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 Partners and their unitholders have enjoyed the benefits of surging oil and gas prices thus far during 2022. As the end of the year approaches, they have recently announced a sizable Permian acquisition for $290m.

Kimbell Royalty Partners: Bigger, But Not Better For Their Unitholders

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Kimbell Royalty Partners LP (NYSE:KRP ) Q3 2022 Results Conference Call November 3, 2022 11:00 AM ET Company Participants Rick Black - Investor Relations Bob Ravnaas - Chairman and Chief Executive Officer Davis Ravnaas - President and Chief Financial Officer Matt Daly - Chief Operating Officer Conference Call Participants Torrey Schultz - RBC Capital Operator Greetings, and welcome to the Kimbell Royalty Partners Third Quarter Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.

Kimbell Royalty Partners LP (KRP) Q3 2022 Earnings Call Transcript

HIGHLIGHTS Expected to be immediately accretive to distributable cash flow per unit Targeted oil and gas mineral and royalty interests located in core position of the Permian Basin, highlighted by over 200,000 gross acres mostly concentrated in the Texas Delaware Basin Anticipated 2023 average production of approximately 2,522 Boe per day (57% oil, 25% natural gas, 18% NGL), generating an estimated $48.6 million of cash flow at strip pricing as of November 1, 2022 (reflects transaction multiple of approximately 6.0x)2 Expected to increase daily production by 14% and expected to decrease cash G&A per Boe by 12%3 Reestablishes the Permian Basin as the leading basin for Kimbell in terms of production, active rig count, DUCs, permits and undrilled inventory Maintains conservative balance sheet metrics with expected year-end 2022 net leverage4 of approximately 1.1x following transaction close FORT WORTH, Texas , Nov. 3, 2022 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell" or the "Company"), a leading owner of oil and gas mineral and royalty interests in approximately 16 million gross acres in 28 states, today announced that it has agreed to acquire mineral and royalty interests (the "acquired assets") held by Austin-based Hatch Royalty LLC ("Hatch Resources" or "Hatch") in a cash and unit transaction valued at approximately $290 million, subject to purchase price adjustments and other customary closing adjustments (the "Acquisition").  The purchase price for the Acquisition is comprised of $150 million in cash (approximately 52% of the total consideration) and approximately 7.3 million common units of Kimbell Royalty Operating, LLC, which are valued at $140 million (approximately 48% of the total consideration).

Kimbell Royalty Partners, LP Announces $290 Million Permian Basin Acquisition in Cash and Unit Transaction(1)

Kimbell Royalty (KRP) delivered earnings and revenue surprises of 90.32% and 8.73%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Kimbell Royalty (KRP) Tops Q3 Earnings and Revenue Estimates

Record Run-Rate Production of 14,985 Boe/d; 8% Sequential Oil Production Growth Rig Count up 7% to 79 Rigs Actively Drilling on Acreage (Highest Level Since 2019) Net DUCs and Permits at Record Level Reflecting Accelerated Line-of Site Activity Cash Distribution of $0.49 Declared FORT WORTH, Texas, Nov. 3, 2022 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell"), a leading owner of oil and natural gas mineral and royalty interests in more than 122,000 gross wells across 28 states, today announced financial and operating results for the quarter ended September 30, 2022.  Third Quarter 2022 Highlights Record Q3 2022 run-rate daily production of 14,985 barrels of oil equivalent ("Boe") per day (6:1), an increase of 0.2% from Q2 2022 (all organic growth); reflects an 8% increase in oil production from Q2 2022 Q3 2022 oil, natural gas and NGL revenues of $73.9 million, a decrease of 6% from Q2 2022 primarily due to a decline in realized oil prices Q3 2022 net income of approximately $43.8 million and net income attributable to common units of approximately $38.3 million Q3 2022 consolidated Adjusted EBITDA of $47.5 million Q3 2022 Cash available for distribution of $0.66 per common unit Announces a Q3 2022 cash distribution of $0.49 per common unit reflecting a payout ratio of 75% of cash available for distribution; implies a 10.1% annualized yield based on the November 2, 2022 closing price of $19.43 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 secured revolving credit facility As of September 30, 2022, Kimbell's major properties1 had 5.44 net drilled but uncompleted wells ("DUCs") and net permitted locations on its acreage (2.47 net DUCs and 2.97 net permitted locations), up from 5.36 net DUCs and net permitted locations as of June 30, 2022 and a new record; Kimbell now estimates that only 4.0 net wells completed annually are required to keep production flat, an 11% reduction from prior estimate of 4.5 net wells As of September 30, 2022, Kimbell had 79 rigs actively drilling on its acreage, up 7% from Q2 2022 and representing 10.6%2 market share of all rigs drilling in the continental United States as of such time Kimbell affirms its financial and operational guidance ranges for 2022 previously disclosed in its Q4 2021 earnings release   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 Third Quarter 2022 Results

Does Kimbell Royalty (KRP) have what it takes to be a top stock pick for momentum investors? Let's find out.

Are You Looking for a Top Momentum Pick? Why Kimbell Royalty (KRP) is a Great Choice

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Kimbell Royalty (KRP) is a Great Momentum Stock: Should You Buy?

The average of price targets set by Wall Street analysts indicates a potential upside of 32.6% in Kimbell Royalty (KRP). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Wall Street Analysts Think Kimbell Royalty (KRP) Could Surge 33%: Read This Before Placing a Bet

Here is how Kimbell Royalty (KRP) and Devon Energy (DVN) have performed compared to their sector so far this year.

Is Kimbell Royalty (KRP) Outperforming Other Oils-Energy Stocks This Year?

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FORT WORTH, Texas, Sept. 15, 2022 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell"), a leading owner of oil and natural gas mineral and royalty interests in more than 122,000 gross wells across 28 states, today announced that it will release its third quarter 2022 financial results on Thursday, November 3, 2022, before the market opens.

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

Kimbell reported 4% sequential production growth in Q2 2022 along with a $0.55 per unit distribution. It appears capable of delivering a similar distribution over the next year and a half at current strip prices.

Kimbell Royalty Partners Should Deliver Quarterly Distributions Of Over $0.50 For A While

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Kimbell Royalty Partners, LP (NYSE:KRP ) Q2 2022 Earnings Conference Call August 4, 2022 11:00 AM ET Company Participants Rick Black - Investor Relations Bob Ravnaas - Chairman and Chief Executive Officer Davis Ravnaas - President and Chief Financial Officer Matt Daly - Chief Operating Officer Blayne Rhynsburger - Controller Conference Call Participants Trafford Lamar - Raymond James Chris Baker - Credit Suisse Derrick Whitfield - Stifel Cameron Lochridge - Stephens Operator Greetings and welcome to the Kimbell Royalty Partners' Second Quarter Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.

Kimbell Royalty Partners, LP (KRP) CEO Bob Ravnaas on Q2 2022 Results - Earnings Call Transcript

Kimbell Royalty (KRP) delivered earnings and revenue surprises of 83.33% and 20.46%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Kimbell Royalty (KRP) Q2 Earnings and Revenues Top Estimates

Run-Rate Production of 14,948 Boe/d up 4% to Record Level (All Organic Growth) Net DUCs and Permits up 7% to Record Level Record Oil, Natural Gas and Natural Gas Liquids Revenue Record Net Income and Consolidated Adjusted EBITDA Record Cash Available for Distribution per Common Unit Record Cash Distribution of $0.55 Declared FORT WORTH, Texas, Aug. 4, 2022 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell"), a leading owner of oil and natural gas mineral and royalty interests in more than 122,000 gross wells across 28 states, today announced financial and operating results for the quarter ended June 30, 2022.  Second Quarter 2022 Highlights Record Q2 2022 run-rate daily production of 14,948 barrels of oil equivalent ("Boe") per day (6:1), an increase of 4% from Q1 2022 (all organic growth) Record Q2 2022 oil, natural gas and NGL revenues of $78.6 million, an increase of 21% from Q1 2022, reflecting improved realized commodity prices Record Q2 2022 net income of approximately $43.3 million and net income attributable to common units of approximately $37.9 million Record Q2 2022 consolidated Adjusted EBITDA of $53.5 million, an increase of 22% from Q1 2022 Record cash available for distribution of $0.74 per common unit, an increase of 16% from Q1 2022 Announces a Q2 2022 cash distribution of $0.55 per common unit, an increase of 17% from Q1 2022 and a new record, reflecting a payout ratio of 75% of cash available for distribution; implies a 12.7% annualized yield based on the August 3, 2022 closing price of $17.34 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 secured revolving credit facility As of June 30, 2022, Kimbell's major properties1 had 5.36 net drilled but uncompleted wells ("DUCs") and net permitted locations on its acreage (2.38 net DUCs and 2.98 net permitted locations), up from 5.03 net DUCs and net permitted locations as of March 31, 2022 and a new record As of June 30, 2022, Kimbell had 74 rigs actively drilling on its acreage, up 1% from Q1 2022 and representing 10.1%2 market share of all rigs drilling in the continental United States as of such time Kimbell affirms its financial and operational guidance ranges for 2022 previously disclosed in its Q4 2021 earnings release   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 Second Quarter 2022 Results

We're reiterating our Buy rating on KRP units. KRP's distributable cash flow is likely to increase amid current commodity prices.

Kimbell Royalty Partners Units Remain A Bargain Amid The Crude Oil Selloff

Kimbell Royalty (KRP) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

Down 20.9% in 4 Weeks, Here's Why You Should You Buy the Dip in Kimbell Royalty (KRP)

Kimbell Royalty (KRP) Loses 14.2% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

Down 11.3% in 4 Weeks, Here's Why You Should You Buy the Dip in Kimbell Royalty (KRP)

FORT WORTH, Texas, June 14, 2022 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("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 it will release its second quarter 2022 financial results on Thursday, August 4, 2022, before the market opens.  Kimbell will also declare its second quarter 2022 distribution concurrent with this release.

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