Filing Flows › Energy › Kimbell Royalty Partners, LP (KRP)
Kimbell Royalty Partners, LP (KRP) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · Kimbell Royalty Partners, LP (KRP) Q3 2026 earnings results →
Q3 2026 Revenue up 7% year over year to $86.3M · 17¢ of every $1 of revenue kept as net profit · operating margin 36.3%
Kimbell Royalty Partners, LP made $86.3M in Q3 2026 (+7% Y/Y). Operating margin 36.3%, net earnings $15.1M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $86.3M in Q3 2026, up 7% year over year and down 23% from the previous quarter.
Operating profit was $31.3M, a 36.3% margin (up 0.5 points year over year). Of the extra revenue versus Q3 2025, 43% reached operating profit, above the 36% margin then. Total costs grew 6% against revenue growth of 7%. Net earnings were $15.1M, down 24% year over year. The effective tax rate was 20.3%.
Operating cash flow was $58.1M (down 7% year over year), 337% of net income including minority interests. Non-cash charges added back $32.9M of depreciation and amortization and $4.4M of share-based compensation. Working capital and other items added $3.6M. Capital expenditures of $69.7M exceeded it, leaving free cash flow of −$11.6M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 5, 2026 | $86.3M | +7% | 36.3% | $15.1M | $58.1M |
| Q2 2026 | 10-Q | Aug 7, 2026 | $112M | +30% | 53.1% | $41.0M | $68.3M |
| Q1 2026 | 10-Q | May 7, 2026 | $65.5M | -22% | 24.1% | $6.6M | $49.4M |
| Q4 2025 | 10-K | Feb 26, 2026 | $82.5M | +24% | 39.6% | $21.8M | $57.2M |
| Q3 2025 | 10-Q | Nov 6, 2025 | $80.6M | -4% | 35.8% | $19.7M | $62.8M |
| Q2 2025 | 10-Q | Aug 7, 2025 | $86.5M | +13% | 43.7% | $26.4M | $72.3M |
| Q1 2025 | 10-Q | May 8, 2025 | $84.2M | +2% | 39.9% | $23.1M | $54.2M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Kimbell Royalty Partners, LP
We are a Delaware limited partnership formed in 2015 to own and acquire mineral and royalty interests in oil and natural gas properties throughout the United States. We have elected to be taxed as a corporation for United States federal income tax purposes. As an owner of mineral and royalty interests, we are entitled to a portion of the revenues received from the production of oil, natural gas and associated NGLs from the acreage underlying our interests, net of post-production expenses and taxes. We are not obligated to fund drilling and completion costs, lease operating expenses or plugging and abandonment costs at the end of a well’s productive life.
In its own words, from its 10-K, filed Feb 26, 2026.
Kimbell Royalty Partners, LP against its Crude Petroleum & Natural Gas peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +7% against the peers' median +46%. Operating margin: 36.3% against the peers' median 33.7%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| KRP Kimbell Royalty Partners, LP | Q3 2026 | $86.3M | +7% | 36.3% |
| EOG EOG Resources | Q3 2026 | $8.5B | +46% | 41.9% |
| OXY Occidental Petroleum | Q2 2026 | $8.1B | +53% | 48.5% |
| DVN Devon Energy | Q3 2026 | $6.9B | +58% | 18.3% |
| FANG Diamondback Energy | Q3 2026 | $5.4B | +38% | 46.0% |
| EXE Expand Energy | Q3 2026 | $3.3B | +11% | 19.5% |
| PARR PAR Pacific Holdings | Q3 2026 | $3.1B | +52% | 15.5% |
| OVV Ovintiv | Q3 2026 | $2.6B | +26% | 33.7% |
| SM SM Energy | Q3 2026 | $2.2B | +167% | 10.9% |
Source: Kimbell Royalty Partners, LP 10-Q on SEC EDGAR · CIK 1657788 · Crude Petroleum & Natural Gas
Guidance and outlook
13F: who owns KRP and who is buying
More on KRP
- How Kimbell Royalty Partners, LP makes money: revenue by segment
- Kimbell Royalty Partners, LP next earnings date and what analysts expect
- Kimbell Royalty Partners, LP stock forecast, price target and fair value
- Who owns Kimbell Royalty Partners, LP stock: holders, funds and Congress trades
- Kimbell Royalty Partners, LP guidance and outlook
- Is Kimbell Royalty Partners, LP a takeover target? LBO and rumors
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results