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]

“Time out.” I yelled it with a hint of disgust. I didn’t even have to make eye contact with my assistant coach—we were on the same page.We’d just watched the second air-ball three-pointer of the second half.“Get in there for Reese.”Reese shrugged and jogged off the court. I grabbed him lovingly by the shoulders. “Hey buddy — do you know why you’re out?”He nodded slowly. “Because…I…shot… a…three…pointer.”“And what did I just say in the huddle?”“…To…not…shoot…three…pointers.”I patted him on the shoulder. Rees ...

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 ...

Consolidated Adjusted EBITDA (1)203,233Trailing Twelve Month Consolidated Adjusted EBITDA$268,058Long-term debt (as of 12/31/25)441,500Cash and cash equivalents (as of 12/31/25) (43,977)Net debt (as of 12/31/25)$397,523Net Debt to Trailing Twelve Month Consolidated Adjusted EBITDA1.5x(1) Consolidated Adjusted EBITDA for each of the quarters ended March 31, 2025, June 30, 2025 and September 30, 2025 was previously reported in a news release relating to the applicable quarter, and the reconciliation of net in ...

Core Insights - ONEOK Inc. (OKE) reported fourth-quarter 2025 operating earnings per share (EPS) of $1.55, exceeding the Zacks Consensus Estimate of $1.48 by 4.73%, but down 1.27% from $1.57 in the same quarter last year [1] - For the full year 2025, OKE's EPS was $5.42, a 5.22% increase from $5.17 in 2024 [1] Revenue Performance - Operating revenues for Q4 2025 totaled $9.07 billion, missing the Zacks Consensus Estimate of $9.49 billion by 4.50%, but up 29.5% from $7.0 billion in Q4 2024 [2] - Total revenues for 2025 reached $33.63 billion, a significant increase of 54.99% compared to $21.7 billion in 2024 [2] Earnings and Financial Metrics - Adjusted EBITDA for the quarter was $2.15 billion, reflecting a year-over-year decrease of 1.33% [3] - Operating income was reported at $1.53 billion, down 2.30% from $1.57 billion in the previous year [3] - Interest expenses increased to $453 million, up 1.12% from $448 million in the prior year [3] - Natural gas processed reached 5,706 million cubic feet per day (MMcf/d), a substantial increase of 143.64% year over year [3] Capacity and Debt - Natural gas transportation capacity contracted to 7,509 million dekatherms per day (MDth/d), a decrease of 10.55% year over year [4] - As of December 31, 2025, cash and cash equivalents were $78 million, down from $733 million a year earlier [5] - Long-term debt totaled $30.76 billion, a slight decrease from $31.02 billion as of December 31, 2024 [5] - Cash provided by operating activities for 2025 was $5.59 billion, compared to $4.89 billion in 2024 [5] 2026 Guidance - ONEOK anticipates consolidated net income for 2026 to be between $3.19 billion and $3.71 billion, with adjusted EBITDA expected in the range of $7.9 billion to $8.30 billion [6] - EPS for 2026 is projected to be between $5.04 and $5.87 [6] - Capital expenditure is expected to be in the range of $2.7 billion to $3.2 billion [6][7]

Core Insights - Legacy Ridge Capital Management reported a 7% net return for the Partnership in 2025, after accounting for a 1% performance fee, despite facing market volatility that impacted performance [1] - The Partnership's concentrated portfolio consists of 10 names, with a dividend yield of approximately 6% [1] - A shift in the calendar end date could have improved returns by over 4%, indicating the unpredictable nature of concentrated value investing [1] Company Focus: Kimbell Royalty Partners, LP - Kimbell Royalty Partners, LP (NYSE:KRP) is a US-based company that owns and acquires mineral and royalty interests in oil and natural gas properties, with a market capitalization of $1.46 billion [2] - As of February 3, 2026, KRP's stock closed at $13.53 per share, with a one-month return of 17.65% but a decline of 12.48% over the past twelve months [2] - KRP owns approximately 158,000 net royalty acres and has interests in over 131,000 wells, producing 25,530 barrels of oil equivalent (BOE) per day, with reserves of 68 million BOE [3] - The company has a production decline rate of approximately 14% and is expected to pay a dividend of $1.43 per share next year, translating to a yield of 10.8% [3]

Core Viewpoint - Kimbell Royalty Partners, LP will release its fourth quarter 2025 financial results on February 26, 2026, before market opening, and will declare its fourth quarter distribution at the same time [1]. Group 1: Financial Results Announcement - The fourth quarter 2025 financial results will be announced on February 26, 2026 [1]. - A conference call will be held on the same day at 10:00 a.m. Central (11:00 a.m. Eastern) to discuss the results [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 131,000 gross wells [3].

Core Insights - The article promotes a free two-week trial for the investment group Distressed Value Investing, which provides exclusive research on various companies and investment opportunities [1] Group 1 - Aaron Chow, known as Elephant Analytics, has over 15 years of analytical experience and is a highly rated analyst on TipRanks [2] - Chow co-founded a mobile gaming company, Absolute Games, which was acquired by PENN Entertainment, showcasing his experience in the gaming sector [2] - The investment group Distressed Value Investing focuses on value opportunities and distressed plays, particularly in the energy sector [2]

Core Viewpoint - The article highlights three stocks with strong income characteristics and a buy rank, suggesting potential investment opportunities for investors. Group 1: Kimbell Royalty Partners, LP (KRP) - Kimbell Royalty Partners, LP is an oil and gas royalty company with a Zacks Rank of 1 [1] - The Zacks Consensus Estimate for its current year earnings has increased by 41.7% over the last 60 days [1] - The company offers a dividend yield of 12.3%, significantly higher than the industry average of 6.9% [1] Group 2: Macy's, Inc. (M) - Macy's, Inc. is an omnichannel retail company with a Zacks Rank of 1 [2] - The Zacks Consensus Estimate for its current year earnings has increased by 10.2% over the last 60 days [2] - The company has a dividend yield of 3.1%, compared to the industry average of 2.2% [2] Group 3: Baytex Energy Corp. (BTE) - Baytex Energy Corp. is an energy company with a Zacks Rank of 1 [2] - The Zacks Consensus Estimate for its current year earnings has increased by 64.3% over the last 60 days [2]