Kimbell Royalty Partners, LP 8-K

What Happened

• Kimbell Royalty Partners, LP (Kimbell) announced on an 8-K filed March 9, 2026 that the general partner’s board approved a common unit repurchase program on March 6, 2026.
• The Repurchase Program authorizes Kimbell to acquire up to $100 million of its outstanding common units and is authorized to run through December 31, 2027.
• Purchases will be made opportunistically using cash on hand, free cash flow from operations, or permitted borrowings under its revolving credit facility, and may be suspended, modified, extended, or discontinued by the board.

Key Details

• Authorized repurchase amount: up to $100,000,000.
• Board approval date: March 6, 2026; 8-K filed March 9, 2026.
• Program expiration/authorization period: through December 31, 2027.
• Purchase methods: open-market transactions in compliance with SEC Rule 10b-18 or privately negotiated transactions; subject to market, legal and contractual constraints.

Why It Matters

• A repurchase program can reduce the number of common units outstanding, which may increase per-unit metrics for remaining holders and provide price support.
• Kimbell intends to fund buys from cash, operational free cash flow, or permitted borrowings—meaning repurchases could affect liquidity or leverage depending on execution.
• The program is discretionary and non-binding: purchases are opportunistic and may be suspended or changed, so there is no guaranteed pace or amount of buybacks.