Kimbell Royalty Partners, LP (KRP) Key Metrics
KRP valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $2.09B
- Enterprise value
- $1.89B
- P/E (TTM)
- 19.2 10-yr median 21.1
- Forward P/E
- 13.7
- PEG ratio
- 2.29
- Price / sales
- 6.1 10-yr median 4.3
- Price / book
- 2.0 10-yr median 1.8
- EV / EBITDA
- 7.3 10-yr median 11.8
- Dividend yield
- 7.72% $1.60 a year
- Beta
- 0.42
KRP key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsKRP valuation Price multiples at each fiscal year-end price.
KRP returns How much profit the business earns on the capital it uses.
KRP per-share figures Results divided by the shares outstanding at year-end.
KRP financial health Debt, liquidity and how easily interest is covered.
KRP efficiency & capital use Working capital cycle and where the cash goes.
KRP valuation history
KRP returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
KRP debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
KRP cash returned to shareholders
KRP price vs earnings per share
KRP key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $1.43B | $1.88B | $1.40B | $1.10B | $830.9M | $273.1M | $360.3M | — | — | — |
| Enterprise value | $1.83B | $2.09B | $1.67B | $1.31B | $1.04B | $437.7M | $546.3M | — | — | — |
| P/E ratio | 15.7 | 153.7 | 21.1 | 9.8 | 24.5 | — | — | — | — | — |
| Price / sales | 4.3 | 6.1 | 5.1 | 3.9 | 4.7 | 2.9 | 3.3 | — | — | — |
| Price / book | 2.1 | 2.4 | 1.6 | 1.8 | 2.5 | 0.7 | 0.6 | — | — | — |
| Price / free cash flow | 5.8 | 7.5 | — | 43.7 | 23.5 | — | 5.3 | — | — | — |
| Price / operating cash flow | 5.8 | 7.5 | 8.0 | 6.6 | 9.1 | 4.4 | 4.5 | — | — | — |
| EV / sales | 5.5 | 6.7 | 6.1 | 4.6 | 5.8 | 4.7 | 5.0 | — | — | — |
| EV / EBITDA | 13.8 | 12.1 | 7.9 | 6.6 | 11.8 | — | — | — | — | — |
| EV / free cash flow | 7.5 | 8.3 | — | 52.0 | 29.5 | — | 8.0 | — | — | — |
| Earnings yield | 6.4% | 0.7% | 4.7% | 10.2% | 4.1% | −58.4% | −43.9% | — | — | — |
| Free cash flow yield | 17.2% | 13.3% | −22.6% | 2.3% | 4.3% | −9.6% | 18.9% | — | — | — |
| Dividend yield | 13.1% | 9.9% | 10.9% | 11.5% | 8.6% | 20.1% | 21.9% | — | — | — |
| Shareholder yield (dividends + buybacks) | 25.7% | 10.0% | 10.9% | 11.9% | 17.0% | 42.6% | 22.0% | — | — | — |
| Share price at fiscal year-end | $11.76 | $16.23 | $15.05 | $16.70 | $13.63 | $7.91 | $17.00 | $13.58 | $16.25 | — |
| Per share | ||||||||||
| Revenue per share | $2.75 | $2.68 | $2.94 | $4.33 | $2.93 | $2.69 | $5.19 | — | — | — |
| Earnings per share | $0.75 | $0.11 | $0.71 | $1.70 | $0.56 | −$4.62 | −$7.47 | — | — | — |
| Operating cash flow per share | $2.03 | $2.16 | $1.87 | $2.53 | $1.50 | $1.80 | $3.81 | — | — | — |
| Free cash flow per share | $2.03 | $2.16 | −$3.40 | $0.38 | $0.58 | −$0.76 | $3.21 | — | — | — |
| Cash per share | $0.36 | $0.29 | $0.33 | $0.37 | $0.12 | $0.28 | $0.67 | — | — | — |
| Book value per share | $5.69 | $6.72 | $9.36 | $9.15 | $5.41 | $10.96 | $30.19 | — | — | — |
| Tangible book value per share | $5.69 | $6.72 | $9.36 | $9.15 | $5.41 | $10.96 | $30.19 | — | — | — |
| Dividends per share | $1.54 | $1.61 | $1.64 | $1.93 | $1.18 | $1.59 | $3.72 | — | — | — |
| Capex per share | $0.01 | $0.00 | $5.27 | $2.15 | $0.92 | $2.57 | $0.60 | — | — | — |
| Debt per share | $3.72 | $2.09 | $3.18 | $3.57 | $3.60 | $5.05 | $9.45 | — | — | — |
| Shares outstanding | 121.3M | 116.0M | 93.1M | 65.8M | 61.0M | 34.5M | 21.2M | — | — | — |
| Change in shares outstanding | +4.5% | +24.7% | +41.3% | +8.0% | +76.5% | +62.9% | — | — | — | — |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 12.4% | 1.5% | 9.0% | 24.0% | 9.6% | −31.3% | −24.3% | −10.9% | 0.9% | −54.3% |
| Return on invested capital (ROIC) | 12.7% | 3.5% | 10.8% | 19.8% | 9.1% | −28.9% | −3.2% | −6.9% | 1.3% | −20.7% |
| Return on assets (ROA) | 7.7% | 1.0% | 5.5% | 13.3% | 5.8% | −24.3% | −21.1% | −9.6% | 0.8% | −25.6% |
| Return on tangible assets | 7.4% | 1.1% | 5.0% | 10.4% | 5.6% | −28.3% | −21.1% | −6.7% | 0.4% | −30.2% |
| Free cash flow margin | 73.6% | 80.7% | −115.9% | 8.8% | 19.8% | −28.4% | 61.8% | −266.4% | 61.0% | 27.4% |
| Income quality (OCF / net income) | 2.71 | 20.48 | 2.62 | 1.49 | 2.70 | — | — | — | 15.39 | — |
| Financial health | ||||||||||
| Total debt | $451.0M | $242.7M | $296.1M | $235.3M | $219.7M | $174.4M | $200.3M | $174.6M | $31.4M | $10.6M |
| Cash & short-term investments | $44.0M | $34.2M | $31.0M | $24.6M | $7.1M | $9.8M | $14.2M | $15.8M | $5.6M | $505,880 |
| Net debt | $407.0M | $208.6M | $265.1M | $210.6M | $212.6M | $164.6M | $186.1M | $158.8M | $25.7M | $10.1M |
| Debt / equity | 0.65 | 0.31 | 0.34 | 0.39 | 0.67 | 0.46 | 0.31 | 0.26 | 0.12 | 1.23 |
| Debt / assets | 0.37 | 0.22 | 0.22 | 0.22 | 0.37 | 0.31 | 0.27 | 0.23 | 0.11 | 0.52 |
| Net debt / EBITDA | 3.06 | 1.21 | 1.27 | 1.07 | 2.39 | — | — | — | 1.45 | — |
| Current ratio | 8.64 | 6.69 | 7.95 | 4.01 | 1.60 | 3.23 | 6.28 | 9.90 | 5.63 | 1.13 |
| Quick ratio | 8.64 | 6.69 | — | 4.20 | — | — | — | 9.11 | 5.63 | 406.22 |
| Interest coverage | 3.9 | 1.4 | 4.2 | 9.9 | 5.4 | -39.0 | -5.7 | -11.8 | 2.6 | -13.6 |
| Working capital | $78.2M | $72.5M | $90.2M | $56.4M | $17.1M | $19.6M | $28.7M | $33.8M | $10.4M | $153,968 |
| Invested capital | $1.10B | $988.8M | $1.14B | $813.2M | $542.2M | $542.9M | $826.0M | $821.0M | $287.8M | $18.7M |
| Tangible asset value | $773.2M | $863.5M | $1.03B | $813.4M | $348.9M | $378.3M | $639.9M | $662.2M | $262.1M | $8.6M |
| Net current asset value | −$367.7M | −$171.2M | −$206.2M | −$188.1M | −$207.2M | −$158.0M | −$74.6M | −$53.5M | −$20.6M | −$10.6M |
| Graham number | $9.80 | $4.00 | $12.27 | $18.71 | $8.22 | — | — | — | — | — |
| Graham net-net per share | −$3.17 | −$1.60 | −$390.09 | −$3.08 | −$318.24 | −$272.98 | −$474.10 | — | — | — |
| Capital allocation | ||||||||||
| Dividends paid | $187.3M | $187.2M | $153.0M | $126.8M | $71.7M | $54.9M | $78.9M | $40.9M | $13.8M | $0 |
| Share buybacks (net) | $179.9M | $316,159 | $316 | $3.8M | $69.3M | $61.5M | $319,529 | $0 | $0 | $0 |
| Dividend payout ratio | 205.9% | — | 230.2% | 113.3% | 211.8% | — | — | — | — | — |
| Dividends + buybacks / free cash flow | 149.4% | 74.8% | — | 518.7% | 398.7% | — | 116.5% | — | 73.9% | 0.0% |
| Capex / revenue | 0.2% | 0.1% | 179.7% | 49.6% | 31.4% | 95.3% | 11.6% | 316.0% | 0.2% | 2.7% |
| Capex / operating cash flow | 0.3% | 0.1% | 281.6% | 84.9% | 61.3% | 142.3% | 15.8% | 637.0% | 0.3% | 9.0% |
| Capex / depreciation | 2.11 | 0.00 | 5.07 | 2.81 | 1.51 | 1.84 | 0.24 | 8.39 | 0.00 | 0.06 |
| Stock-based compensation / revenue | 4.9% | 5.3% | 4.8% | 3.9% | 6.0% | 10.0% | 6.8% | 4.7% | 2.8% | 16.8% |
| SG&A / revenue | 16.8% | 17.6% | 13.4% | 15.7% | 21.9% | 38.0% | 28.0% | 32.1% | 5,694.6% | 69.2% |
| Efficiency | ||||||||||
| Days sales outstanding | 46.6 | 64.3 | 74.3 | 56.8 | 58.0 | 74.2 | 63.2 | 69.8 | 45.3 | 131.4 |
| Days of inventory on hand | — | — | -112,715.2 | -105,574.3 | -219,608.2 | -129,082.3 | -60,790.3 | 18.4 | — | -46,041.8 |
| Days payables outstanding | 86.2 | 15.4 | 12.2 | 5.6 | 6.6 | 7.0 | 7.7 | 10.2 | 0.0 | 291.9 |
| Cash conversion cycle (days) | -39.5 | 48.9 | -112,653.1 | -105,523.1 | -219,556.7 | -129,015.1 | -60,734.9 | 78.0 | 28.8 | -46,202.2 |
| Receivables turnover | 7.83 | 5.68 | 4.91 | 6.42 | 6.29 | 4.92 | 5.78 | 5.23 | 8.06 | 2.78 |
| Payables turnover | 4.24 | 23.75 | 29.93 | 65.62 | 55.62 | 51.86 | 47.14 | 35.96 | 7,830.60 | 1.25 |
| Inventory turnover | — | — | — | — | — | — | — | 19.87 | — | — |
| Asset turnover | 0.28 | 0.25 | 0.23 | 0.34 | 0.31 | 0.14 | 0.15 | 0.13 | 0.19 | 0.15 |
| Average receivables | $42.6M | $54.7M | $55.6M | $44.4M | $28.4M | $18.9M | $19.0M | $12.8M | $3.8M | $1.3M |
| Average payables | $4.8M | $6.5M | $3.9M | $1.0M | $850,010 | $1.0M | $1.3M | $823,500 | $673,431 | $1.5M |
| Average inventory | — | — | −$36.07B | −$19.18B | −$28.45B | −$19.23B | −$9.97B | $1.5M | −$237.1M | −$237.7M |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from KRP's annual financial statements (latest annual report filed February 26, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
KRP valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Kimbell Royalty Partners traded at 15.7 times earnings, against a 10-year median of 21.1. Based on the latest twelve months, the trailing P/E is 19.2 and the forward P/E is 13.7. Kimbell Royalty Partners earned a return on equity of 12.4% and a return on invested capital of 12.7% in fiscal 2025. It ended the year with $451.0 million of debt and $44.0 million in cash and short-term investments, net debt of $407.0 million. It returned $367.2 million to shareholders: $187.3 million in dividends and $179.9 million in share buybacks, 149% of free cash flow.
See the KRP income statement, the KRP chart for price history, or the KRP stock overview for the latest quote and news.
KRP key metrics FAQ
What is Kimbell Royalty Partners's P/E ratio?
Kimbell Royalty Partners's trailing P/E ratio is 19.2 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 13.7. At the end of fiscal 2025 it was 15.7, compared with a 10-year median of 21.1.
What is Kimbell Royalty Partners's EV/EBITDA?
Kimbell Royalty Partners's enterprise value was 13.8 times EBITDA at the end of fiscal 2025 (enterprise value $1.8 billion, EBITDA $133.2 million); the current EV/EBITDA is 7.3.
What is Kimbell Royalty Partners's return on equity?
Kimbell Royalty Partners's return on equity (ROE) was 12.4% in fiscal 2025: net income of $90.9 million on average shareholders' equity of $735.4 million.
What is Kimbell Royalty Partners's ROIC?
Kimbell Royalty Partners's return on invested capital was 12.7% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Kimbell Royalty Partners have?
Kimbell Royalty Partners had total debt of $451.0 million at the end of fiscal 2025, a debt-to-equity ratio of 0.65 and $407.0 million of net debt (3.06 times EBITDA).
What is Kimbell Royalty Partners's dividend yield?
Kimbell Royalty Partners's forward dividend yield is 7.72%. Kimbell Royalty Partners paid $187.3 million in dividends in fiscal 2025 ($1.54 per share), a payout ratio of 205.9%.
Does Kimbell Royalty Partners buy back its shares?
Yes. Kimbell Royalty Partners spent $179.9 million on net share repurchases in fiscal 2025 Shares outstanding changed +4.5% over the year, to 121.3M..
What is Kimbell Royalty Partners's free cash flow yield?
Kimbell Royalty Partners generated $245.7 million of free cash flow in fiscal 2025, a free cash flow yield of 17.2% on its market value at year-end ($1.4 billion).
What is Kimbell Royalty Partners's current ratio?
Kimbell Royalty Partners's current ratio was 8.64 at the end of fiscal 2025: current assets were 8.64 times current liabilities.