Mar 30, 2026, 5:40 AM ETKimbell Royalty Partners, LP Common Units (KRP) StockElephant AnalyticsInvesting Group LeaderCommentsSummaryKimbell Royalty Partners expects its 2026 production to be fairly similar to its 2025 production, with a 32% oil cut. Around 20% of its 2026 oil production is hedged.I estimate KRP's average 2026 quarterly distribution at $0.47 per unit, up 30% from 2H 2025, with further upside to $0.54 per unit in a further oil upside scenario.My base case valuation for Kimbell has increased from $16.50 per unit to $17.50 per unit, mainly due to higher 2026 WTI oil strip prices (at $84 currently).An upside scenario with $95 WTI oil in 2026 and $75 WTI oil after that increases Kimbell's estimated value to $19.00 per unit.Looking for more investing ideas like this one? Get them exclusively at Distressed Value Investing.