Kimbell Royalty Partners reported a record operational quarter, although headline financial figures fell short of analyst consensus estimates. The Partnership reported GAAP total revenues of $86.3 million and a distribution of $0.45 per common unit, representing a 75% payout of cash available for distribution.

Key Highlights

  • Record average daily production reached 27,565 Boe/d, a figure that includes 41 days of contribution from the $221.2 million Drop Down acquisition closed in August.
  • Consolidated Adjusted EBITDA was $80.4 million, which increases to $87.5 million when including acquired production from the June 1, 2026 effective date.
  • Active drilling remains robust with 93 rigs on acreage as of quarter-end, representing approximately 16% of the total U.S. land rig count.