Kimbell Royalty Partners, LP
In the published model solve dated 2026-Q2, anchored at $14.80, Kimbell Royalty Partners, LP (KRP) is priced for -4.5% 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: 2026-08-24 (items 1.01, 3.02, 7.01, 8.01, 9.01); 2026-08-07 (items 2.02, 7.01, 9.01); 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).
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.