The takeaway
Kimbell Royalty Partners LP shows a pronounced seasonal pattern over 9 years of data — strongest in May (+8.2%) and softest in December (−4.0%).
Right now
In July, the stock has risen 56% of years, averaging +2.3% — essentially in line with the S&P 500.
The full picture
Kimbell Royalty Partners LP's most dependable month has been May, higher in 7 of 9 years; December has been its least reliable, up just 33% of the time.
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Month by month
The stock's clearest edge over the S&P 500 lands in May (+7.5 pts); it has trailed the market most in March (−6.5 pts).
“vs S&P” is Kimbell Royalty Partners LP’s average for a month minus the S&P 500’s average for that same month — isolating Kimbell Royalty Partners LP’s own seasonal edge from broad market drift.
Reality check
Over the last 5 years, May has closed higher 80% of the time versus 78% across the last 9 years — the pattern is holding.
Figures are the typical (median) May return and how often it rose — the last 5 years versus the last 9(the heatmap’s default window). This verdict stays anchored to that 9-year window even if you zoom the chart, so it never disagrees with the badges above.
In plain English
Strip the year back and a single month does the heavy lifting: May, up in 7 of 9 Mays while the other eleven tend to blur together.
Its average (+8.2%) and median (+10.6%) land within a hair of each other — the tell of steady, year-after-year gains rather than one outlier doing the work. That reliability comes with real swings, mind — even May ranges by 9.4% from year to year, so any single year can land far from the average. Crucially, the gain is the stock's own rather than a rising tide's: May has cleared the S&P 500 by +7.5 points above the index. That consistency sets it apart from the field, where the average stock manages May only about 55% of the time.
Only October comes anywhere near it for reliability. On the other side of the ledger, December has been the soft spot — the weakest of 4 months that average a loss (−4.0%), and the edge isn't year-round — the stock has trailed the S&P 500 in March, December, and November. Its roughest month on record was a −48.1% March in 2020 — a reminder of how hard even a seasonal name can fall.
Reassuringly, the tendency has held its shape: the recent five years still track the years behind them.
The takeaway is less about when to buy than what to expect: May aside, the stock's months offer little reliable tilt. With a short 9-year record, the signal is best held loosely.
Short answers on the stock's best month (May), its worst (December), and whether it really trades seasonally.
Yes, to a pronounced degree. Since 2017 its best month (May, +8.2%) has run well ahead of its worst (December, −4.0%) — the heatmap above shows how steady that gap has been year to year.
May has been the strongest, averaging +8.2% and closing higher in 7 of 9 years since 2017.
It's the weakest, averaging −4.0% — historically a soft spot, though it still varies from year to year.
Explore
These names have the strongest July track records on record — a starting point for comparison.
Before you trade