Kimbell Royalty (NYSE:KRP) Partners, LP (NYSE: KRP) is a publicly traded limited partnership that specializes in the acquisition and management of oil and gas mineral and royalty interests across the continental United States. The company’s core business involves purchasing producing and non-producing royalty and mineral assets from private owners, operators, and other investment vehicles. By focusing on interests that do not require operational control, Kimbell Royalty generates revenue through royalty payments based on production volumes, thereby providing investors with exposure to upstream energy without the operational risks associated with drilling and completion activities.
Since its formation in 2012 and subsequent initial public offering in 2014, Kimbell Royalty has built a diversified portfolio of acreage and royalty interests in key basins, including the Permian Basin of West Texas and southeastern New Mexico, the Williston Basin in North Dakota, the Haynesville Shale spanning Louisiana and East Texas, and several gulf coast and Midcontinent regions. Through a series of strategic acquisitions and equity offerings, the partnership has expanded its holdings to include both horizontal and vertical drilling locations, giving it a balanced mix of legacy conventional assets and high-growth unconventional opportunities.
Headquartered in Fort Worth, Texas, Kimbell Royalty operates under a management team led by Chairman William Powers and Chief Executive Officer David Weisman. The leadership group, which also includes executives overseeing finance, land, and asset management, emphasizes disciplined capital deployment, transactional rigor, and alignment with unitholder interests. With no direct operating liabilities, the partnership pursues a conservative financial strategy focused on preserving capital, enhancing asset quality, and unlocking value through accretive acquisitions in prolific U.S. onshore basins.
