In 1998, a handshake agreement between a small group of Fort Worth-based investors established what became Kimbell Royalty Partners, LP.
Founded on ethics and investment discipline, we’ve grown from a single investment in the Permian Basin to one of the largest owners of minerals and royalties nationwide. Our portfolio includes over 16 million gross acres in 28 states and in every major onshore basin in the continental United States, including ownership in more than 124,000 gross wells with over 48,000 wells in the Permian Basin. We became a publicly-traded company in February 2017, trading on the NYSE under the ticker symbol KRP.
We converted to a C-Corp for federal income tax purposes in September 2018. Thus, investors in our common units will receive a 1099-DIV rather than a K-1.