Kimbell Royalty Reports 25,627 Boe/d Production, $76M Q4 Revenue And 8% Reserve Growth
Kimbell Royalty posted Q4 2025 run-rate production of 25,627 Boe/d and $76.0 million in revenue, with $19.2 million net income for common units. Proved developed reserves grew 8% to 73 million Boe, its $625 million credit facility was extended to December 2030, and the quarterly distribution increased 6% to $0.37.
1. Q4 2025 Operational and Financial Results
Kimbell Royalty delivered Q4 run-rate production of 25,627 Boe/d and generated $76.0 million in oil, natural gas and NGL revenues, net income of $24.8 million and $19.2 million attributable to common units, and consolidated Adjusted EBITDA of $64.8 million.
2. Reserve Growth and Credit Facility Extension
Proved developed reserves increased by 8% year-over-year to a record 73 million Boe, supported by ongoing development and acquisitions. The secured revolving credit facility was amended and extended to December 2030, reaffirming a $625 million borrowing base and cutting borrowing costs by 35 basis points.
3. Distribution and 2026 Guidance
Kimbell raised its Q4 distribution by 6% to $0.37 per common unit, implying a 10.5% annualized yield. The company initiated unchanged 2026 production guidance, projecting 24,000–27,000 Boe/d, and operates 85 active rigs representing a 16% share of U.S. land rig count.