Kimbell Royalty Partners
KRP

$15.19

0.26%

Market Cap: $1.23B

About: Kimbell Royalty Partners LP owns and acquires mineral and royalty interests in oil and natural gas properties throughout the United States. The company's basins and producing regions include areas of interest in the Permian Basin, Mid-Continent, Terryville/Cotton Valley/Haynesville, Appalachian Basin, Eagle Ford, Bakken/Williston Basin, and DJ Basin/Rockies/Niobrara. Its revenues are derived from royalty payments received from operators based on the sale of oil, natural gas, and NGL production, as well as the sale of NGLs that are extracted from natural gas during processing.

Employees: 29

Energy Crude Petroleum & Natural Gas

0

Funds holding %

of 6,686 funds

0

Analysts bullish %

of 3 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

1,168% more call options, than puts

Call options by funds: $20.1M | Put options by funds: $1.59M

35% more repeat investments, than reductions

Existing positions increased: 42 | Existing positions reduced: 31

35% more first-time investments, than exits

New positions opened: 27 | Existing positions closed: 20

33% more funds holding in top 10

Funds holding in top 10: 3 [Q1] → 4 (+1) [Q2]

18% more capital invested

Capital invested by funds: $407M [Q1] → $482M (+$74.4M) [Q2]

5% more funds holding

Funds holding: 139 [Q1] → 146 (+7) [Q2]

3.54% more ownership

Funds ownership: 35.66% [Q1] → 39.21% (+3.54%) [Q2]

See Fund Rankings

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$16

5%

upside

Avg. target

$20

34%

upside

High target

$23

51%

upside

3 analyst ratings

2 positive

67%

0 neutral

0%

1 negative

33%

Truist Securities Neal Dingmann 31% 1-year accuracy 40 / 131 met price target	51%upside $23	Buy Maintained	2 Aug 2024
Truist Securities Neal Dingmann 31% 1-year accuracy 40 / 131 met price target	45%upside $22	Buy Maintained	22 Jul 2024
B of A Securities Noah Hungness 45% 1-year accuracy 5 / 11 met price target	5%upside $16	Underperform Reinstated	14 Jun 2024

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Financial journalist opinion

Kimbell Royalty Partners: The Case Of Sound 10%+ Yield Remains Intact

On a YTD basis, Kimbell Royalty Partners has delivered total returns of ~15% from which the price appreciation component explains only 5%. However, during this time, including based on the recently circulated Q2 earnings, the business has grown faster and the leverage has continued to tick lower. The projected EBITDA generation indicates a positive trajectory, rendering the case very attractive.

Kimbell Royalty Partners: The Case Of Sound 10%+ Yield Remains Intact

Zacks Investment Research

Kimbell Royalty (KRP) Upgraded to Strong Buy: Here's What You Should Know

Kimbell Royalty (KRP) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Kimbell Royalty (KRP) Upgraded to Strong Buy: Here's What You Should Know

Zacks Investment Research

Are Oils-Energy Stocks Lagging Kimbell Royalty (KRP) This Year?

Here is how Kimbell Royalty (KRP) and Pembina Pipeline (PBA) have performed compared to their sector so far this year.

Are Oils-Energy Stocks Lagging Kimbell Royalty (KRP) This Year?

Kimbell Royalty Partners, LP (KRP) Q2 2024 Earnings Call Transcript

Kimbell Royalty Partners, LP (NYSE:KRP ) Q2 2024 Results Conference Call August 1, 2024 11:00 AM ET Company Participants Rick Black - IR Bob Ravnaas - Chairman & CEO Davis Ravnaas - President & CFO Matt Daly - COO Blayne Rhynsburger - Controller Conference Call Participants Tim Rezvan - KeyBanc Capital Markets Julian Broche - Truist Securities Operator Greetings, and welcome to Kimbell Royalty Partners Second Quarter Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.

Kimbell Royalty Partners, LP (KRP) Q2 2024 Earnings Call Transcript

Zacks Investment Research

Kimbell Royalty (KRP) Lags Q2 Earnings and Revenue Estimates

Kimbell Royalty (KRP) came out with quarterly earnings of $0.11 per share, missing the Zacks Consensus Estimate of $0.24 per share. This compares to earnings of $0.23 per share a year ago.

Kimbell Royalty (KRP) Lags Q2 Earnings and Revenue Estimates

Kimbell Royalty Partners Announces Second Quarter 2024 Results

Q2 2024 Run-Rate Daily Production of 24,110 Boe/d (6:1) Exceeds Mid-Point of Guidance Activity on Acreage Remains Robust with 91 Active Rigs Drilling Representing 16% 1 Market Share of U.S. Land Rig Count Record Low Cash G&A per BOE Below Low-End of Guidance Announces Q2 2024 Cash Distribution of $0.42 per Common Unit FORT WORTH, Texas, Aug. 1, 2024 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell" or the "Company"), a leading owner of oil and natural gas mineral and royalty interests in over 129,000 gross wells across 28 states, today announced financial and operating results for the quarter ended June 30, 2024. Second Quarter 2024 Highlights Q2 2024 run-rate daily production of 24,110 barrels of oil equivalent ("Boe") per day (6:1) Q2 2024 oil, natural gas and NGL revenues of $77.0 million Q2 2024 net income of approximately $15.2 million and net income attributable to common units of approximately $8.4 million Q2 2024 consolidated Adjusted EBITDA of $65.8 million Record low cash G&A per BOE of $2.34 in Q2 2024, below low-end of guidance reflecting operational discipline and positive operating leverage As of June 30, 2024, Kimbell's major properties2 had 7.96 net drilled but uncompleted wells ("DUCs") and net permitted locations on its acreage (3.82 net DUCs and 4.14 net permitted locations) compared to an estimated 5.8 net wells needed to maintain flat production As of June 30, 2024, Kimbell had 91 rigs actively drilling on its acreage, representing 16.3% market share of all land rigs drilling in the continental United States as of such time Announced a Q2 2024 cash distribution of $0.42 per common unit, reflecting a payout ratio of 75% of cash available for distribution; implies a 10.2% annualized yield based on the July 31, 2024 closing price of $16.48 per common unit; Kimbell intends to utilize the remaining 25% of its cash available for distribution to repay a portion of the outstanding borrowings under Kimbell's revolving credit facility Conservative Balance Sheet with Net Debt to Trailing Twelve Month Consolidated Adjusted EBITDA of 0.9x Kimbell affirms its financial and operational guidance ranges for 2024 previously disclosed in its Q4 2023 earnings release 1 Based on Kimbell rig count of 91 and Baker Hughes U.S. land rig count of 560 as of June 30, 2024.

Kimbell Royalty Partners Announces Second Quarter 2024 Results

Zacks Investment Research

Kimbell Royalty (KRP) Reports Next Week: Wall Street Expects Earnings Growth

Kimbell Royalty (KRP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Kimbell Royalty (KRP) Reports Next Week: Wall Street Expects Earnings Growth

My 2 Top Royalty Income Picks, Yields Up To 9.5%

Royalty interests present a lucrative opportunity for passive income from the popularity and demand for certain goods.

My 2 Top Royalty Income Picks, Yields Up To 9.5%

Zacks Investment Research

Wall Street Analysts Think Kimbell Royalty (KRP) Could Surge 26.69%: Read This Before Placing a Bet

The consensus price target hints at a 26.7% upside potential for Kimbell Royalty (KRP). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Wall Street Analysts Think Kimbell Royalty (KRP) Could Surge 26.69%: Read This Before Placing a Bet

Zacks Investment Research

Surging Earnings Estimates Signal Upside for Kimbell Royalty (KRP) Stock

Kimbell Royalty (KRP) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Surging Earnings Estimates Signal Upside for Kimbell Royalty (KRP) Stock

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