Kimbell Royalty to Report Q3 Earnings: What's in the Cards?

Kimbell Royalty Partners LPKRP is set to report third-quarter 2026 results on Nov. 5, before the opening bell.

In the last reported quarter, its earnings of 40 cents per unit beat the Zacks Consensus Estimate of 25 cents. The oil and gas mineral and royalty company's earnings topped the Zacks Consensus Estimate in three of the trailing four quarters and missed once, delivering an average surprise of 18.39%. This is depicted in the graph below:

Kimbell Royalty Price and EPS Surprise

Kimbell Royalty price-eps-surprise | Kimbell Royalty Quote

Estimate Trend for KRP

The Zacks Consensus Estimate for third-quarter earnings per share of 24 cents has seen no revision over the past seven days. The estimate reflects a 26.3% increase from the prior-year reported number.

The Zacks Consensus Estimate for revenues of $101.9 million implies a 26.4% increase from the year-ago recorded figure.

Factors to Consider Ahead of KRP Q3 Earnings

To have an idea of how oil prices behaved in the September quarter, let's analyze the commodity prices from the data provided by the U.S. Energy Information Administration ("EIA"). The average Cushing, OK, WTI spot prices for July, August and September of this year were $80.46, $83.90 and $97.31 per barrel, respectively, per EIA data. Commodity prices were $68.39, $64.86 and $63.96 per barrel, respectively, in the prior-year months, according to the EIA.

A constructive oil-price backdrop, driven by the Middle East conflicts, is likely to have aided the bottom line of KRP, as it is a well-known oil and gas mineral and royalty company.

Earnings Whispers

Our proven model doesn't indicate an earnings beat for KRP this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the chances of an earnings beat. That isn't the case here, as you will see below.

Earnings ESP: Kimbell Royalty currently has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.

Zacks Rank: KRP currently sports a Zacks Rank #1.

Stocks to Consider

Here are some stocks that you may want to consider, as these have the right combination of elements to post an earnings beat this reporting cycle.

ConocoPhillipsCOP has an Earnings ESP of +4.50% and currently sports a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here.

COP is scheduled to release third-quarter 2026 earnings on Nov. 5. The Zacks Consensus Estimate for its earnings is pegged at $2.97 per share, indicating an improvement from the prior-year reported figure.