MLP Stocks List: 5 Largest MLPs

In this article, we will list the MLP Stocks List: 5 Largest MLPs. Please visit MLP Stocks List: 20 Largest MLPs if you’d like to see the extended list and the methodology behind it.

5. Kimbell Royalty Partners, LP (NYSE:KRP)

Number of Hedge Fund Holders: 18

Kimbell Royalty Partners, LP (NYSE:KRP) is included in our list of the 20 largest MLPs.

On April 2, 2026, KeyBanc upgraded its rating on Kimbell Royalty Partners, LP (NYSE:KRP) from Sector Weight to Overweight. The firm’s analyst Tim Rezvan kept a $17 price target on the stock. The firm raised its 12-month yield projection to 13.5%, up from 10.5%, driven by a strong oil price outlook. According to the firm’s analyst, the rising oil prices will mitigate concerns regarding production declines in the lower 48 states. In addition, the firm believes that a stronger pricing environment could encourage sellers to pursue bolt-on acquisitions.

Prior to this update, on March 31, 2026, Citi adjusted its price target on Kimbell Royalty Partners, LP (NYSE:KRP), pushing it up from $17 to $19 while maintaining a Buy rating on the stock. Incorporating higher oil and gas price forecasts, the firm adjusted its small-cap exploration and production models. Alongside an intense capital discipline, the firm sees a notable focus on shareholder returns from the oil-weighted companies.

Founded in 1998, Kimbell Royalty Partners, LP (NYSE:KRP) is a premier owner of pure mineral and royalty interests across the leading basins in the U.S. Based in Texas, the company manages over 17 million gross acres across all major onshore basins, including the Permian, Eagle Ford, and Haynesville.