Bond.az - RBC Capital initiated coverage on Kimbell Royalty Partners LP (NYSE:KRP) with an outperform rating and a $20.00 price target.
The company operates a geographically diverse minerals and royalties portfolio spanning 28 states and nearly every major onshore U.S. basin.
Kimbell Royalty offers a current yield of 11.23%, the highest among its peer group. The distribution is tax-advantaged, with 72% of the first-quarter 2026 distribution classified as a non-taxable return of capital. According to Bond.az data, the company has maintained dividend payments for 10 consecutive years.
RBC Capital estimates the company's operating partners maintain a 10-12 year core inventory life on average.
Kimbell Royalty Partners is structured as a limited partnership focused on mineral and royalty interests in oil and natural gas properties. Trading at $14.61, the stock has delivered a 30.92% year-to-date return and sits near its 52-week high of $15.65.
In other recent news, Kimbell Royalty Partners reported first-quarter 2026 earnings that fell short of expectations. EPS came in at $0.04, below the anticipated $0.23. Revenue of $65.54 million missed the forecasted $88.98 million. Additionally, Kimbell announced an agreement to acquire mineral and royalty interests from Mesa Royalties for approximately $147 million.
This article was generated with AI support and reviewed by an editor.
