Kimbell Royalty Partners announces $215.4M drop down acquisition of oil and gas royalty interests

Kimbell Royalty Partners, LP

Total consideration $215.4M: $74.9M cash + 9.5M OpCo common units valued at $140.5M.
Acquired ~2,568 net royalty acres (20,547 normalized to 1/8th) in Eagle Ford, Permian, Mid-Con, Appalachia.
Expected Q3 2026 production 2,347 boe/d (841 bbl/d oil, 569 bbl/d NGLs, 5,624 Mcf/d gas).
Expected close August 21, 2026; effective date June 1, 2026; immediately accretive to distributable cash flow.
Sellers subject to 90-day lockup; transaction approved by Conflicts Committee with Evercore as financial advisor.

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