Is Kimbell Royalty Partners, LP (NYSE:KRP) a buy in 2026?
Yes, on balance. The Compass leans toward accumulating Kimbell Royalty Partners, LP at current levels.
A mineral rights business that gets paid whether drillers profit or bleed, trading like a tired MLP while its acreage sits under the busiest basins in America.
Where KRP is headed
Kimbell Royalty Partners owns the ground, not the wells. That distinction is the whole business. When an operator drills on Kimbell's acreage in the Permian, Bakken, Eagle Ford, Haynesville or Mid-Con, Kimbell takes a slice off the top with zero capex, zero completion cost, and zero exposure to service inflation. By late 2027, we think this partnership looks like a materially larger royalty aggregator, north of 20 million gross acres under management, generating $200M+ in free cash flow at a mid-cycle $70 WTI, and distributing 75%+ of that to unit holders. The path is unglamorous. Buy small mineral packages from families and estates at 6-8x cash flow, drop them into a vehicle that trades at 10-12x, harvest the arbitrage, repeat.
Read the full Compass Direction on KRP
The complete destination call, the overlooked angle, milestones, and bull, base, and bear price scenarios (around $15.04).
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Frequently asked questions
Is Kimbell Royalty Partners, LP (NYSE:KRP) a buy in 2026?
Yes, on balance. The Compass leans toward accumulating Kimbell Royalty Partners, LP at current levels. A mineral rights business that gets paid whether drillers profit or bleed, trading like a tired MLP while its acreage sits under the busiest basins in America.
What is KRP's Compass Score?
Kimbell Royalty Partners, LP scores 82/100 on Alexandria's Compass, placing it in the "True North" tier. Scores blend eight factors and update weekly.
What is the price target for KRP?
Alexandria's full Compass Direction includes bull, base, and bear price scenarios with the valuation math behind each. Read the full breakdown on the KRP page.
Compass verdicts are AI-generated, forward-looking editorial research from publicly available data, not investment advice or a recommendation regarding any security. Scores and verdicts update as the data changes.