Kimbell Royalty Partners Posts 25,522 BOE/D Production, Raises Distribution 11%
Kimbell Royalty Partners delivered Q1 production of 25,522 BOE per day, surpassing its guidance midpoint, and declared a $0.41 per unit distribution, up 11% quarter-over-quarter for an 11% annualized yield. Management affirmed full-year guidance, cited expanded drilling beyond the Permian, and highlighted M&A evaluations with 1.6x leverage.
1. Q1 Production Exceeds Guidance
Kimbell Royalty Partners produced 25,522 BOE per day in Q1 2026, beating the midpoint of its guidance range and marking a sequential increase in daily output driven by strong operator performance across core assets.
2. Distribution Raised 11% to $0.41 per Unit
The partnership declared a $0.41 per unit distribution for the quarter, an 11% increase from Q4 2025, delivering an 11% annualized yield with 72% of the payout classified as tax-advantaged return of capital.
3. Full-Year Guidance and Basin Expansion
Management affirmed its full-year 2026 production and distribution targets, and highlighted accelerated drilling activity not only in the Permian but also across the Bakken, Eagle Ford, and Mid-Continent basins.
4. Conservative Balance Sheet and M&A Focus
With net debt to EBITDA at approximately 1.6x, the company maintains a conservative leverage profile and is actively evaluating acquisition opportunities to support long-term growth while preserving financial flexibility.