Kimbell Royalty Partners
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 7,290 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
150% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 10
87% more call options, than puts
Call options by funds: $6.02M | Put options by funds: $3.23M
82% more repeat investments, than reductions
Existing positions increased: 62 | Existing positions reduced: 34
50% more funds holding in top 10
Funds holding in top 10: 4 [Q3] → 6 (+2) [Q4]
6% more funds holding
Funds holding: 152 [Q3] → 161 (+9) [Q4]
3% less capital invested
Capital invested by funds: $443M [Q3] → $431M (-$11.8M) [Q4]
1.29% less ownership
Funds ownership: 34.14% [Q3] → 32.85% (-1.29%) [Q4]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$22
39%
upside
Avg. target
$23
42%
upside
High target
$23
45%
upside
2 analyst ratings
2 positive
100%
0 neutral
0%
0 negative
0%
Raymond James John Freeman 41% 1-year accuracy 9 / 22 met price target | 45%upside $23 | Strong Buy Maintained | 23 Jan 2025 |
Truist Securities Neal Dingmann 41% 1-year accuracy 62 / 152 met price target | 39%upside $22 | Buy Maintained | 13 Jan 2025 |
Financial journalist opinion
Based on 5 articles about KRP published over the past 30 days
Positive
Seeking Alpha
1 day ago
Kimbell Royalty Partners: A Premium Long-Term Investment With A Massive Dividend Yield
Kimbell Royalty presents an attractive medium- to long-term investment opportunity, offering a strong dividend yield backed by solid financials. The company's low debt levels and tax-efficient structure make it particularly appealing to investors seeking higher yields with relative stability. Its recent acquisition of Midland Basin interests is expected to enhance production and strengthen its financial position without disrupting cash flows.
Positive
Zacks Investment Research
5 days ago
Kimbell Royalty (KRP) Earnings Expected to Grow: Should You Buy?
Kimbell Royalty (KRP) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Positive
24/7 Wall Street
1 week ago
Hold On! OPEC+ May Not Start Output Hikes in April: 4 Ultra-High-Yield Energy Stocks to Buy Now
Over the long holiday weekend, it was reported that OPEC+, scheduled to start monthly oil production hikes, may be rethinking the plan.
Positive
Benzinga
3 weeks ago
Wall Street's Most Accurate Analysts Give Their Take On 3 Energy Stocks Delivering High-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.
Positive
Seeking Alpha
4 weeks ago
Kimbell Royalty Partners: Revenue Growth, 10% Dividend, No K1
Kimbell Royalty Partners is enjoying a slow but steady increase in revenues. It consistently shares its revenue via a high dividend, currentlly 10%. KRP partners with some off the great names in the Energy Sector.
Neutral
Zacks Investment Research
1 month 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.
Neutral
PRNewsWire
1 month 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.
Positive
Seeking Alpha
1 month 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.
Neutral
PRNewsWire
1 month 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.
Neutral
PRNewsWire
1 month 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.
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