Kimbell Royalty Partners acquires $147M Permian Basin mineral interests, 70% unit-funded

Filed May 19, 2026 · Period ending May 18, 2026 · ~2 min read

Key Changes

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  Kimbell agreed to acquire Permian Basin mineral and royalty interests from Mesa Royalties for ~$147M: $44M cash (30%) and 6.9M newly issued OpCo units valued at $103M (70%). Transaction expected to close Q2 2026 with June 1 effective date.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
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  Acquired assets estimated to produce 1,390 Boe/d over next twelve months (54% oil) with 7.67 MMBoe total proved reserves (~$19.17/Boe purchase price). Assets include interests in 2,300+ producing wells and 600+ undeveloped locations.

  Item 8.01 — Other Events verify on EDGAR →
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  Transaction expected to be immediately accretive to distributable cash flow per unit, with acquired assets estimated to generate $23.3M of next-twelve-month cash flow at strip pricing as of May 15, 2026.

  Exhibit 99.1 verify on EDGAR →