Kimbell Royalty Partners, LP 8K

Kimbell Royalty Partners announced record Q2 2026 production and financial results, increased its credit facility borrowing base, raised its quarterly distribution while using 25% of distributable cash to pay down debt, and highlighted continued acquisition-driven and organic growth with robust drilling activity on its acreage.

Kimbell Royalty Partners, LP reported record second quarter 2026 financial and operational results, including record production of 25,830 Boe/d, oil, gas and NGL revenues of $103.0 million, consolidated Adjusted EBITDA of $84.9 million and net income of $47.3 million, reflecting both organic growth and the impact of its $145.9 million Mesa Royalties acquisition that closed June 22, 2026 with an effective date of June 1, 2026. The partnership increased the borrowing base and aggregate commitments on its secured revolving credit facility from $625 million to $660 million, ended the quarter with $478.7 million of debt and net debt to trailing twelve-month consolidated Adjusted EBITDA of 1.4x, and repurchased and cancelled 500,000 common units for approximately $7.4 million funded with revolver borrowings. Kimbell’s Board approved a second quarter 2026 cash distribution of $0.47 per common unit (75% of cash available for distribution), a 15% increase from Q1 2026 and implying a 13.0% annualized yield, while allocating the remaining 25% of cash available for distribution (about $17.9 million) to repay revolver borrowings; approximately 47% of the distribution is expected to be treated as return of capital for U.S. tax purposes. Operationally, the partnership reported 91 rigs actively drilling on its acreage (about 16% share of U.S. land rigs) and 7.39 net DUCs and permitted locations versus 7.20 net wells needed to maintain flat production, affirmed its 2026 financial and operational guidance, and indicated it expects to update guidance upon closing a previously announced drop-down acquisition later in August 2026.

Filing Facts

CIK

1657788

Ticker

-

Form

8K

Source Type

sec

Accession

0001104659-26-092355

Alert Tier

7