KRP icon

Kimbell Royalty Partners

15.94 USD
-0.01
0.06%
At close Jan 21, 4:00 PM EST
Pre-market
15.80
-0.14
0.88%
1 day
-0.06%
5 days
-0.25%
1 month
2.71%
3 months
-1.30%
6 months
-5.62%
Year to date
-2.86%
1 year
7.70%
5 years
3.51%
10 years
-22.77%
 

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

0
Funds holding %
of 6,823 funds
Analysts bullish %

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

544% more call options, than puts

Call options by funds: $13.8M | Put options by funds: $2.14M

37% more first-time investments, than exits

New positions opened: 26 | Existing positions closed: 19

21% more repeat investments, than reductions

Existing positions increased: 46 | Existing positions reduced: 38

3% more funds holding

Funds holding: 147 [Q2] → 152 (+5) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 4 [Q2] → 4 (+0) [Q3]

6.86% less ownership

Funds ownership: 41.0% [Q2] → 34.14% (-6.86%) [Q3]

12% less capital invested

Capital invested by funds: $504M [Q2] → $443M (-$60.4M) [Q3]

Research analyst outlook

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

Low target
$22
38%
upside
Avg. target
$22
38%
upside
High target
$22
38%
upside

1 analyst rating

positive
100%
neutral
0%
negative
0%
Truist Securities
Neal Dingmann
61% 1-year accuracy
97 / 159 met price target
38%upside
$22
Buy
Maintained
13 Jan 2025

Financial journalist opinion

Based on 8 articles about KRP published over the past 30 days

Neutral
Zacks Investment Research
1 day ago
KRP Closes Acquisition of Royalty Interests in the Midland Basin
Kimbell Royalty Partners estimates production from the acquired assets in the Midland Basin to be approximately 1,842 Boe/d for full-year 2025.
KRP Closes Acquisition of Royalty Interests in the Midland Basin
Neutral
PRNewsWire
4 days ago
Kimbell Royalty Partners Closes $230 Million Acquisition of Midland Basin Mineral and Royalty Interests in Cash Transaction
FORT WORTH, Texas , Jan. 17, 2025 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell" or the "Company"), a leading owner of oil and gas mineral and royalty interests in over 17 million gross acres in 28 states, today announced that it has closed the previously announced purchase of mineral and royalty interests (the "Acquired Assets") held by a private seller in a cash transaction valued at approximately $230 million, subject to post-closing adjustments (the "Acquisition").  The purchase price of the Acquisition was funded through a combination of an underwritten public offering of common units and borrowings under its revolving credit facility.
Kimbell Royalty Partners Closes $230 Million Acquisition of Midland Basin Mineral and Royalty Interests in Cash Transaction
Positive
Seeking Alpha
1 week ago
Kimbell Royalty Partners: Midland Basin Acquisition May Boost Oil Production By 15%
Kimbell is acquiring Midland Basin royalty interests for $231 million. The seller is getting paid mostly with cash, but KRP is also issuing shares via a public offering to limit the increase in its debt. I currently expect the Company to add approximately 12.9 million common units and $44 million in net debt due to the acquisition.
Kimbell Royalty Partners: Midland Basin Acquisition May Boost Oil Production By 15%
Neutral
PRNewsWire
2 weeks ago
Kimbell Royalty Partners, LP Announces Pricing of Upsized Public Offering of Common Units
FORT WORTH, Texas , Jan. 7, 2025 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell") today announced the pricing of its upsized public offering of 10,000,000 common units representing limited partner interests, at a public offering price of $14.90 per common unit. The total gross proceeds of the offering, before underwriters' discounts and estimated offering expenses, will be approximately $149.0 million.
Kimbell Royalty Partners, LP Announces Pricing of Upsized Public Offering of Common Units
Neutral
PRNewsWire
2 weeks ago
Kimbell Royalty Partners, LP Announces Public Offering of Common Units
FORT WORTH, Texas , Jan. 7, 2025 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell") today announced that it has commenced an underwritten public offering of 9,000,000 common units representing limited partner interests, subject to market and other conditions. In connection with the offering, Kimbell intends to grant the underwriters an option to purchase up to 1,350,000 additional common units at the public offering price less the underwriting discount and commissions.
Kimbell Royalty Partners, LP Announces Public Offering of Common Units
Neutral
PRNewsWire
2 weeks ago
Kimbell Royalty Partners, LP Announces $231 Million Midland Basin Acquisition in Cash and Unit Transaction(1)
Oil and natural gas royalty interests located under the prolific Mabee Ranch in the Core of the Midland Basin on over 68,000 gross acres HIGHLIGHTS Expected to be immediately accretive to distributable cash flow per unit, with estimated acceleration of accretion over the next 5 years Targeted oil and natural gas mineral and royalty interests located under the prolific Mabee Ranch in the core of the Midland Basin, with approximately 875 gross producing wells on over 68,000 gross acres World-class E&P operators, including ConocoPhillips, Diamondback Energy and ExxonMobil Anticipated 2025 average production of approximately 1,842 Boe per day (60% oil, 17% natural gas, 23% NGL), generating an estimated $30.9 million of cash flow at strip pricing as of January 3, 2025 (reflects transaction multiple of approximately 7.5x)2 Expected to increase daily production by approximately 8% and expected to decrease cash G&A per Boe by approximately 7%3 Expected to add 1.22 net DUCs and net permitted locations ("net wells"), an approximate 16% increase in Kimbell's current major net well line of site inventory Following the transaction, Kimbell expects net wells needed to maintain flat production to modestly increase from 5.8 net wells to 6.5 net wells In addition to net wells, the Seller portfolio is expected to add an estimated 6.06 net upside locations, increasing Kimbell's major net undrilled Permian inventory by approximately 19% Builds upon existing Permian Basin position, which remains Kimbell's leading basin in terms of production, active rig count, DUCs, permits and undrilled inventory Maintains conservative balance sheet metrics with expected pro forma net leverage of approximately 1.0x following transaction close4 FORT WORTH, Texas , Jan. 7, 2025 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell" or the "Company"), a leading owner of oil and gas mineral and royalty interests in approximately 17 million gross acres in 28 states, today announced that it has agreed to acquire mineral and royalty interests (the "acquired assets") held by a private seller ("Seller") in a cash and unit transaction valued at approximately $231 million, subject to purchase price adjustments and other customary closing adjustments (the "Acquisition").  Under the purchase agreement, Kimbell has the option to pay the consideration entirely in cash or through a combination of $207 million in cash (approximately 90% of the total consideration) and approximately 1.4 million common units of Kimbell Royalty Partners, LP, which are valued at $24 million (approximately 10% of the total consideration).
Kimbell Royalty Partners, LP Announces $231 Million Midland Basin Acquisition in Cash and Unit Transaction(1)
Positive
Seeking Alpha
2 weeks ago
Beat Inflation Like A Pro: Unstoppable Dividend Picks You Can't Miss
The dollar surged 8% in 2024, fueled by the Fed's policy shifts and potential tariffs under President Trump. As inflation persists, the Fed's uncertain path adds volatility. Professional investors, including hedge fund managers, emphasize inflation protection. Infrastructure assets, particularly in renewable power and data centers, offer strong growth and income potential. Amid rising bond yields, I favor high-yielding stocks, especially in infrastructure and real estate, as these sectors benefit from inflation and offer stability and growth.
Beat Inflation Like A Pro: Unstoppable Dividend Picks You Can't Miss
Positive
Benzinga
3 weeks ago
Wall Street's Most Accurate Analysts Weigh In On 3 Energy Stocks With Over 4% Dividend Yields
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
Wall Street's Most Accurate Analysts Weigh In On 3 Energy Stocks With Over 4% Dividend Yields
Neutral
PRNewsWire
1 month ago
Kimbell Royalty Partners Announces Date for Fourth Quarter 2024 Earnings Release and Conference Call
FORT WORTH, Texas, Dec. 19, 2024 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell"), a leading owner of oil and natural gas mineral and royalty interests in more than 129,000 gross wells across 28 states, today announced that it will release its fourth quarter 2024 financial results on Thursday, February 27, 2025, before the market opens. Kimbell will also declare its fourth quarter 2024 distribution concurrent with this release.
Kimbell Royalty Partners Announces Date for Fourth Quarter 2024 Earnings Release and Conference Call
Positive
Seeking Alpha
1 month ago
My 2 Top Dividends To Buy Before Christmas
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