Kimbell Royalty Partners, LP (KRP)

Kimbell Royalty Partners, LP, together with its subsidiaries, owns and acquires mineral and royalty interests in oil and natural gas properties in the United States. The company was founded in 1998 and is based in Fort Worth, Texas.

Ticker
KRP
Exchange
NYSE
Sector
Energy
Industry
Oil & Gas E&P
Market cap
$1.51B
52-week range
$11.31 - $17.12

Valuation

Share price
$15.15 (close of Nov 6, 2026)
P/E (TTM)
15.82x
Price to book
1.61x
Price to free cash flow
6.49x
Enterprise value
$2.02B
Book value per share
$9.42

Price performance

PeriodChange
1 day+0.80%
5 days-10.25%
1 month+1.41%
3 months+4.41%
6 months+3.84%
Year to date+28.83%
1 year+15.12%
3 years-7.73%
5 years+0.93%
All time-26.60%

Short interest

As of
Oct 15, 2026
Short % of float
4.11%
Shares short
3.92M
Days to cover
5.48
Change since prior report
+0.75%
Source
FINRA consolidated short interest

Profitability and growth

Return on equity
12.89%
Return on invested capital
10.90%
Return on assets
8.11%
Return on capital employed
10.90%
Gross margin
56.57%
Net margin
29.85%
EBITDA margin
77.10%
Revenue growth
7.93%
Free cash flow growth
-1.78%

Cash flow and balance sheet

Free cash flow yield (TTM)
15.42%
Current ratio
3.79x
Net debt to EBITDA
1.92x

Latest reported year

Period end
Dec 31, 2025
Fiscal year
2025
Revenue
$333.83M
Cost of revenue
$144.99M
Gross profit
$188.84M
EBITDA
$257.38M
Net income
$99.65M
Earnings per share
$1.10
Interest expense
$34.47M
Shares outstanding
90.80M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-12-31$333.83M$188.84M$99.65M$1.10
2024-12-31$309.31M$91.66M$11.07M$0.15
2023-12-31$294.07M$158.12M$83.01M$1.25
2022-12-31$248.06M$179.43M$130.79M$2.42
2021-12-31$135.62M$88.34M$42.44M$0.00
2020-12-31$90.48M--$256.09M$0.00
2019-12-31$108.23M--$158.21M$0.00
2018-12-31$70.26M--$52.28M$0.00

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-12-3156.57%29.85%12.89%10.90%
2024-12-3129.63%3.58%1.28%3.34%
2023-12-3153.77%28.23%8.07%8.01%
2022-12-3172.33%52.73%16.08%12.80%
2021-12-3165.14%31.29%12.17%8.66%
2020-12-31--283.03%-67.70%-45.21%
2019-12-31--146.18%-24.72%-20.40%
2018-12-31--74.41%-7.90%-6.43%

Cash and debt by year

Period endCashDebt
2025-12-31$43.98M$441.50M
2024-12-31$34.17M$239.16M
2023-12-31$30.99M$294.20M
2022-12-31$24.64M$233.02M
2021-12-31$7.05M$217.12M
2020-12-31$9.80M$171.55M
2019-12-31$14.20M$100.14M
2018-12-31$15.77M$87.31M
2017-12-31$5.63M$30.84M
2016-12-31$505.88K$10.60M

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31$246.46M$16.32M
2024-12-31$250.92M$16.39M
2023-12-31$174.27M$13.11M
2022-12-31$166.64M$11.11M
2021-12-31$91.44M$10.63M
2020-12-31$62.25M$9.26M
2019-12-31$80.70M$7.50M
2018-12-31$32.80M$3.17M

Dividend history

Most recent payment
Aug 17, 2026
Paid in the last twelve months
$1.60
Payment dateDividend per share
2026-08-17$0.47
2026-05-19$0.41
2026-03-18$0.37
2025-11-17$0.35
2025-08-18$0.38
2025-05-20$0.47
2025-03-18$0.40
2024-11-18$0.41

Investor relations

Past earnings dates

ReportedFiscal periodEPS estimate
2026-11-05Sep 2026$0.24
2026-08-07Jun 2026$0.25
2026-05-07Mar 2026$0.23
2026-02-26Dec 2025$0.14
2025-11-06Sep 2025$0.13
2025-08-07Jun 2025$0.14
2025-05-08Mar 2025$0.15
2025-02-27Dec 2024$0.19

Filings and sources

Company website
kimbellrp.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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