KRP

EX-99.1

2 tm2629038d1_ex99-1.htm

EXHIBIT 99.1

Exhibit 99.1

NEWS RELEASE

Kimbell Royalty Partners Announces Record Third Quarter 2026 Results

Record Q3 2026 Daily Production of 27,565 Boe/d (6:1)

Kimbell Gave Notice to Redeem 50% of the Remaining Series A Cumulative Convertible Preferred Units (the “Preferred Units”); After Closing, the Remaining Outstanding Preferred Units Will Be Less Than 3% of Kimbell’s $2.8 Billion Enterprise Value1

Borrowing Base and Elected Commitments on Kimbell’s Secured Revolving Credit Facility Increased from $660 Million to $750 Million

Activity on Acreage Remains Robust with 93 Active Rigs Drilling Representing 16%2 Market Share of U.S. Land Rig Count, an Increase of 2 Rigs from Q2 2026 and Record Line-of-Sight Wells

Announces Q3 2026 Cash Distribution of $0.45 per Common Unit

FORT

WORTH, Texas, November 5, 2026 – Kimbell Royalty Partners, LP (NYSE: KRP) (“Kimbell” or the “Partnership”), a leading owner of oil and natural gas mineral and royalty interests in more than 137,000 gross wells across 28 states, today announced financial and operating results for the quarter ended September 30, 2026.

Third Quarter 2026 Highlights

·Record Q3 2026 daily production of 27,565 barrels of oil equivalent (“Boe”) per day (6:1)

·Includes 41 days of production from the Company’s $221.2 million Drop Down acquisition (the “Acquired Production”), which closed on August 21, 2026 with an effective date of June 1, 2026

·Following the closing of the Acquired Production on August 21, 2026, run-rate production was 28,910 Boe per day (6:1)

·Q3 2026 oil, natural gas and NGL revenues of $96.9 million

·Including the Acquired Production from the effective date through September 30, 2026, Q3 2026 oil, natural gas and NGL revenues were $104.6 million

·Q3 2026 net income of approximately $17.3 million and net income attributable to common units of approximately $12.4 million

·Q3 2026 consolidated Adjusted EBITDA of $80.4 million

·Including the Acquired Production from the effective date through September 30, 2026, Q3 2026 consolidated Adjusted EBITDA was $87.5 million

1 Based on Kimbell’s $16.88 per unit closing price as of October 30, 2026.

2 Based on Kimbell rig count of 93 as of September 30, 2026 and Baker Hughes U.S. land rig count of 586 as of October 2, 2026.

Kimbell Royalty Partners, LP – News Release

Page 2

·On October 15, 2026, the borrowing base and elected commitments on Kimbell’s secured revolving credit facility increased from $660 Million to $750 Million

·On October 16, 2026, Kimbell gave notice to redeem 50% of the remaining Preferred Units. After closing, which is expected to occur on November 16, 2026, the remaining outstanding Preferred Units will be less than 3% of Kimbell’s $2.8 billion enterprise value

·As of September 30, 2026, Kimbell’s major properties3 had a record 9.37 net DUCs and net permitted locations on its acreage compared to an estimated 8.20 net wells needed to maintain flat production

·As of September 30, 2026, Kimbell had 93 rigs actively drilling on its acreage, an increase of 2 rigs from Q2 2026 and representing approximately 16% market share of all land rigs drilling in the continental United States as of such time

·Announced a Q3 2026 cash distribution of $0.45 per common unit, reflecting a payout ratio of 75% of cash available for distribution; implies a 10.7% annualized yield based on the October 30, 2026 closing price of $16.88 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

·Kimbell affirms its financial and operational guidance ranges for Q4 2026 previously disclosed in its recent guidance press release announced on August 24, 2026

Robert Ravnaas, Chairman and Chief Executive Officer of Kimbell Royalty GP, LLC, Kimbell’s general partner (the “General Partner”), commented, “We are pleased to report another outstanding quarter for Kimbell, which included record production, an increase in our rig count by 2 rigs to 93 rigs actively drilling across our acreage and record line of sight wells. In addition, we provided notice to redeem half of the remaining Preferred Units, which further simplifies our capital structure and reduces our cost of capital. After closing this redemption later this month, the face value of the remaining outstanding Preferred Units will be less than 3% of Kimbell’s $2.8 billion enterprise value. Finally, we increased the Company’s borrowing base and elected commitments from $660 million to $750 million on Kimbell’s secured revolving credit facility.

“We are pleased to declare the Q3 2026 distribution of 45 cents per common unit, reflecting a 10.7% annualized tax advantaged yield based on Kimbell’s closing price on October 30, 2026. We estimate that approximately 76% of this distribution is expected to be considered return of capital and not subject to dividend taxes, f

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