Kimbell Royalty Partners Q1 FY26 net income drops to $6.9 million; revenue falls to $65.5 million

Kimbell Royalty Partners LP

Kimbell Royalty Partners LP

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  • Kimbell Royalty Partners posted Q1 net income of USD 6.9 million, with net income attributable to common units at USD 4 million, or USD 0.04 per unit.
  • Revenue fell to USD 65.5 million from USD 84.2 million a year earlier, reflecting an USD 18.7 million loss on commodity derivative instruments.
  • Consolidated adjusted EBITDA slipped to USD 68 million from USD 75.5 million a year earlier, while run-rate daily production totaled 25,522 Boe/d.
  • Cash distribution set at USD 0.41 per common unit, implying an 11.2% annualized yield based on May 6 closing price; 25% of cash available for distribution earmarked to repay about USD 14.5 million of revolver borrowings.
  • Activity remained robust with 85 rigs drilling on acreage, representing about 16% of US land rigs, while guidance ranges for 2026 were reaffirmed.


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