Kimbell Royalty (NYSE:KRP) Posts Earnings Results, Beats Estimates By $0.17 EPS

Posted by George Bondi on Aug 8th, 2026

Kimbell Royalty (NYSE:KRP – Get Free Report) issued its quarterly earnings results on Friday. The energy company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.23 by $0.17, FiscalAI reports. The company had revenue of $112.48 million for the quarter, compared to the consensus estimate of $93.45 million. Kimbell Royalty had a net margin of 22.76% and a return on equity of 11.70%. The firm’s revenue was up 29.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.02 EPS.

Here are the key takeaways from Kimbell Royalty’s conference call:

Record second-quarter results: Oil, natural gas and NGL revenue exceeded $100 million, while adjusted EBITDA reached a record $84.9 million and production averaged 25,830 BOE per day.
Kimbell declared a $0.47 per-unit distribution, up 15% sequentially, representing 75% of cash available for distribution; the company also repurchased 500,000 common units for approximately $7.4 million.
The Mesa Royalties acquisition is contributing to results, and a newly announced drop-down acquisition is expected to close later in August; management expects both transactions to support production and cash-flow growth.
The company affirmed its 2026 guidance for now but plans to update it after the drop-down closes. Management cited robust activity on its acreage, including 91 rigs at quarter-end and a backlog of wells above maintenance needs.
Acquisition competition remains intense, particularly for Permian-only packages, where management said recent bids were nearly twice Kimbell’s levels; weaker natural-gas prices also contributed to a decline in Mid-Continent activity and lower Haynesville production.

Kimbell Royalty Stock Up 3.1%

Shares of Kimbell Royalty stock traded up $0.44 during trading on Friday, hitting $14.95. 2,349,850 shares of the stock traded hands, compared to its average volume of 651,996. The company has a current ratio of 5.12, a quick ratio of 5.12 and a debt-to-equity ratio of 0.77. The firm has a market cap of $1.61 billion, a P/E ratio of 32.51 and a beta of 0.30. The stock’s fifty day simple moving average is $14.88 and its 200 day simple moving average is $14.55. Kimbell Royalty has a 52-week low of $11.31 and a 52-week high of $15.80.

Kimbell Royalty Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 24th. Stockholders of record on Monday, August 17th will be paid a dividend of $0.47 per share. This is an increase from Kimbell Royalty’s previous quarterly dividend of $0.41. This represents a $1.88 annualized dividend and a dividend yield of 12.6%. The ex-dividend date is Monday, August 17th. Kimbell Royalty’s payout ratio is 356.52%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on KRP shares. Zacks Research downgraded Kimbell Royalty from a “hold” rating to a “strong sell” rating in a report on Monday. Weiss Ratings cut Kimbell Royalty from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 14th. Finally, Royal Bank Of Canada assumed coverage on Kimbell Royalty in a research report on Friday, May 29th. They issued an “outperform” rating and a $20.00 price objective on the stock. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $18.00.

Read Our Latest Report on KRP

Institutional Investors Weigh In On Kimbell Royalty

Several institutional investors have recently bought and sold shares of the company. Marex Group plc purchased a new stake in shares of Kimbell Royalty during the 4th quarter valued at $118,000. Squarepoint Ops LLC purchased a new position in Kimbell Royalty during the 4th quarter worth $120,000. Quadrature Capital Ltd purchased a new position in Kimbell Royalty during the 4th quarter worth $134,000. Westwood Holdings Group Inc. acquired a new position in Kimbell Royalty during the 2nd quarter valued at about $140,000. Finally, Virtus Advisers LLC increased its position in Kimbell Royalty by 46.6% during the 4th quarter. Virtus Advisers LLC now owns 13,299 shares of the energy company’s stock valued at $156,000 after buying an additional 4,229 shares in the last quarter. 25.78% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Kimbell Royalty

Here are the key news stories impacting Kimbell Royalty this week:

Positive Sentiment: Quarterly earnings beat expectations: Kimbell reported second-quarter earnings of $0.40 per common unit, versus the $0.23 consensus estimate, while revenue reached $112.5 million, exceeding forecasts of $93.5 million. Revenue increased 29.9% year over year, compared with $0.02 per unit in the prior-year quarter. Kimbell Royalty Q2 Earnings and Revenues Surpass Estimates
Positive Sentiment: Record operating performance: Oil, natural gas and NGL revenue totaled $103.0 million, adjusted EBITDA was a record $84.9 million, and daily production averaged 25,830 barrels of oil equivalent. Production benefited from the Mesa Royalties acquisition, which closed in June and lifted the estimated run rate to 26,967 Boe per day. Kimbell Royalty Partners Announces Record Second Quarter 2026 Results
Positive Sentiment: Distribution increased: Kimbell declared a $0.47-per-unit quarterly distribution, up approximately 15% from $0.41, implying an annualized yield near 13% based on the recent closing price. The distribution represents a 75% payout of cash available for distribution, with the remainder intended for debt repayment. Kimbell Royalty Posts Record Q2 Results, Hikes Distribution
Positive Sentiment: Balance-sheet and capital-return support: The company’s credit-facility borrowing base and commitments rose to $660 million from $625 million, and Kimbell repurchased 500,000 common units for about $7.4 million. Robust drilling activity, with 91 rigs operating on its acreage, also supports future royalty production.
Neutral Sentiment: Kimbell affirmed its previously issued 2026 financial and operating guidance, but expects to update it after the planned Drop Down acquisition closes. Investors should monitor commodity prices, acquisition execution and leverage as factors that could affect future distributions.

About Kimbell Royalty

(Get Free Report)

Kimbell Royalty Partners LP (NYSE: KRP) is a mineral and royalty company focused on acquiring and managing oil and natural gas royalty interests in the United States. As a master limited partnership, Kimbell Royalty generates fee-like revenues by collecting royalties and overriding royalty interests on production volumes, without directly bearing the capital or operating costs of drilling and completion activities. The partnership’s business model emphasizes steady cash flows and limited downside exposure to commodity price fluctuations.

The company’s asset portfolio spans multiple onshore basins, with a core concentration in Texas and New Mexico.