Kimbell Royalty Partners buys affiliated royalty interests in USD 215.4 million drop-down deal

Kimbell Royalty Partners announced a $215.4 million drop-down purchase of oil and gas royalty interests from affiliated sellers.

Closing is targeted around Aug. 21, 2026, and the deal is expected to be immediately accretive to distributable cash flow per unit.

Consideration for the assets includes $74.9 million in cash and 9,500,000 newly issued common units of Kimbell Royalty Operating valued at $140.5 million.

The assets include about 2,568 net royalty acres across the Eagle Ford, Permian, Mid-Con and Appalachia regions, and are expected to produce 2,347 boe/d in the third quarter of 2026.

Kimbell said its portfolio spans more than 3 million gross acres with over 29,000 producing wells, and management cited a 13% shallow decline rate.