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.

Earnings data Q1 2021

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Earnings data Q4 2024

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) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.

Here's Why "Trend" Investors Would Love Betting on Kimbell Royalty (KRP)

At current strip for 2022, Kimbell is projected to generate $2.79 per unit in distributable cash flow. For 2023, it is projected to generate $2.80 to $2.90 per unit in distributable cash flow, as hedges will have less of a negative impact.

Kimbell Royalty Partners: Estimated $2.80 Per Unit In Distributable Cash Flow For 2022 And 2023

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

Kimbell Royalty (KRP) Is Up 3.07% in One Week: What You Should Know

Here is how Kimbell Royalty (KRP) and Helmerich & Payne (HP) have performed compared to their sector so far this year.

Has Kimbell Royalty (KRP) Outpaced Other Oils-Energy Stocks This Year?

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

Earnings Estimates Rising for Kimbell Royalty (KRP): Will It Gain?

If you are looking for stocks that are well positioned to maintain their recent uptrend, Kimbell Royalty (KRP) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.

Recent Price Trend in Kimbell Royalty (KRP) is Your Friend, Here's Why

Kimbell Royalty Partners, LP (NYSE:KRP ) Q1 2022 Earnings Conference Call May 5, 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 Chris Baker - Credit Suisse Trafford Lamar - Raymond James Nate Pendleton - Stifel TJ Schultz - RBC Capital Operator Greetings and welcome to the Kimbell Royalty Partners First Quarter Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.

Kimbell Royalty Partners, LP (KRP) CEO Bob Ravnaas on Q1 2022 Results - Earnings Call Transcript

Kimbell Royalty (KRP) delivered earnings and revenue surprises of -23.53% and 22.81%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Kimbell Royalty (KRP) Misses Q1 Earnings and Revenue Estimates

20% Growth in Rig Count; 6% Growth in Net DUCs and Permits Record Oil, Natural Gas and Natural Gas Liquids Revenue Record Consolidated Adjusted EBITDA Record Cash Available for Distribution per Common Unit Record Cash Distribution Declared FORT WORTH, Texas , May 5, 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 March 31, 2022.  First Quarter 2022 Highlights Q1 2022 run-rate daily production of 14,388 barrels of oil equivalent ("Boe") per day (6:1) Record Q1 2022 oil, natural gas and NGL revenues of $65.1 million, an increase of 25% from Q4 2021, reflecting improved realized commodity prices and $5.9 million of prior period adjustments Q1 2022 net income of approximately $8.4 million and net income attributable to common units of approximately $7.3 million Record Q1 2022 consolidated Adjusted EBITDA of $43.9 million, an increase of 34% from Q4 2021 Record cash available for distribution of $0.64 per common unit, an increase of 31% from Q4 2021 Announced a Q1 2022 cash distribution of $0.47 per common unit, an increase of 27% from Q4 2021 and a new record, reflecting a payout ratio of 75% of cash available for distribution; implies a 10.8% annualized yield based on the May 4, 2022 closing price of $17.40 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 March 31, 2022, Kimbell's major properties1 had 5.03 net drilled but uncompleted wells ("DUCs") and net permitted locations on its acreage (2.25 net DUCs and 2.78 net permitted locations), up from 4.73 net DUCs and net permitted locations as of December 31, 2021 As of March 31, 2022, Kimbell had 73 rigs actively drilling on its acreage, up 20% from Q4 2021 and representing 11.1%2 market share of all rigs drilling in the continental United States as of such time Completed the initial public offering of Kimbell Tiger Acquisition Corporation ("Kimbell Tiger") on February 8, 2022, a Kimbell-sponsored special purpose acquisition company that will target an acquisition in the energy and natural resources industry in North America 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 First Quarter 2022 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.

Kimbell Royalty (KRP) Earnings Expected to Grow: Should You Buy?

FORT WORTH, Texas, April 22, 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 the Board of Directors of Kimbell Royalty GP, LLC, Kimbell's general partner, approved a cash distribution payment of 75% of projected cash available for distribution for the first quarter of 2022, or $0.47 per common unit.  The distribution will be payable on May 9, 2022 to common unitholders of record at the close of business on May 2, 2022.

Kimbell Royalty Partners Declares First Quarter 2022 Distribution

Can Kimbell Royalty (KRP) Run Higher on Rising Earnings Estimates?

FORT WORTH, Texas, March 23, 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 first quarter 2022 financial results on Thursday, May 5, 2022, before the market opens. In conjunction with the release, Kimbell has scheduled a conference call, which will be broadcast live over the Internet the same day at 10:00 a.m.

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

Kimbell Royalty Partners has seen their cash flow performance and thus distributions push higher throughout the latter half of 2021 thanks to the strong oil prices.

Kimbell Royalty Partners: Business-As-Usual During 2022, Albeit Very Profitable With A 10%+ Yield

FORT WORTH, Texas, Feb. 25, 2022 /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, 2021 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 2021 Annual Report on Form 10-K

Kimbell Royalty Partners LP (KRP) CEO Robert Ravnaas on Q4 2021 Results - Earnings Call Transcript

Kimbell Royalty (KRP) delivered earnings and revenue surprises of 144.44% and 22.36%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Kimbell Royalty (KRP) Q4 Earnings and Revenues Top Estimates

FORT WORTH, Texas, Feb. 24, 2022 /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 16 million gross acres in 28 states, today announced financial and operating results for the quarter ended and year ended December 31, 2021.  Fourth Quarter 2021 Highlights Q4 2021 run-rate daily production of 14,023 barrels of oil equivalent ("Boe") per day (6:1) Includes 25 days of production from the Company's $57.0 million acquisition of mineral and royalty interests (the "acquired production") that closed on December 7, 2021 Including a full Q4 2021 impact of the acquired production, the revenues from which will be received by the Company, run-rate production was 14,521 Boe per day (6:1) Record Q4 2021 oil, natural gas and NGL revenues of $52.2 million, an increase of 9.7% from Q3 2021, primarily attributable to improved realized commodity prices Record Q4 2021 net income of approximately $30.7 million and net income attributable to common units of approximately $20.0 million, as compared to $7.5 and $1.8 million, respectively, from Q3 2021 Q4 2021 consolidated Adjusted EBITDA of $32.8 million, compared to $33.0 million in Q3 2021 Kimbell redeemed all remaining Series A Cumulative Convertible Preferred Units outstanding in Q4 2021, further simplifying its capital structure and reducing its cost of capital On December 7, 2021, the borrowing base and aggregate commitments on Kimbell's secured revolving credit facility were increased from $265 million to $275 million in connection with its fall redetermination As of December 31, 2021, Kimbell's major properties1 had 4.73 net drilled but uncompleted wells ("DUCs") and net permitted locations on its acreage (2.25 net DUCs and 2.48 net permitted locations), compared to 4.5 net wells needed to maintain flat production As of December 31, 2021, Kimbell had 61 rigs actively drilling on its acreage, up from 60 rigs in Q3 2021 and representing 10.7%2 market share of all rigs drilling in the continental United States as of such time Announced a Q4 2021 cash distribution of $0.37 per common unit, reflecting a payout ratio of 75% of cash available for distribution; implies a 9.2% annualized yield based on the February 23, 2022 closing price of $16.02 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 Fourth Quarter and Full Year 2021 Results

FORT WORTH, Texas, Jan. 21, 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 the Board of Directors of Kimbell Royalty GP, LLC, Kimbell's general partner, approved a cash distribution payment of 75% of projected cash available for distribution for the fourth quarter of 2021, or $0.37 per common unit.  The distribution will be payable on February 7, 2022 to common unitholders of record at the close of business on January 31, 2022.

Kimbell Royalty Partners Declares Fourth Quarter 2021 Distribution

Kimbell Royalty (KRP) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.

What Makes Kimbell Royalty (KRP) a Good Fit for "Trend Investing"

FORT WORTH, Texas, Dec. 20, 2021 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell"), a leading owner of oil and natural gas mineral and royalty interests in over 13 million gross acres in 28 states, today announced that it will release its fourth quarter 2021 financial results on Thursday, February 24, 2022, before the market opens. In conjunction with the release, Kimbell has scheduled a conference call, which will be broadcast live over the Internet the same day at 10:00 a.m.

Kimbell Royalty Partners Announces Timing of Fourth Quarter 2021 Earnings Release and Conference Call

FORT WORTH, Texas, Dec. 7, 2021 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell" or the "Company"), a leading owner of oil and gas mineral and royalty interests in over 13 million gross acres in 28 states, today announced that it has closed the previously announced purchase (the "Acquisition") of mineral and royalty interests in an all-cash transaction valued at approximately $57 million.  The Acquisition was funded with cash through a combination of an underwritten public offering of common units and borrowings under its revolving credit facility.

Kimbell Royalty Partners Closes $57 Million Acquisition of Mineral and Royalty Interests in Cash Transaction

FORT WORTH, Texas, Nov. 9, 2021 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell") today announced the pricing of its public offering of 3,750,000 common units representing limited partner interests, at a public offering price of $14.00 per common unit.  The total gross proceeds of the offering, before underwriters' discounts and estimated offering expenses, will be approximately $52.5 million.

Kimbell Royalty Partners, LP Prices Public Offering of Common Units

FORT WORTH, Texas, Nov. 9, 2021 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell" or the "Company"), a leading owner of oil and gas mineral and royalty interests in approximately 13 million gross acres in 28 states, today announced that it has agreed to acquire (the "Acquisition") mineral and royalty interests from an undisclosed seller (the "Seller") in an all-cash transaction valued at approximately $57 million, subject to purchase price adjustments and other customary closing adjustments.  Kimbell intends to raise the proceeds for the purchase price through a combination of an underwritten public offering of common units (announced substantially concurrently with this release) and borrowings under its revolving credit facility.

Kimbell Royalty Partners Announces $57 Million Acquisition of Mineral and Royalty Interests in Cash Transaction

Kimbell Royalty Partners LP (KRP) CEO Robert Ravnaas on Q3 2021 Results - Earnings Call Transcript

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