Kimbell Royalty Partners, LP
In the published model solve dated 2026-Q2, anchored at $14.75, Kimbell Royalty Partners, LP (KRP) is priced for +4.7% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 27, 2026 from SEC EDGAR filings.
• Kimbell owns mineral and royalty interests, not wells, so it collects a cut of production from over 129,000 gross wells across 28 states without ever paying to drill a single one, the asset-light end of the oil patch. • The defining feature is the payout, not the price: the quarterly distribution of $0.41 per unit runs near an 11% annualized yield, roughly three-quarters of it treated as return of capital, and it floats with cash flow rather than being promised [Source: Kimbell Q1 2026 results
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191 institutional managers reported holding KRP in 13F filings for the quarter ended 2026-03-31. Together they hold about 33% of the company; the top 10 hold 17%. 30 opened new positions that quarter. Held by Morgan Stanley, Millennium Management, UBS, among others. On the short side, 2.1M shares were sold short as of the 2026-06-15 count, about 2% of shares outstanding (2.5 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
Open-market insider buys at KRP over the trailing three years: 2023: 2 buys totaling $461k. 11 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
KRP's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-03 | -9.2% | +7.3% |
| 2023-11-03 | +3.0% | -9.8% |
| 2024-02-22 | +0.9% | +3.4% |
| 2024-05-03 | +2.9% | +4.5% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
KRP's latest 8-K filings: 2026-07-17 (items 1.01, 3.02, 7.01, 8.01, 9.01); 2026-06-23 (items 1.01, 3.02, 7.01, 8.01, 9.01); 2026-05-19 (items 1.01, 3.02, 7.01, 8.01, 9.01); 2026-05-07 (items 2.02, 7.01, 9.01); 2026-03-09 (items 8.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.