Kimbell Royalty Partners Q2 adjusted EBITDA beats
KRP•Q2 adjusted EBITDA beats expectations
Kimbell Royalty Partners said second-quarter adjusted EBITDA beat analyst expectations, with record oil, natural gas and NGL revenues and net income for the period.
The company reported:
| Metric | Actual | Consensus Estimate |
|---|---|---|
| Q2 Net Income | $47.30 mln | |
| Q2 Adjusted EBITDA | $84.91 mln | $74.95 mln (5 Analysts) |
| Q2 EBITDA | $89.89 mln | |
| Q2 Operating Income | $59.68 mln | |
| Q2 Pretax Profit | $51.28 mln |
Distribution increase, buyback and outlook
Kimbell raised its second-quarter distribution by 15% and repurchased 500,000 common units.
The company affirmed its 2026 financial and operational guidance ranges previously disclosed, and said it expects to update guidance after closing the Drop Down acquisition announced July 17, 2026.
CEO Robert Ravnaas said record revenues and organic production growth drove results, with Mesa Royalties acquisition contributing to production late in the quarter. Kimbell said rig activity remains robust, with 91 rigs drilling, representing 16% U.S. land rig market share.
Analyst coverage showed an average rating of "buy" and a median 12-month price target of $19.50, about 34.4% above the August 6 closing price of $14.51.
