earnings
confidence high
sentiment positive
materiality 0.80
Kimbell Royalty Partners Q2 2026 record revenue, EBITDA; distribution up 15% to $0.47
Kimbell Royalty Partners, LP
- Record Q2 production 25,830 Boe/d (6:1); includes 9 days from $145.9M Mesa Royalties acquisition closed June 22.
- Record oil, gas, NGL revenue $103.0M; total revenue $112.5M; net income $47.3M; consolidated Adjusted EBITDA $84.9M.
- Q2 distribution $0.47/unit, up 15% QoQ; 13.0% annualized yield; 75% payout ratio; ~47% return of capital.
- Borrowing base raised from $625M to $660M; repurchased 500k units for $7.4M ($14.70/unit).
- Affirms 2026 guidance; Drop Down acquisition announced July 17, 2026 expected to close this month; over $360M deals in 90 days.