KRP on NYSE
Kimbell Royalty Partners, LP
In its 2026 annual report the company says: “We are a Delaware limited partnership formed in 2015 to own and acquire mineral and royalty interests in oil and natural gas properties throughout the United States. We have elected to be taxed as a corporation for United States federal income tax purposes. We are not obligated to fund drilling and completion costs, lease operating expenses or plugging and abandonment costs at the end of a well’s productive life.”6 It is headquartered in Fort Worth, United States.2 Its shares trade on NYSE under the symbol KRP.2
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Last updated Oct 21, 2026.
Overview
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- TickerKRP on NYSE2
- IndustryCrude Petroleum & Natural Gas2
- HeadquartersFort Worth, United States2
- Incorporated inDE4
- Business address777 Taylor St., Suite 810, Fort Worth, Tx 761024
- Filer categoryLarge accelerated filer4
- Legal formLimited Partnership2
- Kind of organizationLimited partnership2
- LEI5493007FC11POVYRB8412
- StatusActive2
- LEI statusIssued and current2
- Registered addressc/o The Corporation Trust Company, Corporation Trust Center 1209 Orange Street, 19801 Wilmington, United States2
- Registered withDivision of Corporations, Department of State, 57452222
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We are a Delaware limited partnership formed in 2015 to own and acquire mineral and royalty interests in oil and natural gas properties throughout the United States. We have elected to be taxed as a corporation for United States federal income tax purposes. As an owner of mineral and royalty interests, we are entitled to a portion of the revenues received from the production of oil, natural gas and associated NGLs from the acreage underlying our interests, net of post-production expenses and taxes. We are not obligated to fund drilling and completion costs, lease operating expenses or plugging and abandonment costs at the end of a well’s productive life. Our primary business objective is to provide increasing cash distributions to unitholders resulting from acquisitions from third parties, our Sponsors and the Contributing Parties and from organic growth through the continued development…6 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Oil and Condensate brought in 61% of the revenue Kimbell Royalty Partners, LP broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Oil and Condensate | $183.2M | $215.5M | $195.5M |
| Natural Gas, Midstream | $59.5M | $50.2M | $78.4M |
| NGL revenue | $24.9M | $38.9M | $43.6M |
| Lease bonus and other income | $5.6M | $6.0M | $4.3M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Selling, general and admin12¢$39.7M
- Other costs58¢$193.2M
- Income tax0¢$1.3M
- Profit30¢$99.7M
Out of $333.8M in revenue.3
Where each dollar of operating cash went, fiscal 2025
- Kept or used elsewhere100¢$246.5M
Out of $246.5M of cash from operations.3
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Gain (loss) on commodity derivative instruments, net | $12.1M | -$1.3M | $20.9M |
| Total revenues | $333.8M | $309.3M | $294.1M |
| Production and ad valorem taxes | $20.4M | $20.4M | $20.3M |
| Depreciation and depletion expense | $124.6M | $135.1M | $96.5M |
| Impairment of oil and natural gas properties | $0 | $62.1M | $18.2M |
| Marketing and other deductions | $16.4M | $16.1M | $12.6M |
| General and administrative expense | $39.7M | $38.5M | $35.7M |
| Total costs and expenses | $201.0M | $272.3M | $184.2M |
| Operating income | $132.8M | $37.0M | $109.9M |
| Interest expense | -$34.5M | -$26.7M | -$25.9M |
| Loss on extinguishment of debt | -$480.0K | ||
| Other expense | -$12.0K | -$181.0K | |
| Net income before income taxes | $98.3M | $10.3M | $86.8M |
| Income tax (benefit) expense | -$1.3M | -$771.0K | $3.8M |
| Net income | $99.7M | $11.1M | $83.0M |
| Distribution and accretion on Series A preferred units | -$34.9M | -$21.1M | -$6.3M |
| Net (income) loss and distributions and accretion on Series A preferred units attributable to non-controlling interests | -$8.7M | $1.3M | -$16.5M |
| Distribution to Class B unitholders | -$58.0K | -$72.0K | -$89.0K |
| Net income (loss) attributable to common units of Kimbell Royalty Partners, LP | $56.0M | -$8.8M | $60.1M |
| Net income per unit attributable to common units Kimbell Royalty Partners, LP (basic) (in dollar per share) | $1 | -$0 | $1 |
| Net income per unit attributable to common units Kimbell Royalty Partners, LP (diluted) (in dollar per share) | $1 | -$0 | $1 |
| Weighted average number of common units outstanding Basic (in units) | 90.8M shares | 76.2M shares | 66.6M shares |
| Weighted average number of common units outstanding Diluted (in units) | 121.3M shares | 116.0M shares | 93.1M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $44.0M | $34.2M | ||
| Oil, natural gas and NGL receivables | $36.6M | $45.9M | ||
| Derivative assets | $6.5M | $2.4M | ||
| Accounts receivable and other current assets | $1.4M | $2.8M | ||
| Total current assets | $88.5M | $85.3M | ||
| Property and equipment, net | $629.0K | $267.0K | ||
| Oil and natural gas properties, using full cost method of accounting ($174,189 and $115,200 excluded from depletion at December 31, 2025 and December 31, 2024, respectively) | $2.3B | $2.0B | ||
| Less: accumulated depreciation, depletion and impairment | -$1.1B | -$1.0B | ||
| Total oil and natural gas properties, net | $1.1B | $1.0B | ||
| Right-of-use assets, net | $4.6M | $3.7M | ||
| Derivative assets | $2.6M | $566.0K | ||
| Loan origination costs, net | $9.7M | $5.3M | ||
| Total assets | $1.2B | $1.1B | ||
| Accounts payable | $3.1M | $6.5M | ||
| Other current liabilities | $7.1M | $6.0M | ||
| Derivative liabilities | $255.0K | |||
| Total current liabilities | $10.2M | $12.7M | ||
| Operating lease liabilities, excluding current portion | $4.4M | $3.6M | ||
| Derivative liabilities | $28.0K | $879.0K | ||
| Long-term debt | $441.5M | $239.2M | ||
| Other liabilities | $73.0K | |||
| Total liabilities | $456.2M | $256.4M | ||
| Series A preferred units (162,500 and 325,000 units issued and outstanding as of December 31, 2025 and 2024, respectively) | $158.8M | $316.0M | ||
| Common units (93,396,488 units and 80,969,651 units issued and outstanding as of December 31, 2025 and 2024, respectively) | $531.1M | $463.5M | ||
| Class B units (14,491,540 units and 14,524,120 units issued and outstanding as of December 31, 2025 and 2024, respectively) | $724.0K | $726.0K | ||
| Total Kimbell Royalty Partners, LP unitholders' equity | $531.8M | $464.2M | ||
| Non-controlling interest in OpCo | $82.5M | $83.3M | ||
| Total unitholders' equity | $614.4M | $547.5M | $714.0M | $576.5M |
| Total liabilities, mezzanine equity and unitholders' equity | $1.2B | $1.1B | ||
| Oil and natural gas properties excluded from depletion | $174.2M | $115.2M | ||
| Temporary equity, issued (in units) | 162.5K shares | 325.0K shares | ||
| Temporary equity, outstanding (in units) | 162.5K shares | 325.0K shares | ||
| Common units, issued (in units) | 93.4M shares | 81.0M shares | ||
| Common units, outstanding (in units) | 93.4M shares | 81.0M shares | ||
| Class B units, issued (in units) | 14.5M shares | 14.5M shares | ||
| Class B units, outstanding (in units) | 14.5M shares | 14.5M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $44.0M | $34.2M | ||
| Oil, natural gas and NGL receivables | $36.6M | $45.9M | ||
| Derivative assets | $6.5M | $2.4M | ||
| Accounts receivable and other current assets | $1.4M | $2.8M | ||
| Total current assets | $88.5M | $85.3M | ||
| Property and equipment, net | $629.0K | $267.0K | ||
| Oil and natural gas properties, using full cost method of accounting ($174,189 and $115,200 excluded from depletion at December 31, 2025 and December 31, 2024, respectively) | $2.3B | $2.0B | ||
| Less: accumulated depreciation, depletion and impairment | -$1.1B | -$1.0B | ||
| Total oil and natural gas properties, net | $1.1B | $1.0B | ||
| Right-of-use assets, net | $4.6M | $3.7M | ||
| Derivative assets | $2.6M | $566.0K | ||
| Loan origination costs, net | $9.7M | $5.3M | ||
| Total assets | $1.2B | $1.1B | ||
| Accounts payable | $3.1M | $6.5M | ||
| Other current liabilities | $7.1M | $6.0M | ||
| Derivative liabilities | $255.0K | |||
| Total current liabilities | $10.2M | $12.7M | ||
| Operating lease liabilities, excluding current portion | $4.4M | $3.6M | ||
| Derivative liabilities | $28.0K | $879.0K | ||
| Long-term debt | $441.5M | $239.2M | ||
| Other liabilities | $73.0K | |||
| Total liabilities | $456.2M | $256.4M | ||
| Series A preferred units (162,500 and 325,000 units issued and outstanding as of December 31, 2025 and 2024, respectively) | $158.8M | $316.0M | ||
| Common units (93,396,488 units and 80,969,651 units issued and outstanding as of December 31, 2025 and 2024, respectively) | $531.1M | $463.5M | ||
| Class B units (14,491,540 units and 14,524,120 units issued and outstanding as of December 31, 2025 and 2024, respectively) | $724.0K | $726.0K | ||
| Total Kimbell Royalty Partners, LP unitholders' equity | $531.8M | $464.2M | ||
| Non-controlling interest in OpCo | $82.5M | $83.3M | ||
| Total unitholders' equity | $614.4M | $547.5M | $714.0M | $576.5M |
| Total liabilities, mezzanine equity and unitholders' equity | $1.2B | $1.1B | ||
| Oil and natural gas properties excluded from depletion | $174.2M | $115.2M | ||
| Temporary equity, issued (in units) | 162.5K shares | 325.0K shares | ||
| Temporary equity, outstanding (in units) | 162.5K shares | 325.0K shares | ||
| Common units, issued (in units) | 93.4M shares | 81.0M shares | ||
| Common units, outstanding (in units) | 93.4M shares | 81.0M shares | ||
| Class B units, issued (in units) | 14.5M shares | 14.5M shares | ||
| Class B units, outstanding (in units) | 14.5M shares | 14.5M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income | $99.7M | $11.1M | $83.0M |
| Depreciation and depletion expense | $124.6M | $135.1M | $96.5M |
| Impairment of oil and natural gas properties | $0 | $62.1M | $18.2M |
| Amortization of right-of-use assets | $348.0K | $349.0K | $336.0K |
| Amortization of loan origination costs | $2.4M | $2.1M | $1.9M |
| Loss on extinguishment of debt | $480.0K | ||
| Unit-based compensation | $16.3M | $16.4M | $13.1M |
| Forfeiture of restricted units | -$57.0K | ||
| (Gain) loss on derivative instruments, net of settlements | -$7.2M | $12.2M | -$26.4M |
| Oil, natural gas and NGL receivables | $9.3M | $13.1M | -$12.0M |
| Accounts receivable and other current assets | $1.4M | -$1.1M | $1.9M |
| Accounts payable | -$917.0K | -$90.0K | $509.0K |
| Other current liabilities | $1.0M | -$20.0K | $1.3M |
| Operating lease liabilities | -$303.0K | -$382.0K | -$348.0K |
| Net cash provided by operating activities | $246.5M | $250.9M | $174.3M |
| Purchases of property and equipment | -$734.0K | -$188.0K | -$141.0K |
| Proceeds from sale of property and equipment | $12.0K | ||
| Purchase of oil and natural gas properties | -$222.8M | -$22.0K | -$490.7M |
| Proceeds from trust of variable interest entity | $931.0K | ||
| Net cash used in investing activities | -$223.5M | -$210.0K | -$246.7M |
| Proceeds from the issuance of Series A preferred units, net of issuance costs | $314.0M | ||
| Proceeds from equity offering, net of issuance costs | $163.6M | $110.7M | |
| Contributions from Class B unitholders | $268.0K | ||
| Redemption of Class B contributions on converted units | -$2.0K | -$316.0K | |
| Redemption of Series A preferred units | -$179.9M | ||
| Distribution to common unitholders | -$149.4M | -$135.9M | -$120.4M |
| Distribution to OpCo unitholders | -$23.2M | -$31.7M | -$31.6M |
| Distribution to Series A preferred unitholders | -$14.6M | -$19.5M | -$962.0K |
| Distribution to Class B unitholders | -$58.0K | -$72.0K | -$89.0K |
| Borrowings on long-term debt | $695.6M | $5.0M | $201.1M |
| Repayments on long-term debt | -$493.3M | -$60.0M | -$139.9M |
| Payment of loan origination costs | -$6.8M | -$63.0K | -$6.7M |
| Restricted units repurchased for tax withholding | -$5.1M | -$4.9M | -$4.9M |
| Net cash (used in) provided by financing activities | -$13.2M | -$247.5M | $78.4M |
| NET INCREASE IN CASH AND CASH EQUIVALENTS | $9.8M | $3.2M | $6.0M |
| Cash paid for interest | $31.9M | $25.3M | $23.7M |
| Cash (refund from) paid for taxes | -$3.9M | $2.3M | |
| Units issued in exchange for oil and natural gas properties | $92.0M | ||
| Deemed distribution to Series A preferred units | $1.1M | $1.6M | $474.0K |
| Distribution on Series A preferred units in accounts payable | $2.5M | $4.9M | $4.9M |
| Recognition of tenant improvement asset | $73.0K | $125.0K | $125.0K |
| Right-of-use assets obtained in exchange for operating lease liabilities | $1.2M | $1.9M |
No quarter-by-quarter statement was filed.
Corporate structure
Kimbell Royalty Partners, LP sits at the top of its group. 34 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Kimbell Royalty Partners, LP
- Rivercrest Capital Partners LP Filed SCHEDULE 13D/A on Kimbell Royalty Partners, LP, latest Aug 27, 2026
- EnCap Partners GP, LLC Filed SCHEDULE 13D/A on Kimbell Royalty Partners, LP, latest Apr 3, 2026 (3 filings since May 19, 2023)
- Kimbell Art Foundation Filed SCHEDULE 13D/A on Kimbell Royalty Partners, LP, latest Feb 17, 2026
- REP HR II, L.P. Filed SC 13G/A on Kimbell Royalty Partners, LP, latest Aug 13, 2024 (2 filings since Dec 23, 2022)
- ENCAP ENERGY CAPITAL FUND VII LP Filed SC 13D/A on Kimbell Royalty Partners, LP, latest Oct 28, 2022
- PEP II Holdings, LLC Filed SC 13D/A on Kimbell Royalty Partners, LP, latest Jul 29, 2022
- PEP I Holdings, LLC Filed SC 13D/A on Kimbell Royalty Partners, LP, latest Apr 1, 2022
- PRICE T ROWE ASSOCIATES INC /MD/ Filed SC 13G/A on Kimbell Royalty Partners, LP, latest Feb 14, 2022
- KKR UPSTREAM ASSOCIATES LLC Filed SC 13G/A on Kimbell Royalty Partners, LP, latest Feb 10, 2022
- Kimbell Royalty Partners, LP Fort Worth, Texas, United States
- Kimbell Tiger Acquisition Corp Stake · Fort Worth, Texas
- American Assurance 2000, LP Subsidiary · Delaware, United States
- Cherry Creek Minerals, LLC Subsidiary · Delaware, United States
- Cirrus Minerals, LLC Subsidiary · Delaware, United States
- Cobra Petroleum Company, LP Subsidiary · Texas, United States
- Haymaker Greenfield, LLC Subsidiary · Delaware, United States
- Haymaker Holding Company, LLC Subsidiary · Delaware, United States
- Haymaker Properties GP, LLC Subsidiary · Delaware, United States
- Haymaker Properties, LP Subsidiary · Delaware, United States
- Hochstetter, L.P. Subsidiary · Texas, United States
- Kimbell Intermediate GP, LLC Subsidiary · Delaware, United States
- Kimbell Intermediate Holdings, LLC Subsidiary · Delaware, United States
- Kimbell Knight Royalties, LLC Subsidiary · Delaware, United States
- Kimbell Maple Minerals, LLC Subsidiary · Delaware, United States
- Kimbell MB Energy, LLC Subsidiary · Delaware, United States
- Kimbell Merger Sub, LLC Subsidiary · Delaware, United States
- Kimbell Royalty Holdings, LLC Subsidiary · Delaware, United States
- Kimbell Royalty Operating, LLC Subsidiary · Delaware, United States
- KRP Legacy Isles, LLC Subsidiary · Delaware, United States
- KRP Legacy NBR, LLC Subsidiary · Delaware, United States
- Metcalfe Minerals, LP Subsidiary · Texas, United States
- Mustang Minerals, LLC Subsidiary · Delaware, United States
- Oakwood Minerals I, L.P. Subsidiary · Texas, United States
- OGM Partners I Subsidiary · Texas, United States
- Phillips Energy Partners II, LLC Subsidiary · Delaware, United States
- and 8 more
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G; stakes of 5% or more it reported on Schedules 13D and 13G (1 companies). Each entity in the chart links to its source.
What it owns
What Kimbell Royalty Partners, LP reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, net | $629.0K3 Dec 31, 2025 | $267.0K3 Dec 31, 2024 | +135.6% |
| Operating-lease assets (leased space) | $4.6M3 Dec 31, 2025 | $3.7M3 Dec 31, 2024 | +23.5% |
| Oil and gas properties | $1.1B3 Dec 31, 2025 | $1.0B3 Dec 31, 2024 | +9.6% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $44.0M3 Dec 31, 2025 | $34.2M3 Dec 31, 2024 | +28.7% |
Properties, in its own words
The information required by Item 2 is contained in “Item 1. Business,” and such information is incorporated into this Item 2 by reference herein.
Item 2 of the 10-K filed Feb 26, 2026.6
Leadership
Who has led Kimbell Royalty Partners, LP, and when. Pick a name to see everywhere that person has worked.
President
Chief financial officer
Chief operating officer
20202025
- PresidentRobert Davis Ravnaas Feb 2, 2017 to now18
- Chief financial officerRobert Davis Ravnaas Feb 2, 2017 to now18
- Chief operating officerMatthew S. Daly Jan 30, 2018 to now19
Board members and other officers (11)
- ControllerBlayne Rhynsburger Dec 10, 2018 to now20
- Chief Accounting OfficerJeff McInnis Feb 2, 2017 to Apr 25, 201921
- Senior V.P.-Corp. DevelopmentMatthew S. Daly Feb 2, 2017 to May 16, 201722
- Vice President-LandPeter Alcorn Feb 2, 2017 to now23
- Board memberErik B. Daugbjerg Apr 3, 2018 to now24
- Board memberBen J. Fortson Feb 2, 2017 to Feb 21, 202425
- Board memberBenny D. Duncan Feb 2, 2017 to Feb 14, 201826
- Board memberCraig Stone Feb 2, 2017 to now27
- Board memberMitch S. Wynne Feb 2, 2017 to now28
- Board memberT. Scott Martin Feb 2, 2017 to now29
- Board memberWilliam H. Adams Iii. Feb 2, 2017 to now30
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- American Assurance 2000, LP Delaware5
- Cherry Creek Minerals, LLC Delaware5
- Cirrus Minerals, LLC Delaware5
- Cobra Petroleum Company, LP Texas5
- Haymaker Greenfield, LLC Delaware5
- Haymaker Holding Company, LLC Delaware5
- Haymaker Properties GP, LLC Delaware5
- Haymaker Properties, LP Delaware5
- Hochstetter, L.P. Texas5
- KRP Legacy Isles, LLC Delaware5
- KRP Legacy NBR, LLC Delaware5
- Kimbell Intermediate GP, LLC Delaware5
- Kimbell Intermediate Holdings, LLC Delaware5
- Kimbell Knight Royalties, LLC Delaware5
- Kimbell MB Energy, LLC Delaware5
- Kimbell Maple Minerals, LLC Delaware5
- Kimbell Merger Sub, LLC Delaware5
- Kimbell Royalty Holdings, LLC Delaware5
- Kimbell Royalty Operating, LLC Delaware5
- Metcalfe Minerals, LP Texas5
- Mustang Minerals, LLC Delaware5
- OGM Partners I Texas5
- Oakwood Minerals I, L.P. Texas5
- Phillips Energy Partners II, LLC Delaware5
All 32 listed subsidiaries
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Timeline
- Aug 24, 20268-K Entered a material agreement; Unregistered sale of shares; Regulation FD disclosure31
- Aug 7, 20268-K Results of operations; Regulation FD disclosure32
- Jul 17, 20268-K Entered a material agreement; Unregistered sale of shares; Regulation FD disclosure33
- Jun 23, 20268-K Entered a material agreement; Unregistered sale of shares; Regulation FD disclosure34
- May 19, 20268-K Entered a material agreement; Unregistered sale of shares; Regulation FD disclosure35
- May 7, 20268-K Results of operations; Regulation FD disclosure36
- Mar 9, 20268-K Other events37
- Feb 26, 20268-K Results of operations; Regulation FD disclosure38
- Dec 16, 20258-K Entered a material agreement; New debt or obligation39
- Nov 6, 20258-K Results of operations; Regulation FD disclosure40
- Aug 7, 20258-K Results of operations; Regulation FD disclosure41
- May 8, 20258-K Results of operations; Regulation FD disclosure42
- Oct 30, 2015Founded Kimbell Royalty Partners, LP is founded2
Calendar
Coming up
- Nov 5, 2026 · Before the openReports results for the quarter ending Sep/2026 A year earlier it reported $0.19 a share, on Nov 6, 2025.43
When it reported results
- Aug 7, 2026Reported quarterly or annual results32
- May 7, 2026Reported quarterly or annual results36
- Feb 26, 2026Reported quarterly or annual results38
- Nov 6, 2025Reported quarterly or annual results40
- Aug 7, 2025Reported quarterly or annual results41
- May 8, 2025Reported quarterly or annual results42
- Feb 27, 2025Reported quarterly or annual results44
- Nov 7, 2024Reported quarterly or annual results45
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
259 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 54 major events, 131 insider forms, 12 large holders, 41 other. The latest 20:
- Sep 23, 20264 OWNERSHIP DOCUMENT EDGAR
- Sep 10, 2026424B3 EDGAR
- Sep 9, 2026EFFECT EDGAR
- Aug 28, 2026S-3 EDGAR
- Aug 27, 2026SCHEDULE 13D/A EDGAR
- Aug 27, 20263 EDGAR
- Aug 27, 20264 OWNERSHIP DOCUMENT EDGAR
- Aug 24, 20268-K EDGAR
- Aug 7, 202610-Q EDGAR
- Aug 7, 20268-K EDGAR
- Jul 17, 20268-K EDGAR
- Jul 10, 2026424B3 EDGAR
- Jul 8, 2026EFFECT EDGAR
- Jun 26, 2026S-3 EDGAR
- Jun 23, 20268-K EDGAR
- May 19, 20268-K EDGAR
- May 7, 202610-Q EDGAR
- May 7, 20268-K EDGAR
- Apr 3, 2026SCHEDULE 13D/A EDGAR
- Mar 24, 20264 OWNERSHIP DOCUMENT EDGAR
The 259 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
34 open-market trades by officers, directors and large owners since October 2021: 4 buys and 30 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 22, 2026 | Rhynsburger BlayneController | Sale | 1,700 | $14.31 | $24.3K | Form 4 |
| Aug 25, 2026 | Rhynsburger BlayneController | Sale | 4,524 | $15.08 | $68.2K | Form 4 |
| Mar 23, 2026 | Rhynsburger BlayneController | Sale | 6,609 | $14.48 | $95.7K | Form 4 |
| Mar 2, 2026 | Wynne Mitch S.Director | Sale | 35,000 | $14.48 | $506.8K | Form 4 |
| Sep 4, 2025 | Rhynsburger BlayneController | Sale | 3,600 | $13.74 | $49.5K | Form 4 |
| May 28, 2025 | Rhynsburger BlayneController | Sale | 2,000 | $13.27 | $26.5K | Form 4 |
| Mar 18, 2025 | Rhynsburger BlayneController | Sale | 7,851 | $13.86 | $108.8K | Form 4 |
| Mar 12, 2025 | Wynne Mitch S.Director | Sale | 22,000 | $13.77 | $302.9K | Form 4 |
| Nov 12, 2024 | Rhynsburger BlayneController | Sale | 5,000 | $16.41 | $82.0K | Form 4 |
| Aug 14, 2024 | Rhynsburger BlayneController | Sale | 5,000 | $15.71 | $78.5K | Form 4 |
| Jun 18, 2024 | Wynne Mitch S.Director | Sale | 27,539 | $16.16 | $445.0K | Form 4 |
| May 9, 2024 | Taylor Brett G.Director | Sale | 50,000 | $16.52 | $826.0K | Form 4 |
| Mar 19, 2024 | Rhynsburger BlayneController | Sale | 6,487 | $15.60 | $101.2K | Form 4 |
| Mar 19, 2024 | Taylor Brett G.Director | Sale | 27,163 | $15.51 | $421.3K | Form 4 |
| Mar 11, 2024 | Taylor Brett G.Director | Sale | 16,889 | $15.71 | $265.3K | Form 4 |
| Mar 7, 2024 | Taylor Brett G.Director | Sale | 5,480 | $15.55 | $85.2K | Form 4 |
| Mar 6, 2024 | Taylor Brett G.Director | Sale | 1,560 | $15.55 | $24.3K | Form 4 |
| Mar 5, 2024 | Taylor Brett G.Director | Sale | 30,088 | $15.53 | $467.3K | Form 4 |
| Mar 4, 2024 | Taylor Brett G.Director | Sale | 22,326 | $15.59 | $348.1K | Form 4 |
| Mar 1, 2024 | Taylor Brett G.Director | Sale | 22,327 | $15.68 | $350.1K | Form 4 |
All 34 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Rivercrest Capital Partners LPSCHEDULE 13D/A, 1 filing Aug 27, 202646
- EnCap Partners GP, LLCSCHEDULE 13D/A, 3 filings May 19, 2023 to Apr 3, 202647
- Kimbell Art FoundationSCHEDULE 13D/A, 1 filing Feb 17, 202648
- REP HR II, L.P.SC 13G/A, 2 filings Dec 23, 2022 to Aug 13, 202449
- ENCAP ENERGY CAPITAL FUND VII LPSC 13D/A, 1 filing Oct 28, 202250
- PEP II Holdings, LLCSC 13D/A, 1 filing Jul 29, 202251
- PEP I Holdings, LLCSC 13D/A, 1 filing Apr 1, 202252
- PRICE T ROWE ASSOCIATES INC /MD/SC 13G/A, 1 filing Feb 14, 202253
- KKR UPSTREAM ASSOCIATES LLCSC 13G/A, 1 filing Feb 10, 202254
Stakes it holds
Kimbell Royalty Partners, LP has told the SEC it owns more than 5% of 1 company, latest first (Schedules 13D and 13G).
- Kimbell Tiger Acquisition CorpSC 13G Feb 14, 202355
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Van Eck Associates Corp | 3,627,850 | $52.7M | 0.0% | +2,783,040 |
| American Century Companies Inc | 3,384,774 | $49.2M | 0.0% | +180,936 |
| Morgan Stanley | 1,897,962 | $27.6M | 0.0% | +784,487 |
| Raymond James Financial Inc | 1,598,597 | $23.2M | 0.0% | +256,727 |
| Algert Global LLC | 1,391,083 | $20.2M | 0.2% | +141,808 |
| EnCap Investments L.P. | 1,306,178 | $19.0M | 5.9% | −4,126,046 |
| Vanguard Portfolio Management LLC | 1,063,105 | $15.4M | 0.0% | +243,222 |
| UBS Group AG | 977,329 | $14.2M | 0.0% | +53,371 |
| Nomura Asset Management International Inc. | 863,011 | $12.5M | 0.0% | −32,487 |
| Royal Bank Of Canada | 648,027 | $9.4M | 0.0% | +51,340 |
| Marshall Wace, Llp | 563,100 | $8.2M | 0.0% | −120,016 |
| Wells Fargo & Company/mn | 472,941 | $6.9M | 0.0% | −14,804 |
| Jpmorgan Chase & Co | 476,007 | $6.9M | 0.0% | +474,561 |
| Freestone Capital Holdings, LLC | 462,693 | $6.7M | 0.2% | +164,000 |
| Oxbow Advisors, LLC | 407,988 | $5.9M | 0.5% | New |
| Orvieto Partners, L.P. | 397,554 | $5.8M | 4.4% | No change |
| Yaupon Capital Management LP | 364,866 | $5.3M | 0.2% | −150,234 |
| LPL Financial LLC | 343,846 | $5.0M | 0.0% | +34,836 |
| Nordea Investment Management Ab | 321,949 | $4.7M | 0.0% | +2,265 |
| Stifel Financial Corp | 318,096 | $4.6M | 0.0% | +77,516 |
| First Trust Advisors LP | 312,289 | $4.5M | 0.0% | −29,778 |
| Arax Advisory Partners | 292,394 | $4.2M | 0.0% | New |
| BlackRock, Inc. | 284,281 | $4.1M | 0.0% | −44,615 |
| First Financial Bankshares Inc | 266,314 | $3.9M | 0.1% | −3,845 |
| Mirador Capital Partners LP | 245,170 | $3.6M | 0.4% | +312 |
13F reports cover disclosed long positions in U.S. stocks only.
Members of Congress who traded it
1 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.
| Date | Member | Trade | Amount | Vs S&P since | Filing |
|---|---|---|---|---|---|
| Mar 13, 2026 | August PflugerRepublican, House | Buy | $15,001 - $50,000 | −8.3% | Report |
Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).
SEC filer profile
How Kimbell Royalty Partners, LP is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARKimbell Royalty Partners, LP1
- CIK0001657788
- Employer ID (EIN)47-55054756
- Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company6
- Incorporated inDelaware6
- Fiscal year endsDecember 311
- Industry code (SIC)1311 Crude Petroleum & Natural Gas1
- SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
- Business address777 Taylor St., Suite 810, Fort Worth, TX 761021
- Phone817-887-99761
- Shares outstanding93,396,488 Common Units shares; 14,491,540 Common Class B shares as of Feb 20, 20266
- Public float$1.2B as of Jun 30, 20256
- AuditorGRANT THORNTON LLP, Dallas, Texas PCAOB ID 248; it also attests to the company’s internal control over financial reporting6
- On EDGAR sinceNov 12, 20151
- Filings662 in all: 4 (286), 8-K (123), 3 (31), 10-Q (29), SC 13D/A (18), CORRESP (14), SC 13G/A (14), UPLOAD (14)1
All 39 form types
424B5 (12), EFFECT (11), SC 13G (11), 10-K (10), 5 (10), 8-K/A (10), S-3 (10), 144 (9), SC 13D (9), S-3/A (5), S-8 (4), SCHEDULE 13D/A (4), DRS/A (3), DRSLTR (3), S-1/A (3), 3/A (2), 4/A (2), 424B3 (2), 10-K/A (1), 144/A (1), 424B4 (1), 8-A12B (1), CERTNYS (1), D (1), DEF 14A (1), DEF 14C (1), DRS (1), PRE 14A (1), PRE 14C (1), S-1 (1), S-3ASR (1)
- Latest filingsAnnual report (10-K) Feb 26, 2026
Quarterly report (10-Q) Aug 7, 2026
Proxy statement (DEF 14A) Apr 4, 2022
Latest 8-K (8-K) Aug 24, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Units Representing Limited Partner Interests | KRP | New York Stock Exchange |
From the cover page of the 10-K filed Feb 26, 2026 (Section 12(b) of the Exchange Act).6
Risk factors and legal proceedings
The risks Kimbell Royalty Partners, LP names in Item 1A of its 10-K filed Feb 26, 2026: 73 risks under these headings, as written.6
- There are many factors that could have a material adverse effect on our operating results, financial condition and cash flows. New risks may emerge at any time, and we cannot predict those risks or estimate the extent to which they may affect financial performance. Each of the risks described below could adversely impact the value of our common units.
- Risks Related to Our Organization and Structure
- We may not have sufficient available cash to pay any quarterly distribution on our common units.
- The amount of cash we have available for distribution to holders of our common units depends primarily on our cash flow and not solely on profitability, which may prevent us from paying cash distributions during periods when we record net income.
- The amount of our quarterly cash distributions, if any, may vary significantly both quarterly and annually and is directly dependent on the performance of our business. We do not have a minimum quarterly distribution or employ structures intended to consistently maintain or increase distributions over time and could pay no distribution with respect to any particular quarter.
- Our partnership agreement requires that we distribute all of our available cash, which could limit our ability to grow and make acquisitions.
- The limited liability company agreement of our General Partner contains restrictive covenants, governance and other provisions that may restrict our ability to pursue our business strategies.
- Our General Partner and its affiliates, including our Sponsors and their respective affiliates, have conflicts of interest with us and limited duties to us and our unitholders, and they may favor their own interests to the detriment of us and our unitholders. Additionally, we have no control over the business decisions and operations of our Sponsors and their respective affiliates, which are under no obligation to adopt a business strategy that favors us.
- Our partnership agreement does not restrict our Sponsors and their respective affiliates or the Contributing Parties from competing with us. Certain of our directors and officers may in the future spend significant time serving, and may have significant duties with, investment partnerships or other private entities that compete with us in seeking out acquisitions and business opportunities and, accordingly, may have conflicts of interest in allocating time or pursuing business opportunities.
- Our General Partner intends to limit its liability regarding our obligations.
- Neither we, our General Partner nor our subsidiaries have any employees, and we rely solely on Kimbell Operating to manage and operate, or arrange for the management and operation of, our business. The management team of Kimbell Operating, which includes the individuals who will manage us, also provides substantially similar services to other entities and thus is not solely focused on our business.
- Our partnership agreement replaces fiduciary duties applicable to a corporation with contractual duties and restricts the remedies available to our unitholders for actions taken by our General Partner that might otherwise constitute breaches of fiduciary duty.
The other 62 risks
- Our partnership agreement replaces our General Partner’s fiduciary duties to our unitholders with contractual standards governing its duties.
- Holders of our common units have limited voting rights and are not entitled to elect our General Partner or its directors, which could reduce the price at which our common units will trade.
- Even if our unitholders are dissatisfied, they cannot initially remove our General Partner without its consent.
- Our partnership agreement restricts the voting rights of unitholders owning 20% or more of the interests in any class of our securities, subject to certain exceptions.
- Cost reimbursements due to our General Partner and its affiliates for services provided to us or on our behalf will reduce cash available for distribution to our common unitholders. Our partnership agreement and the limited liability company agreement of the Operating Company do not set a limit on the amount of expenses for which our General Partner and its affiliates may be reimbursed. The amount and timing of such reimbursements will be determined by our General Partner.
- Our General Partner interest or the control of our General Partner may be transferred to a third party without unitholder consent.
- Our sole cash-generating asset is our membership interest in the Operating Company, and we are accordingly dependent upon distributions from the Operating Company to pay taxes and cover our expenses and to make distributions to our unitholders.
- Unitholders may have liability to repay distributions and in certain circumstances may be personally liable for the obligations of the partnership.
- Increases in interest rates may cause the market price of our common units to decline.
- Our General Partner has a call right that may require unitholders to sell their units at an undesirable time or price.
- We may issue additional common units and other equity interests ranking junior to the Series A preferred units without unitholder approval, which would dilute existing common unitholder ownership interests.
- There are no limitations in our partnership agreement on our ability to issue units ranking senior in right of distributions or liquidation to our common units.
- The market price of our common units could be materially adversely affected by sales of substantial amounts of our common units in the public or private markets, including sales by our Sponsors, the Contributing Parties and other selling unitholders pursuant to any registration rights agreements.
- The price of our common units may fluctuate significantly, and unitholders could lose all or part of their investment.
- The New York Stock Exchange (the “NYSE”) does not require a publicly traded partnership like us to comply with certain of its corporate governance requirements.
- Our partnership agreement includes exclusive forum, venue and jurisdiction provisions. By acquiring an interest in us, a limited partner is irrevocably consenting to these provisions regarding claims, suits, actions or proceedings and submitting to the exclusive jurisdiction of Delaware courts.
- If a unitholder is an ineligible holder, the units of such unitholder may be subject to redemption.
- Our Series A preferred units have rights, preferences and privileges that are not held by, and are preferential to the rights of, holders of our common units.
- The terms of our Series A preferred units contain covenants that may limit our business flexibility.
- Risks Related to Economic Conditions and Our Industry
- All of our revenues are derived from royalty payments that are based on the price at which oil, natural gas and NGLs produced from the acreage underlying our interests is sold. The volatility of these prices due to factors beyond our control greatly affects our business, financial condition, results of operations and cash available for distribution on common units.
- A deterioration in general economic, business or industry conditions would materially adversely affect our results of operations, financial condition and cash available for distribution on common units.
- Conservation measures and technological advances could reduce demand for oil and natural gas.
- Competition in the oil and natural gas industry is intense, which may adversely affect our operators’ ability to succeed.
- The results of exploratory drilling in shale plays will be subject to risks associated with drilling and completion techniques and drilling results may not meet our expectations for reserves or production.
- The marketability of oil and natural gas production is dependent upon transportation and other facilities, certain of which neither we nor the operators of our properties control. If these facilities are unavailable, our operators’ operations could be interrupted and our results of operations and cash available for distribution on common units could be materially adversely affected.
- Drilling for and producing oil and natural gas are high-risk activities with many uncertainties that may materially adversely affect our business, financial condition, results of operations and cash available for distribution on common units.
- Risks Related to Our Indebtedness and Derivatives
- Our derivative activities could result in financial losses and reduce earnings.
- Restrictions in our secured revolving credit facility and future debt agreements could limit our growth and our ability to engage in certain activities, including our ability to pay distributions to our unitholders.
- Any significant reduction in our borrowing base under our secured revolving credit facility as a result of the periodic borrowing base redeterminations or otherwise may negatively impact our ability to fund our operations.
- Our debt levels may limit our flexibility to obtain additional financing and pursue other business opportunities.
- Risks Related to Our Operations
- Our business is difficult to evaluate because we have made several significant acquisitions.
- We depend on unaffiliated operators for all of the exploration, development and production on the properties in which we own mineral and royalty interests. Substantially all of our revenue is derived from royalty payments made by these operators. A reduction in the expected number of wells to be drilled on the acreage underlying our interests by these operators or the failure of these operators to adequately and efficiently develop and operate the underlying acreage could materially adversely affect our results of operations and cash available for distribution on common units.
- We may not be able to terminate our leases if any of the operators of the properties in which we own mineral interests declare bankruptcy, and we may experience delays and be unable to replace operators that do not make royalty payments.
- Our future success depends on replacing reserves through acquisitions and the exploration and development activities of the operators of our properties.
- Our failure to successfully identify, complete and integrate acquisitions of properties or businesses would slow our growth and could materially adversely affect our results of operations and cash available for distribution on common units.
- Any acquisitions of additional mineral and royalty interests that we complete will be subject to substantial risks.
- If we are unable to make acquisitions on economically acceptable terms from our Sponsors, the Contributing Parties or third parties, our future growth will be limited.
- Prospect areas on our properties, which are in various stages of development, may not yield oil or natural gas in commercially viable quantities.
- Our estimated reserves are based on many assumptions that may prove to be inaccurate. Any material inaccuracies in these reserve estimates or underlying assumptions will materially affect the quantities and present value of our reserves.
- We do not intend to retain cash from our operations for replacement capital expenditures. Unless we replenish our oil and natural gas reserves, our cash generated from operations and our ability to pay distributions to our unitholders could be materially adversely affected.
- We rely on a few key individuals whose absence or loss could materially adversely affect our business.
- Loss of our or our operators’ information and computer systems could materially adversely affect our business.
- Title to the properties in which we have an interest may be impaired by title defects.
- The potential drilling locations identified by the operators of our properties are susceptible to uncertainties that could materially alter the occurrence or timing of their drilling.
- Acreage must be drilled before lease expiration, generally within three to five years, in order to hold the acreage by production. Our operators’ failure to drill sufficient wells to hold acreage may result in loss of the lease and prospective drilling opportunities.
- The unavailability, high cost, or shortages of rigs, equipment, raw materials, supplies or personnel may restrict or result in increased costs for operators related to developing and operating our properties.
- Operating hazards and uninsured risks may result in substantial losses to the operators of our properties, and any losses could materially adversely affect our results of operations and cash available for distribution on common units.
- If the operators of our properties suspend our right to receive royalty payments due to title or other issues, our business, financial condition, results of operations and cash available for distribution on common units may be adversely affected.
- We will be required to take write-downs of the carrying values of our proved properties if commodity prices decrease to a level such that the future cash flows discounted at 10% from our proved properties are less than their carrying value.
- Tax Risks to Common Unitholders
- We may incur substantial income tax liabilities on our allocable share of income from the Operating Company.
- Taxable gain or loss on the sale of our common units could be more or less than expected.
- Our tax liability may be greater than expected if we do not generate sufficient depletion deductions to offset our taxable income and reduce our tax liability.
- Future tax legislation could have an adverse impact on our cash tax liabilities, results of operations and financial condition, which could affect our cash available for distribution on common units and the value of our common units.
- Certain decreases in the price of our common units could adversely affect our amount of cash available for distribution on common units.
- The IRS Form 1099-DIV that you receive from your broker may over-report your dividend income with respect to our units for United States federal income tax purposes, and failure to report your dividend income in a manner consistent with the IRS Form 1099-DIV that you receive from your broker may cause the IRS to assert audit adjustments to your United States federal income tax return.
- The portion of our distributions taxable as dividends may be greater than expected.
- If the Operating Company were to become a publicly traded partnership taxable as a corporation for United States federal income tax purposes, we and the Operating Company might be subject to potentially significant tax inefficiencies.
- Legal, Environmental and Regulatory Risks
- Oil and natural gas operations are subject to various governmental laws and regulations. Compliance with these laws and regulations can be burdensome and expensive, and failure to comply could result in significant liabilities, which could reduce our cash available for distribution on common units.
- The operators of our properties are subject to complex and evolving environmental and occupational health and safety laws and regulations. As a result, they may incur significant delays, costs and liabilities that could materially adversely affect our business and financial condition.
- Federal and state legislative and regulatory initiatives relating to hydraulic fracturing could result in increased costs and additional operating restrictions or delays.
- The adoption of climate change legislation and regulations could result in increased operating costs and reduced demand for the oil and natural gas that our operators produce.
- Changes in U.S. trade policy and the impact of tariffs may have a material adverse effect on our business and results of operations.
- General Risk Factors
Legal proceedings
Although we may, from time to time, be involved in various legal claims arising out of our operations in the normal course of business, we do not believe that the resolution of these matters will have a material adverse impact on our financial condition or results of operations.
Items 4. Mine Safety Disclosures
Not applicable.
The opening of Item 3, Legal Proceedings.6
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 18SEC EDGARRobert Davis Ravnaas, President
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- 20SEC EDGARBlayne Rhynsburger, Controller
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- 23SEC EDGARPeter Alcorn, Vice President-Land
- 24SEC EDGARErik B. Daugbjerg, Board member
- 25SEC EDGARBen J. Fortson, Board member
- 26SEC EDGARBenny D. Duncan, Board member
- 27SEC EDGARCraig Stone, Board member
- 28SEC EDGARMitch S. Wynne, Board member
- 29SEC EDGART. Scott Martin, Board member
- 30SEC EDGARWilliam H. Adams Iii., Board member
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- 37SEC EDGAROther events
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