Kimbell Royalty Partners, LP

Kimbell Royalty Partners, LP is an oil and gas mineral and royalty company based in Fort Worth, Texas. It owns mineral and royalty interests across over 17 million gross acres in 28 states, spanning every major onshore basin in the continental United States, including more than 131,000 gross wells with a significant presence in over 52,000 wells in the Permian Basin. The company generates revenue through royalty payments from oil and natural gas production on its properties, without incurring operating costs or capital expenditures associated with drilling or development. Leading operators develop the acreage at no cost to Kimbell Royalty Partners, LP, benefiting from technological advances in the U.S. energy sector. Its investment strategy emphasizes acquiring premier quality, long-life minerals with shallow decline profiles in basins rich in reserves operated by financially strong companies. Founded on ethics and investment discipline, the company maintains integrity in dealings, offering fair valuations and fostering long-term relationships in the industry. Kimbell Royalty Partners, LP has elected to be taxed as a corporation, providing investors with tax-advantaged distributions via 1099-DIV forms rather than K-1s, distinguishing it from traditional master limited partnerships or royalty trusts.