Recent Updates — KRP
Kimbell Royalty Partners, LP completed a $221.2 million acquisition of mineral and royalty interests from affiliated sellers on August 21, 2026. The transaction consideration consisted of approximately $75 million in cash and the issuance of 9.5 million OpCo Common Units paired with an equal number of Class B Units to the sellers. The acquired assets include interests in over 3 million gross acres across the Eagle Ford, Permian, Mid-Con, and Appalachia basins, producing approximately 2,347 Boe/d as of June 1, 2026. Concurrently, Kimbell announced updated 2026 production guidance reflecting a 10% to 15% increase in daily production for Q3 and Q4 compared to prior estimates. The company operates in the oil and gas industry, owning mineral and royalty interests.
Kimbell Royalty Partners, LP reported record second quarter 2026 financial and operating results, including oil, natural gas, and NGL revenues of $103.0 million, net income attributable to common units of approximately $38.4 million, and consolidated Adjusted EBITDA of $84.9 million. Average daily production reached a record 25,830 Boe/d (6:1), with run-rate production at 26,967 Boe/d following the June 22 acquisition of Mesa Royalties for $145.9 million. The company announced a Q2 cash distribution of $0.47 per common unit, a 15% increase from Q1, payable on August 24 to holders of record as of August 17. Additionally, the borrowing base on its secured revolving credit facility was increased to $660 million, and the company repurchased 500,000 units for approximately $7.4 million. Kimbell Royalty Partners is a leading owner of oil and natural gas mineral and royalty interests.
Kimbell Royalty Partners, LP entered into a Purchase and Sale Agreement to acquire oil and gas royalty interests for approximately $215.4 million, consisting of $74.9 million in cash and 9.5 million newly issued common units of Kimbell Royalty Operating, LLC and Class B units of Kimbell. The acquisition, expected to close on August 21, 2026, involves approximately 2,568 net royalty acres in the Eagle Ford, Permian, Mid-Con, and Appalachia basins. Kimbell Royalty Partners, LP is an oil and gas mineral and royalty company.
On June 22, 2026, Kimbell Royalty Partners, LP and its affiliate, Kimbell Royalty Operating, LLC, completed the acquisition of mineral and royalty interests from Mesa Visa Royalties, LLC, Mesa Royalties III Holdings, LLC, and Mesa Land Company, LLC. The acquired assets are located across various counties in Texas and New Mexico. Total consideration consisted of approximately $44 million in cash and the issuance of 6,929,000 OpCo Common Units and 6,929,000 Class B Units, which are exchangeable for Kimbell Common Units. Kimbell also entered into a registration rights agreement to file a shelf registration statement for the resalable units within five business days of closing. The company operates in the energy industry, specializing in the ownership of mineral and royalty interests in oil and gas properties.