Q3 25 EPS
$0.19
BEAT +18.75%
Est. $0.16
Q3 25 Revenue
$80.6M
BEAT +0.80%
Est. $80.0M
vs S&P Since Q3 25
+3.5%
BEATING MARKET
KRP +15.5% vs S&P +12.0%
Market Reaction
Did KRP Beat Earnings? Q3 2025 Results
Kimbell Royalty Partners delivered a clean beat across the board in Q3 2025, with earnings of $0.19 per diluted common unit clearing the $0.16 consensus estimate by 18.75% and revenue of $80.62 million edging past expectations by 0.80% while growing … Read more Kimbell Royalty Partners delivered a clean beat across the board in Q3 2025, with earnings of $0.19 per diluted common unit clearing the $0.16 consensus estimate by 18.75% and revenue of $80.62 million edging past expectations by 0.80% while growing 8.6% year over year. The most material driver behind the results was organic production growth, which reached 25,530 Boe/d on a run-rate basis, exceeding the midpoint of guidance and reflecting the steady contribution of Kimbell's royalty-only model across major U.S. Basins, bolstered by the $230.4 million Boren Minerals acquisition that closed in January 2025. Consolidated Adjusted EBITDA came in at $62.27 million, supporting a Q3 distribution of $0.35 per common unit, a payout that management estimates will be approximately 100% return of capital, making it an appealing option for income-focused investors. With 86 rigs actively drilling on its acreage and line-of-sight well inventory above maintenance levels, Kimbell affirmed its full-year 2025 guidance, signaling confidence in a stable production trajectory through year-end.
Key Takeaways
- • Organic production growth of approximately 1% sequentially from Q2 to Q3 2025
- • 86 active rigs drilling on acreage representing 16% market share of U.S. land rig count
- • Diversified, low-decline production base across major U.S. onshore basins
- • Targeted M&A strategy including Boren acquisition completed in January 2025
- • Cash G&A per BOE of $2.51 below midpoint of guidance reflecting operational discipline and positive operating leverage
- • 7.07 net DUCs and permitted locations exceeding 6.5 net wells needed to maintain flat production
KRP YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
KRP Revenue by Segment
With YoY comparisons, source: SEC Filings
“Even in the face of a general slowdown among U.S. oil and natural gas operators, Kimbell's production increased organically by approximately 1% between Q2 and Q3 2025, exceeding the midpoint of guidance and showing once again the resilience of our high quality, diversified and low decline production base.”
— Robert Ravnaas, Q3 2025 Earnings Press Release
KRP Earnings Trends
KRP vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
KRP EPS Trend
Earnings per share: estimate vs actual
KRP Revenue Trend
Quarterly revenue: estimate vs actual
KRP Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 MISS | $0.21 | $0.04 | -80.95% | $65.5M | -26.99% |
| Q4 25 BEAT FY | $0.14 | $0.21 | +53.62% | $82.5M | +6.96% |
| FY Full Year | $0.67 | $0.62 | -7.46% | $333.8M | +2.25% |
| Q3 25 BEAT | $0.16 | $0.19 | +18.75% | $80.6M | +0.80% |
| Q2 25 MISS | $0.19 | $0.02 | -89.47% | $86.5M | +6.00% |
| Q1 25 BEAT | $0.16 | $0.20 | +28.53% | $84.2M | +0.61% |