Core Viewpoint - Kimbell Royalty Partners, LP will release its first quarter 2026 financial results on May 7, 2026, and will declare its first quarter distribution concurrently [1]. Group 1: Earnings Release Details - The earnings release will occur before the market opens on May 7, 2026 [1]. - A conference call is scheduled for the same day at 10:00 a.m. Central (11:00 a.m. Eastern) [1]. Group 2: Company Overview - Kimbell Royalty Partners is a leading oil and gas mineral and royalty company based in Fort Worth, Texas [3]. - The company owns mineral and royalty interests in over 17 million gross acres across 28 states and in every major onshore basin in the continental United States, including interests in more than 133,000 gross wells [3].

Core Insights - The S&P 500 has decreased by 4.29% over the past month, indicating a downward trend in the market [1] - The VIX fear gauge has increased by 53% during the same period, now standing at 27, which reflects a state of elevated uncertainty in the market [1]

Core Insights - Three income stocks are highlighted, with yields ranging from 10.7% to 19.7%, but one faces significant risks related to its distribution sustainability [4][16]. Group 1: Company Overview - PennantPark Investment (PNNT) offers a yield of 19.7% but is at risk of a distribution cut due to net investment income of $0.11 per share falling short of the $0.24 quarterly distribution [9][10]. - Gladstone Capital (GLAD) maintains a stable income story with a net investment income of $0.50 per share covering its $0.45 quarterly distribution, having paid uninterrupted monthly distributions for over 24 years [12]. - Kimbell Royalty Partners (KRP) collects oil and gas royalties without drilling costs, maintaining a 75% payout ratio, with favorable near-term distributions as WTI crude is priced at $94.65 per barrel [14][15]. Group 2: Financial Performance and Risks - PennantPark's earnings are not covering its payout, with a significant drop in revenue of 20% year-over-year and a decrease in the yield on new loans from 11.4% to 9.3% [11]. - Gladstone's portfolio yields have compressed from 13.9% to 12.2% as interest rates have fallen, posing a risk of slow erosion of dividend coverage [13]. - Kimbell's distributions are subject to fluctuations based on oil prices, which have historically swung dramatically, but the current environment appears favorable [15]. Group 3: Investment Considerations - The structural differences between the companies affect the evaluation of payout safety, with PennantPark's high yield being a result of its stock price collapse [9][10]. - Gladstone's dividend is currently safe, but future coverage may be challenged by ongoing rate cuts [13]. - Kimbell's royalty model insulates it from credit risk, although its distributions are still tied to commodity price volatility [16].

Core Insights - During turbulent market conditions, investors often seek dividend-yielding stocks, which typically have high free cash flows and provide substantial dividends to shareholders [1] Group 1: High-Yielding Stocks in Energy Sector - The article highlights three high-yielding stocks in the energy sector: Nordic American Tankers Ltd (NYSE:NAT), Evolution Petroleum Corp (NYSE:EPM), and Kimbell Royalty Partners LP (NYSE:KRP) [2][3]

FORT WORTH, Texas, March 9, 2026 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell"), a leading owner of oil and natural gas mineral and royalty interests in over 133,000 gross wells across 28 states, today announced that the Board of Directors of Kimbell's General Partner (the "Board") authorized the initiation of a repurchase program for up to $100 million of Kimbell's common units. The repurchase program is authorized to extend through December 31, 2027. Kimbell intends to purchase comm ...

Core Viewpoint - Kimbell Royalty reported strong fourth-quarter results, highlighting organic production growth, increased cash distributions, and a solid outlook for 2026, while maintaining a conservative balance sheet and exploring potential upside from the Barnett Woodford development across its Permian Basin acreage [3][4][17]. Financial Performance - Fourth-quarter general and administrative expenses totaled $10.4 million, with cash G&A at $2.63 per BOE, aligning with company guidance [1] - For the full year 2025, cash G&A was reported at $2.51 per BOE, below the midpoint of guidance due to operational discipline [1] - Kimbell's fourth-quarter revenues reached $76 million, with run-rate production at 25,627 BOE per day and Adjusted EBITDA of $64.8 million [2][6] - The company declared a quarterly cash distribution of $0.37 per unit, a 6% increase from the previous quarter, expected to be treated as a return of capital [6][7] Production and Reserves - Kimbell's production guidance for 2026 remains flat at a midpoint of 25,500 BOE per day, supported by an active rig count of 85 rigs, representing 16% of U.S. land rigs [4][10][11] - Proved developed reserves increased approximately 8% in 2025 to nearly 73 million BOE [5][9] Acquisitions and Capital Structure - In 2025, Kimbell completed a $230 million acquisition of mineral and royalty interests at Mabee Ranch, enhancing its position in the Permian Basin [5][8] - The company redeemed 50% of its Series A preferred units to simplify its capital structure and reduce costs [5][9] Market Conditions and Development Potential - Kimbell's management noted stable oil differentials and an increase in natural gas differentials from 18% to 24% quarter-over-quarter, attributed to seasonal factors [15] - The company is positioned to benefit from the Barnett Woodford development, with significant interest from major operators and potential for increased production without incurring drilling costs [17][18] Financial Flexibility and Debt Management - As of December 31, 2025, Kimbell had approximately $441.5 million in debt under its secured revolving credit facility, with a net debt to trailing twelve-month Adjusted EBITDA ratio of approximately 1.5x [13] - The company reaffirmed its borrowing base at $625 million and extended the maturity of its credit facility to December 16, 2030 [12][13]

Core Viewpoint - The article emphasizes the importance of focusing on stable, high-yield investments in the energy sector, particularly pipeline companies, rather than chasing volatile opportunities linked to fluctuating oil prices. Group 1: Current Oil Market Dynamics - Crude oil prices have been rising due to factors such as a weak dollar, OPEC+ production cuts, and geopolitical tensions, particularly regarding Iran [5] - The current environment has led many investors to pursue high-risk investments, akin to attempting three-point shots in basketball, rather than opting for safer, more reliable options [4][6] Group 2: Investment Opportunities in Energy Infrastructure - Companies that operate pipelines, referred to as "toll takers," benefit from consistent fees regardless of oil prices, making them attractive investments [7] - Enterprise Products Partners LP (EPD) offers a 6.1% distribution yield and has a strong operational track record, including record cash flow and distribution increases [8][9] - Energy Transfer LP (ET) has a 7.1% distribution yield and is actively expanding its infrastructure to support the growing demand from data centers and power plants [10][11] - MPLX LP (MPLX) provides a 7.3% distribution yield and has consistently increased its annual distribution, with several growth projects expected to come online [12][14] - Kimbell Royalty Partners LP (KRP) has an 11.3% dividend yield and operates a unique business model that allows it to benefit from energy price fluctuations while maintaining lower volatility compared to traditional energy stocks [15] - Mach Natural Resources LP (MNR) is a newer player with a 14.8% distribution yield, showing potential for growth despite its current valuation lagging behind the MLP benchmark [17][18]

Core Insights - The article emphasizes the importance of focusing on reliable investment strategies, akin to taking "layup" shots in basketball rather than risky "three-pointers" [2][7]. Oil Market Overview - Crude oil prices have been rising due to factors such as a weak dollar, OPEC+ production cuts, U.S. military actions in Venezuela, and potential conflicts with Iran, which could further increase prices [3][4]. Investment Strategies - The article advocates for investing in "toll takers," companies that earn fees from oil and gas transportation regardless of market prices, as a safer investment strategy [8]. Company Profiles - **Enterprise Products Partners LP (EPD)**: - Offers a 6.1% distribution yield with extensive pipeline infrastructure and a history of 27 consecutive annual distribution hikes [9]. - Recently reported record natural gas processing and cash flow, indicating strong operational performance [13]. - **Energy Transfer LP (ET)**: - Provides a 7.1% distribution yield and has been actively expanding its infrastructure to support the growing demand from the AI sector [14][15]. - Has consistently raised its distribution since 2021, showcasing reliability [16]. - **MPLX LP (MPLX)**: - Offers a 7.3% distribution yield and has shown consistent growth in distributions since its inception, with several growth projects expected to come online [19][20]. - **Kimbell Royalty Partners LP (KRP)**: - Features an 11.3% dividend yield and operates a unique business model by owning royalty interests in oil and gas, which is less volatile than traditional energy stocks [24][25]. - **Mach Natural Resources LP (MNR)**: - Newly public with a 14.8% distribution yield, operates primarily in the Anadarko Basin, and is considered undervalued compared to its peers [28][29]. Tax Considerations - The article notes that most "toll taker" companies pay distributions rather than dividends, leading to different tax treatments and complexities such as the K-1 form [31]. Preferred Investment Vehicle - The Alerian MLP ETF (AMLP) is recommended as a preferred investment option, offering nearly 8% yield with simpler tax implications compared to individual MLPs [32].

Kimbell Royalty Partners Announces Filing of 2025 Annual Report on Form 10-K [Accessibility Statement] Skip NavigationFORT WORTH, Texas, Feb. 26, 2026 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell Royalty Partners" or "Kimbell"), a leading owner of oil and natural gas mineral and royalty interests in over 17 million gross acres in 28 states, today announced the filing of its Annual Report on Form 10-K ("Annual Report") for the fiscal year ended December 31, 2025 with the U.S. Securities ...

Revenue and Production - For the year ended December 31, 2025, oil, natural gas, and NGL revenues were generated 62% from oil sales, 25% from natural gas sales, and 13% from NGL sales[88]. - The estimated proved oil, natural gas, and NGL reserves attributable to the company's interests were 72,944 MBoe, with 51.2% classified as liquids[94]. - The company produced 3,061,920 Bbls of oil and condensate, 26,733,988 Mcf of natural gas, and 1,884,763 Bbls of natural gas liquids for the year ended December 31, 2025, resulting in total production of 9,402,348 Boe[118]. - Average daily production for the year ended December 31, 2025, was 25,760 Boe/d, an increase from 24,868 Boe/d in 2024[118]. - The average realized price for oil and condensate in 2025 was $63.84 per Bbl, while natural gas averaged $2.93 per Mcf[118]. Acreage and Assets - As of December 31, 2025, the company owned mineral and royalty interests in approximately 12.3 million gross acres, with over 99% of the acreage leased to working interest owners[92]. - The company has a diversified portfolio with 54% of its aggregate acres located in the Permian Basin and Mid-Continent[92]. - The total acreage in the Permian Basin includes 333,243 gross acres with a 100% producing percentage[105]. - The Mid-Continent region has 2,202,709 gross acres with a 99.2% producing percentage[105]. - The company owns mineral or royalty interests in over 133,000 gross productive wells, including over 98,000 oil wells and over 35,000 natural gas wells as of December 31, 2025[119]. Financial Performance - For the year ended December 31, 2025, net income was $99.651 million, an increase from $11.070 million in 2024 and $83.006 million in 2023[512]. - Adjusted EBITDA for 2025 was $266.467 million, compared to $262.832 million in 2024 and $212.058 million in 2023, indicating stable operational performance[512]. - Cash available for distribution on common units for 2025 was $194.581 million, up from $180.665 million in 2024 and $140.780 million in 2023[512]. - The company had total borrowings of $441.5 million under its secured revolving credit facility as of December 31, 2025[505]. - A 1% increase in interest rates would result in an additional annual interest expense of approximately $4.4 million[505]. Strategic Initiatives - The company aims to provide increasing cash distributions to unitholders through acquisitions and organic growth, focusing on high-quality producing acreage[89]. - The company is positioned to expand its asset base through strategic acquisitions utilizing its secured revolving credit facility and internally generated cash[97]. - The company expects continued development of its acreage through infill drilling and horizontal drilling, benefiting from organic production growth[93]. Regulatory and Environmental Factors - Regulatory burdens and compliance costs are increasing due to stringent environmental laws and regulations, which could materially affect the company's business[128]. - The company faces potential liabilities under environmental laws, which could require significant expenditures for remediation and compliance[132]. - The Clean Water Act and related regulations impose strict controls on discharges into regulated waters, potentially increasing compliance costs[133]. - The company is subject to air emissions regulations that may increase operational costs and impact production[139]. - Climate change regulations and policies are evolving, which could affect the company's operations and compliance requirements[140]. Market and Competitive Landscape - The competitive landscape is challenging, with larger companies having greater resources to acquire oil and natural gas properties, which may adversely affect the company's competitive position[125]. - Seasonal demand fluctuations affect oil and natural gas operations, with increased oil demand in summer and increased natural gas demand in winter[126]. - Sales of crude oil, condensate, and NGLs are currently unregulated and made at market prices, but future price controls could be enacted by Congress[165]. Employee and Workforce - As of December 31, 2025, Kimbell Operating had approximately 29 employees, with women representing about 34% of the workforce[176].