Q4 25 EPS
$0.21
BEAT +53.62%
Est. $0.14
Q4 25 Revenue
$82.5M
BEAT +6.96%
Est. $77.1M
vs S&P Since Q4 25
-5.5%
TRAILING MARKET
KRP +4.0% vs S&P +9.6%
Full Year 2025 Results
FY 25 EPS
$0.62
MISS 7.46%
Est. $0.67
FY 25 Revenue
$333.8M
BEAT +2.25%
Est. $326.5M
Market Reaction
Did KRP Beat Earnings? Q4 2025 Results
Kimbell Royalty Partners delivered a standout Q4 2025, posting earnings of $0.21 per unit against a consensus estimate of $0.15, a beat of 43.74%, while revenue of $82.45 million cleared the $69.07 million estimate by 19.38% and climbed 16.4% year-ov… Read more Kimbell Royalty Partners delivered a standout Q4 2025, posting earnings of $0.21 per unit against a consensus estimate of $0.15, a beat of 43.74%, while revenue of $82.45 million cleared the $69.07 million estimate by 19.38% and climbed 16.4% year-over-year. The primary engine behind the strong result was a $5.37 million gain on commodity derivatives, a sharp reversal from a $4.15 million loss in the prior-year period, combined with higher oil, natural gas, and NGL revenues of $76.02 million versus $69.08 million a year ago. Equally significant, the absence of the $56.16 million property impairment charge that weighed on Q4 2024 allowed operating income to swing to $32.62 million from a loss of $38.66 million. The company also announced a $100 million common unit repurchase program, adding a capital return dimension alongside its 75% distribution payout ratio. Looking ahead, Kimbell initiated 2026 production guidance of 24,000 to 27,000 Boe/d, signaling confidence in the stability of its royalty-driven production base.
Key Takeaways
- • Q4 2025 run-rate daily production of 25,627 Boe/d exceeded mid-point of guidance
- • Organic production growth from Q3 2025 to Q4 2025
- • 85 active rigs on acreage representing 16.1% market share of U.S. land rig count
- • No impairment charges in Q4 2025 versus $56.2 million impairment in Q4 2024
- • Gain on commodity derivative instruments of $5.4 million in Q4 2025 versus loss of $4.1 million in Q4 2024
- • Proved developed reserves increased approximately 8% year-over-year to nearly 73 million Boe
- • Superior five-year annual average PDP decline rate of 14%
KRP YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
KRP Revenue by Segment
With YoY comparisons, source: SEC Filings
“2025 was another outstanding year for Kimbell. In Q1 2025, we closed the $230 million acquisition of mineral and royalty interests in properties located under the historic Mabee Ranch in the Midland Basin, further bolstering the Permian Basin as our leading basin in terms of production, active rig count, DUCs, permits and undrilled inventory. In Q2 2025, we redeemed 50% of the Series A Cumulative Convertible Preferred Units, further simplifying our capital structure and lowering our cost of capital. During the year, we paid out $1.60 per common unit in quarterly distributions, 100% of which was considered return of capital and not subject to dividend income taxes. We paid down approximately $57.4 million on our credit facility during 2025 by allocating 25% of cash available for distribution for debt paydown. Finally, proved developed reserves increased by approximately 8% to a record of nearly 73 million Boe.”
— Robert Ravnaas, Q4 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% |