Kimbell Royalty Partners Reports Strong First-Quarter 2026 Results

Kimbell Royalty Partners ( (KRP) ) has provided an update.

Kimbell Royalty Partners, LP, based in Fort Worth, Texas, is a leading owner of oil and natural gas mineral and royalty interests, holding stakes in over 133,000 gross wells across 28 U.S. states. The partnership earns revenue from oil, natural gas and NGL production on its acreage and positions itself as a major consolidator in the U.S. oil and natural gas royalty industry, with significant exposure to active basins such as the Permian.

Kimbell Royalty Partners reported first-quarter 2026 results on May 7, 2026, highlighted by run-rate daily production of 25,522 Boe, revenues of $82.9 million from oil, gas and NGLs, net income of $6.9 million and consolidated Adjusted EBITDA of $68 million. The partnership declared a Q1 2026 cash distribution of $0.41 per common unit, implying an 11.2% annualized yield, continued aggressive activity with 85 rigs on its acreage representing about 16% of U.S. land rigs, repurchased 500,000 common units, maintained relatively low leverage at 1.6x net debt to trailing twelve‑month Adjusted EBITDA, and affirmed its 2026 financial and operational guidance, underscoring operational efficiency and confidence in long-term value creation for unitholders.

The most recent analyst rating on (KRP) stock is a Sell with a $14.00 price target. To see the full list of analyst forecasts on Kimbell Royalty Partners stock, see the KRP Stock Forecast page.

Spark’s Take on KRP Stock

According to Spark, TipRanks’ AI Analyst, KRP is a Outperform.

The score is led by strong financial performance (notably cash generation) and an attractive valuation profile (low P/E and very high yield). Technicals are supportive with positive momentum and price above key moving averages, while the earnings call was constructive but tempered by flat 2026 production guidance and gas realization volatility.

To see Spark’s full report on KRP stock, click here.

More about Kimbell Royalty Partners

Kimbell Royalty Partners, LP, based in Fort Worth, Texas, is a leading owner of oil and natural gas mineral and royalty interests, holding stakes in over 133,000 gross wells across 28 U.S. states. The partnership earns revenue from oil, natural gas and NGL production on its acreage and positions itself as a major consolidator in the U.S. oil and natural gas royalty industry, with significant exposure to active basins such as the Permian.

Kimbell Royalty Partners reported first-quarter 2026 results on May 7, 2026, highlighted by run-rate daily production of 25,522 Boe, revenues of $82.9 million from oil, gas and NGLs, net income of $6.9 million and consolidated Adjusted EBITDA of $68 million. The partnership declared a Q1 2026 cash distribution of $0.41 per common unit, implying an 11.2% annualized yield, continued aggressive activity with 85 rigs on its acreage representing about 16% of U.S. land rigs, repurchased 500,000 common units, maintained relatively low leverage at 1.6x net debt to trailing twelve‑month Adjusted EBITDA, and affirmed its 2026 financial and operational guidance, underscoring operational efficiency and confidence in long-term value creation for unitholders.

Average Trading Volume: 787,045

Technical Sentiment Signal: Strong Buy

Current Market Cap: $1.79B

Find detailed analytics on KRP stock on TipRanks’ Stock Analysis page.