Kimbell Royalty Partners, LP(KRP)Stock Analysis
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Rank #430 of 2,879 stocksTOP 25%
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
KRP Stock Analysis & AI Quality Score
AI stock analysis and institutional research for Kimbell Royalty Partners, LP (KRP), a Energy sector company. 13F Pro's AI-powered ranking engine scores KRP at 68.1/100 on a 32-signal composite quality model, placing it at rank #430 of 2,879 stocks — the top 25% of the AI-ranked universe. KRP scores in the top quartile across institutional flow (96.1), free cash flow (95.9), profitability (89.6). Areas of concern include revenue scale (30.7), which score below median versus the broader universe. Shareholder dilution risk is elevated at 26.0/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), Kimbell Royalty Partners, LP reports quarterly revenue of $65.5M, net income of $6.9M, free cash flow of $49.4M. Top institutional holders of KRP by reported 13-F value include EnCap Investments L.P., AMERICAN CENTURY COMPANIES, RAYMOND JAMES FINANCIAL, based on the most recent SEC filings. KRP trades on the NYSE exchange and files with the SEC under CIK 1657788. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate KRP daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Kimbell Royalty Partners, LP directly from SEC EDGAR. Kimbell Royalty Partners, LP's 13F Pro composite quality score has ranged between 65 and 75 since 2024, currently 68.1 — a declining long-term trajectory across 15 quarterly and live scoring snapshots.
What's Driving KRP's Business? Latest 10-Q Breakdown
AI-extracted from Kimbell Royalty Partners, LP's 10-Q filed 2026-05-07 — Q1 2026 (quarter ended March 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Oil, natural gas and NGL revenues of $82.9M declined 7.9% YoY despite flat production, dragged by $18.7M derivative loss versus $6.1M prior year.
Biggest Revenue Drivers
Slight increase in production volumes (21 Boe/d) offset by decrease in average natural gas prices (-18.6% to $3.15/Mcf) and NGL prices (-14.5% to $23.93/Bbl), partially offset by 0.4% increase in oil prices to $69.55/Bbl.
Increase due to a large number of lease bonuses received during Q1 2026.
$18.8M mark-to-market losses from increase in strip pricing from prior quarter, partially offset by $0.1M gains on settlements.
Largest Expense Items
Gradual reduction in depletable base of oil and natural gas properties; average depletion rate decreased to $12.74/barrel from $13.52/barrel.
Increase due to higher overall debt balance from additional borrowings to complete partial redemption of Series A preferred units.
Increase primarily attributable to higher production volumes and increased oil prices, partially offset by lower natural gas and NGL prices.
Decrease in cash general and administrative expenses, partially offset by increase in unit-based compensation expense.
Margins: Operating income declined 53% to $15.8M from $33.6M YoY, primarily due to $18.7M mark-to-market derivative loss versus $6.1M prior year. Gross operational margins stable despite commodity headwinds, but derivative accounting significantly pressured bottom-line results.
Watch Items from the Filing
- Commodity derivative losses of $18.7M in Q1 2026 versus $6.1M prior year; unfavorable fair value position of ($9.8M) on balance sheet as of March 31, 2026 creates earnings volatility.
- Natural gas prices declined 18.6% YoY to $3.15/Mcf; Partnership holds significant exposure to natural gas volatility with hedges extending through March 2028.
- Long-term debt of $440.9M at March 31, 2026; Debt to EBITDAX ratio covenant must not exceed 3.5x (Partnership in compliance); interest expense rising with debt levels.
- Repurchase Program approved March 6, 2026 for up to $100M through December 31, 2027; $14.7M executed in Q1 2026, signaling confidence despite near-term margin pressure.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Revenue
Q1 2026
$65.5M
Net Income
Q1 2026
$6.9M
Free Cash Flow
Q1 2026
$49.4M
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+5.2% YoYOperating Income
-66.3% YoYTotal Assets
-16.3% YoYTotal Debt
Op. Cash Flow
+44.0% YoY| Metric | FY 2024 | FY 2023 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|
| Revenue | $309.3M +5.2% | $294.1M +116.8% | $135.6M +49.9% | $90.5M -16.4% | $108.2M +54.0% | $70.3M |
| Operating Income | $37.0M -66.3% | $109.9M +122.8% | $49.3M +119.7% | $-250.7M -65.4% | $-151.6M -214.7% | $-48.2M |
| Total Assets | $1.12B -16.3% | $1.34B +122.4% | $601.5M +6.5% | $564.6M -24.6% | $748.6M -0.6% | $753.3M |
| Total Debt | — | — | — | $171.6M +71.3% | $100.1M +14.7% | $87.3M |
| Operating Cash Flow | $250.9M +44.0% | $174.3M +90.6% | $91.4M +46.9% | $62.2M -22.9% | $80.7M +143.1% | $33.2M |
AI Insight: KRP Financial Trends
KRP revenue declined 21% to $66M in Q1 2026, the lowest quarterly figure in nearly two years.
• Revenue fell from $82M in Q4 2025 to $66M in Q1 2026, marking the lowest quarterly revenue since Q2 2024.
• Operating income dropped 52% from $33M in Q4 2025 to $16M in Q1 2026.
• Operating cash flow declined 14% quarter-over-quarter from $57M to $49M in Q1 2026.
⚠ Q4 2024 posted negative $39M operating income, creating earnings volatility pattern worth monitoring.
⚠ Revenue volatility ranges from $66M to $87M over past eight quarters, indicating inconsistent production or pricing.
AI Insight: KRP Ratio Trends
Kimbell's operating margin collapsed to 24.1% in Q1 2026 from 39.6% in Q4 2025, hitting the lowest level since the anomalous Q4 2024 loss period.
• Operating margin declined sharply from 39.6% in Q4 2025 to 24.1% in Q1 2026, a 15.5 percentage point drop.
• Margins showed strong recovery from Q4 2024's -58.0% loss through Q2 2025's peak of 43.7% before recent deterioration.
⚠ Q1 2026 margin of 24.1% represents the weakest performance in five quarters excluding the Q4 2024 anomaly.
⚠ Lack of profitability and return metrics limits visibility into underlying business quality and capital efficiency trends.
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Available Research
13F Pro tracks comprehensive data for Kimbell Royalty Partners, LP including:
Top Institutional Holders of KRP
EnCap Investments L.P.
$78.6M5,432,224 shAMERICAN CENTURY COMPANIES INC
$46.4M3,203,838 shRAYMOND JAMES FINANCIAL INC
$19.4M1,341,870 shMORGAN STANLEY
$16.1M1,113,475 shMILLENNIUM MANAGEMENT LLC
$14.4M996,515 shUBS Group AG
$13.4M923,958 shNOMURA ASSET MANAGEMENT INTERNATIONAL INC.
$13.0M895,498 shVANGUARD PORTFOLIO MANAGEMENT LLC
$11.9M819,883 shMARSHALL WACE, LLP
$9.9M683,116 shROYAL BANK OF CANADA
$8.6M596,687 sh
| Fund | Value | Shares |
|---|---|---|
| EnCap Investments L.P. | $78.6M | 5,432,224 |
| AMERICAN CENTURY COMPANIES INC | $46.4M | 3,203,838 |
| RAYMOND JAMES FINANCIAL INC | $19.4M | 1,341,870 |
| MORGAN STANLEY | $16.1M | 1,113,475 |
| MILLENNIUM MANAGEMENT LLC | $14.4M | 996,515 |
| UBS Group AG | $13.4M | 923,958 |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | $13.0M | 895,498 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $11.9M | 819,883 |
| MARSHALL WACE, LLP | $9.9M | 683,116 |
| ROYAL BANK OF CANADA | $8.6M | 596,687 |
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Is KRP a good stock to buy?
13F Pro's AI-powered analysis of Kimbell Royalty Partners, LP (KRP) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Energy sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for KRP are available on the KRP stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own KRP?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling KRP. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Kimbell Royalty Partners, LP's investment landscape.