Kimbell Royalty Partners, LP (KRP) Stock Analysis — April 2026 Rating, Price, and Forecast
Company Overview — What Does Kimbell Royalty Partners, LP Do?
Kimbell Royalty Partners, LP, together with its subsidiaries, acquires and owns mineral and royalty interests in oil and natural gas properties in the United States. As of December 31, 2021, it owned mineral and royalty interests in approximately 11.4 million gross acres and overriding royalty interests in approximately 4.7 million gross acres. The company's mineral and royalty interests are located in 28 states and include ownership in approximately 122,000 gross wells, including approximately 46,000 wells in the Permian Basin. It serves as the general partner of the company. The company was founded in 2013 and is based in Fort Worth, Texas. Kimbell Royalty Partners, LP (KRP) is classified as a small-cap stock in the Energy sector, specifically within the Petroleum And Natural Gas industry. The company is led by CEO Robert D. Ravnaas and employs approximately 30 people. With a market capitalization of $1.3B, KRP is one of the notable companies in the Energy sector.
Kimbell Royalty Partners, LP (KRP) Stock Rating — Buy (April 2026)
As of April 2026, Kimbell Royalty Partners, LP receives a Buy rating with a composite score of 52.1/100 and 4 out of 5 stars from the Blank Capital Research quantitative model.KRP ranks #84 out of 4,446 stocks in our coverage universe. Within the Energy sector, Kimbell Royalty Partners, LP ranks #14 of 128 stocks, placing it in the top quartile of its Energy peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).
KRP Stock Price and 52-Week Range
Kimbell Royalty Partners, LP (KRP) currently trades at $14.50. The stock gained $0.12 (0.8%) in the most recent trading session. The 52-week high for KRP is $15.12, which means the stock is currently trading -4.1% from its annual peak. The 52-week low is $10.98, putting the stock 32.1% above its annual trough. Recent trading volume was 396K shares, suggesting relatively thin trading activity.
Is KRP Overvalued or Undervalued? — Valuation Analysis
Kimbell Royalty Partners, LP (KRP) carries a value factor score of 71/100 in the Blank Capital model, suggesting the stock trades at a meaningful discount to its fundamental earning power. The trailing price-to-earnings ratio is 14.10x, compared to the Energy sector average of 19.63x — a discount of 28%. The price-to-book ratio stands at 2.31x, versus the sector average of 1.64x. The price-to-sales ratio is 4.23x, compared to 0.47x for the average Energy stock. On an enterprise value basis, KRP trades at 10.56x EV/EBITDA, versus 3.50x for the sector.
Based on these multiples, Kimbell Royalty Partners, LP appears attractively valued relative to both its sector peers and the broader market. Value-oriented investors may find the current entry point compelling, particularly if the company's fundamental quality metrics also score well.
Kimbell Royalty Partners, LP Profitability — ROE, Margins, and Quality Score
Kimbell Royalty Partners, LP (KRP) earns a quality factor score of 50/100, indicating solid business quality with consistent operational execution. The return on equity (ROE) is 16.4%, compared to the Energy sector average of 6.7%, which is within a healthy range. Return on assets (ROA) comes in at 8.2% versus the sector average of 3.7%.
On a margin basis, Kimbell Royalty Partners, LP reports gross margins of 100.0%, compared to 52.7% for the sector. The operating margin is 40.0% (sector: 10.7%). Net profit margin stands at 30.0%, versus 6.4% for the average Energy stock. Revenue growth is running at 5.3% on a trailing basis, compared to -1.2% for the sector. The overall profitability profile is adequate, though there may be room for margin expansion.
KRP Debt, Balance Sheet, and Financial Health
Kimbell Royalty Partners, LP has a debt-to-equity ratio of 74.0%, compared to the Energy sector average of 55.0%. Leverage is within a manageable range for the industry, though investors should monitor debt trends over time. The current ratio is 8.64x, indicating strong short-term liquidity. Total debt on the balance sheet is $453M. Cash and equivalents stand at $40M.
KRP has a beta of 0.65, meaning it is less volatile than the S&P 500, making it a relatively defensive holding. The stability factor score for Kimbell Royalty Partners, LP is 78/100, indicating low-volatility characteristics and consistent price behavior that appeals to risk-averse investors.
Kimbell Royalty Partners, LP Revenue and Earnings History — Quarterly Trend
In TTM 2026, Kimbell Royalty Partners, LP reported revenue of $335M. Net income for the quarter was $101M. Gross margin was 100.0%. Operating income came in at $134M.
In FY 2025, Kimbell Royalty Partners, LP reported revenue of $334M. Net income for the quarter was $100M. Revenue grew 7.9% year-over-year compared to FY 2024. Operating income came in at $133M.
In Q3 2025, Kimbell Royalty Partners, LP reported revenue of $81M. Net income for the quarter was $22M. Revenue grew -3.8% year-over-year compared to Q3 2024. Operating income came in at $29M.
In Q2 2025, Kimbell Royalty Partners, LP reported revenue of $87M. Net income for the quarter was $27M. Revenue grew 13.0% year-over-year compared to Q2 2024. Operating income came in at $38M.
Over the past 8 quarters, Kimbell Royalty Partners, LP has demonstrated a growth trajectory, with revenue expanding from $77M to $335M. Investors analyzing KRP stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.
KRP Dividend Yield and Income Analysis
Kimbell Royalty Partners, LP (KRP) currently pays a dividend yield of 12.3%. At this yield, a $10,000 investment in KRP stock would generate approximately $$1231.00 in annual dividend income. This compares to the Energy sector average dividend yield of 1.9%, meaning KRP offers above-average income for its sector. With a net margin of 30.0%, the dividend appears well-covered by earnings, suggesting sustainable payouts going forward.
KRP Momentum and Technical Analysis Profile
Kimbell Royalty Partners, LP (KRP) has a momentum factor score of 49/100, reflecting neutral trend characteristics. The stock is neither significantly outperforming nor underperforming the broader market on a momentum basis. The investment factor score is 31/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 33/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.
KRP vs Competitors — Energy Sector Ranking and Peer Comparison
Within the Energy sector, Kimbell Royalty Partners, LP (KRP) ranks #14 out of 128 stocks based on the Blank Capital composite score. This places KRP in the top quartile of all Energy stocks in our coverage universe. Key competitors and sector peers include TotalEnergies SE (TTE) with a score of 57.0/100, APA Corp (APA) with a score of 54.7/100, PRECISION DRILLING Corp (PDS) with a score of 53.4/100, Greenfire Resources Ltd. (GFR) with a score of 59.2/100, and EXXON MOBIL CORP (XOM) with a score of 55.1/100.
Comparing KRP against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full KRP vs S&P 500 (SPY) comparison to assess how Kimbell Royalty Partners, LP stacks up against the broader market across all factor dimensions.
KRP Next Earnings Date
No upcoming earnings date has been announced for Kimbell Royalty Partners, LP (KRP) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.
Should You Buy KRP? — Investment Thesis Summary
The bull case for Kimbell Royalty Partners, LP rests on several quantitative strengths. The value score of 71/100 suggests attractive pricing relative to fundamentals. Low volatility (stability score 78/100) reduces downside risk.
In summary, Kimbell Royalty Partners, LP (KRP) earns a Buy rating with a composite score of 52.1/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on KRP stock.
Related Resources for KRP Investors
Explore more research and tools: KRP vs S&P 500 comparison, top Energy stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare KRP head-to-head with peers: KRP vs TTE, KRP vs APA, KRP vs PDS.