Kimbell Royalty Partners (KRP) Q2 FY26 earnings call

Kimbell Royalty Partners delivered a record-setting quarter, driven by strong operational performance and the contribution from the Mesa Royalties acquisition. The company achieved new highs in revenues, production, and adjusted EBITDA, enabling a significant increase in unit distributions and share repurchases. While the Permian A&D market remains highly competitive, Kimbell continues to pursue accretive, diversified acquisitions, maintaining a conservative balance sheet and affirming its full-year guidance ahead of a second drop-down acquisition.