Filing Flows › Kimbell Royalty Partners, LP (KRP) › Q4 2025
Kimbell Royalty Partners, LP (KRP) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 26, 2026
Kimbell Royalty Partners, LP (KRP) reported revenue of $82.5M for the fourth quarter 2025 (Q4 2025), +24% from a year earlier and +2% from the quarter before. Operating margin was 39.6%, net earnings $21.8M (26.5% of revenue).
Kimbell Royalty Partners, LP, Q4 2025: revenue $82.5M (+24% year over year), operating margin 39.6%, net earnings $21.8M, operating cash flow $57.2M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $82.5M | +2% | +24% |
| Operating profit | $32.6M | +13% | — |
| Net earnings | $21.8M | +11% | — |
| Operating cash flow | $57.2M | -9% | +1% |
What changed
Revenue was $82.5M in Q4 2025, up 24% year over year and up 2% from the previous quarter.
Operating profit was $32.6M, a 39.6% margin (up 97.5 points year over year). Total costs fell 53% while revenue rose 24%. The fastest-growing cost line was SG&A (+11%). Net earnings were $21.8M. The effective tax rate was -5.5%.
Operating cash flow was $57.2M (up 1% year over year), 231% of net income including minority interests. Non-cash charges added back $31.9M of depreciation and amortization and $4.2M of share-based compensation. Working capital and other items used $3.7M.
Questions
What was Kimbell Royalty Partners, LP's revenue in the fourth quarter 2025?
Kimbell Royalty Partners, LP (KRP) reported revenue of $82.5M for the fourth quarter 2025 (Q4 2025), +24% from a year earlier and +2% from the quarter before.
Was Kimbell Royalty Partners, LP profitable in the fourth quarter 2025?
Operating profit was $32.6M (39.6% of revenue) and net earnings $21.8M.