Quarterly ResultMay 7, 2026, 04:15 PM
Kimbell Royalty Partners Q1 Net Income Down 73% to $6.94M; EPS $0.04
AI Summary
Kimbell Royalty Partners reported a significant decline in its first-quarter 2026 financial results, with net income falling 73% to $6.94 million and total revenues decreasing 22.2% to $65.54 million. This was largely impacted by a substantial loss on commodity derivative instruments. The company also initiated a common unit repurchase program and bought back $7.3 million in units during the quarter.
Key Highlights
- Net income decreased 73.1% to $6.94 million for Q1 2026 from $25.85 million in Q1 2025.
- Total revenues fell 22.2% to $65.54 million in Q1 2026 from $84.21 million in Q1 2025.
- Basic and diluted EPS were $0.04, down 80% from $0.20 in the prior year quarter.
- Loss on commodity derivative instruments, net, was $18.68 million in Q1 2026, compared to a $6.05 million loss in Q1 2025.
- Net cash provided by operating activities decreased 8.7% to $49.43 million.
- The company repurchased 500,000 common units for $7.3 million under a new $100 million buyback program.
- Long-term debt slightly decreased to $440.9 million as of March 31, 2026.