Welcome to our dedicated page for Kimbell Royalty 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 director Mitch S. Wynne reported an award of 40,791 common units representing limited partner interests on 2026-02-24. The units were acquired at a stated price of $0.0000 per unit as a grant or similar award, bringing his directly held units to 309,254.
He also reports indirect ownership of additional common units, including 5,000, 4,000 and 4,000 units. Footnotes state these indirect holdings are through Kimbell GP Holdings, LLC, an IRA for his benefit, and the David Mitchell Wynne Asset Trust, where he serves as trustee.
Kimbell Royalty Partners, LP director Mitch S. Wynne reported an award of 40,791 common units representing limited partner interests on 2026-02-24. The units were acquired at a stated price of $0.0000 per unit as a grant or similar award, bringing his directly held units to 309,254.
He also reports indirect ownership of additional common units, including 5,000, 4,000 and 4,000 units. Footnotes state these indirect holdings are through Kimbell GP Holdings, LLC, an IRA for his benefit, and the David Mitchell Wynne Asset Trust, where he serves as trustee.
Kimbell Royalty Partners, LP reported that Chief Operating Officer Matthew S. Daly acquired 112,200 common units representing limited partner interests on February 24, 2026 through a grant or award at a price of $0.00 per unit. Following this award, his direct holdings increased to 795,043 common units, reflecting a larger equity stake tied to his executive role.
Kimbell Royalty Partners, LP reported that Chief Operating Officer Matthew S. Daly acquired 112,200 common units representing limited partner interests on February 24, 2026 through a grant or award at a price of $0.00 per unit. Following this award, his direct holdings increased to 795,043 common units, reflecting a larger equity stake tied to his executive role.
Kimbell Royalty Partners, LP director Erik B. Daugbjerg reported an equity award of 14,108 common units representing limited partner interests. The units were acquired as a grant at a reported price of $0.00 per unit, increasing his directly held stake to 120,098.775 common units following the transaction.
Kimbell Royalty Partners, LP director Erik B. Daugbjerg reported an equity award of 14,108 common units representing limited partner interests. The units were acquired as a grant at a reported price of $0.00 per unit, increasing his directly held stake to 120,098.775 common units following the transaction.
Kimbell Royalty Partners, LP director Craig Stone reported an equity award on a Form 4. He acquired 14,108 common units representing limited partner interests at a stated price of $0.00 per unit. Following this grant, his direct holdings increased to 90,296 common units.
Kimbell Royalty Partners, LP director Craig Stone reported an equity award on a Form 4. He acquired 14,108 common units representing limited partner interests at a stated price of $0.00 per unit. Following this grant, his direct holdings increased to 90,296 common units.
Taylor Brett G. reported acquisition or exercise transactions in this Form 4 filing.
Kimbell Royalty Partners director Brett G. Taylor reported an equity award and ownership changes in common units representing limited partner interests. On February 24, 2026, he received a grant of 142,196 common units at a reported price of $0.00 per unit, increasing his direct holdings to 688,191 units.
A footnote states that 64,318 common units were transferred by Taylor to the Brett G. Taylor Royalty Trust, changing those units from direct to indirect beneficial ownership. Indirect holdings after the transactions include 313,348 units in the Brett G. Taylor Royalty Trust, 27,999 units in BGT Minerals, LLC, 10,000 units in Kimbell GP Holdings, LLC, and 2,172 units in BRD Royalty Holdings LLC.
Taylor Brett G. reported acquisition or exercise transactions in this Form 4 filing.
Kimbell Royalty Partners director Brett G. Taylor reported an equity award and ownership changes in common units representing limited partner interests. On February 24, 2026, he received a grant of 142,196 common units at a reported price of $0.00 per unit, increasing his direct holdings to 688,191 units.
A footnote states that 64,318 common units were transferred by Taylor to the Brett G. Taylor Royalty Trust, changing those units from direct to indirect beneficial ownership. Indirect holdings after the transactions include 313,348 units in the Brett G. Taylor Royalty Trust, 27,999 units in BGT Minerals, LLC, 10,000 units in Kimbell GP Holdings, LLC, and 2,172 units in BRD Royalty Holdings LLC.
Kimbell Royalty Partners, LP files its Annual Report describing a large, diversified oil and gas royalty portfolio with no drilling or operating cost obligations. The partnership owns mineral and royalty interests in about 12.3 million gross acres and overriding royalty interests in about 4.7 million gross acres across 28 U.S. states, covering more than 133,000 wells.
As of December 31, 2025, proved developed reserves totaled 72,944 MBoe, 51.2% liquids. 2025 production was 9.4 million Boe, or 25,760 Boe/d, with revenue sourced 62% from oil, 25% from natural gas and 13% from NGLs. Average realized prices were $63.84/Bbl for oil, $2.93/Mcf for gas and $23.15/Bbl for NGLs.
The business model emphasizes growing cash distributions through acquisitions and ongoing development by working interest operators such as ConocoPhillips and other majors, with the top ten operators providing 47.1% of revenues. The partnership has a $625 million revolving credit facility and repaid $56.5 million in 2025, which reduced cash available for distribution. Distributions on common units are not guaranteed and are structurally subordinated to preferred and Class B unit distributions and sensitive to commodity prices.
Kimbell Royalty Partners, LP files its Annual Report describing a large, diversified oil and gas royalty portfolio with no drilling or operating cost obligations. The partnership owns mineral and royalty interests in about 12.3 million gross acres and overriding royalty interests in about 4.7 million gross acres across 28 U.S. states, covering more than 133,000 wells.
As of December 31, 2025, proved developed reserves totaled 72,944 MBoe, 51.2% liquids. 2025 production was 9.4 million Boe, or 25,760 Boe/d, with revenue sourced 62% from oil, 25% from natural gas and 13% from NGLs. Average realized prices were $63.84/Bbl for oil, $2.93/Mcf for gas and $23.15/Bbl for NGLs.
The business model emphasizes growing cash distributions through acquisitions and ongoing development by working interest operators such as ConocoPhillips and other majors, with the top ten operators providing 47.1% of revenues. The partnership has a $625 million revolving credit facility and repaid $56.5 million in 2025, which reduced cash available for distribution. Distributions on common units are not guaranteed and are structurally subordinated to preferred and Class B unit distributions and sensitive to commodity prices.
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 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 Art Foundation filed Amendment No. 7 to its Schedule 13D on Kimbell Royalty Partners, LP, reporting beneficial ownership of 5,135,020 Common Units, or 4.8% of the class. Because its stake is now below five percent, this amendment is designated as an exit filing for the reporting person.
The reported holdings include 5,135,020 OpCo Common Units of Kimbell Royalty Operating, LLC, together with an equal number of Class B Units of the issuer, which are exchangeable on a one-for-one basis into Common Units. The percentage is based on 107,888,028 Common Units outstanding as of October 31, 2025.
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) filed its Q3 2025 10-Q reporting total revenues of $80.6 million and net income of $22.3 million. Net income attributable to common units was $17.0 million, or $0.19 per basic and diluted unit. Adjusted EBITDA attributable to KRP was $53.9 million for the quarter.
The Board declared a quarterly cash distribution of $0.35 per common unit for Q3 2025, payable November 24, 2025 to holders of record November 17, 2025. In January, KRP closed the Boren Minerals acquisition valued at approximately $230.4 million, funded by $163.6 million of equity offering proceeds and borrowings under its revolving credit facility. Long‑term debt was $448.5 million at September 30, 2025. KRP also redeemed 162,500 Series A preferred units for an aggregate $182.3 million in May. As of October 31, 2025, KRP had 93,396,488 common units and 14,491,540 Class B units outstanding.