Kimbell Royalty Partners (KRP)
Earns production-linked revenue from non-operating U.S. mineral and royalty interests.
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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
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 15, 2026 | KeyBanc | Reiterate | Rating: —Target: $17 | Target: $18 |
| May 29, 2026 | RBC Capital | Target | Target: — | Target: $20 |
| Apr 2, 2026 | Keybanc | Upgrade | ||
| Dec 12, 2025 | Mizuho Securities | Target | Target: — | Target: $17 |
| Nov 24, 2025 | Keybanc | Downgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $44.9M · Total debt $483.3M · Total assets $1.33B · Shareholders' equity $735.0M
- Revenue
- $126.9M
- Operating income
- $59.7M
- Net income
- $41.0M
HistoryDividendAnnual yield
| Institutions | 54.72% | 62.77M shares | |
|---|---|---|---|
| 219 holders · as of Jun 30, 2026 | |||
| Insiders | 4.42% | 5.07M shares | |
| 11 holders · as of Aug 27, 2026 | |||
| Other | 40.86% | 46.86M shares | |
| remainder | |||
114.70M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Two share counts disagree (114.70M in the company's Sep 23, 2026 report, 98.65M elsewhere); stakes use the report.
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Van Eck Associates CorpInstitution | 6.33% | 3.63M · 3.63M | as of Jun 30, 2026 |
American Century Companies IncInstitution | 5.90% | 3.38M · 3.38M | as of Jun 30, 2026 |
Morgan StanleyInstitution | 3.31% | 1.90M · 1.90M | as of Jun 30, 2026 |
Raymond James Financial IncInstitution | 2.79% | 1.60M · 1.60M | as of Jun 30, 2026 |
Algert Global LLCInstitution | 2.43% | 1.39M · 1.39M | as of Jun 30, 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 |
- 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
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Kimbell Royalty Partners | $14.50 | +1.43% | $1.41B | 21.9 | 13.5 | 3.8 | +30.0% |
| Viper Energy | $41.56 | +1.94% | $14.68B | 313.6 | 16.8 | 7.5 | +128.0% |
| Black Stone Minerals | $14.69 | −0.47% | $3.14B | 12.2 | 14.1 | 6.5 | +39.6% |
| Texas Pacific Land | $345.23 | −2.82% | $24.50B | 45.3 | 34.2 | 27.3 | +31.2% |
| Dorchester Minerals | $29.25 | +0.52% | $1.40B | 16.1 | — | 7.3 | +73.1% |
| Median | 30.7 | 16.8 | 7.4 | +56.3% |