The partnership achieved record-breaking results across key metrics, including $103 million in oil, natural gas, and NGL revenues and $84.9 million in consolidated adjusted EBITDA. These figures were bolstered by the company's active presence in the Permian Basin and other major U.S. fields, where 91 rigs were operating on its land as of June 30. This activity level translates to a 16% market share of all active land rigs in the continental United States.
Kimbell Royalty Partners Posts Record Revenue and 15% Distribution Hike
Kimbell Royalty Partners reported record financial performance for the second quarter of 2026, driven by a surge in production to 25,830 barrels of oil equivalent per day. The Fort Worth-based company capitalized on robust drilling activity across its U.S. acreage, prompting a 15% increase in cash distributions to common unitholders.
Following the $145.9 million acquisition of Mesa Royalties in June, the company has ramped up its consolidation strategy, announcing over $360 million in acquisitions within the last three months. To support this growth, Kimbell increased its secured revolving credit facility borrowing base to $660 million. The board of directors declared a cash distribution of $0.47 per common unit, with 75% of cash available for distribution paid to investors and the remaining 25% earmarked for debt reduction. Management estimates that nearly half of this payout will qualify as a return of capital, offering tax advantages to unitholders.
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