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Kimbell Royalty Partners Lp (KRP)
NYSE:KRP
Earnings Data
Report Date
Apr 30, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.17Last Year’s EPS
0.26Same Quarter Last Year
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented multiple strong operational and financial achievements — record proved developed reserves (≈+8%), higher quarterly distribution (+6%), solid Q4 revenues ($76M) and adjusted EBITDA ($64.8M), an improved credit facility and conservative leverage (~1.5x net debt/TTM EBITDA). Challenges noted were limited near-term production growth (2026 guidance flat vs. 2025), seasonal gas realization headwinds (natural gas differential widened from 18% to 24% in Q4), modestly higher maintenance well count after an acquisition, and remaining mezzanine capital that management plans to address opportunistically. Overall, the positive operational momentum, balance sheet actions and tax-efficient distributions outweigh the highlighted near-term pricing and capital-structure considerations.Company Guidance
Strategic Acquisition Strengthens Permian Exposure
Completed a $230 million acquisition of mineral and royalty interests beneath the Mabee Ranch (Midland Basin) in 2025, reinforcing the Permian as the company's leading area for production, activity and inventory.
Distribution Growth and Tax-Efficient Returns
Declared Q4 2025 cash distribution of $0.37 per common unit, up 6% from Q3 2025. Full-year distributions totaled $1.60 per common unit, 100% classified as return of capital (no dividend income taxes). Q4 distribution represents ~75% of cash available for distribution.
Record Reserves and Stable Production
Proved developed reserves increased approximately 8% in 2025 to a record ~73 million Boe. Q4 run rate production was 25,627 Boe/d, exceeding the midpoint of guidance; 2026 production guidance midpoint remains stable at 25,500 Boe/d.
Strong Q4 Financial Performance
Q4 oil, natural gas and NGL revenues totaled $76.0 million and consolidated adjusted EBITDA was $64.8 million. Cash G&A in Q4 was $6.2 million (cash G&A $2.63 per Boe), and full-year cash G&A was $2.51 per Boe (below the midpoint of guidance).
Improved Capital Structure and Liquidity
Amended credit agreement (Dec 16, 2025) reaffirmed $625 million borrowing base/elected commitments, lowered bank debt cost by 35 basis points, and extended maturity to Dec 16, 2030. At 12/31/25, $441.5 million drawn on revolver, ~1.5x net debt to trailing-12-month adjusted EBITDA, and ~$183.5 million undrawn capacity.
Operational Activity and Inventory
Active rig count of 85 rigs across Kimbell acreage (≈16% of U.S. land rigs). Line-of-sight wells exceed the number needed to maintain flat production, indicating operational resilience and inventory depth.
Catalyst from Barnett-Woodford and Multi-Basin Optionality
Company owns all depths across much of its acreage, providing upside from Barnett-Woodford development without paying test costs; management expects accelerating development on assets and sees opportunity to be a leading consolidator in a >$650 billion U.S. royalty sector.
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 |
|---|---|---|---|
Nov 06, 2025 | $13.12 | $13.16 | +0.30% |
Aug 07, 2025 | $14.40 | $14.07 | -2.29% |
May 08, 2025 | $11.16 | $12.01 | +7.62% |
Feb 27, 2025 | $14.27 | $13.77 | -3.50% |
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 Lp (KRP) report earnings?
Kimbell Royalty Partners Lp (KRP) is schdueled to report earning on Apr 30, 2026, Before Open (Confirmed).
What is Kimbell Royalty Partners Lp (KRP) earnings time?
Kimbell Royalty Partners Lp (KRP) earnings time is at Apr 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 (Q1) is 0.17.