Open report — full analysis, no account required.
Sign up to generate reports and read filings that aren't on the open list.
Get notified when KRP files again. Create a free account and we'll email you the moment its next filing is analyzed.
Get filing alertsKimbell Royalty raises quarterly distribution 15% to $0.47/unit on record Q2 results
Filed August 7, 2026 · Period ending August 7, 2026 · ~1 min read
Key Changes
-
high
Declared Q2 2026 distribution of $0.47 per common unit, up 15% from Q1, representing a 13.0% annualized yield and 75% payout ratio of cash available for distribution.
Exhibit 99.1 view on EDGAR → -
high
Reported record Q2 2026 results: production averaged 25,830 Boe/d, revenues reached $103.0 million, net income was $47.3 million, and consolidated Adjusted EBITDA hit $84.9 million.
Exhibit 99.1 view on EDGAR → -
high
Closed $145.9 million Mesa Royalties acquisition on June 22, 2026, lifting run-rate production to 26,967 Boe/d; part of over $360 million in acquisitions announced in the last 90 days.
Exhibit 99.1 view on EDGAR → -
medium
Lenders increased borrowing base and aggregate commitments on secured revolving credit facility from $625 million to $660 million on June 24, 2026.
Exhibit 99.1 view on EDGAR → -
medium
Repurchased and cancelled 500,000 common units during Q2 2026 for approximately $7.4 million at an average price of $14.70 per unit; $85.4 million remains under repurchase authorization.
Exhibit 99.1 view on EDGAR →
Summary
Kimbell Royalty Partners reported record second-quarter 2026 results and raised its quarterly distribution 15% to $0.47 per common unit, reflecting strong operational performance and recent acquisition activity. Production averaged 25,830 Boe/d, revenues reached $103.0 million, and consolidated Adjusted EBITDA hit $84.9 million.
The distribution increase represents a 13.0% annualized yield and a 75% payout ratio of cash available for distribution, signaling management's confidence in sustainable cash generation. The partnership closed a $145.9 million acquisition of Mesa Royalties on June 22, 2026, which contributed 9 days of production to Q2 results and lifted run-rate production to 26,967 Boe/d.
This transaction is part of over $360 million in acquisitions announced in the last 90 days, positioning Kimbell for continued production growth. Lenders increased the borrowing base on Kimbell's revolving credit facility from $625 million to $660 million, providing additional liquidity to support the acquisition strategy. The partnership also repurchased 500,000 common units during the quarter for $7.4 million, with $85.4 million remaining under its repurchase authorization. With 91 rigs actively drilling on its acreage as of June 30, 2026—representing approximately 16% of the U.S. land rig count—and 7.39 net drilled-but-uncompleted wells and permitted locations on major properties, Kimbell has robust near-term activity to sustain production. The combination of record results, distribution growth, and active capital deployment underscores the partnership's execution on its growth and return-of-capital strategy.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
Kimbell Royalty Partners issued Q2 2026 financial and operating results via press release.
Added in current filing · verify on EDGAR →
On August 7, 2026, Kimbell Royalty Partners, LP (the “Partnership”) issued a news release announcing its second quarter 2026 financial and operating results.
The Partnership disclosed its second quarter 2026 financial and operating results through a press release. The 8-K body does not provide specific financial figures; those details are contained in the attached Exhibit 99.1 press release.
Event · Item 7.01 — Regulation FD Disclosure
Kimbell Royalty Partners posted an updated Fall 2026 investor presentation on its website.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
on August 7, 2026, the Partnership posted an updated investor presentation on its website. The presentation, titled “Fall 2026 Investor Presentation,” may be found at http://www.kimbellrp.com under the “Events and Presentations” section under the “Investor Relations” tab on the Partnership’s website.
The Partnership disclosed that it posted a new investor presentation titled "Fall 2026 Investor Presentation" on its website. The presentation is available in the Events and Presentations section under Investor Relations. The 8-K does not disclose the content of the presentation itself.
Event · Exhibit 99.1
Added in current filing · view on EDGAR →
Record Q2 2026 daily production of 25,830 barrels of oil equivalent (“Boe”) per day (6:1) ... Record Q2 2026 oil, natural gas and NGL revenues of $103.0 million ... Q2 2026 net income of approximately $47.3 million and net income attributable to common units of approximately $38.4 million ... Record Q2 2026 consolidated Adjusted EBITDA of $84.9 million ... Announced a Q2 2026 cash distribution of $0.47 per common unit, reflecting a payout ratio of 75% of cash available for distribution; implies a 13.0% annualized yield based on the August 6, 2026 closing price of $14.51 per common unit
Kimbell reported record second-quarter 2026 results: production averaged 25,830 Boe/d, revenues reached $103.0 million, net income was $47.3 million, and consolidated Adjusted EBITDA hit $84.9 million. The partnership declared a quarterly distribution of $0.47 per common unit, up 15% from Q1 2026, representing a 13.0% annualized yield and a 75% payout ratio of cash available for distribution.
Added in current filing · view on EDGAR → · paraphrased
As of June 30, 2026, Kimbell's major properties had 7.39 net DUCs and net permitted locations on its acreage compared to an estimated 7.20 net wells needed to maintain flat production ... As of June 30, 2026, Kimbell had 91 rigs actively drilling on its acreage, representing approximately 16% market share of all land rigs drilling in the continental United States as of such time
Kimbell had 91 rigs actively drilling on its acreage as of June 30, 2026, representing approximately 16% of the U.S. land rig count. The partnership's major properties held 7.39 net drilled-but-uncompleted wells and permitted locations, slightly above the 7.20 net wells estimated to maintain flat production, indicating robust near-term activity.
Thanks — your feedback helps us improve report quality.
Figures/quotes linked to EDGAR · Narrative written by AI · Aug 10, 2026 · How we verify