Kimbell Royalty Partners, LP
KRPEnergy · Stock · quarterly payer
Forward Yield
10.71%
Annual Dividend
$1.60
Payout Ratio
178%
5-Yr Growth
19.6%
Ex-Date
Aug 17, 2026
Frequency
Quarterly
Summary
As of September 2026, Kimbell Royalty Partners, LP (KRP) yields 10.71% ($1.60 per share annually), with a blended fair-value estimate of $29.29 — +96% upside, so it screens as undervalued. Dividend safety grade: D (46/100).
Is KRP a good dividend stock?
MixedKimbell Royalty Partners, LP (KRP) pays a quarterly dividend yielding 10.71% ($1.60/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 (178%)
- Very high yield can signal elevated risk
- Below-average dividend safety score
Key Data
- Dividend Yield
- 10.71%
- Payout Ratio
- 178%
- Annual Dividend
- $1.60
- 5-Yr Avg Growth
- 19.6%
- Ex-Dividend Date
- Aug 17, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 0.29
- Market Cap
- $1.9B
- P/E Ratio
- 17.6
- 5-Yr Total Return
- 6%
- 52-Week Range
- $11.31 – $15.80
- Dividend Safety
- D · 46/100
- Ever Cut?
- Yes (2025)
Frequently Asked Questions
KRP Price — Last 12 Months
Daily close
Price Return
1 Year
+11%
3 Years
-7%
5 Years
+6%
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 $29.29 per share, versus a market price of $14.91. That implies 96% of upside — a margin of safety of about 49%.
Fair Value
$29.29
Current Price
$14.91
Upside
+96%
Margin of Safety
49%
How we get there
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model 20.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.0% discount rate (CAPM), 20.0% stage-1 growth, 2.5% terminal growth, $0.83 EPS, $1.60 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 |
|---|---|---|---|
| Aug 17, 2026 | — | $0.4700 | regular |
| 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 |
Income Calculator
At $1.60 / yr per share
