Kimbell Royalty Partners
Earns production-linked revenue from non-operating U.S. mineral and royalty interests.
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Profile
Owns and acquires U.S. oil-and-gas mineral and royalty interests. It receives a share of production revenue without operating the wells.
Owns and acquires oil-and-gas mineral and royalty interests across U.S. onshore basins. Revenue comes from a share of production under its acreage, net of post-production expenses and taxes. The portfolio spans major producing regions and a broad group of wells, relying on third-party operators to develop the underlying properties. Those operators determine when and where to develop the acreage.
Rather than drill or operate wells, it avoids drilling, completion, lease-operating, and plugging costs. Growth is acquisition-led, while cash flow depends on oil, natural-gas, and natural-gas-liquids production from the acreage it owns.
Company facts
Key statistics
Year to date +23.8% · Average volume (30d) 898.8K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| May 29, 2026 | RBC Capital | Target | $20 | |||
| Apr 2, 2026 | Keybanc | Upgrade | Sector Weight | Overweight | ||
| Dec 12, 2025 | Mizuho Securities | Target | $17 | |||
| Nov 24, 2025 | Keybanc | Downgrade | Overweight | Sector Weight | ||
| Sep 3, 2025 | Keybanc | Reiterate | Overweight | $20 | $17 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 7, 2026Q2 FY26 | $0.23 | $0.40 | +73.5% | $93.5M | $112.5M | +20.4% | +3.24% |
| May 7, 2026Q1 FY26 | $0.23 | $0.04 | −82.6% | $90.3M | $82.9M | −8.2% | +0.28% |
| Feb 26, 2026Q4 FY25 | $0.14 | $0.21 | +50.0% | $76.8M | $82.5M | +7.3% | −1.10% |
| Nov 6, 2025Q3 FY25 | $0.13 | $0.19 | +46.2% | $80.3M | $80.6M | +0.5% | +1.75% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $90.3M | $86.5M | $80.6M | $76.4M | $84.2M | $126.9M | |
| Gross profit | $53.8M | $80.8M | $75.0M | $103.8M | $49.0M | $74.1M | |
| Operating income | $33.6M | $37.8M | $28.8M | $32.6M | $34.5M | $59.7M | |
| Net income | $23.1M | $26.3M | $19.7M | $21.8M | $6.6M | $41.0M | |
| Diluted EPS | $0.14 | $0.22 | $0.14 | $0.16 | $0.03 | $0.32 | |
| Gross margin | 59.6% | 93.4% | 93.0% | 135.8% | 58.2% | 58.4% | |
| Operating margin | 37.2% | 43.7% | 35.8% | 42.7% | 40.9% | 47.0% |
Fiscal years (4-quarter sums)FY21 $178.4M · FY22 $285.0M · FY23 $273.2M · FY24 $310.7M · FY25 $333.8M
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $44.9M · Total debt $483.3M · Total assets $1.33B · Shareholders' equity $735.0M
Dividends
Last raised to $0.47 from $0.41 in Aug 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 17, 2026 | Aug 17 | Aug 24 | $0.47 | raised from $0.41 |
| May 19, 2026 | May 19 | May 27 | $0.41 | raised from $0.37 |
| Mar 18, 2026 | Mar 18 | Mar 25 | $0.37 | raised from $0.35 |
| Nov 17, 2025 | Nov 17 | Nov 24 | $0.35 | cut from $0.38 |
| Aug 18, 2025 | Aug 18 | Aug 25 | $0.38 | cut from $0.47 |
| May 20, 2025 | May 20 | May 28 | $0.47 | raised from $0.40 |
| Mar 18, 2025 | Mar 18 | Mar 25 | $0.40 | cut from $0.41 |
| Nov 18, 2024 | Nov 18 | Nov 25 | $0.41 | cut from $0.42 |
Ownership
Shares outstanding 98.65M · Float 87.66M · 88.9% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Rivercrest Capital Partners LP | 8.00M | 7.30% | 13D | Aug 27, 2026 |
| Van Eck Associates Corp | 3.63M | 3.68% | 13F | Aug 14, 2026 |
| American Century Companies Inc | 3.38M | 3.43% | 13F | Aug 12, 2026 |
| Morgan Stanley | 1.90M | 1.92% | 13F | Aug 13, 2026 |
| Raymond James Financial Inc | 1.60M | 1.62% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 25, 2026 | Blayne Rhynsburger | officer: Controller | −4,524 | $15.08 |
| Mar 23, 2026 | Blayne Rhynsburger | officer: Controller | −6,609 | $14.48 |
| Mar 2, 2026 | Mitch S. Wynne | director | −35,000 | $14.48 |
| Sep 4, 2025 | Blayne Rhynsburger | officer: Controller | −3,600 | $13.74 |
Peers
- Viper Energy
Large Permian-focused owner and acquirer of mineral and royalty interests
- Black Stone Minerals
Large U.S. owner and manager of oil-and-gas mineral and royalty interests
- Texas Pacific Land
Permian landowner with large oil-and-gas royalty interests
- Dorchester Minerals
Multi-state owner of oil-and-gas mineral and royalty interests
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Kimbell Royalty Partners | $15.46 | +3.85% | $1.47B | 22.8 | 14.7 | 4.0 | +30.0% |
| Viper Energy | $44.18 | 0.00% | $15.91B | 339.8 | 18.6 | 8.1 | +135.9% |
| Black Stone Minerals | $14.75 | 0.00% | $3.13B | 12.2 | 14.1 | 6.5 | +39.6% |
| Texas Pacific Land | $363.30 | −0.29% | $25.13B | 46.5 | 39.3 | 28.0 | +31.2% |
| Dorchester Minerals | $28.58 | −0.51% | $1.38B | 15.8 | — | 7.2 | +73.1% |
| Median | 31.2 | 18.6 | 7.6 | +56.3% |