Kimbell Royalty Partners

Kimbell Royalty Partners LP engages in owning and acquiring mineral and royalty interests in oil and natural gas properties. The company was founded by Robert Ravnaas, R. Davis Ravnaas, Brett G. Taylor on October 30, 2015 and is headquartered in Fort Worth, TX.

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Kimbell Royalty Partners reports record 2022 performance and eyes consolidation

Kimbell Royalty Partners delivered a strong performance in 2022, achieving record financial milestones and operational success. While facing challenges such as fluctuating rig counts and DUC levels, the company remains focused on debt reduction and maximizing tax-advantaged distributions. With a solid balance sheet and a positive outlook on oil, Kimbell is well-positioned for future growth and consolidation in the industry.

Kimbell Royalty Partners reports record revenue growth and strategic acquisitions

Kimbell Royalty Partners (KRP) delivered strong financial results in Q1 2023, with revenue and EBITDA growth driven by a successful acquisition.
Despite industry challenges, the company remains confident in its ability to sustain performance and create long-term value for shareholders.
Management's focus on operational efficiency, growth strategy, and commitment to sustainable practices positions Kimbell Royalty Partners (KRP) for continued success.

Kimbell Royalty Partners reports record Q2 performance and eyes growth opportunities

Kimbell Royalty Partners delivered a strong performance in Q2 2023, showcasing growth in production and distribution while maintaining financial prudence. Despite challenges like the dissolution of Tiger Acquisition Corp., the company is eyeing opportunities in strategic partnerships and tax optimization to drive future growth.

Kimbell Royalty Partners (KRP) reports record Q3 performance and growth outlook

Kimbell Royalty Partners (KRP) delivered a stellar performance in Q3 2023, marked by record production levels, strong financial results, and a focus on enhancing shareholder value. While facing challenges in a competitive M&A landscape and regulatory conversions, the company remains well-positioned to capitalize on growth opportunities and drive future success.

Kimbell Royalty Partners reports record growth and confident outlook

Kimbell Royalty Partners (KRP) delivered a stellar performance in 2023, marked by record production growth and robust financial results.
Despite facing challenges such as industry dynamics and market uncertainties, Kimbell's conservative balance sheet and strategic focus on growth present opportunities for sustained success.
Investors can be optimistic about Kimbell's future prospects given its strong performance, commitment to shareholder value, and confidence in growth initiatives.

Kimbell Royalty Partners (KRP) achieves record Q1 performance and eyes M&A growth opportunities

Kimbell Royalty Partners (KRP) reported strong Q1 2024 performance with new records in production, revenue, and EBITDA. The company faces challenges in M&A activity and market conditions but maintains confidence in its production forecast. Opportunities lie in M&A growth in the Permian basin and operational strength in key assets.

Kimbell Royalty Partners reports strong Q2 results and eyes strategic growth

Kimbell Royalty Partners showcased strong financial performance in Q2 2024 with robust revenues and prudent cost management.
The company's commitment to debt reduction, stable production guidance, and strategic acquisitions positions it well for future growth.
Challenges include industry volatility and the need for careful financial planning amidst market uncertainties.
Opportunities lie in potential acquisitions, operational efficiency improvements, and favorable market conditions for expansion.

Kimbell Royalty Partners excels in Q3, eyes growth amid challenges

Kimbell Royalty Partners delivered a robust performance in Q3 2024, driven by strong financial results and operational achievements.
The company's strategic strengths lie in its market position, diversified portfolio, and commitment to enhancing shareholder value.
While facing challenges such as market volatility and capital structure optimization, Kimbell remains poised to seize opportunities for growth.
By staying focused on operational excellence and capitalizing on industry trends, Kimbell is well-positioned for continued success and value creation.

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Kimbell Royalty (KRP) came out with quarterly earnings of $0.23 per share, beating the Zacks Consensus Estimate of $0.12 per share. This compares to earnings of $0.55 per share a year ago.

Kimbell Royalty (KRP) Q2 Earnings and Revenues Beat Estimates

Record Q2 2023 Run-Rate Daily Production; Post-MB Minerals Acquisition Production Exceeded 18,000 Boe/d (6:1) for First Time Including a Full-Quarter of Acquired Production Record Market Share of U.S. Land Rig Count of 13.8% with 90 Active Rigs Drilling 1   Increase in Borrowing Base and Elected Commitment on Secured Revolving Credit Facility to $400 Million  and Maturity Extended Until June 2027 Superior Five-Year Annual PDP Decline Rate of 13% Requires Only an Estimated 4.9 Net Wells Annually to Maintain Flat Production Announces Q2 2023 Cash Distribution of $0.39 per Common Unit FORT WORTH, Texas, Aug. 2, 2023 /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 125,000 gross wells across 28 states, today announced financial and operating results for the quarter ended June 30, 2023.  Second Quarter 2023 Highlights Record Q2 2023 run-rate daily production of 17,573 barrels of oil equivalent ("Boe") per day (6:1) Includes 45 days of production from the Company's $140.8 million acquisition of MB Minerals (the "Acquired Production"), which closed on May 17, 2023 with an effective production date of April 1, 2023 Including a full Q2 2023 impact of the Acquired Production, the revenues of which will be received by the Company, run-rate production was 18,554 Boe per day (6:1) Q2 2023 oil, natural gas and NGL revenues of $57.0 million, a decrease of 0.8% from Q1 2023, primarily attributable to a decline in realized commodity prices Q2 2023 net income of approximately $17.8 million and net income attributable to common units of approximately $13.5 million, as compared to $28.9 million and $23.3 million, respectively, from Q1 2023 Q2 2023 consolidated Adjusted EBITDA of $45.0 million, as compared to $42.3 million in Q1 2023 As of June 30, 2023, Kimbell's major properties2 had 6.86 net drilled but uncompleted wells ("DUCs") and net permitted locations on its acreage (3.89 net DUCs and 2.97 net permitted locations), compared to an estimated 4.9 net wells needed to maintain flat production Announced a Q2 2023 cash distribution of $0.39 per common unit, reflecting a payout ratio of 75% of cash available for distribution; implies a 9.9% annualized yield based on the August 1, 2023 closing price of $15.71 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 On June 13, 2023, Kimbell amended and extended its secured revolving credit facility through June 7, 2027 and increased borrowing base and elected commitments from $350 million to $400 million, an increase of 14% Conservative Balance Sheet with Net Debt to Trailing Twelve Month Consolidated Adjusted EBITDA of 1.1x Kimbell affirms its financial and operational guidance ranges for 2023 previously disclosed in its May 18, 2023 press release ________________________ 1 Based on Kimbell rig count of 90 and Baker Hughes U.S. land rig count of 653 on June 30, 2023.

Kimbell Royalty Partners Announces Record Second Quarter 2023 Results

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.

Earnings Preview: Kimbell Royalty (KRP) Q2 Earnings Expected to Decline

FORT WORTH, Texas, July 24, 2023 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell"), a leading owner of oil and natural gas mineral and royalty interests in more than 125,000 gross wells across 28 states, today announced that it has moved up the timing of its second quarter 2023 financial results and will now release results on Wednesday, August 2, 2023, before the market opens. Kimbell will also declare its second quarter 2023 distribution concurrent with this release.

Kimbell Royalty Partners Announces Date for Second Quarter 2023 Earnings Release and Conference Call

FORT WORTH, Texas , June 28, 2023 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell"), a leading owner of oil and natural gas mineral and royalty interests in more than 125,000 gross wells across 28 states, today announced that it will release its second quarter 2023 financial results on Thursday, August 3, 2023, before the market opens. Kimbell will also declare its second quarter 2023 distribution concurrent with this release.

Kimbell Royalty Partners Announces Timing of Second Quarter 2023 Earnings Release and Conference Call

Kimbell recently closed on a $143.1 million Northern Midland Basin acquisition. This acquisition should boost its distributable cash flow per unit by nearly 20% in the near-term.

Kimbell Royalty Partners: Recent Acquisition Adds Nearly 20% To Distributable Cash Flow Per Unit

Relative to prior 2023 guidance issued with Q4 2022 earnings release, Kimbell expects: Record daily production, which at its midpoint for Q2 2023 and Q3-Q4 2023 guidance is a 7% and 10% increase, respectively, over the midpoint of prior 2023 guidance Increase in oil production mix with Permian leading all categories including revenue, production, DUCs, permits and PUDs Reduction in expected cash G&A per Boe, reflecting positive operating leverage FORT WORTH, Texas , May 18, 2023 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell" or the "Company"), a leading owner of oil and gas mineral and royalty interests in over 16 million gross acres in 28 states, today announced updated 2023 guidance.  The revised guidance is in connection with the previously announced closing of the purchase of mineral and royalty interests held by MB Minerals, L.P.

Kimbell Royalty Partners Boosts 2023 Production Guidance

FORT WORTH, Texas , May 17, 2023 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell" or the "Company"), a leading owner of oil and gas mineral and royalty interests in over 16 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 MB Minerals, L.P, a subsidiary of Sabalo Holdings, LLC (a portfolio company of EnCap Investments), in a cash and unit transaction valued at approximately $140.8 million 1 (the "Acquisition").  The purchase price for the Acquisition was comprised of $48.8 million in cash (approximately 35% of the total consideration), approximately 5.4 million common units of Kimbell Royalty Operating, LLC valued at $83.4 million, and approximately 0.6 million newly issued common units of Kimbell Royalty Partners, LP valued at $8.7 million.

Kimbell Royalty Partners Closes $141 Million Midland Basin Mineral and Royalty Acquisition

Kimbell Royalty Partners, LP (NYSE:KRP ) Q1 2023 Earnings Conference Call May 3, 2023 11:00 AM ET Company Participants Rick Black - Investor Relations Robert Ravnaas - Chairman and Chief Executive Officer Davis Ravnaas - President and Chief Financial Officer Matthew Daly - Chief Operating Officer Conference Call Participants John Annis - Stifel John Freeman - Raymond James Tim Rezvan - KeyBanc Capital Markets Operator Greetings, and welcome to the Kimbell Royalty Partners First Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode.

Kimbell Royalty Partners, LP (KRP) Q1 2023 Earnings Call Transcript

Kimbell Royalty (KRP) came out with quarterly earnings of $0.36 per share, beating the Zacks Consensus Estimate of $0.15 per share. This compares to earnings of $0.13 per share a year ago.

Kimbell Royalty (KRP) Surpasses Q1 Earnings and Revenue Estimates

Record Q1 2023 Run-Rate Daily Production Record Rig Count of 94 Active Rigs Drilling Conservative Balance Sheet with Net Debt to Trailing Twelve Month Consolidated Adjusted EBITDA of 1.0x Previously announced MB Minerals Acquisition expected to close in Q2 2023 Announces Q1 2023 Cash Distribution of $0.35 per Common Unit FORT WORTH, Texas, May 3, 2023 /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 124,000 gross wells across 28 states, today announced financial and operating results for the quarter ended March 31, 2023.  First Quarter 2023 Highlights Record Q1 2023 run-rate daily production of 17,014 barrels of oil equivalent ("Boe") per day (6:1) Does not include any days of production from the Company's recently announced $143.1 million acquisition from MB Minerals (the "Acquired Production"), which is expected to close in Q2 2023 with an effective production date of April 1, 2023 Q1 2023 oil, natural gas and NGL revenues of $57.4 million, a decrease of 10.9% from Q4 2022, primarily attributable to a decline in realized commodity prices Q1 2023 net income of approximately $28.9 million and net income attributable to common units of approximately $23.3 million, as compared to $35.2 million and $28.4 million, respectively, from Q4 2022 Q1 2023 consolidated Adjusted EBITDA of $42.3 million, as compared to $46.2 million in Q4 2022 Q1 2023 realized natural gas prices of $3.16 was approximately 19% above Henry Hub during due to premium prices received across several basins, including the DJ Basin and Bakken As of March 31, 2023, Kimbell's major properties1 had 6.74 net drilled but uncompleted wells ("DUCs") and net permitted locations on its acreage (3.55 net DUCs and 3.19 net permitted locations), compared to an estimated 4.5 net wells needed to maintain flat production As of March 31, 2023, Kimbell had a record 94 rigs actively drilling on its acreage, up from 92 rigs in Q4 2022 and representing 12.8%2 market share of all rigs drilling in the continental United States as of such time Announced a Q1 2023 cash distribution of $0.35 per common unit, reflecting a payout ratio of 75% of cash available for distribution; implies a 9.0% annualized yield based on the May 2, 2023 closing price of $15.63 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 ______________________________________ 1 These figures pertain only to Kimbell's major properties and do not include possible additional DUCs and permits from Kimbell's minor properties, which generally have a net revenue interest of 0.1% or below and are time consuming to quantify but, in the estimation of Kimbell's management, could add an additional 20% to Kimbell's net inventory.

Kimbell Royalty Partners Announces Record First Quarter 2023 Results

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Kimbell is projected to generate $1.68 per unit in distributable cash flow in 2023 at the current strip. Around 58% of its production is natural gas and less than 20% of that is hedged, so it is affected by the weak near-term gas prices.

Kimbell Royalty Partners: Reviewing Its Outlook For 2023

Black Stone Minerals LP

In this head-to-head, I am going to see which royalty play - Black Stone Minerals or Kimbell Royalty Partners - is competing for the hardest for our investment dollars. Each company will be evaluated on Dividends, Debt & Dollars, and Dirt (yes, DIRT!).

Better Buy: Black Stone Minerals Or Kimbell Royalty

FORT WORTH, Texas , March 23, 2023 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell"), a leading owner of oil and natural gas mineral and royalty interests in more than 124,000 gross wells across 28 states, today announced that it will release its first quarter 2023 financial results on Wednesday, May 3, 2023, before the market opens. Kimbell will also declare its first quarter 2023 distribution concurrent with this release.

Kimbell Royalty Partners Announces Timing of First Quarter 2023 Earnings Release and Conference Call

FORT WORTH, Texas , Feb. 23, 2023 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell Royalty Partners" or "Kimbell"), a leading owner of oil and natural gas mineral and royalty interests in over 16 million gross acres in 28 states, today announced that Kimbell filed its Annual Report on Form 10-K ("Annual Report") for the fiscal year ended December 31, 2022 with the U.S. Securities and Exchange Commission ("SEC"). Kimbell's Annual Report is available through its website at http://kimbellrp.investorroom.com/financial-reports, as well as on the SEC's website at www.sec.gov.

Kimbell Royalty Partners Announces Filing of 2022 Annual Report on Form 10-K

Kimbell Royalty Partners, LP (NYSE:KRP ) Q4 2022 Earnings Conference Call February 23, 2023 11:00 AM ET Company Participants Rick Black - IR Bob Ravnaas - Chairman and CEO Davis Ravnaas - President and CFO Matt Daly - COO Conference Call Participants John Annis - Stifel Tim Rezvan - KeyBanc Capital Markets Trafford Lamar - Raymond James Operator Greetings, and welcome to the Kimbell Royalty Partners Fourth Quarter Earnings Conference Call. [Operator Instructions] And as a reminder, this conference is being recorded.

Kimbell Royalty Partners, LP (KRP) Q4 2022 Earnings Call Transcript

Kimbell Royalty (KRP) delivered earnings and revenue surprises of 65.52% and 25.34%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Kimbell Royalty (KRP) Tops Q4 Earnings and Revenue Estimates

Record Full-Year Oil, Natural Gas and Natural Gas Liquids Revenue and Net Income Record Q4 22 Run-Rate Daily Production; Post-Hatch Acquisition Quarterly Production Exceeds 17,000 Boe/d (6:1) for First Time Record Number of Net DUCs and Permits; Record Rig Count of 92 Active Rigs Drilling Updated Detailed Portfolio Review Includes 10,763 Gross and 66.94 Net Major Upside Locations 1 and Estimated 19 Years of Drilling Inventory 2   Superior Five-Year Annual Average PDP Decline Rate of 12% Requires Only an Estimated 4.5 Net Wells Annually to Maintain Flat Production Increase in Borrowing Base on Secured Revolving Credit Facility to $350 Million; Conservative Balance Sheet with Net Debt to Trailing Twelve Month Consolidated Adjusted EBITDA of 0.9x Announces Q4 2022 Cash Distribution of $0.48 per Common Unit FORT WORTH, Texas, Feb. 23, 2023 /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 124,000 gross wells across 28 states, today announced financial and operating results for the quarter ended and year ended December 31, 2022.  Fourth Quarter 2022 Highlights Record Q4 2022 run-rate daily production of 15,394 barrels of oil equivalent ("Boe") per day (6:1) Includes 17 days of production from the Company's $270.7 million acquisition of mineral and royalty interests held by Austin-based Hatch Royalty LLC (the "Acquired Production") that closed on December 15, 2022 Including a full Q4 2022 impact of the Acquired Production, the revenues from which will be received by the Company, run-rate production was 17,176 Boe per day (6:1) Q4 2022 oil, natural gas and NGL revenues of $64.4 million, a decrease of 12.8% from Q3 2022, primarily attributable to a decline in realized commodity prices Q4 2022 net income of approximately $35.2 million and net income attributable to common units of approximately $28.4 million, as compared to $43.8 million and $38.3 million, respectively, from Q3 2022 Q4 2022 consolidated Adjusted EBITDA of $46.2 million, as compared to $47.5 million in Q3 2022 As of December 31, 2022, Kimbell's major properties3 had 6.94 net drilled but uncompleted wells ("DUCs") and net permitted locations on its acreage (3.67 net DUCs and 3.27 net permitted locations), a new record, compared to an estimated 4.5 net wells needed to maintain flat production As of December 31, 2022, Kimbell had a record 92 rigs actively drilling on its acreage, up from 79 rigs in Q3 2022 and representing 12.1%4 market share of all rigs drilling in the continental United States as of such time On December 15, 2022, the borrowing base and aggregate commitments on Kimbell's secured revolving credit facility were increased from $300 million to $350 million in connection with its fall redetermination Announced a Q4 2022 cash distribution of $0.48 per common unit, reflecting a payout ratio of 75% of cash available for distribution; implies a 13.2% annualized yield based on the February 22, 2023 closing price of $14.59 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 Initiated 2023 guidance with estimated daily production at is mid-point projected at 17,200 Boe/d for the year; oil-weighting projected to increase relative to 2022 guidance provided in the Q4 2021 earnings release due to the Acquired Production in the Permian Basin 1 These figures include Kimbell's major properties and do not include locations from Kimbell's minor properties, which generally include properties with less than a 0.1% net revenue interest and are time consuming to quantify, but in the estimation of Kimbell's management could add up to an additional 20% to Kimbell's net inventory in the aggregate.

Kimbell Royalty Partners Announces Record Fourth Quarter and Full Year 2022 Results

Kimbell's production for 2023 may be around 55% to 60% natural gas. The combination of near $3 Henry Hub gas, wider than normal differentials and limited hedges result in projected DCF of $2 per unit despite $80 oil.

Kimbell Royalty Partners: Weak Near-Term NG Prices Weigh On 2023 Projections

Global Net Lease

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2 Stocks With 10%+ Yields For Your Radar

FORT WORTH, Texas, Dec. 28, 2022 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell"), a leading owner of oil and natural gas mineral and royalty interests in more than 123,000 gross wells across 28 states, today announced that it will release its fourth quarter 2022 financial results on Thursday, February 23, 2023, before the market opens.  Kimbell will also declare its fourth quarter 2022 distribution concurrent with this release.

Kimbell Royalty Partners Announces Timing of Fourth Quarter 2022 Earnings Release and Conference Call

FORT WORTH, Texas , Dec. 15, 2022 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell" or the "Company"), a leading owner of oil and gas mineral and royalty interests in over 16 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 Austin-based Hatch Royalty LLC in a cash and unit transaction valued at approximately $270.7 million (the "Acquisition").  The purchase price for the Acquisition was comprised of $150.4 million in cash (approximately 56% of the total consideration) and approximately 7.3 million common units of Kimbell Royalty Operating, LLC, which are valued at $120.3 million (approximately 44% of the total consideration).

Kimbell Royalty Partners Closes $271 Million Acquisition of Permian Basin Mineral and Royalty Interests in Cash and Unit Transaction(1)

Kimbell is acquiring Permian mineral and royalty interests from Hatch Royalty LLC. The purchase price is approximately $290 million and Kimbell is effectively paying for it with around 13.3 million units and $46 million in cash.

Kimbell Royalty Partners: Hatch Acquisition Boosts Its Projected 2023 DCF Per Unit

Should investors be excited or worried when a stock crosses above the 20-day simple moving average?

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