Every 8-K that Kimbell Royalty Partners, LP (KRP) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow KRP and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full KRP filings page.
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 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.
Kimbell Royalty Partners completed a cash-and-unit acquisition of Permian Basin mineral and royalty interests from Mesa Royalties valued at approximately $145.9 million. The purchase price includes $44.0 million in cash and about 6.9 million newly issued OpCo common units, with associated Class B units exchangeable into Kimbell common units.
Kimbell will record revenues from the acquired assets beginning on the June 22, 2026 closing date and is entitled to cash flow from production effective June 1, 2026. The company estimates the assets will produce roughly 1,390 Boe/d, mainly oil, across 16 Permian counties totaling about 711 Net Royalty Acres.
Kimbell also entered into a registration rights agreement, committing to file a shelf registration statement to facilitate potential resales of common units issuable upon exchange of the OpCo and Class B units received by the sellers.
Kimbell Royalty Partners agreed to acquire mineral and royalty interests in the Permian Basin from Mesa Royalties in a cash-and-equity deal valued at approximately $147.0 million, subject to adjustments. The purchase price includes $44.0 million in cash and about 6.9 million OpCo common units paired with an equal number of Kimbell Class B units.
The interests cover roughly 711 net royalty acres with an estimated 7.67 MMBoe of proved reserves and expected production of about 1,390 Boe/d as of June 1, 2026. Kimbell estimates 93% of first-year cash flow from proved developed producing and non-producing wells, supported by 13 active rigs and 364 gross drilled but uncompleted wells on the assets.
The equity issued in the transaction will be privately placed under a Securities Act exemption, with a 30‑day lock-up and future resale registered via a planned shelf registration statement. Closing is subject to customary conditions and is expected in the second quarter of 2026 with an effective date of June 1, 2026.
Kimbell Royalty Partners reported first quarter 2026 revenue of $65.5 million, down from $84.2 million a year earlier, with net income falling to $6.9 million from $25.9 million. Net income attributable to common units was $4.0 million, or $0.04 per common unit.
Run-rate daily production averaged 25,522 Boe/d, 53% liquids and 47% natural gas, supported by 85 active rigs representing about 16% of the U.S. land rig count. Realized prices were $70.61/Bbl for oil, $3.32/Mcf for gas and $24.43/Bbl for NGLs, leading to a combined realized price of $37.02/Boe.
Consolidated Adjusted EBITDA was $68.0 million, with cash available for distribution on common units of $53.0 million, or $0.54 per common unit. The Board approved a cash distribution of $0.41 per common unit, with 25% of cash available for distribution used to repay about $14.5 million on the secured revolving credit facility.
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.
Kimbell Royalty Partners reported solid Q4 and full-year 2025 results, highlighting growth, balance sheet strength and a higher payout. Fourth quarter 2025 revenues were $82.5 million with net income of $24.8 million, while full-year net income reached $99.7 million on $333.8 million of revenue.
Q4 average daily production was 26,643 Boe/d, including 25,627 Boe/d of run-rate volumes, and proved developed reserves rose about 8% year-over-year to 72.9 MMBoe. The company declared a Q4 2025 cash distribution of $0.37 per common unit, up 6% from Q3, representing 75% of cash available for distribution, and plans to apply the remaining 25% to repay roughly $13.4 million on its revolving credit facility.
As of December 31, 2025, Kimbell had $441.5 million of debt, cash of $44.0 million, net debt to trailing twelve month consolidated Adjusted EBITDA of 1.5x and $183.5 million of undrawn revolver capacity. Management reaffirmed a $625 million borrowing base with lower borrowing costs and extended the revolver maturity to December 2030, and issued 2026 guidance for net production of 24.0–27.0 Mboe/d with a similar commodity mix and a 75% payout ratio.
Kimbell Royalty Partners, LP entered into a Second Amended and Restated Credit Agreement providing a senior secured reserve-based revolving credit facility of up to $1,500,000,000. The facility has an initial borrowing base and elected commitments of $625.0 million, includes a $10,000,000 letter of credit sub-facility, and extends the maturity to December 16, 2030, with an earlier May 3, 2030 maturity possible if specified preferred equity, liquidity and leverage conditions are triggered.
The facility bears interest at either SOFR plus a margin of 2.50%–3.50% or a base rate plus 1.50%–2.50%, depending on borrowing base utilization, and carries a 0.375%–0.50% commitment fee on unused commitments. It is guaranteed by key subsidiaries and secured by substantially all assets, including oil and gas properties, with borrowing base redeterminations twice a year starting around May 1, 2026. The agreement includes financial covenants capping the Debt to EBITDAX Ratio at 3.5 to 1.0 and requiring a current ratio of at least 1.0 to 1.0, along with mandatory prepayments from excess cash and customary events of default that could allow lenders to accelerate repayment.
Kimbell Royalty Partners (KRP) furnished an 8-K noting a news release with its third quarter 2025 financial and operating results. The release is provided as Exhibit 99.1 and was issued on November 6, 2025.
The company also posted a “Winter 2025 Investor Presentation” on its website under Investor Relations > Events and Presentations. The information in this report, including Item 2.02, Item 7.01 and Exhibit 99.1, is furnished and not deemed filed under the Exchange Act.