Kimbell Royalty Partners: calls for redemption of 81,250 preferred units

What happened On Oct 16, 2026, Kimbell Royalty Partners, LP filed an 8-K stating it delivered a notice of redemption to the holders of its Series A Cumulative Convertible Preferred Units (the “Preferred Units”). The notice calls for redemption on Nov 16, 2026 of 81,250 Preferred Units, representing half of the outstanding Preferred Units as of the date of the notice. The filing says the Preferred Units called for redemption will be redeemed on the Redemption Date at a price of $1,233.37895 per Preferred Unit for an aggregate redemption price of approximately $100,200,000 and that the redemption is expected to be funded with borrowings under the Partnership’s revolving credit facility. The filing also includes forward-looking statements about the proposed redemption and related risks.

Key details

• Redemption date: Nov 16, 2026.
• Preferred Units called: 81,250, representing one-half of outstanding Preferred Units as of Oct 16, 2026.
• Redemption price: $1,233.37895 per Preferred Unit; aggregate redemption price of approximately $100,200,000.
• Expected funding source: borrowings under the Partnership’s revolving credit facility.

Why it may matter The filing reports Item 8.01 (Other events), which covers events the company considers material that do not fall under other specific 8-K items. The 8-K states facts about the notice of redemption, the amounts called, the redemption price and the expected funding source. A filing does not show why the insider traded or why the company acted.