Kimbell Royalty Partners Enters Material Agreement

TL;DR

Kimbell Royalty Partners just signed a big deal, expect new financial obligations.

AI Summary

On December 16, 2025, Kimbell Royalty Partners, LP entered into a material definitive agreement, likely related to financial obligations. The filing indicates the creation of a direct financial obligation or an off-balance sheet arrangement for the registrant. Specific details of the agreement, including parties involved and financial terms, are expected to be disclosed.

Why It Matters

This filing signals a significant new financial commitment or arrangement for Kimbell Royalty Partners, which could impact its financial structure and future obligations.

Risk Assessment

Risk Level: medium — The creation of a material definitive agreement and potential financial obligations introduces uncertainty regarding the company's financial health and future performance.

Key Players & Entities

• Kimbell Royalty Partners, LP (company) — Registrant
• December 16, 2025 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $1,500,000,000 — egate maximum principal amount of up to $1,500,000,000 (the " Facility ") with an initial borr
• $625.0 million — ty ") with an initial borrowing base of $625.0 million and an initial aggregate elected commit
• $625.0 m — ate elected commitments amount of up to $625.0 million, including a sub-facility for the
• $10,000,000 — issuance of letters of credit of up to $10,000,000, and (b) an extension of the maturity d
• $50.0 million — the Second A&R Credit Agreement) above $50.0 million and 10% of the Loan Limit is required t

Filing Documents

• tm2533519d1_8k.htm (8-K) — 36KB
• tm2533519d1_ex10-1.htm (EX-10.1) — 1071KB
• 0001104659-25-121625.txt ( ) — 1499KB
• krp-20251216.xsd (EX-101.SCH) — 3KB
• krp-20251216_lab.xml (EX-101.LAB) — 33KB
• krp-20251216_pre.xml (EX-101.PRE) — 22KB
• tm2533519d1_8k_htm.xml (XML) — 4KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. On December 16, 2025, Kimbell Royalty Partners, LP, a Delaware limited partnership (the " Partnership "), entered into a Second Amended and Restated Credit Agreement (the " Second A&R Credit Agreement "), which amended and restated the Partnership's existing Amended and Restated Credit Agreement, dated as of June 13, 2023 (as amended by Amendment No. 1 to Amended and Restated Credit Agreement, dated as of July 24, 2023, by Amendment No. 2 to Amended and Restated Credit Agreement, dated as of December 8, 2023, and by Amendment No. 3 to Amended and Restated Credit Agreement, dated as of May 1, 2025), by and among the Partnership, as borrower, certain subsidiaries of the Partnership, as guarantors, the several lenders party thereto (the " Lenders ") and Citibank, N.A., as administrative agent. The Second A&R Credit Agreement provides for, among other things, (a) a senior secured reserve-based revolving credit facility in an aggregate maximum principal amount of up to $1,500,000,000 (the " Facility ") with an initial borrowing base of $625.0 million and an initial aggregate elected commitments amount of up to $625.0 million, including a sub-facility for the issuance of letters of credit of up to $10,000,000, and (b) an extension of the maturity date of the Second A&R Credit Agreement to December 16, 2030 (provided, that if (i) any Permitted Preferred Units (as defined in the Second A&R Credit Agreement) that were outstanding on December 16, 2025 remain outstanding on May 3, 2030, and (ii) Liquidity (as defined in the Second A&R Credit Agreement) would be less than 10% of the Loan Limit (as defined in the Second A&R Credit Agreement), or the Debt to EBITDAX Ratio (as defined in the Second A&R Credit Agreement) would be greater than 3.00x, or any Borrowing Base Deficiency (as defined in the Second A&R Credit Agreement) would exist (in each case immediately after giving pro forma effect to the exercise of any put ri

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Number Description 10.1 Second Amended and Restated Credit Agreement, dated as of December 16, 2025, by and among Kimbell Royalty Partners, LP, each of the guarantors party thereto, the several lenders from time to time parties thereto and Citibank, N.A., as administrative agent. 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. KIMBELL ROYALTY PARTNERS, LP By: Kimbell Royalty GP, LLC, its general partner By: /s/ Matthew S. Daly Matthew S. Daly Chief Operating Officer Date: December 16, 2025

View Full Filing

View this 8-K filing on SEC EDGAR