Kimbell Royalty Q4 production, reserves rise

Kimbell Royalty Partners, LP

26/02/2026 12:12

Overview

Oil and gas royalty firm's Q4 2025 oil, natgas and NGL revenue was $76 mln, with net income of $24.8 mln

Company announced a Q4 2025 cash distribution of $0.37 per common unit, up 6% from Q3 2025

Proved developed reserves increased by approximately 8% yr/yr to nearly 73 million Boe

Outlook

Kimbell maintains 2026 production guidance range of 24,000 to 27,000 Boe/d

Company sees robust activity with 85 rigs actively drilling

Kimbell plans to continue consolidating in U.S. oil and gas royalty sector

Result Drivers

PRODUCTION EXCEEDS GUIDANCE - Q4 2025 run-rate daily production of 25,627 Boe/d exceeded mid-point of guidance, reflecting strong operational performance

RESERVES INCREASE - Proved developed reserves increased by approximately 8% year-over-year to nearly 73 million Boe, driven by development and acquisitions

CREDIT FACILITY EXTENDED - Co extended secured revolving credit facility maturity to December 2030 and lowered borrowing costs, enhancing financial flexibility

Company press release: ID:nPn7gW712a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Net Income
$24.80 mln
Q4 Operating Income
$32.62 mln
Q4 Pretax Profit
$23.50 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 20.3% above its February 25 closing price of $14.13

The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 25 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.)