Kimbell Royalty Partners Q1 adjusted EBITDA misses estimates

Kimbell Royalty Partners, LP

07/05/2026 12:21

Overview

U.S. oil and gas royalty firm's Q1 adjusted EBITDA missed analyst expectations

Net income for Q1 declined sharply from a year earlier

Company repurchased 500,000 common units and declared $0.41 per unit cash distribution

Outlook

Kimbell affirms its previously disclosed 2026 financial and operational guidance ranges

Company expects higher oil prices will likely drive increased activity in oil-weighted basins in 2026

Result Drivers

DRILLING ACTIVITY - Company said robust drilling activity with 85 active rigs supported production levels

OPERATIONAL DISCIPLINE - Cash G&A per BOE was below low-end of guidance, reflecting operational discipline

DERIVATIVE LOSSES - Significant loss on commodity derivative instruments weighed on total revenues

Company press release: ID:nPn6wKryPa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Income
$6.94 mln
Q1 Adjusted EBITDA
Miss
$68 mln
$71.22 mln (6 Analysts)
Q1 EBITDA
$45.10 mln
Q1 Operating Income
$15.80 mln
Q1 Pretax Profit
$7.65 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 3 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the integrated oil & gas peer group is "buy."

Wall Street's median 12-month price target for Kimbell Royalty Partners LP is $17.00, about 16.5% above its May 6 closing price of $14.59

The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 29 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)