KRP Kimbell Royalty Partners

$KRP Kimbell Royalty Partners, a Fort Worth oil and gas mineral and royalty owner, will borrow on its revolver to redeem half its Series A preferred units, 81,250 at $1,233.38 each or about $100.2M, on Nov 16, 2026. That equals about 21% of its $478.7M revolver debt at June 30, 2026, and 7.5% of total assets of about $1.33B. It pays 23% over the $1,000 issue (12% IRR now; 13%/14% from 2028/29); conversion at $15.07 needs 20 of 30 days at $19.59 (130%), above $16.285 at 15:59 ET Oct 16, 2026. Next: payment Nov 16; 81,250 preferred units stay outstanding.