbell use to repurchase its common units?

Kimbell may repurchase units in the open market in compliance with Rule 10b-18 under the Exchange Act or through privately negotiated transactions. All purchases will remain subject to applicable legal requirements, contractual obligations, market conditions and other relevant factors.

Does Kimbell Royalty Partners have to complete the full $100 million in buybacks?

No. The authorization permits up to $100 million of repurchases but does not obligate Kimbell to use the full amount. Actual repurchases will depend on market conditions, available cash, borrowing capacity and future board decisions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/09/2026 - 04:46 PM Learn about SEC filing dates

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (date of earliest event reported): March 6, 2026

Kimbell Royalty Partners, LP

(Exact name of registrant as specified in its charter)

Delaware		1-38005		47-5505475
(State or other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

777 Taylor Street, Suite 810 Fort Worth, Texas		76102
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (817) 945-9700

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2):

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to 12(b) of the Act:

Title of each class:		Trading symbol(s):		Name of each exchange on which registered:
Common Units Representing Limited Partnership Interests		KRP		New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company           ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.      ¨

Item 8.01. Other Events.

On March 6, 2026, the board of directors (the “Board”) of the general partner of Kimbell Royalty Partners, LP, a Delaware limited partnership (“Kimbell”) approved a common unit repurchase program (the “Repurchase Program”). The Repurchase Program allows Kimbell to acquire up to $100 million of its outstanding common units. The Repurchase Program is authorized to extend through December 31, 2027 and 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. The Repurchase Program may be temporarily suspended, modified, extended or discontinued by the Board. 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, or privately negotiated transactions, and will be subject to market conditions, applicable legal requirements, contractual obligations and other factors.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	KIMBELL ROYALTY PARTNERS, LP
	By:	Kimbell Royalty GP, LLC,
		its general partner
	By:	/s/ Matthew S. Daly
		Matthew S. Daly
		Chief Operating Officer
Date: March 9, 2026

Filing Exhibits & Attachments

3 documents

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 2.9 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 33.4 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 21.8 KB