Credit Facility Increase: Kimbell Royalty Partners successfully increased its credit facility from $750 million to $1.5 billion, enhancing the company's financing capabilities and further solidifying its market position in the oil and gas royalty sector.
Cost of Capital Reduction: By reducing the pricing grid by 25 basis points and removing a 10 basis point credit spread adjustment, Kimbell improved its interest rate spreads by a total of 35 basis points, thereby lowering financing costs and enhancing financial flexibility.
Borrowing Base Confirmation: Existing lenders unanimously reaffirmed the borrowing base and total commitments at $625 million, extending the maturity date to 2030, which ensures the company's financial stability over the next five years.
Strategic Confidence Boost: Kimbell's President noted that the lenders' confidence reflects the quality and sustainability of the company's diversified asset base, further reinforcing its role as a leading consolidator in the oil and gas royalty sector.
KRP
$11.57+Infinity%1D
Analyst Views on KRP
Wall Street analysts forecast KRP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for KRP is 14.50 USD with a low forecast of 12.00 USD and a high forecast of 17.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
Wall Street analysts forecast KRP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for KRP is 14.50 USD with a low forecast of 12.00 USD and a high forecast of 17.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Buy
1 Hold
1 Sell
Hold
Current: 11.500
Low
12.00
Averages
14.50
High
17.00
Current: 11.500
Low
12.00
Averages
14.50
High
17.00
Mizuho
William Janela
Neutral
maintain
$16 -> $17
2025-12-12
Reason
Mizuho
William Janela
Price Target
$16 -> $17
2025-12-12
maintain
Neutral
Reason
Mizuho analyst William Janela raised the firm's price target on Kimbell Royalty Partners to $17 from $16 and keeps a Neutral rating on the shares. The firm adjusted ratings and targets in the exploration and production group as part of its 2026 outlook. While sentiment for U.S. oil and gas names is negative on oil market oversupply and high gas storage, there is "underappreciated value" in the group, particularly in exploration and production on longer-term fundamentals that could start becoming realized in 2026, the analyst tells investors in a research note. Mizuho suggests a reallocation of risk toward oil E&Ps with a selective bias in gas stocks. It turned more neutral on refining.
KeyBanc
Overweight -> Sector Weight
downgrade
$NULL
2025-11-24
Reason
KeyBanc
Price Target
$NULL
2025-11-24
downgrade
Overweight -> Sector Weight
Reason
KeyBanc downgraded Kimbell Royalty Partners to Sector Weight from Overweight without a price target. The firm cites the "choppy" oil price environment and expectations for minimal Permian oil growth in 2026 for the downgrade. The downgrade downgrade reflects challenges for smaller minerals entities, the analyst tells investors in a research note.
KeyBanc
Tim Rezvan
Overweight
downgrade
$18 -> $17
2025-09-03
Reason
KeyBanc
Tim Rezvan
Price Target
$18 -> $17
2025-09-03
downgrade
Overweight
Reason
KeyBanc analyst Tim Rezvan lowered the firm's price target on Kimbell Royalty Partners to $17 from $18 and keeps an Overweight rating on the shares. The firm says its updated estimates reflect KeyBanc's revised natural gas price forecast.
Keybanc
Tim Rezvan
Buy
Maintains
$20 → $18
2025-04-21
Reason
Keybanc
Tim Rezvan
Price Target
$20 → $18
2025-04-21
Maintains
Buy
Reason
About KRP
Kimbell Royalty Partners, LP is an oil and gas mineral and royalty company. It owns mineral and royalty interests in over 17 million gross acres in 28 states and in onshore basins in the continental United States, including ownership in more than 130,000 gross wells with over 51,000 wells in the Permian Basin. Its properties include the Permian Basin, Mid-Continent, Appalachian, Eagle Ford, Bakken, Terryville/Cotton Valley/Haynesville, and DJ Basin/Rockies/Niobrara. The Permian Basin extends from southeastern New Mexico into West Texas. The Mid-Continent is an area containing fields in Arkansas, Kansas, Louisiana, New Mexico, Oklahoma, Nebraska and Texas and including the Granite Wash, Cleveland, and Mississippi Lime formations. The Appalachian Basin covers most of Pennsylvania, eastern Ohio, West Virginia, western Maryland, eastern Kentucky, central Tennessee, Western Virginia, northwestern Georgia, and northern Alabama. The Eagle Ford shale formation stretches across south Texas.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
