Business
Kimbell Royalty Partners Announces First Quarter 2026 Results
Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell" or the "Partnership"), a leading owner of oil and natural gas mineral and royalty interests in over 133,000 gross wells across 28 states, today announced financial and operating results for the quarter ended March 31, 2026.
About this update from Kimbell Royalty Partners
[{"type":"text","content":"Q1 2026 Run-Rate Daily Production of 25,522 Boe/d (6:1)","length":55,"tagName":"p","attribs":{}},{"type":"text","content":"Activity on Acreage Remains Robust with 85 Active Rigs Drilling Representing 16%1 Market Share of U.S. Land Rig Count","length":122,"tagName":"p","attribs":{}},{"type":"text","content":"Announces Q1 2026 Cash Distribution of $0.41 per Common Unit","length":60,"tagName":"p","attribs":{}},{"type":"text","content":"FORT WORTH, Texas, May 7, 2026 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell" or the "Partnership"), a leading owner of oil and natural gas mineral and royalty interests in over 133,000 gross wells across 28 states, today announced financial and operating results for the quarter ended March 31, 2026.","length":352,"tagName":"p"},{"type":"text","content":"First Quarter 2026 Highlights ","length":29,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Q1 2026 run-rate daily production of 25,522 barrels of oil equivalent ("Boe") per day (6:1)","length":101,"tagName":"p"}]},{"val":[{"type":"text","content":"Q1 2026 oil, natural gas and NGL revenues of $82.9 million","length":63,"tagName":"p"}]},{"val":[{"type":"text","content":"Q1 2026 net income of approximately $6.9 million and net income attributable to common units of approximately $4.0 million","length":122,"tagName":"p"}]},{"val":[{"type":"text","content":"Q1 2026 consolidated Adjusted EBITDA of $68.0 million","length":53,"tagName":"p"}]},{"val":[{"type":"text","content":"Cash G&A per BOE of $2.31 in Q1 2026, below low-end of guidance reflecting operational discipline and positive operating leverage","length":133,"tagName":"p"}]},{"val":[{"type":"text","content":"As of March 31, 2026, Kimbell's major properties2 had 6.85 net DUCs and net permitted locations on its acreage compared to an estimated 6.80 net wells needed to maintain flat production","length":194,"tagName":"p"}]},{"val":[{"type":"text","content":"As of March 31, 2026, Kimbell had 85 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","length":199,"tagName":"p"}]},{"val":[{"type":"text","content":"Announced a Q1 2026 cash distribution of $0.41 per common unit, reflecting a p...