Q4 2025 Kimbell Royalty Partners LP Earnings Call Transcript

Feb 26, 2026 / 04:00 PM GMT

Release Date Price: $14.5 (+2.62%)

Transcript 10-K8-K

Key Points

Positve

Kimbell Royalty Partners LP (KRP) reported strong fourth-quarter results, capping off an outstanding year with a $230 million acquisition in the Midland Basin.
The company declared a Q4 2025 distribution of $0.37 per common unit, up 6% from Q3 2025, focusing on returning value to unit holders.
KRP's pre-developed reserves increased approximately 8% in 2025 to a record level of nearly 73 million BOE.
The active rig count remains strong with 85 rigs drilling across KRP's acreage, representing a market share of US land rigs at 16%.
KRP maintains a conservative balance sheet with a net debt to trailing 12 months consolidated adjusted EBITDA of approximately 1.5 times, and $183.5 million in undrawn capacity under its secured revolving credit facility.

Negative

KRP's fourth-quarter general and administrative expenses were $10.4 million, with $6.2 million being cash G&A expense, which may indicate high operational costs.
The company faces uncertainty in production cadence for 2026 due to lack of control over development.
KRP's exposure to the Permian Basin means it is affected by seasonal fluctuations in natural gas differentials, which can impact revenues.
The competitive landscape for M&A outside the Permian Basin remains challenging, despite reduced competition.
KRP's net debt has only decreased by $30 million in the last six months, indicating slow progress in debt reduction.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

KRP.N - Kimbell Royalty Partners LP
Q4 2025 Kimbell Royalty Partners LP Earnings Call
Feb 26, 2026 / 04:00PM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Greetings and welcome to the Kimbell Royalty Partners 4th quarter earnings conference call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press 0 on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Rick Black, Investor Relations.

Thank you, Rick. You may begin.

--------------------------------------------------------------------------------
Unidentified_2 [2]
--------------------------------------------------------------------------------
Thank you, operator, and welcome

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

7-Day Free Trial · Cancel Anytime

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.