Kimbell Royalty Partners, LP

Kimbell Royalty Partners, LP, together with its subsidiaries, acquires and owns mineral and royalty interests in oil and natural gas properties in the United States. As of December 31, 2021, it owned mineral and royalty interests in approximately 11.4 million gross acres and overriding royalty interests in approximately 4.7 million gross acres. The company's mineral and royalty interests are located in 28 states and include ownership in approximately 122,000 gross wells, including approximately 46,000 wells in the Permian Basin. It serves as the general partner of the company. The company was founded in 2013 and is based in Fort Worth, Texas.

Kimbell Royalty Partners, LP trades as KRP on NYSE. The company is classified in Energy / Oil & Gas Exploration & Production and reports in USD.

The current profile places the business in Oil & Gas Exploration & Production. This section is intended to summarize the operating segments, products, geographies, and main revenue lines from official filings.

Latest available fiscal data shows $333.83M of revenue and $90.95M of net income.

Use this area for management strategy, capital allocation priorities, target markets, and measurable goals from the latest annual report or investor presentation.

The app now provides the structure, but exact strategic claims should come from official company documents before being treated as a finished investment thesis.

Kimbell Royalty Partners, LP can be compared against peers such as Dorchester Minerals, L.P., FLEX LNG Ltd., Flowco Holdings Inc., Global Partners LP, Terrestrial Energy Inc., Innovex International, Inc..

A complete thesis should compare growth, margins, balance-sheet risk, valuation multiples, and market position against direct competitors.

Current signals to investigate include market capitalization of $1.51B, beta of 0.28, and return on equity of +13.2%.

This section should be validated with evidence such as durable margins, brand strength, regulation, switching costs, cost advantage, distribution, or technology.

Key risks should include financial leverage, cyclicality, customer concentration, regulatory exposure, currency risk, and execution risk.

KRP currently shows total debt of $450.98M and beta of 0.28. Missing data should be treated as a research gap, not as low risk.

Production-capacity detail is not available as structured data yet. For industrial, defense, semiconductor, or real-estate companies, this should be reviewed from annual reports and investor presentations.

No structured backlog field is available yet. If the company reports backlog, review the relevant filing section before adding it to the thesis.

Use this section for major contracts, product launches, construction projects, acquisitions, or strategic programs that can materially affect valuation.

Recent filings to review: 8-K (2026-05-19 00:00:00), 10-Q (2026-05-07 00:00:00), 8-K (2026-05-07 00:00:00), SC 13D/A (2026-04-03 00:00:00).

Customer concentration is not available as structured data here. Add it from official filings when a company discloses material customers or revenue concentration.

Supplier concentration and critical supply-chain dependencies are not available as structured data here. This should be researched from annual reports and risk disclosures.

Company website: https://www.kimbellrp.com

For US-listed stocks, verify the thesis against official filings, earnings call transcripts, and company investor relations materials.