Kimbell Royalty Partners, LP
KRPEnergy · Stock · quarterly payer
Forward Yield
10.95%
Annual Dividend
$1.64
Payout Ratio
341%
5-Yr Growth
19.6%
Ex-Date
May 19, 2026
Frequency
Quarterly
Summary
As of July 2026, Kimbell Royalty Partners, LP (KRP) yields 10.95% ($1.64 per share annually), with a blended fair-value estimate of $28.38 — +89% upside, so it screens as undervalued. Dividend safety grade: D (45/100).
Is KRP a good dividend stock?
MixedKimbell Royalty Partners, LP (KRP) pays a quarterly dividend yielding 10.95% ($1.64/yr), with 0 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
- Strong 19.6% 5-yr dividend growth
Risks
- Cut its dividend in 2025
- Elevated payout ratio (341%)
- Very high yield can signal elevated risk
- Below-average dividend safety score
Key Data
- Dividend Yield
- 10.95%
- Payout Ratio
- 341%
- Annual Dividend
- $1.64
- 5-Yr Avg Growth
- 19.6%
- Ex-Dividend Date
- May 19, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 0.28
- Market Cap
- $1.6B
- P/E Ratio
- 32.6
- 5-Yr Total Return
- 32%
- 52-Week Range
- $11.31 – $15.80
- Dividend Safety
- D · 45/100
- Ever Cut?
- Yes (2025)
Frequently Asked Questions
KRP Price — Last 12 Months
Daily close
Price Return
1 Year
+7%
3 Years
-2%
5 Years
+32%
52-Week Range
$11.31 – $15.80
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is KRP worth?
Undervaluedlow confidenceOur blended fair-value estimate for Kimbell Royalty Partners, LP is $28.38 per share, versus a market price of $14.98. That implies 89% of upside — a margin of safety of about 47%.
Fair Value
$28.38
Current Price
$14.98
Upside
+89%
Margin of Safety
47%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model -3.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.0% discount rate (CAPM), -3.0% stage-1 growth, 2.5% terminal growth, $0.46 EPS, $1.64 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
KRP Dividend Safety Score
Risky
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| May 19, 2026 | — | $0.4100 | regular |
| Mar 18, 2026 | — | $0.3700 | regular |
| Nov 17, 2025 | — | $0.3500 | regular |
| Aug 18, 2025 | — | $0.3800 | regular |
| May 20, 2025 | — | $0.4700 | regular |
| Mar 18, 2025 | — | $0.4000 | regular |
| Nov 18, 2024 | — | $0.4100 | regular |
| Aug 12, 2024 | — | $0.4200 | regular |
| May 10, 2024 | — | $0.4900 | regular |
| Mar 12, 2024 | — | $0.4300 | regular |
| Nov 10, 2023 | — | $0.5100 | regular |
| Aug 11, 2023 | — | $0.3900 | regular |
| May 12, 2023 | — | $0.3500 | regular |
| Mar 8, 2023 | — | $0.4800 | regular |
Income Calculator
At $1.64 / yr per share
