Kimbell Royalty Partners Reports Record Production and Significant Asset Expansion in Q3 2026
Kimbell Royalty Partners (KRP) achieved record average daily production of 27,565 Boe/d during the third quarter of 2026, marking a 7% increase over the previous quarter. This growth was driven by a combination of organic activity and aggressive M&A strategies, including $367 million in acquisitions closed since June 2026 aimed at consolidating fragmented royalty interests. The company reported consolidated adjusted EBITDA of $80.4 million and net income attributable to common units of $12.4 million ($0.12 per unit). Management also announced the redemption of 50% of remaining Series A Cumulative Convertible Preferred Units, a move intended to reduce preferred unit face value to less than 3% of the company's $2.8 billion enterprise value. Financially, KRP maintains a strong position with a net debt to trailing 12-month adjusted EBITDA ratio of 1.5x and an undrawn revolving credit capacity of $124.2 million. The company continues to leverage high unhedged oil production (84% for Q4) to capitalize on potential price increases in the energy market.
Tickers: $KRP
Topics: cash_distribution ebitda net_income production_increase revenue
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