Kimbell Royalty Partners, LP (KRP) Stock Price & Analysis
Kimbell Royalty Partners, LP (KRP) closed at USD 16.97 on Wednesday, October 28, 2026, up 1.01% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 16.8; the Oct 28, 2026 session ranged USD 16.82–17.12 on volume of 664,130 shares. Market capitalization is $2.18B, with a 52-week range of USD 11.31–17.12 (NYQ). Source: Nexqual, retrieved October 29, 2026 at 09:39 UTC.
Also available as compact Markdown for AI agents: nexqual.com/KRP.md
Key facts (KRP)
- Last four reported quarters (through Jun 30, 2026): revenue $341M, net income $101M (29.7% margin) (SEC filings).
- Valuation: P/E 21.5x.
- Insider open-market sales, last ~7 months: 2 Form 4 filings, $93K; 2 not under a Rule 10b5-1 plan ($93K); 0 by opportunistic insiders, 2 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.17 on a 1–5 scale) (6 analysts), mean target USD 19.2 (range 17–23).
- Total return with dividends: 1Y +42.8% vs S&P 500 +13.6%; 5Y +91.7% vs S&P 500 +79.8%.
- Next earnings: 2026-11-05, EPS estimate USD 0.26, revenue estimate $103M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (KRP)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $175M | $282M | $294M | $309M | $334M | $341M |
| Operating income | $49.3M | $137M | $110M | $37.0M | $133M | $137M |
| Net income | $42.4M | $131M | $83.0M | $11.1M | $99.7M | $101M |
| Operating margin | 28.2% | 48.6% | 37.4% | 12.0% | 39.8% | 40.1% |
| Net margin | 24.2% | 46.4% | 28.2% | 3.6% | 29.9% | 29.7% |
| Revenue growth | +93.5% | +61.0% | +4.3% | +5.2% | +7.9% | — |
| Cash + short-term investments | $7.1M | $24.6M | $31.0M | $34.2M | $44.0M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (KRP)
P/E 21.5x · P/S 6.4x · Earnings yield 4.65%
Insider sales (SEC Form 4, open-market, last ~7 months) (KRP)
0 of 2 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-09-22 | Rhynsburger Blayne | Controller | 1,700 | $24K | 2.4% | No | Routine (sold in Mar each year 2023–2025; this trade is outside those months) |
| 2026-08-25 | Rhynsburger Blayne | Controller | 4,524 | $68K | 6% | No | Routine (sold in Mar each year 2023–2025; this trade is outside those months) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (KRP)
Consensus Buy (mean 2.17 on a 1–5 scale), 6 analysts; mean target USD 19.2 (low 17, high 23).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-15 | Keybanc | Target raised | Overweight | $17 → $18 |
Total return (dividends reinvested) (KRP)
| 1Y (from 2025-10-29) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | +42.8% | +91.7% |
| S&P 500 (SPY) | +13.6% | +79.8% |
| Per year | +43.0% | +13.9% |
| Volatility (annualized) | 22.6% | 26.0% |
| Max drawdown | -15.5% (Nov 2025→Dec 2025) | -24.5% (Dec 2024→Apr 2025) |
KRP major shareholder filing: Schedule 13D/A, Aug 27, 2026
Rivercrest Capital Partners LP, Rivercrest Capital GP LLC, Rivercrest Capital Partners II LP filed a Schedule 13D/A with the SEC on Aug 27, 2026, reporting up to 7.30% of the class. A Schedule 13D is filed by an owner of more than 5% who may seek to influence the company. Item 4 (Purpose of Transaction), quoted from the filing:
General The Reporting Persons intend to review their investments in the Issuer on a continuing basis. Any actions the Reporting Persons might undertake will be dependent upon the Reporting Persons' review of numerous factors, including, but not limited to: an ongoing evaluation of the Issuer's business, financial condition, operations and prospects; price levels of the Issuer's securities; general market, industry and economic conditions; the relative attractiveness of alternative business and investment opportunities; and other future developments. The Reporting Persons may acquire additional securities of the Issuer, or retain or sell all or a portion of the securities then held, in the open market or in privately negotiated transactions. …
Source: SEC EDGAR, Schedule 13D/A filed Aug 27, 2026. Quoted word for word; Nexqual adds no interpretation.
KRP earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| Aug 7, 2026 | Quarter ended Jun 30, 2026 | $0.28 | $0.27 | Beat +3.7% | +4.0% |
| May 7, 2026 | Quarter ended Mar 31, 2026 | $0.21 | $0.21 | In line | -0.3% |
| Feb 26, 2026 | Quarter ended Dec 31, 2025 | $0.21 | $0.14 | Beat +50.0% | +1.5% |
| Nov 6, 2025 | Quarter ended Sep 30, 2025 | $0.21 | $0.16 | Beat +31.3% | +2.1% |
| Aug 7, 2025 | — | — | — | — | -2.2% |
| May 8, 2025 | — | — | — | — | +10.9% |
| Feb 27, 2025 | — | — | — | — | -1.9% |
| Nov 7, 2024 | — | — | — | — | +2.3% |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).
KRP recent SEC filings (last 120 days)
| Filed | Form | What it says |
|---|---|---|
| Oct 16, 2026 | 8-K | Other material event “On October 16, 2026, Kimbell Royalty Partners, LP (the "Partnership") delivered a notice of redemption to the holders of its Series A Cumulative Convertible Preferred Units representing limited partner interests in the Partnership (the "Preferred Units"), which calls for redemption on November 16, 2026 (the "Redemption Date") of 81,250 Preferred Units, representing half of the outstanding Preferred Units as of the date of the notice. The Preferred Units called for redemption will be redeemed on the Redemption Date…” |
| Aug 27, 2026 | Schedule 13D/A | Rivercrest Capital Partners LP, Rivercrest Capital GP LLC: 7.3% of shares, 5%+ holder that may seek to influence the company (amended) “General The Reporting Persons intend to review their investments in the Issuer on a continuing basis. Any actions the Reporting Persons might undertake will be dependent upon the Reporting Persons' review of numerous factors, including, but not limited to: an ongoing evaluation…” |
| Aug 24, 2026 | 8-K | Entered a material agreement; Unregistered sale of shares; Regulation FD disclosure; Other material event “Registration Rights Agreement On August 21, 2026, pursuant to the terms of the Purchase Agreement, Kimbell and the Sellers entered into a registration rights agreement (the " Registration Rights Agreement ") pursuant to which, among other things, Kimbell has agreed to prepare a shelf registration statement with respect to the resale of the Common Units issuable upon the conversion of the OpCo Common Units and a corresponding number of Class B Units issued to the Sellers under the Purchase Agreement (" Registrable…” |
| Aug 7, 2026 | 10-Q | Quarterly report · period ended Jun 30, 2026 |
| Aug 7, 2026 | 8-K | Quarterly results; Regulation FD disclosure |
| Jul 17, 2026 | 8-K | Entered a material agreement; Unregistered sale of shares; Regulation FD disclosure; Other material event “On July 16, 2026, Kimbell Royalty Partners, LP, a Delaware limited partnership (" Kimbell "), Kimbell Royalty Operating, LLC, a Delaware limited liability company (" Opco "), Kimbell Royalty Holdings, LLC, a Delaware limited liability company (" KRH "), Kimbell Intermediate Holdings, LLC, a Delaware limited liability company (" Intermediate "), KRP Legacy NBR, LLC, a Delaware limited liability company (" KRP Legacy "), and Kimbell Crest Minerals LLC, a Delaware limited liability company (" Kimbell Crest " and,…” |
Source: SEC EDGAR. Quotes are the opening words of each item as filed; each form links to the filing. Insider Form 4 filings are listed in the insider sections.
KRP revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Oil & Gas | $103.0M | 91.6% | +38.0% |
| — Oil & Condensate (part of Oil & Gas) | $76.1M | 67.7% | +55.9% |
| — Natural Gas Midstream (part of Oil & Gas) | $13.7M | 12.2% | -10.6% |
| — NGL Revenue (part of Oil & Gas) | $13.3M | 11.8% | +25.3% |
| Lease Bonus & Other Income | $3.3M | 3.0% | +32.0% |
| Total revenue | $112.5M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
KRP suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Kimbell Royalty GP | “References to "our General Partner" refer to Kimbell Royalty GP, LLC.” |
| Partner | Delaware Revised Uniform | “Under Section 17-607 of the Delaware Revised Uniform Limited Partnership Act (the "Delaware Act"), we may not pay a distribution to our unitholders if the distribution would cause our liabilities to exceed the fair value of our assets.” |
Quoted from the company's 10-K filed Feb 26, 2026.
KRP customer concentration
In the period ended Dec 31, 2025, a single direct customer accounted for 7.7% of revenue, per the company's 10-K filed Feb 26, 2026. The company does not name it.
KRP company outlook (results filed Aug 7, 2026)
- “Even excluding any uplift from the Acquired Production in the Mesa Royalties acquisition, our production grew organically in Q2 2026, resulting in oil, natural gas and NGL revenues exceeding $100 million for the first time, while cash G&A per BOE remained below the mid-point of guidance, generating positive operating leverage and distribution growth.”
- “Kimbell Royalty Partners, LP – News Release Page 3 Kimbell expects that approximately 47% of its second quarter 2026 distribution should not constitute dividends for U.S. federal income tax purposes, but instead are estimated to constitute non-taxable reductions to the basis of each distribution recipient's ownership interest in Kimbell common units.”
- “Additionally, Kimbell utilized approximately $1.4 million of cash flows expected to be received from the Q2 2026 Acquired Production from June 1, 2026 to June 21, 2026, to pay outstanding borrowings under its credit facility and to distribute the additional cash flows to common unitholders.”
- “As a result, as of the distribution record date of August 17, 2026, the Company's economic ownership of OpCo is expected to be approximately 88% and the NCI is 12%.”
Quoted word-for-word from the SEC 8-K results press release.
KRP analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.26 | $0.21 | +22.5% | $102.9M | 3 |
| Next quarter (ends Dec 2026) | $0.33 | $0.24 | +38.9% | $111.7M | 3 |
| Current fiscal year (ends Dec 2026) | $1.08 | $0.85 | +25.9% | $395.1M | 3 |
| Next fiscal year (ends Dec 2027) | $1.04 | $0.86 | +20.5% | $402.7M | 3 |
KRP options: expected move
Options price a move of about ±6.6% (±$1.13) by Nov 20, 2026, which includes earnings on Nov 5, 2026. Over the last 8 reports the stock moved ±3.2% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 22 | 22.6% | ±6.6% |
| Jan 15, 2027 | 78 | 19.9% | ±8.4% |
| Apr 16, 2027 | 169 | 20.9% | ±12.7% |
30-day implied volatility 17.6% vs 18.2% realized over the last 30 trading days. Put/call ratio (volume) 0.22. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 29, 2026 at 09:39 UTC)
| Price | USD 16.97 |
|---|---|
| Change | ▲ 1.01% (up) |
| Previous Close | USD 16.8 |
| Open | USD 16.94 |
| Day Range | USD 16.82 – 17.12 |
| 52-Week Range | USD 11.31 – 17.12 |
| Volume | 664,130 shares |
| Market Cap | $2.18B |
| Exchange | NYQ |
Technical Analysis (KRP)
Nexqual's technical model rates KRP "BUY" based on 5 bullish and 2 bearish signals across 127 daily candles, as of October 29, 2026 at 09:39 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 75.86 (overbought) |
| vs SMA50 | Above (USD 15.25) |
| MACD | 0.55 (positive) |
Analyst Ratings (KRP)
Wall Street analysts rate KRP "Buy" based on 6 analysts, with a mean price target of USD 19.2 (range USD 17–23), per Nexqual as of October 29, 2026 at 09:39 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 6 |
| Mean Target | USD 19.2 |
| High Target | USD 23 |
| Low Target | USD 17 |
| Buy / Hold / Sell | 4 / 2 / 0 |
Earnings (KRP)
| Next Earnings Date | 2026-11-05 |
|---|---|
| EPS Estimate | USD 0.26 |
| Revenue Estimate | $102.89M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.28 vs est 0.27 ▲ beat |
| 2026-03-31 | USD 0.21 vs est 0.21 ▼ miss |
| 2025-12-31 | USD 0.21 vs est 0.14 ▲ beat |
| 2025-09-30 | USD 0.21 vs est 0.16 ▲ beat |
Source: Nexqual, October 29, 2026 at 09:39 UTC.
Financials & Fundamentals (KRP)
| Total Revenue | $344.86M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +37.80% |
| Gross Margin | +93.20% |
| Operating Margin | +56.11% |
| Profit Margin | +25.85% |
| ROE | +12.44% |
| Debt / Equity | 0.58 |
| Current Ratio | 7.3 |
| Total Cash | $44.93M |
| Total Debt | $483.27M |
Source: Nexqual, October 29, 2026 at 09:39 UTC.
Financial Health Score (KRP)
Nexqual rates Kimbell Royalty Partners, LP's overall financial health "Solid" across five dimensions, as of October 29, 2026 at 09:39 UTC.
| Growth | Solid — Revenue +8% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 93%, operating 40% (last 12 months) |
| Balance Sheet | Strong — $45M cash vs $483M debt |
| Cash Flow | Solid — Operating cash flow $246M (FY ended Dec 2025, 10-K) |
| Efficiency | Solid — ROE not meaningful (equity is not reported); ROA 7.6% (last 4 quarters, SEC) |
Ownership (KRP)
| Insider Ownership | +10.29% |
|---|---|
| Institutional Ownership | +32.03% |
| Shares Outstanding | 100.90M |
| Float | 95.33M |
| Short % of Float | +4.08% |
Source: Nexqual, October 29, 2026 at 09:39 UTC.
Leadership (KRP)
Kimbell Royalty Partners, LP is led by Robert Dean Ravnaas, Chairman of the Board & CEO of Kimbell Royalty GP LLC, per Nexqual as of October 29, 2026 at 09:39 UTC.
| Chairman of the Board & CEO of Kimbell Royalty GP LLC | Robert Dean Ravnaas |
|---|---|
| Executive Vice Chairman of Kimbell Royalty GP LLC | Brett G. Taylor |
| President & CFO of Kimbell Royalty GP LLC | Robert Davis Ravnaas |
| COO & Secretary of Kimbell Royalty GP LLC | Matthew S. Daly |
| Vice President of Finance & Investor Relations | Andrew Cardwell |
Major Backers & Investors (KRP)
Notable institutional backers of Kimbell Royalty Partners, LP include Van Eck Associates Corporation, American Century Companies Inc, Morgan Stanley, according to Nexqual as of October 29, 2026 at 09:39 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Van Eck Associates Corporation | 3.6% |
| American Century Companies Inc | 3.35% |
| Morgan Stanley | 1.88% |
| Raymond James Financial, Inc. | 1.58% |
| Algert Global, LLC | 1.38% |
| Encap Investments L.P. | 1.29% |
| Brighthouse Funds Trust II-VanEck Global Natural Resources Portfolio | 1.06% |
| UBS Group AG | 0.97% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 1.05% |
Source: Nexqual, October 29, 2026 at 09:39 UTC.
From Kimbell Royalty Partners, LP's Latest SEC 10-K Filing (filed 2026-02-26)
Key Strengths & Strategy (as disclosed to the SEC)
- As of December 31, 2025, there were 85 rigs (representing 16.1% market share of all rigs drilling in the continental United States as of such time) operating on our acreage compared to 87 rigs operating on our acreage as of December 31, 2024.
Partnerships
- Certain Relationships and Related Party Transactions, and Director Independence—Agreements and Transactions with Affiliates in Connection with our Initial Public Offering—Contribution Agreement." We have a $625.0 million secured revolving credit facility.
Legal & Regulatory Risks (Item 1A, quoted)
- 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.
- The operators of our properties may incur significant delays, costs and liabilities as a result of environmental and occupational health and safety laws and regulations applicable to their exploration, development and production activities on our properties.
- 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.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| BSM | Black Stone Minerals, L.P. | USD 14.86 | ▲ 0.41% |
| BTE | Baytex Energy Corp | USD 5.46 | ▲ 0.74% |
| CRK | Comstock Resources, Inc. | USD 14.87 | ▼ 0.2% |
| CRC | California Resources Corporatio | USD 54.72 | ▲ 1.13% |
| CRGY | Crescent Energy Company | USD 13.75 | ▲ 0.44% |
| CNX | CNX Resources Corporation | USD 38.05 | ▼ 1.37% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 29, 2026 at 09:39 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt