Filing Flows › Kimbell Royalty Partners, LP (KRP) › Q1 2026
Kimbell Royalty Partners, LP (KRP) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Kimbell Royalty Partners, LP (KRP) reported revenue of $65.5M for the first quarter 2026 (Q1 2026), -22% from a year earlier and -21% from the quarter before. Operating margin was 24.1%, net earnings $6.6M (10.0% of revenue).
Kimbell Royalty Partners, LP, Q1 2026: revenue $65.5M (-22% year over year), operating margin 24.1%, net earnings $6.6M, operating cash flow $49.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $65.5M | -21% | -22% |
| Operating profit | $15.8M | -52% | -53% |
| Net earnings | $6.6M | -70% | -72% |
| Operating cash flow | $49.4M | -14% | -9% |
What changed
Revenue was $65.5M in Q1 2026, down 22% year over year and down 21% from the previous quarter.
Operating profit was $15.8M, a 24.1% margin (down 15.8 points year over year). Total costs fell 2% while revenue fell 22%. Net earnings were $6.6M, down 72% year over year. The effective tax rate was 9.2%.
Operating cash flow was $49.4M (down 9% year over year), 712% of net income including minority interests. Non-cash charges added back $29.3M of depreciation and amortization and $4.1M of share-based compensation. Working capital and other items added $9.1M.
Questions
What was Kimbell Royalty Partners, LP's revenue in the first quarter 2026?
Kimbell Royalty Partners, LP (KRP) reported revenue of $65.5M for the first quarter 2026 (Q1 2026), -22% from a year earlier and -21% from the quarter before.
Was Kimbell Royalty Partners, LP profitable in the first quarter 2026?
Operating profit was $15.8M (24.1% of revenue) and net earnings $6.6M.