Kimbell Royalty Partners, LP.
- KRP ยท NYSE
- Crude Petroleum & Natural Gas
- Fort Worth, TX
- 29 employees
- CIK 0001657788
Updated from SEC filings through
Top things to know
Executives
- Robert D. Ravnaas Chief Executive Officer 4, 2026-03-05
- Robert Davis Ravnaas President and CFO 4, 2026-03-05
- R. Davis Ravnaas President and Chief Financial Officer 10-K, 2026-02-26
- Matthew S. Daly Chief Operating Officer 4, 2026-03-05
- Peter Alcorn Vice President - Land 4, 2026-03-05
- Blayne Rhynsburger Controller 4, 2026-09-23
Kimbell Royalty Partners, LP is a U.S. public company in crude petroleum & natural gas (SIC 1311), headquartered in Fort Worth, TX. It trades as KRP on NYSE. Revenue was $334M in the fiscal year ending December 31, 2025, +7.9% from the year before. It reported about 29 employees. Robert D. Ravnaas is Chief Executive Officer.
Five-year financials
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $334M 10-K, 2026-02-26 | $309M 10-K, 2026-02-26 | $294M 10-K, 2026-02-26 | $248M 10-K, 2025-02-27 | $136M 10-K/A, 2024-11-08 |
| Operating income | $133M 10-K, 2026-02-26 | $37.0M 10-K, 2026-02-26 | $110M 10-K, 2026-02-26 | $137M 10-K, 2025-02-27 | $49.3M 10-K/A, 2024-11-08 |
| SG&A | $39.7M 10-K, 2026-02-26 | $38.5M 10-K, 2026-02-26 | $35.7M 10-K, 2026-02-26 | $29.1M 10-K, 2025-02-27 | $27.0M 10-K/A, 2024-11-08 |
| Net income | $99.7M 10-K, 2026-02-26 | $11.1M 10-K, 2026-02-26 | $83.0M 10-K, 2026-02-26 | $131M 10-K, 2025-02-27 | $42.4M 10-K/A, 2024-11-08 |
Annual figures from XBRL in each company's own filings. Click a figure to open the filing. SG&A marked derived is general and administrative plus selling and marketing.
Leadership and board
| Name | Title | Source |
|---|---|---|
| Robert D. Ravnaas Chief Executive Officer at Kimbell Royalty Partners, LP | Chief Executive Officer | 4, 2026-03-05 |
| Robert Davis Ravnaas Chief Executive Officer at Kimbell Royalty Partners, LP | President and CFO | 4, 2026-03-05 |
| R. Davis Ravnaas | President and Chief Financial Officer | 10-K, 2026-02-26 |
| Matthew S. Daly Chief Operating Officer at Kimbell Royalty Partners, LP (NYSE: KRP) | Chief Operating Officer | 4, 2026-03-05 |
| Peter Alcorn | Vice President - Land | 4, 2026-03-05 |
| Blayne Rhynsburger | Controller | 4, 2026-09-23 |
| R. Blayne Rhynsburger | Controller | 10-K, 2026-02-26 |
| Brett G. Taylor | Executive Vice Chairman of the Board of Directors | 10-K, 2026-02-26 |
| Craig Stone | Director | 10-K, 2026-02-26 |
| Erik Daugbjerg | Director | 10-K, 2026-02-26 |
| Mitch S. Wynne | Director | 10-K, 2026-02-26 |
| T. Scott Martin | Director | 10-K, 2026-02-26 |
| William H. Adams III | Director | 10-K, 2026-02-26 |
What Kimbell Royalty Partners, LP does
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.
Item 1. Business, 10-K for the year ending December 31, 2025
Shares and governance
| Shares outstanding | 26.8 million (as of August 3, 2018) | 10-Q, August 10, 2018 |
|---|---|---|
| Public float | $1.2B (as of June 30, 2025) | 10-K, February 26, 2026 |
| Reportable segments | 1 (period ending September 30, 2026) | 10-Q, November 5, 2026 |
| Latest proxy statement | Meeting May 18, 2022 (filed April 4, 2022) | DEF 14A, April 4, 2022 |
| Auditor | Grant Thornton LLP (Dallas, Texas) | Latest 10-K |
Insider trades
Open-market buys and sales by officers and directors, from Forms 4 and 5. One row per filing.
| Date | Insider | Trade | Shares | Value | Source |
|---|---|---|---|---|---|
| September 22, 2026 | Blayne Rhynsburger Controller | Sale | 1,700 | $24K | Form 4, September 23, 2026 |
| August 25, 2026 | Blayne Rhynsburger Controller | Sale | 4,524 | $68K | Form 4, August 27, 2026 |
| March 23, 2026 | Blayne Rhynsburger Controller | Sale | 6,609 | $96K | Form 4, March 24, 2026 |
| March 2, 2026 | Mitch S. Wynne Director | Sale | 35,000 | $507K | Form 4, March 3, 2026 |
| September 4, 2025 | Blayne Rhynsburger Controller | Sale | 3,600 | $49K | Form 4, September 5, 2025 |
Recent 8-K events
- 8-K filed 2026-11-05
- Item 2.02 Results of operations and financial condition (earnings release)
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-10-16
- Item 8.01 Other events
- 8-K filed 2026-08-24
- Item 1.01 Entry into a material definitive agreement
- Item 3.02 Unregistered sales of equity securities
- Item 7.01 Regulation FD disclosure
- Item 8.01 Other events
- 8-K filed 2026-08-07
- Item 2.02 Results of operations and financial condition (earnings release)
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-07-17
- Item 1.01 Entry into a material definitive agreement
- Item 3.02 Unregistered sales of equity securities
- Item 7.01 Regulation FD disclosure
- Item 8.01 Other events
- 8-K filed 2026-06-23
- Item 1.01 Entry into a material definitive agreement
- Item 3.02 Unregistered sales of equity securities
- Item 7.01 Regulation FD disclosure
- Item 8.01 Other events
- 8-K filed 2026-05-19
- Item 1.01 Entry into a material definitive agreement
- Item 3.02 Unregistered sales of equity securities
- Item 7.01 Regulation FD disclosure
- Item 8.01 Other events
- 8-K filed 2026-05-07
- Item 2.02 Results of operations and financial condition (earnings release)
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-03-09
- Item 8.01 Other events
- 8-K filed 2026-02-26
- Item 2.02 Results of operations and financial condition (earnings release)
- Item 7.01 Regulation FD disclosure
Frequently asked questions about Kimbell Royalty Partners, LP
- What does Kimbell Royalty Partners, LP do?
- In its own words, from Item 1 of its 10-K: "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."
- What is Kimbell Royalty Partners, LP's revenue?
- $334M for the fiscal year ending December 31, 2025, from its 10-K filed February 26, 2026.
- Is Kimbell Royalty Partners, LP profitable?
- Kimbell Royalty Partners, LP reported net income of $99.7M for the fiscal year ending December 31, 2025.
- How many employees does Kimbell Royalty Partners, LP have?
- About 29 as of December 31, 2025, as stated in its annual report.
- Who is the CEO of Kimbell Royalty Partners, LP?
- Robert D. Ravnaas, Chief Executive Officer, as named in a 4 filed March 5, 2026.
- Who is the CFO of Kimbell Royalty Partners, LP?
- Robert Davis Ravnaas, President and CFO, as named in a 4 filed March 5, 2026.
- Where is Kimbell Royalty Partners, LP headquartered?
- Fort Worth, TX.
- What is Kimbell Royalty Partners, LP's stock ticker?
- KRP on NYSE.
- What industry is Kimbell Royalty Partners, LP in?
- Crude Petroleum & Natural Gas, SIC code 1311.
- What is Kimbell Royalty Partners, LP's website?
- kimbellrp.com.
- When does Kimbell Royalty Partners, LP report earnings next?
- November 7, 2026. Source: estimate_8k_pattern.
- Is Kimbell Royalty Partners, LP a public company?
- Yes. Kimbell Royalty Partners, LP files with the SEC under CIK 0001657788 and trades as KRP.
- Who audits Kimbell Royalty Partners, LP?
- Grant Thornton LLP, Dallas, Texas, as named in its latest annual report (10-K).
- How many shares of Kimbell Royalty Partners, LP are outstanding?
- 26.8 million shares as of August 3, 2018, from its 10-Q filed August 10, 2018.
- What is Kimbell Royalty Partners, LP's public float?
- $1.2B as of June 30, 2025, as reported on the cover of its 10-K filed February 26, 2026.
- How many business segments does Kimbell Royalty Partners, LP report?
- 1 reportable segment for the period ending September 30, 2026, from its 10-Q filed November 5, 2026.
- When is Kimbell Royalty Partners, LP's annual shareholder meeting?
- May 18, 2022, per its proxy statement (DEF 14A) filed April 4, 2022.
- Have Kimbell Royalty Partners, LP insiders traded stock recently?
- Since September 4, 2025, officers and directors reported 5 open-market sales worth about $745K and 0 purchases on Forms 4 and 5. The most recent: Blayne Rhynsburger (Controller) sold 1,700 shares on September 22, 2026.