Kimbell Royalty Partners, LP reported a total revenue of $333.8 million for the fiscal year ending December 31, 2025, marking an increase of 7.9% from $309.3 million in 2024. The rise in revenue was primarily driven by a combination of increased production volumes and higher average prices for natural gas, despite a decline in oil and natural gas liquids (NGL) prices. The company’s oil, natural gas, and NGL revenues for 2025 were $317.5 million, up from $304.6 million in 2024. The average realized prices for oil decreased to $63.84 per barrel from $75.98, while natural gas prices increased to $2.93 per Mcf from $1.82.
In terms of operational performance, Kimbell Royalty Partners reported production volumes of 9.4 million barrels of oil equivalent (Boe) for 2025, an increase of 3.3% from 9.1 million Boe in 2024. This growth was attributed to the Boren Acquisition, which contributed significantly to the production increase. The company also noted that it had interests in approximately 12.3 million gross acres and 4.7 million gross acres of overriding royalty interests, with over 99% of these acres leased to working interest owners.
The company undertook significant strategic developments during the year, including the Boren Acquisition, which was a key driver of its production growth. Kimbell Royalty Partners also maintained a conservative capital structure, with a secured revolving credit facility of $625 million, and allocated 25% of its cash available for distribution to repay outstanding borrowings. The company’s management emphasized its focus on acquiring additional mineral and royalty interests to enhance its asset base and cash flow.
Looking ahead, Kimbell Royalty Partners expressed optimism about its growth prospects, driven by ongoing development activities by operators on its properties. The company highlighted its exposure to major resource plays across the United States, including the Permian Basin and Mid-Continent regions, which are expected to continue to attract investment and development. However, the company acknowledged that its financial performance could be impacted by fluctuations in commodity prices and the overall economic environment, which remain volatile due to geopolitical tensions and market dynamics.
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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