Kimbell Royalty Partners Boosts 2026 Production Guidance

Relative to prior 2026 guidance issued with Q4 2025 earnings release, Kimbell expects:

* Record daily production, which at its midpoint for Q3 2026 and Q4 2026 guidance is a 10% and 15% increase, respectively, over the midpoint of prior 2026 guidance * Increase in oil production mix with Permian leading all categories including revenue, production, DUCs, permits and PUDs * Reduction in expected cash G&A per Boe, reflecting positive operating leverage FORT WORTH, Texas, Aug. 24, 2026 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell" or the "Company"), a leading owner of oil and gas mineral and royalty interests in over 17 million gross acres in 28 states, today announced updated guidance for the third and fourth quarters of 2026. The revised guidance is in connection with the previously announced closing of the purchase of mineral and royalty interests held by Mesa Royalties (portfolio companies of funds managed by NGP), in a cash and unit transaction valued at approximately $145.9 million (the "Mesa Acquisition)", and the previously announced closing of the purchase of certain oil and gas royalty interests from certain affiliated sellers in a cash and unit transaction valued at approximately $221.2 million (the "Drop Down" and, together with the Mesa Acquisition, the "Acquisitions").