Kimbell Royalty Partners Q3 net income falls 23% year over year to $17.25 million
KRP•Kimbell Royalty Partners’ third-quarter 2026 net income fell 23% year over year to $17.25 million, while revenue rose 7% to $86.33 million. Daily production reached a record 27,565 barrels of oil equivalent, and the partnership plans to redeem half of its remaining Series A preferred units for about $100.2 million.
1. Quarterly results
Kimbell Royalty Partners reported third-quarter 2026 net income of $17.25 million, down 23% year over year, as total revenue rose 7% to $86.33 million. Daily production reached a record 27,565 barrels of oil equivalent, including 41 days of production from the Drop Down acquisition.
2. Preferred units and outlook
The partnership plans to redeem 50% of its remaining Series A Cumulative Convertible Preferred Units for approximately $100.2 million. Management expects materially higher fourth-quarter 2026 cash flow based on current-quarter oil prices; approximately 84% of estimated oil production is unhedged.
