Kimbell Royalty Partners, LP (NYSE: KRP) completed the acquisition of mineral and royalty interests from affiliated sellers in a deal valued at approximately $221.2 million.
The purchase consideration consisted of $74.9 million in cash, representing roughly 34% of the total, and 9.5 million common units of Kimbell Royalty Operating, LLC valued at approximately $146.3 million. The unit valuation reflects Kimbell’s closing price of $15.40 per unit as of August 21, 2026.
The transaction became effective on June 1, 2026, from which Kimbell is entitled to cash flow from production. The closing date was set for August 21, 2026, when revenues and operating statistics will be recorded under GAAP standards.
The acquired portfolio spans over 3 million gross acres and includes more than 29,000 gross producing wells. Production estimates as of June 1, 2026, indicate the assets will generate approximately 2,347 barrels of oil equivalent per day, including 841 barrels of oil, 569 barrels of natural gas liquids, and 5,624 thousand cubic feet of natural gas daily.
The mineral and royalty interests are located across the Eagle Ford, Permian, Mid-Con, and Appalachia regions. Kimbell Royalty Partners, based in Fort Worth, Texas, now holds mineral and royalty interests in over 17 million gross acres across 28 states.
