Kimbell Royalty Partners, LP

Kimbell Royalty Partners, LP announced the completion of its previously announced acquisition of mineral and royalty interests from Mesa Royalties for approximately $145.9 million. The consideration comprised $44 million in cash and 6,929,000 OpCo Common Units and Class B Units. The acquired assets, located in the Permian Basin, are estimated to produce 1,390 Boe/d and include 711 Net Royalty Acres. Kimbell also entered into a Registration Rights Agreement related to the newly issued units.

Kimbell Royalty Partners, LP announced an agreement to acquire mineral and royalty interests in the Permian Basin from Mesa Royalties for approximately $147.0 million. The consideration comprises $44.0 million in cash and 6.9 million newly issued OpCo units. The acquisition is expected to be immediately accretive to distributable cash flow per unit, with an estimated $23.3 million in next twelve months (NTM) cash flow and 1,390 Boe/d of NTM production. The transaction is anticipated to close in the second quarter of 2026, with an effective date of June 1, 2026.

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.

Kimbell Royalty Partners announced its first quarter 2026 financial and operating results, reporting a run-rate daily production of 25,522 Boe/d and net income of $6.9 million. The company declared a cash distribution of $0.41 per common unit, representing a 75% payout ratio, and repurchased 500,000 common units for approximately $7.3 million. Kimbell also affirmed its 2026 financial and operational guidance.