Kimbell Royalty Partners, LP (KRP) AI Stock Analysis

Kimbell Royalty Partners, LP, founded in 2013 and headquartered in Fort Worth, Texas, specializes in the acquisition and management of mineral and royalty interests across oil and natural gas properties throughout the United States. As of December 31, 2021, the partnership held ownership of mineral and royalty interests spanning approximately 11.4 million gross acres, alongside overriding royalty interests in about 4.7 million gross acres. These interests are distributed across 28 states and include stakes in approximately 122,000 gross wells, with roughly 46,000 wells located in the Permian Basin.

From FY2020 to FY2025, revenue grew at a 5-year CAGR of 29.1%. Annual revenue rose from $178.4M in FY2021 to $285.0M in FY2022, declined 4.2% in FY2023 to $273.2M, and expanded to $310.7M in FY2024 and $333.8M in FY2025. Gross margin reached 93.9% in FY2025, while net margin was 27.2% on net income of $90.9M. In the latest quarter ended June 30, 2026, quarterly revenue increased 37.8% year-over-year, and quarterly earnings grew 1889.4%. Over the trailing twelve months, revenue stood at $344.9M with an operating margin of 56.1% and a profit margin of 25.9%.

As of June 30, 2026, Kimbell Royalty Partners held $44.9M in cash and short-term investments alongside total debt of $483.3M, resulting in net debt of $438.3M. Total assets were $1.33B and shareholders' equity was $735.0M, reflecting a debt-to-equity ratio of 0.66 and a current ratio of 7.30. In FY2025, the company generated $246.5M in operating cash flow while spending $734,000 on capital expenditures. Cash returns to unitholders included $187.3M in dividends paid and $179.9M in share buybacks.

At a last close of $16.28, Kimbell Royalty Partners carries a market capitalization of $2.09B and an enterprise value of $1.89B. The partnership trades at a trailing P/E of 19.2x and a forward P/E of 13.7x, compared to 15.0x and 12.7x for the median of its US-listed Energy peers. Its EV/EBITDA of 7.3x sits below the peer median of 8.0x, while its price-to-sales ratio of 6.1x is higher than the peer median of 1.8x. Over the past year, KRP shares returned 41.6%, exceeding the 16.8% return of the S&P 500 (SPY).

Kimbell Royalty Partners pays a quarterly dividend with a forward annual payout of $1.60, representing a dividend yield of 9.83% and a payout ratio of 1.6%. The partnership has made regular dividend distributions for 10 consecutive years, achieving an annualized 5-year dividend growth rate of 13.0%. Its most recent ex-dividend date was August 17, 2026.

Wall Street coverage of KRP comprises 3 Strong Buy, 1 Buy, and 2 Hold ratings, with 0 Sell or Strong Sell ratings. The mean price target is $19.20, representing 17.9% potential upside compared to the last close of $16.28. Consensus estimates project current fiscal year revenue of $395.1M and EPS of $1.08, followed by next fiscal year revenue of $402.7M and EPS of $1.04. The partnership exceeded EPS estimates in 3 of the last 4 quarters, and its next earnings date is November 5, 2026.

This page is an AI-written research summary of Kimbell Royalty Partners, LP (KRP). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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