Kimbell Royalty Partners, LP, together with its subsidiaries, owns and acquires mineral and royalty interests in oil and natural gas properties in the United States. The company was founded in 1998 and is based in Fort Worth, Texas.
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Competitive advantage assessment
Key strengths
Margins Consistently Above PeersGross margin at 54.9% (top 22%) and operating margin at 41.3% (top 15%) indicate strong pricing power.
Scale Supporting ProfitabilityProfitability at scale is strong (score 0.82), demonstrating competitive advantages.
The dashed ring is the peer median. Defense scores are percentile ranks
against peers, so 50 is roughly the typical company in this group.
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Kimbell Royalty Partners ranks #13 of 93
scored companies in Oil & Gas E&P by moat score — the top 14%.
The widest moat in the group is Texas Pacific Land Corporation (TPL)
at 84/100.
Moat scores for companies ranked near KRP in Oil & Gas E&P
Pricing power is the ability to raise prices without losing volume.
Cost Advantage
Score 58
· 15% of the moat score
A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.
Customer Stickiness
Score 78
· 15% of the moat score
Stickiness is what makes revenue repeat without being re-won every year.
Capital Efficiency
Score 65
· 18% of the moat score
Capital efficiency asks what the company earns on the money tied up in the business.
Resilience
Score 65
· 17% of the moat score
Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.
Scale & Market Position
Score 79
· 15% of the moat score
Scale matters only when it converts into economics.
Kimbell Royalty Partners (KRP) scores 70 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #13 of 93 scored companies in Oil & Gas E&P, the top 14%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 92 companies in Oil & Gas E&P. Its strongest defense is Scale & Market Position (79/100) and its weakest is Cost Advantage (58/100).
How does Kimbell Royalty Partners compare with other Oil & Gas E&P companies?
Kimbell Royalty Partners ranks #13 of 93 scored companies in Oil & Gas E&P by moat score. The widest moat in Oil & Gas E&P is Texas Pacific Land Corporation (TPL) at 84/100. The companies ranked closest are CKX Lands, Inc. (CKX) at 70 just above it and SandRidge Energy, Inc. (SD) at 68 just below it.
How is the moat score calculated?
Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 92 companies in Oil & Gas E&P. The defenses are then weighted to produce the overall score out of 100.
Why is Kimbell Royalty Partners scored with the Corporate Default template?
Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.
Which competitive defenses are measured for Kimbell Royalty Partners?
The Corporate Default template measures 6 defenses, and KRP scores: Pricing Power (71), Cost Advantage (58), Customer Stickiness (78), Capital Efficiency (65), Resilience (65), Scale & Market Position (79). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
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