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

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Kimbell Royalty (KRP) delivered earnings and revenue surprises of -66.67% and -17.68%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Kimbell Royalty (KRP) Q3 Earnings and Revenues Miss Estimates

FORT WORTH, Texas, Nov. 4, 2021 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell" or the "Company"), a leading owner of oil and natural gas mineral and royalty interests in more than 97,000 gross wells across 28 states, today announced financial and operating results for the quarter ended September 30, 2021.  Third Quarter 2021 Highlights Q3 2021 run-rate daily production of 14,083 barrels of oil equivalent ("Boe") per day (6:1), up 1% from Q2 2021 Record Q3 2021 oil, natural gas and NGL revenues of $47.6 million, an increase of 23% from Q2 2021, reflecting improved realized commodity prices Record Q3 2021 net income of approximately $7.5 million and net income attributable to common units of approximately $1.8 million; an increase of 101% and 23%, respectively, from Q2 2021 Record Q3 2021 consolidated Adjusted EBITDA of $33.0 million, an increase of 18% from Q2 2021 Record cash available for distribution of $0.50 per common unit, an increase of 22% from Q2 2021 Kimbell expects to redeem all remaining Series A Cumulative Preferred Units outstanding in Q1 2022, further simplifying its capital structure and reducing its cost of capital As of September 30, 2021, Kimbell's major properties1 had 4.71 net drilled but uncompleted wells ("DUCs") and net permitted locations on its acreage (1.69 net DUCs and 3.02 net permitted locations), compared to 4.5 net wells needed to maintain flat production As of September 30, 2021, Kimbell had 60 rigs actively drilling on its acreage, up 20% from Q2 2021 and representing 11.7%2 market share of all rigs drilling in the continental United States as of such time Announced a Q3 2021 cash distribution of $0.37 per common unit, an increase of 19% from Q2 2021, reflecting a payout ratio of 75% of cash available for distribution; implies a 10.3% annualized yield based on the November 3, 2021 closing price of $14.43 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 revolving credit facility Kimbell affirms its financial and operational guidance ranges for 2021 previously disclosed in its Q4 2020 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 Third Quarter 2021 Results

Kimbell may be able to pay out a $0.45 per unit distribution for Q4 2021 due with $80s WTI oil and $5.50+ NYMEX gas. At current 2022 strip prices, it appears capable of delivering a $0.39 per unit quarterly distribution with a 75% payout ratio.

Kimbell Royalty Partners: Potential $0.45 Distribution For Q4 2021

FORT WORTH, Texas, Oct. 22, 2021 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell"), a leading owner of oil and natural gas mineral and royalty interests in more than 97,000 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 third quarter of 2021, or $0.37 per common unit.  The distribution will be payable on November 8, 2021 to common unitholders of record at the close of business on November 1, 2021.

Kimbell Royalty Partners Declares Third Quarter 2021 Distribution

Kimbell Royalty Partners offers investors an often overlooked way to capitalize on higher oil prices whilst generating income, but their peers offer more exciting options. Their financial performance broadly tracks the price of oil with their variable distribution policy seeing a 75/25 split between distributions and deleveraging.

Kimbell Royalty Partners: A Nice High Yield, But More Exciting Options Exist

FORT WORTH, Texas, Sept. 23, 2021 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell"), a leading owner of oil and natural gas mineral and royalty interests in more than 97,000 gross wells across 28 states, today announced that it will release its third quarter 2021 financial results on Thursday, November 4, 2021, before the market opens.

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

Kimbell Royalty Partners, LP (KRP) CEO Bob Ravnaas on Q2 2021 Results - Earnings Call Transcript

KIMBELL ROYALTY (KRP) delivered earnings and revenue surprises of -55.56% and -24.13%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

KIMBELL ROYALTY (KRP) Q2 Earnings and Revenues Miss Estimates

FORT WORTH, Texas, Aug. 5, 2021 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell" or the "Company"), a leading owner of oil and natural gas mineral and royalty interests in more than 97,000 gross wells across 28 states, today announced financial and operating results for the quarter ended June 30, 2021.  Second Quarter 2021 Highlights Q2 2021 run-rate daily production of 14,011 barrels of oil equivalent ("Boe") per day (6:1), up 2% from Q1 2021 Q2 2021 oil, natural gas and NGL revenues of $38.8 million, an increase of 7% from Q1 2021, reflecting improved sequential production and realized commodity prices Q2 2021 net income of approximately $3.7 million and net income attributable to common units of approximately $1.5 million; compared to a Q1 2021 net income of $0.5 million and net loss attributable to common units of $0.7 million Record Q2 2021 consolidated Adjusted EBITDA of $28.1 million, an increase of 8% from Q1 2021 Updated guidance relating to favorable tax treatment of earnings and distributions Kimbell does not expect to pay a material amount of federal corporate income taxes from 2021 through 2027 (less than 5% of Kimbell's estimated pre-tax distributable cash flow for such years) Substantially all distributions paid to common unitholders from 2021 to 2025 are expected to be free of dividend income taxes and instead considered a return of capita Completed the redemption of 55% of Kimbell's outstanding Series A Cumulative Convertible Preferred Units (the "Preferred Units") for an aggregate redemption price of $36.1 million on July 7, 2021 Kimbell expects to redeem the remaining Preferred Units in early 2022, further simplifying its capital structure and reducing its cost of capital As of June 30, 2021, Kimbell's major properties had 799 gross (1.95 net) drilled but uncompleted wells ("DUCs") and 703 gross (2.67 net) permitted locations on its acreage As of June 30, 2021, Kimbell had 50 rigs actively drilling on its acreage, which represented 10.9%1 market share of all rigs drilling in the continental United States as of such time Announced a Q2 2021 cash distribution of $0.31 per common unit, an increase of 15% from Q1 2021, reflecting a payout ratio of 75% of cash available for distribution; implies an 11.2% annualized yield based on the August 4, 2021 closing price of $11.09 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 Kimbell affirms its financial and operational guidance ranges for 2021 previously disclosed in its Q4 2020 earnings release ________________________________ 1 Based on Kimbell rig count of 50 and Baker Hughes U.S. land rig count of 459 as of July 2, 2021.

Kimbell Royalty Partners Announces Second Quarter 2021 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.

Analysts Estimate KIMBELL ROYALTY (KRP) to Report a Decline in Earnings: What to Look Out for

FORT WORTH, Texas, July 23, 2021 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell"), a leading owner of oil and natural gas mineral and royalty interests in more than 97,000 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 second quarter of 2021, or $0.31 per common unit.  The distribution will be payable on August 9, 2021 to common unitholders of record at the close of business on August 2, 2021.

Kimbell Royalty Partners Declares Second Quarter 2021 Distribution

Kimbell's portfolio review identified around 15 years of drilling inventory (at maintenance levels) from its major properties. Minor properties (with 0.1% or lower NRI) may add another 4 years of drilling inventory.

Kimbell Royalty Partners: May Have Nearly 20 Years Of Drilling Inventory

FORT WORTH, Texas, July 1, 2021 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell"), a leading owner of oil and natural gas mineral and royalty interests in more than 97,000 gross wells across 28 states, today announced that it will release its second quarter 2021 financial results on Thursday, August 5, 2021, 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 Second Quarter 2021 Earnings Release and Conference Call

FORT WORTH, Texas, June 8, 2021 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell" or the "Company"), a leading owner of oil and natural gas mineral and royalty interests in more than 97,000 gross wells across 28 states, today announced its participation in the Stifel 2021 Virtual Cross Sector Insight Conference. Management will be hosting virtual one-on-one meetings on Wednesday, June 9, 2021.

Kimbell Royalty Partners to Participate in the Stifel 2021 Virtual Cross Sector Insight Conference

Kimbell Royalty Partners' (KRP) CEO Bob Ravnaas on Q1 2021 Results - Earnings Call Transcript

KIMBELL ROYALTY (KRP) delivered earnings and revenue surprises of -133.33% and -27.57%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

KIMBELL ROYALTY (KRP) Reports Q1 Loss, Lags Revenue Estimates

FORT WORTH, Texas, May 6, 2021 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell" or the "Company"), a leading owner of oil and natural gas mineral and royalty interests in more than 97,000 gross wells across 28 states, today announced financial and operating results for the quarter ended March 31, 2021.  First Quarter 2021 Highlights Q1 2021 daily production of 13,721 barrels of oil equivalent ("Boe") per day (6:1) Q1 2021 production was composed of approximately 61% from natural gas and approximately 39% from liquids (26% from oil and 13% from natural gas liquids ("NGL")) (6:1) Q1 2021 oil, natural gas and NGL revenues of $36.4 million, an increase of 40% from Q4 2020, reflecting improved realized commodity prices Q1 2021 net income of approximately $537,000 and net loss attributable to common units of approximately $704,000; compared to a Q4 2020 net loss of $93.8 million and net loss attributable to common units of $62.2 million Q1 2021 consolidated Adjusted EBITDA of $26.0 million, an increase of 46% from Q4 2020 Announced the results of a detailed portfolio review of Kimbell's 13 million gross acres: Total 10,160 gross and 68.1 net, 100% net revenue interest or NRI, of undrilled locations (includes only major properties and excludes minor properties, which Kimbell estimates could add up to an additional 20% to Kimbell's net inventory in the aggregate)1; Represents an estimated 15 years of drilling inventory2 As of March 31, 2021, Kimbell's major properties had 761 gross (2.20 net) drilled but uncompleted wells ("DUCs") and 669 gross (2.54 net) permitted locations on its acreage  As of March 31, 2021, Kimbell had 49 rigs actively drilling on its acreage, an increase of 26% from Q4 2020, which represented 11.8%3 market share of all rigs drilling in the continental United States as of such time Announced a Q1 2021 cash distribution of $0.27 per common unit, an increase of 42% from Q4 2020, reflecting a payout ratio of 75% of cash available for distribution; implies a 9.4% annualized yield based on the May 5, 2021 closing price of $11.51 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 Kimbell affirms its financial and operational guidance ranges for 2021 previously disclosed in its Q4 2020 earnings release ________________________________ 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 First Quarter 2021 Results

KIMBELL ROYALTY (KRP) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Kimbell declared a $0.27 per unit distribution for Q1 2021, a 42% increase compared to $0.19 per unit for Q4 2020. Kimbell's 2021 distributions are estimated at $1.02 per unit, or $0.25 per quarter during the remaining quarters.

Kimbell Royalty Partners: 2021 Distributions Estimated At A Bit Over $1 Per Unit

FORT WORTH, Texas, April 23, 2021 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell"), a leading owner of oil and natural gas mineral and royalty interests in more than 97,000 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 2021, or $0.27 per common unit.  The distribution will be payable on May 10, 2021 to common unitholders of record at the close of business on May 3, 2021.

Kimbell Royalty Partners Declares First Quarter 2021 Distribution

FORT WORTH, Texas, March 24, 2021   /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell"), a leading owner of oil and natural gas mineral and royalty interests in more than 97,000 gross wells across 28 states, today announced that it will release its first quarter 2021 financial results on Thursday, May 6, 2021, 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 2021 Earnings Release and Conference Call

Kimbell Royalty Partners' (KRP) CEO Bob Ravnaas on Q4 2020 Results - Earnings Call Transcript

FORT WORTH, Texas, Feb. 26, 2021 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell Royalty Partners" or "Kimbell"), a leading owner of oil and natural gas mineral and royalty interests across 28 states, today announced that Kimbell filed its Annual Report on Form 10-K...

Kimbell Royalty Partners Announces Filing of 2020 Annual Report on Form 10-K

KIMBELL ROYALTY (KRP) delivered earnings and revenue surprises of 3100.00% and -12.66%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

KIMBELL ROYALTY (KRP) Beats Q4 Earnings Estimates

FORT WORTH, Texas, Feb. 25, 2021 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell" or the "Company"), a leading owner of oil and natural gas mineral and royalty interests in more than 97,000 gross wells across 28 states, today announced financial and operating results...

News for Kimbell Royalty Partners Stock (KRP)