Kimbell Royalty Partners (KRP) Gross Margin (2016 - 2026)
Kimbell Royalty Partners (KRP) recorded quarterly Gross Margin of 92.12% in Q1 2026, up 1.84% quarter-over-quarter from 90.46% in Q4 2025, and down 150.0% on a YoY basis from 184.23% in Q1 2025.
Kimbell Royalty Partners (KRP) Gross Margin (2016 - 2026) Analysis & Trends
Kimbell Royalty Partners' Gross Margin history runs 11 years deep, the most recent figure standing at 92.12% for Q1 2026.
- In Q1 2026, Gross Margin fell 150.0% year-over-year to 92.12%; the TTM figure through Mar 2026 stood at 92.27% (down 235.0% YoY), while the FY2025 annual figure was 93.88%, up 47.0% from the prior year.
- Gross Margin was 92.12% for Q1 2026 at Kimbell Royalty Partners, up from 90.46% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 102.12% in Q4 2023 to a low of 89.61% in Q1 2022.
- Historically, Gross Margin has averaged 93.47% across 5 years, with a median of 93.4% in 2025.
- The sharpest annual moves came in 2023 and 2024: Gross Margin surged 1096 bps in 2023, then slumped 804 bps in 2024.
- A 5-year view of Gross Margin shows it stood at 91.16% in 2022, then rose by 12 bps to 102.12% in 2023, then fell by 8 bps to 94.08% in 2024, then dropped by 4 bps to 90.46% in 2025, then grew by 2 bps to 92.12% in 2026.
- The last three Gross Margin figures came in at 92.12% (Q1 2026), 90.46% (Q4 2025), and 93.04% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Woodside Energy | 630.08 Bn | 624.14 Bn | - | - |
| 2 | Canadian Natural Resources | 388.31 Bn | 388.31 Bn | 6.72 Bn | 85.25% |
| 3 | Conocophillips | 142.98 Bn | 136.61 Bn | 9.48 Bn | 60.14% |
| 4 | Eog Resources | 72.93 Bn | 69.08 Bn | - | - |
| 5 | Occidental Petroleum | 55.91 Bn | 52.73 Bn | 4.87 Bn | 93.19% |
| 6 | Diamondback Energy | 54.95 Bn | 61.11 Bn | 4.22 Bn | 99.43% |
| 7 | Vista Energy, S.A.B. de C.V | 35.18 Bn | 34.56 Bn | 472.36 Mn | 54.61% |
| 8 | Eqt | 32.94 Bn | 36.28 Bn | 2.98 Bn | 88.15% |
| 9 | Vermilion Energy | 31.24 Bn | 31.05 Bn | 370.10 Mn | 98.87% |
| 10 | Kimbell Royalty Partners | 1.43 Bn | 1.39 Bn | 60.38 Mn | 92.12% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 92.12% |
| Dec 31, 2025 | 90.46% |
| Sep 30, 2025 | 93.04% |
| Jun 30, 2025 | 93.40% |
| Mar 31, 2025 | 93.62% |
| Dec 31, 2024 | 94.08% |
| Sep 30, 2024 | 95.69% |
| Jun 30, 2024 | 95.00% |
| Mar 31, 2024 | 92.06% |
| Dec 31, 2023 | 102.12% |
| Sep 30, 2023 | 92.58% |
| Jun 30, 2023 | 91.10% |
| Mar 31, 2023 | 93.61% |
| Dec 31, 2022 | 91.16% |
| Sep 30, 2022 | 95.79% |
| Jun 30, 2022 | 93.63% |
| Mar 31, 2022 | 89.61% |
| Dec 31, 2021 | 96.63% |
| Sep 30, 2021 | 90.58% |
| Jun 30, 2021 | 90.08% |