Kimbell Royalty closes $221.2M dropdown, boosts Q3/Q4 2026 production guidance

Kimbell Royalty Partners, LP

Closed dropdown from Rivercrest/Cupola for ~$221.2M: $74.9M cash + 9.5M OpCo units valued ~$146.3M.
Acquired assets produce ~2,347 Boe/d (841 bbl oil, 569 bbl NGL, 5,624 Mcf gas) across 3M+ gross acres; effective June 1, 2026.
Q3 2026 net production guidance raised to 26.5-29.5 Mboe/d (midpoint 10% above prior); Q4 27.7-30.7 Mboe/d (15% above prior).
Cash G&A per Boe cut to $2.35-$2.55 in Q3 and $2.25-$2.45 in Q4; payout ratio set at 75% of cash available for distribution.

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