Kimbell Royalty Partners, LP Enters into Purchase and Sale Agreement

Kimbell Royalty Partners, LP (KRP), along with its subsidiaries, has entered into a Purchase and Sale Agreement with Rivercrest Capital Partners LP, Rivercrest Capital Partners II LP, and Cupola Royalty Direct, LLC (collectively, the Sellers) to acquire certain oil and gas properties and partnership interests. The transaction, valued at approximately $75 million in cash and the issuance of 9,500,000 common units of Opco and an equal number of Class B units of KRP, is expected to close around August 21, 2026. The acquired assets are primarily located in the Eagle Ford, Permian, Mid-Con, and Appalachia basins, with an estimated production of 2,347 Boe/d for Q3 2026. The agreement includes standard representations, warranties, and indemnification clauses. KRP has also agreed to customary registration rights for the issued units. The terms were approved by KRP's board and its Conflicts Committee. This acquisition is part of KRP's strategy to expand its portfolio in key producing basins.