Kimbell Royalty Partners, LP KRP

What this company does

Kimbell Royalty Partners, LP is a Delaware limited partnership formed in 2015 to own and acquire mineral and royalty interests in oil and natural gas properties throughout the United States. As of December 31, 2025, it owned mineral and royalty interests in approximately 12.3 million gross acres and overriding royalty interests in approximately 4.7 million gross acres, with approximately 54% of its aggregate acres located in the Permian Basin and Mid-Continent. Its mineral and royalty interests are located in 28 states and in every major onshore basin across the continental United States, and include ownership in over 133,000 gross wells, including over 53,000 wells in the Permian Basin. For the year ended December 31, 2025, its oil, natural gas and NGL revenues were generated 62% from oil sales, 25% from natural gas sales and 13% from NGL sales. As of December 31, 2025, there were approximately 1,300 operators actively producing on its acreage, with its top ten operators together accounting for approximately 47.1% of its revenues. As of December 31, 2025, the estimated proved oil, natural gas and NGL reserves attributable to its interests in its underlying acreage were 72,944 MBoe, 51.2% liquids consisting of 30.1% oil and 21.1% NGLs, based on the reserve report prepared by Ryder Scott Company, L.P., and all of its reserves were classified as proved developed reserves. It categorizes its oil and gas assets into two groups, mineral interests and overriding royalty interests.

Written from the business description in Kimbell Royalty Partners, LP's annual report to the U.S. Securities and Exchange Commission, filed 26 February 2026. Every sentence was checked against that document before publication.