KRP vs NOG

For growth investors, Kimbell Royalty Partners, LP (KRP) is the stronger pick with 7.

5% revenue growth year-over-year, versus -3. 2% for Northern Oil and Gas, Inc. (NOG). Kimbell Royalty Partners, LP (KRP) offers the better valuation at 31. 6x trailing P/E (15. 8x forward), making it the more compelling value choice. Analysts rate Kimbell Royalty Partners, LP (KRP) a "Buy" — based on 18 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

On trailing P/E, Kimbell Royalty Partners, LP (KRP) is the cheapest at 31.

6x versus Northern Oil and Gas, Inc. at 61. 4x. On forward P/E, Northern Oil and Gas, Inc. is actually cheaper at 6. 8x — notably different from the trailing picture, reflecting expected earnings growth.

Over the past 5 years, Northern Oil and Gas, Inc.

(NOG) delivered a total return of +81. 8%, compared to +81. 5% for Kimbell Royalty Partners, LP (KRP). Over 10 years, the gap is even starker: KRP returned +35. 4% versus NOG's -34. 4%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

By beta (market sensitivity over 5 years), Kimbell Royalty Partners, LP (KRP) is the lower-risk stock at 0.

21β versus Northern Oil and Gas, Inc. 's 0. 60β — meaning NOG is approximately 188% more volatile than KRP relative to the S&P 500. On balance sheet safety, Kimbell Royalty Partners, LP (KRP) carries a lower debt/equity ratio of 58% versus 113% for Northern Oil and Gas, Inc. — giving it more financial flexibility in a downturn.

By revenue growth (latest reported year), Kimbell Royalty Partners, LP (KRP) is pulling ahead at 7.

5% versus -3. 2% for Northern Oil and Gas, Inc. (NOG). On earnings-per-share growth, the picture is similar: Kimbell Royalty Partners, LP grew EPS 100. 6% year-over-year, compared to -92. 4% for Northern Oil and Gas, Inc.. Over a 3-year CAGR, KRP leads at 5. 4% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

Kimbell Royalty Partners, LP (KRP) is the more profitable company, earning 27.

2% net margin versus 1. 9% for Northern Oil and Gas, Inc. — meaning it keeps 27. 2% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: KRP leads at 39. 8% versus 29. 3% for NOG. At the gross margin level — before operating expenses — KRP leads at 93. 9%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

On forward earnings alone, Northern Oil and Gas, Inc.

(NOG) trades at 6. 8x forward P/E versus 15. 8x for Kimbell Royalty Partners, LP — 9. 0x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for NOG: 21. 1% to $29. 00.

All stocks in this comparison pay dividends.

Kimbell Royalty Partners, LP (KRP) offers the highest yield at 9. 8%, versus 7. 3% for Northern Oil and Gas, Inc. (NOG).

For long-horizon retirement investors, Kimbell Royalty Partners, LP (KRP) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.

21), 9. 8% yield). Both have compounded well over 10 years (KRP: +35. 4%, NOG: -34. 4%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

Both stocks operate in the Energy sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.