Feed / KRP

Kimbell Royalty Partners, LP

KRP

Energy · 14.29 -0.1% today

Partial group confirmationMarket checked 30 Sept, 15:55 GMT-4

Market read

Kimbell Royalty Partners, LP's move is spreading beyond its market group.

KRP accounts for 1.3% of the group's measured movement across 9.2 effective names. raw member direction is mixed; 7 of 12 SPY-adjusted paths align to the upside. Capital-flow agreement is 30%, so confirmation is not yet clean. No verified headline preceded the measured group move.

MOVE ANATOMY

Is this move genuinely shared?

SPY-adjusted 5m paths
Role in the moveFlat / inactive path#12 of 12 by movement share
Group movement share1.3%Absolute path energy—not portfolio weight
Relative path-0.08%flat
Effective breadth9.2 / 12broad
Relative alignment7/12upside path · 4 counter-moving
Capital-flow agreement30%not yet clean
SEQUENCE READ

No material onset for KRP could be timestamped inside the aligned 5-minute window.

EVIDENCE COVERAGE

5 of 12 members in Oil & Gas are active. 0 of 2 disclosed connections are confirming.

What would change this read
  • At least 8 of 12 durable members become active together.
  • Capital-flow agreement rises above 55%.
  • AR remains aligned with the group in the next market snapshot.

Invalidation: The live read weakens if participation falls to 4 of 12 members or fewer.

Watch this read

Research brief

The story so far

Energy · Oil & Gas E&P

KRP accounts for 1.3% of the group's measured movement across 9.2 effective names. raw member direction is mixed; 7 of 12 SPY-adjusted paths align to the upside. Capital-flow agreement is 30%, so confirmation is not yet clean. No verified headline preceded the measured group move.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • At least 8 of 12 durable members become active together.
  • Capital-flow agreement rises above 55%.
  • AR remains aligned with the group in the next market snapshot.

Company research

Understand the business, not just the ticker

As of Oct 1, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations333
Usable filing statements97
Verified relationships0
Evidence supporting the case
  • Latest annual revenue changed +7.9% year over year.
  • Operating margin changed +27.8 percentage points in the latest annual period.
  • Demand and volume has repeated favorable evidence across 4 filings.
Evidence challenging the case
  • Energy and commodity prices has repeated adverse evidence across 4 filings.
  • Restructuring and cost reductions has repeated adverse evidence across 3 filings.
Questions before a position

No credible peer-relative valuation comparison is available yet.

Longer-term price context

Price as of Sep 30, 2026

14.29
6m-1.6%12m+7.2%24m—
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$175.1M+93.5%——
2022-12-31$248.1M+41.7%——
2023-12-31$294.1M+18.5%——
2024-12-31$309.3M+5.2%——
2025-12-31$333.8M+7.9%——

What management says matters

Persistent and emerging business drivers

Credit and interest ratesnegative · 4 filings
“The increase in interest expense was primarily due to an increase in the overall debt balance as a result of additional borrowings to complete the partial redemption of the Series A preferred units.”
10-Q · May 7, 2026 ↗
Demand and volumepositive · 4 filings
“Pricing for oil, natural gas and NGL production has been volatile and unpredictable for several years, and we expect commodity prices to be even more volatile in the future as a result of ongoing international supply and demand imbalances and limited internat…”
10-Q · May 7, 2026 ↗
Energy and commodity pricesnegative · 4 filings
“The increase in marketing and other deductions was primarily related to the increase in production volumes along with an increase in the average prices received for oil, partially offset by a decrease in the average prices received for natural gas and NGLs fo…”
10-Q · May 7, 2026 ↗
Restructuring and cost reductionsnegative · 3 filings
“As a result of its full cost ceiling analysis, the Partnership recorded an impairment on its oil and natural gas F-17 Table of Contents properties of $ 62.1 million and $ 18.2 million during the years ended December 31, 2024 and 2023.”
10-K · Feb 26, 2026 ↗

Valuation discipline

Peer-relative valuation withheld

Jodie found no industry-matched filing peers suitable for a valuation comparison. It will not substitute broader financial-sector names.

Scenario scaffold

No usable price/earnings or price/sales multiple (need a fresh price).

Price action

How the market is pricing the story

14.29-0.1% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 30 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for KRP. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for KRP. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind KRP

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 2 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

KRP is currently a Early Follower in the organic co-movement group Oil & Gas. This group is discovered from market behaviour rather than assigned from an industry taxonomy. No verified filing-linked names are available yet.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.