12 High Growth Oil Stocks to Buy

7. Kimbell Royalty Partners LP (NYSE:KRP)

Revenue growth past 5 years: 33.15%

Kimbell Royalty Partners LP (NYSE:KRP) is an oil and gas mineral and royalty company with ownership interests in over 17 million gross acres across 28 states in the continental United States. Its portfolio spans key U.S. basins, including the Permian, Mid-Continent, Appalachian, Eagle Ford, Bakken, and Haynesville formations. KRP is one of the best high growth stocks to buy.

In January 2025, Kimbell Royalty Partners LP (NYSE:KRP) announced a significant expansion by acquiring mineral and royalty interests in the Midland Basin for $231 million. This acquisition encompasses approximately 68,000 gross acres under the historic Mabee Ranch. It includes 875 active wells operated by major companies such as Diamondback Energy, ConocoPhillips, and ExxonMobil. The deal is projected to boost Kimbell Royalty Partners LP (NYSE:KRP)’s daily production by 8%, adding an estimated 1,842 barrels of oil equivalent per day in 2025.

Kimbell Royalty Partners LP (NYSE:KRP) announced Q3 2024 results on November 07, 2024. The company generated $83.8 million in total revenue, with net income of $25.8 million and earnings per unit of $0.22. Adjusted EBITDA came in at $63.1 million, supporting its quarterly distribution of $0.41 per unit, implying a 10% annualized yield. Operationally, the company saw a 34% increase in drilled but uncompleted wells (DUCs), primarily in the Permian Basin, while rig activity remained strong at 90 active rigs, representing 16% market share of U.S. land drilling.