Kimbell Royalty Partners, LP reported a decline in financial performance for the first quarter of 2026, with total revenues of $65.5 million, down from $84.2 million in the same period of 2025. The decrease was primarily attributed to lower oil, natural gas, and NGL revenues, which fell to $82.9 million from $89.9 million year-over-year. The company experienced a loss of $18.7 million on commodity derivative instruments, compared to a loss of $6.1 million in the prior year, further impacting profitability. Net income for the quarter was $6.9 million, a significant decrease from $25.9 million in the first quarter of 2025, resulting in a net income per common unit of $0.04, down from $0.20.
In terms of operational metrics, Kimbell Royalty Partners reported production volumes of 2.3 million Boe for the first quarter of 2026, slightly up from 2.3 million Boe in the previous year. The average prices received for oil increased marginally to $69.55 per barrel, while natural gas prices decreased to $3.15 per Mcf, reflecting market volatility. The company’s total assets decreased to $1.19 billion as of March 31, 2026, down from $1.23 billion at the end of 2025, primarily due to changes in cash and receivables.
Strategically, Kimbell Royalty Partners has been active in managing its capital structure, including a common unit repurchase program approved in March 2026, allowing for the repurchase of up to $100 million in common units. The company executed its first repurchase under this program in March, acquiring 500,000 common units at an average price of $14.60. Additionally, the company continues to focus on its growth strategy through acquisitions, having previously completed the Boren Acquisition in January 2025, which added significant mineral and royalty interests.
The company’s financial outlook remains cautious amid ongoing global economic uncertainties, including geopolitical tensions and fluctuating commodity prices. Kimbell Royalty Partners has indicated that it will continue to monitor market conditions closely and adjust its strategies accordingly. The partnership has also reaffirmed its commitment to providing cash distributions to unitholders, declaring a quarterly cash distribution of $0.41 per common unit for the first quarter of 2026, which is scheduled for payment on May 27, 2026. The company’s management remains focused on maintaining operational efficiency and exploring further acquisition opportunities to enhance its asset base.
About Kimbell Royalty Partners, LP
Kimbell Royalty Partners owns and acquires mineral and royalty interests in U.S. oil and natural gas properties. Its assets include interests in over 12 million acres across major basins, generating revenue from royalty payments on production. The company benefits from diversified, low-decline assets, extensive industry expertise, and exposure to high-quality resource plays, providing long-term cash flow without funding exploration or development costs.
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