Record Oil, Natural Gas and NGL Revenues, Record Lease Bonus and Other Income, Record Net Income, Record Consolidated Adjusted EBITDA and Record Cash Available for Distribution Record Q2 2026 Daily Production of 25,830 Boe/d (6:1) Borrowing Base and Aggregate Commitments on Kimbell's Secured Revolving Credit Facility Increased from $625 million to $660 million Activity on Acreage Remains Robust with 91 Active Rigs Drilling Representing 16% 1 Market Share of U.S. Land Rig Count Announces Q2 2026 Cash Distribution of $0.47 per Common Unit, an Increase of 15% from Q1 2026 FORT WORTH, Texas, Aug. 7, 2026 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell" or the "Partnership"), a leading owner of oil and natural gas mineral and royalty interests in approximately 135,000 gross wells across 28 states, today announced financial and operating results for the quarter ended June 30, 2026. Second Quarter 2026 Highlights Record Q2 2026 daily production of 25,830 barrels of oil equivalent ("Boe") per day (6:1) Includes 9 days of production from the Company's $145.9 million acquisition of Mesa Royalties (the "Acquired Production"), which closed on June 22, 2026 with an effective date of June 1, 2026 Following the closing of the Acquired Production on June 22, 2026, run-rate production was 26,967 Boe per day (6:1) Record Q2 2026 oil, natural gas and NGL revenues of $103.0 million Q2 2026 net income of approximately $47.3 million and net income attributable to common units of approximately $38.4 million Record Q2 2026 consolidated Adjusted EBITDA of $84.9 million On June 24, 2026, the borrowing base and aggregate commitments on Kimbell's secured revolving credit facility were increased from $625 million to $660 million As of June 30, 2026, Kimbell's major properties2 had 7.39 net DUCs and net permitted locations on its acreage compared to an estimated 7.20 net wells needed to maintain flat production As of June 30, 2026, Kimbell had 91 rigs actively drilling on its acreage, representing approximately 16% market share of all land rigs drilling in the continental United States as of such time Announced a Q2 2026 cash distribution of $0.47 per common unit, reflecting a payout ratio of 75% of cash available for distribution; implies a 13.0% annualized yield based on the August 6, 2026 closing price of $14.51 per common unit; Kimbell intends to utilize the remaining 25% of its cash available for distribution to repay a portion of the outstanding borrowings under Kimbell's secured revolving credit facility During Q2 2026, Kimbell repurchased and cancelled 500,000 of its common units for an aggregate purchase price of approximately $7.4 million (average price of $14.70 per unit) Kimbell affirms its financial and operational guidance ranges for 2026 previously disclosed in its Q4 2025 earnings release and expects to update guidance upon the closing of the Drop Down acquisition previously announced on July 17, 2026 1 Based on Kimbell rig count of 91 and Baker Hughes U.S. land rig count of 561 as of June 30, 2026.
