Jul. 17 at 5:59 PM
$KRP — HOLD
Q1 2026 EBITDA fell to
$45.2M from
$64.6M in Q4 2025, a 30% drop that shows the cash stream is still highly sensitive to commodity pricing and operator activity. The royalty model is structurally attractive because Kimbell collects cost-free income from acreage it does not drill or operate, but the latest quarter did not show enough momentum to upgrade the name. A hold makes sense while the business resets, especially with EBITDA still below the
$60M level that would signal a cleaner recovery. The setup remains durable, but the current run rate is not strong enough to justify a higher rating.
Full research: https://lf0.com/research/kimbell-royalty-partners-stock-analysis-krp/
