Kimbell Royalty Partners, LP (KRP) stock analysis
Close on Nov 11, 2026Market cap $1.75BP/E –Yield –
StockData Score
Prices as of Nov 11, 2026How the score works
Weak7 of 30 checks passed
Kimbell Royalty Partners, LP passes 7 of the 30 checks behind our score; 18 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.
- Valuation
- 1/6
- Growth
- 2/6
- Past performance
- 0/6
- Financial health
- 1/6
- Dividend
- 3/6
What stands out
Trading below fair value
The share price of $15.26 is below our fair value estimate of $16.67.
Revenue growing 10%+ a year
Revenue grew 10.4% a year over the last three fiscal years.
Growing faster than the industry
Revenue grew 9.0% over the last twelve months; the Crude Petroleum and Natural Gas median is 8.7%.
Short-term assets cover short-term debts
Current assets are 3.79 times current liabilities.
What to watch
Margin of safety under 20%
The price is 8.5% below fair value, less than the 20% cushion we look for.
Interest not well covered
Operating income covers interest expense 3.9 times; we look for at least 5.
Bankruptcy risk in the grey zone
The Altman Z-score is 2.43; above 3 is the safe zone and below 1.8 the distress zone.
Guidance lowered
Kimbell Royalty Partners, LP lowered its 2026 Non-Cash G&A outlook on Feb 26, 2026.
Valuation1/6
P/E against its history
Not enough price and earnings history to compare.
P/E against the industry
Needs positive earnings and enough profitable companies in the industry.
EV/EBITDA against its history
Needs positive EBITDA and price history.
P/S above the industry
Kimbell Royalty Partners, LP's price-to-sales of 5.05 is above the Crude Petroleum and Natural Gas median of 1.68 (book value is negative, so we use sales).
Trading below fair value
The share price of $15.26 is below our fair value estimate of $16.67.
Margin of safety under 20%
The price is 8.5% below fair value, less than the 20% cushion we look for.
Growth2/6
Revenue growing 10%+ a year
Revenue grew 10.4% a year over the last three fiscal years.
EPS growth over 3 years
Needs positive EPS three years ago and today.
Earnings acceleration
Needs positive net income now, a year ago and five years ago.
Growing faster than the industry
Revenue grew 9.0% over the last twelve months; the Crude Petroleum and Natural Gas median is 8.7%.
Guidance lowered
Kimbell Royalty Partners, LP lowered its 2026 Non-Cash G&A outlook on Feb 26, 2026.
Gross margin trend
This company does not report gross profit.
Past performance0/6
Return on equity
Needs positive equity and five years of results.
Return on invested capital
Needs operating income and invested capital.
Return on equity against the industry
Needs positive equity.
Earnings over 5 years
Needs positive net income five years ago and in the latest year.
Net margin against its history
Needs five years of revenue and net income.
Net margin against the industry
Needs revenue and net income.
Financial health1/6
Debt level
Needs debt and equity figures.
Debt trend
Needs a balance sheet from five years ago with positive equity.
Debt coverage
Needs operating cash flow.
Interest not well covered
Operating income covers interest expense 3.9 times; we look for at least 5.
Short-term assets cover short-term debts
Current assets are 3.79 times current liabilities.
Bankruptcy risk in the grey zone
The Altman Z-score is 2.43; above 3 is the safe zone and below 1.8 the distress zone.
Dividend3/6
Pays a dividend
Kimbell Royalty Partners, LP paid dividends worth 10.5% of the share price over the last twelve months.
Yield above Treasuries
The 10.5% yield is above the 4.4% on a 1-year Treasury.
Yield in the top quarter
The top quarter of US dividend payers yield 3.8% or more; Kimbell Royalty Partners, LP yields 10.5%.
Dividend stability
Fewer than five years of dividend history.
Earnings cover
Needs dividends paid and net income.
Cash-flow cover
Needs dividends paid and free cash flow.
Fair value
How we estimate itOur estimate per share
$16.67
The share price is 8% below this estimate.
| Method | Multiple used | Own 5Y median | Industry median | Value per share | Weight |
|---|---|---|---|---|---|
| EV/EBITDA | 5.3× | – | 5.3× | $12.48 | 70% |
| Earnings power | 7.4% cost of equity | – | – | $26.45 | 30% |
| Fair value | $16.67 | 100% | |||
Valuation over time
Using the earnings and balance sheet published at each date, not today's.
An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.
Market risk
From the past year of daily prices.
Liquidity
Medium risk
- Average value traded per day
- $12.85M
- Value traded per 1% price move
- $12.86M
Downside
Low risk
- Typical loss in a bad month
- 11.6%
- Volatility (annualized)
- 24%
- Sharpe ratio, 1 year
- 0.36
- Beta to the S&P 500 (5Y)
- 0.42
Typical bad-month loss, week by week
Margins
Share of revenue, fiscal years 2016 to 2025
Operating margin
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +7.9% | +10.4% | +29.8% | – | |
| Operating income | +259.1% | -1.0% | – | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Current ratio | – | 3.23 | 8.64 | |
| Interest coverage | – | -39.0× | 3.9× |
Cash use needs five years of cash flow figures
Kimbell Royalty Partners, LP does not report operating cash flow and capital expenditure for each of the last five fiscal years.
DuPont needs revenue, assets and equity
This company does not report all three for consecutive years.
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
- ProfitableNet income above zero–
- Cash generatingOperating cash flow above zero$246.46M
- Return on assets improvedROA up on the prior year– → –
- Earnings backed by cashOperating cash flow above net income$246.46M vs –
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose6.69 → 8.64
- No dilutionShare count did not rise– → –
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.23 → 0.30
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