Kimbell Royalty Partners Closes $221.2 Million Drop Down Acquisition

(NYSE: KRP) Kimbell Royalty Partners, LP announced that it has closed the previously announced purchase of mineral and royalty interests from certain affiliated sellers in a cash and unit transaction valued at approximately $221.2 million. The purchase price for the Drop Down was comprised of $74.9 million in cash and 9.5 million common units of Kimbell Royalty Operating, LLC valued at approximately $146.3 million. Kimbell is entitled to all cash flow from production attributable to the Drop Down since the effective date of June 1, 2026. Revenues and certain other operating statistics under generally accepted accounting principles will be recorded for the Drop Down beginning on the closing date of August 21, 2026. Kimbell estimates that, as of June 1, 2026, the Drop Down currently produces approximately 2,347 Boe/d (841 Bbl/d of oil, 569 Bbl/d of NGLs, and 5,624 Mcf/d of natural gas). The Drop Down portfolio spans over 3 million gross acres with over 29,000 gross producing wells in premier areas of the Eagle Ford, Permian, Mid-Con and Appalachia. Kimbell owns mineral and royalty interests in over 17 million gross acres in 28 states and in every major onshore basin in the continental United States, including ownership in more than 137,000 gross wells.

Kimbell Royalty Partners, LP Announces $215.4 Million Drop Down Acquisition

(NYSE: KRP) Kimbell Royalty Partners, LP announced the purchase of certain oil and gas royalty interests from certain affiliated sellers for approximately $215.4 million. The total purchase price consideration is comprised of $74.9 million in cash (approximately 35%) and 9.5 million newly issued common units of Kimbell Royalty Operating, LLC valued at $140.5 million, subject to customary closing and post-closing adjustments. The acquisition includes approximately 2,568 Net Royalty Acres (20,547 NRA normalized to 1/8th), with a targeted multi-basin portfolio spanning over 3 million gross acres and over 29,000 gross producing wells. Expected Q3 2026 average daily production is 2,347 boe/d (841 Bbl/d of oil, 569 Bbl/d of NGLs, and 5,624 Mcf/d of natural gas) (6:1). The transaction is expected to close on or around August 21, 2026, with an effective date of June 1, 2026, and be immediately accretive to distributable cash flow per unit. The Drop Down was approved by the Conflicts and Compensation Committee and the Board of Directors of Kimbell Royalty Partners' general partner on July 16, 2026. The sellers will be subject to a 90-day lockup after closing.

Kimbell Royalty Partners Closes $145.9 Million Permian Basin Mineral and Royalty Acquisition from Mesa Royalties

(NYSE: KRP) Kimbell Royalty Partners, LP announced that it has closed the previously announced purchase of mineral and royalty interests held by Mesa Royalties in a cash and unit transaction valued at approximately $145.9 million. The purchase price for the Acquisition was comprised of $44.0 million in cash (approximately 30% of the total consideration) and approximately 6.9 million newly issued common units of Kimbell Royalty Operating, LLC valued at $101.9 million. Kimbell is entitled to all cash flow from production attributable to the Acquired Assets since the effective date of June 1, 2026. Revenues and certain other operating statistics under generally accepted accounting principles will be recorded for the Acquisition beginning on the closing date of June 22, 2026. For the next twelve months, Kimbell estimates that, as of June 1, 2026, the Acquired Assets will produce approximately 1,390 Boe/d (754 Bbl/d of oil, 315 Bbl/d of NGLs, and 1,928 Mcf/d of natural gas) (6:1). The Acquired Assets reflect a broad, diversified footprint across 16 Permian counties, with approximately 711 Net Royalty Acres (5,691 NRA normalized to 1/8 th) concentrated in the Delaware Basin (70%) and Midland Basin (30%). Kimbell owns mineral and royalty interests in over 17 million gross acres in 28 states and in every major onshore basin in the continental United States, including ownership in more than 135,000 gross wells.