Kimbell Royalty Partners (KRP)
NYSE:KRP
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Earnings Data
Report Date
Jul 30, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.24Last Year’s EPS
0.18Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a largely positive operational and financial picture: production exceeded guidance, revenues and adjusted EBITDA were strong, distributions were increased (up 11% QoQ) with favorable tax treatment for unitholders, repurchases were initiated, and leverage remains modest at ~1.6x net debt/TTM EBITDA with substantial undrawn capacity. Offset risks include commodity price volatility related to geopolitical events, temporary market valuation weakness in the stock, and uncertainty around timing and volume of M&A activity until volatility subsides. Management affirmed 2026 guidance and highlighted line-of-sight inventory and rig activity that could translate to further upside if commodity stability continues.Company Guidance
Production Beat Guidance
Run-rate production of 25,522 BOE/day in Q1 2026, which exceeded the midpoint of company guidance, demonstrating resilience of a diversified, low-decline production base.
Strong Revenues and Adjusted EBITDA
Oil, natural gas and NGL revenues totaled $82.9 million for Q1 2026; consolidated adjusted EBITDA was $68.0 million.
Distribution Increase and Tax-Advantaged Yield
Declared Q1 2026 cash distribution of $0.41 per common unit, up 11% versus Q4 2025; this distribution represents an annualized tax-advantaged yield of ~11% based on the prior close and is expected to be ~72% return of capital.
Capital Allocation and Return of Capital Policy
Distribution payout equals 75% of cash available for distribution, with the remaining 25% planned for partial repayment of revolver borrowings, reflecting a balanced allocation between returns and de-levering.
Operational Activity and Market Share
Active rig count of 85 rigs across Kimbell acreage, representing ~16% of U.S. land rigs, with material line-of-sight well inventory (two-thirds of line-of-sight wells in the Permian) and additional minor properties that could add ~20% to inventory.
Cost Discipline and Operating Leverage
Total G&A was $9.4 million in Q1; cash G&A was $5.3 million (equivalent to $2.31 per BOE), described as well below guidance and reflective of operational discipline and positive operating leverage.
Balance Sheet Strength and Liquidity
Net debt of $440.9 million under secured revolving credit facility, net debt to trailing twelve-month adjusted EBITDA of ~1.6x, and approximately $184.1 million of undrawn capacity as of 03/31/2026, indicating conservative leverage and available liquidity.
Share Repurchase Activity
Repurchased and canceled 500,000 common units for ~$7.3 million in Q1 at an average price of $14.60 per unit; management has authorization to be opportunistic with further repurchases.
Affirmed 2026 Guidance and Positive Commodity Outlook
Management reaffirmed 2026 financial and operational guidance; expects higher oil prices to support modest uptick in activity, acceleration of DUC completions, and potential upside to guidance if drilling activity increases.
KRP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
KRP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2026 | $14.59 | $14.51 | -0.55% |
Feb 26, 2026 | $13.77 | $14.13 | +2.62% |
Nov 06, 2025 | $12.46 | $12.50 | +0.30% |
Aug 07, 2025 | $13.68 | $13.36 | -2.30% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Kimbell Royalty Partners (KRP) report earnings?
Kimbell Royalty Partners (KRP) is schdueled to report earning on Jul 30, 2026, Before Open (Confirmed).
What is Kimbell Royalty Partners (KRP) earnings time?
Kimbell Royalty Partners (KRP) earnings time is at Jul 30, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is KRP EPS forecast?
KRP EPS forecast for the fiscal quarter 2026 (Q2) is 0.24.