KRP - Kimbell Royalty Partners, LP

NYSE - NYSE Delayed Price. Currency in USD
8.44
+0.26 (+3.18%)
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Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close8.18
Open8.03
Bid8.37 x 900
Ask8.46 x 1000
Day's Range8.03 - 8.53
52 Week Range3.51 - 17.72
Volume52,991
Avg. Volume182,415
Market Cap504.639M
Beta (5Y Monthly)2.25
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield1.36 (16.43%)
Ex-Dividend DateMay 01, 2020
1y Target EstN/A
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
XX.XX
Undervalued
170% Est. Return
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Press Releases
  • Kimbell Royalty Partners Announces Timing of Second Quarter 2020 Earnings Release and Conference Call
    PR Newswire

    Kimbell Royalty Partners Announces Timing of Second Quarter 2020 Earnings Release and Conference Call

    Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell"), a leading owner of oil and natural gas mineral and royalty interests in more than 96,000 gross wells across 28 states, today announced it will release its second quarter 2020 financial results on Thursday, August 6, 2020, 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. Central (11:00 a.m. Eastern).

  • Kimbell Royalty Partners Announces Unanimous Reaffirmation of Borrowing Base
    PR Newswire

    Kimbell Royalty Partners Announces Unanimous Reaffirmation of Borrowing Base

    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 96,000 gross wells across 28 states, today announced that the lenders under the Company's revolving credit facility unanimously reaffirmed the borrowing base at $300 million and total commitments of $225 million (or up to $300 million if the accordion feature is exercised). The borrowing base was reaffirmed in part because the assets acquired in the acquisition of equity interests in Springbok Energy Partners, LLC and Springbok Energy Partners II, LLC provided support to Kimbell's existing, pre-acquisition borrowing base. Increases in commitments pursuant to the revolving credit facility's accordion feature are subject to the satisfaction of certain conditions, including obtaining additional commitments from new or existing lenders.

  • Kimbell Royalty Partners to Participate in Upcoming Investor Conferences
    PR Newswire

    Kimbell Royalty Partners to Participate in Upcoming Investor Conferences

    Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell"), a leading owner of oil and natural gas mineral and royalty interests in more than 96,000 gross wells across 28 states, today announced its plans to participate in the following upcoming conferences:

  • Kimbell Royalty Partners Announces First Quarter 2020 Results
    PR Newswire

    Kimbell Royalty Partners Announces First Quarter 2020 Results

    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 96,000 gross wells across 28 states, today announced financial and operating results for the first quarter ended March 31, 2020.

  • Kimbell Royalty Partners Declares First Quarter 2020 Distribution; Provides Preliminary First Quarter 2020 Results and Operational Update
    PR Newswire

    Kimbell Royalty Partners Declares First Quarter 2020 Distribution; Provides Preliminary First Quarter 2020 Results and Operational Update

    Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell"), a leading owner of oil and natural gas mineral and royalty interests in more than 96,000 gross wells across 28 states, today announced that the Board of Directors of Kimbell Royalty GP, LLC, Kimbell's general partner (the "Board of Directors") approved a cash distribution payment of 50% of projected cash available for distribution for the first quarter of 2020, or $0.17 per common unit. The distribution will be payable on May 11, 2020 to common unitholders of record at the close of business on May 4, 2020.

  • Kimbell Royalty Partners, LP Closes Mineral and Royalty Acquisition from Springbok
    PR Newswire

    Kimbell Royalty Partners, LP Closes Mineral and Royalty Acquisition from Springbok

    Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell") today announced that it has closed the previously announced purchase of the mineral and royalty interests held by Dallas-based Springbok Energy Partners, LLC ("SEP I") and Springbok Energy Partners II, LLC ("SEP II" and, together with SEP I, "Springbok") for a purchase price of approximately $123.1 million (the "Acquisition") funded by a combination of approximately $95 million in cash and approximately 2.2 million common units of Kimbell and approximately 2.5 million common units of Kimbell Royalty Operating, LLC. Kimbell is entitled to the cash flow from production attributable to the Acquisition beginning on and after October 1, 2019. Revenues and certain other operating statistics under generally accepted accounting principles ("GAAP") will be recorded for the Acquisition beginning on the closing date of April 17, 2020. As of March 31, 2020, the acreage acquired in the Acquisition had over 90 operators on 2,160 net royalty acres across core areas of the Delaware Basin, DJ Basin, Haynesville, STACK, Eagle Ford and other leading basins. In addition, for Q1 2020, Kimbell estimates that the Springbok assets produced 2,586 Boe/d (56% natural gas, 34% oil and 10% natural gas liquids) (6:1), an organic production growth increase of 2% from October 1, 2019.

  • Kimbell Royalty Partners Announces Timing of First Quarter 2020 Earnings Release and Conference Call
    PR Newswire

    Kimbell Royalty Partners Announces Timing of First Quarter 2020 Earnings Release and Conference Call

    Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell"), a leading owner of oil and natural gas mineral and royalty interests in more than 94,000 gross producing wells across 28 states, today announced it will release its first quarter 2020 financial results on Thursday, May 7, 2020, 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. Central (11:00 a.m. Eastern).

  • Kimbell Royalty Partners to Participate in the 25th Annual Credit Suisse Energy Summit
    PR Newswire

    Kimbell Royalty Partners to Participate in the 25th Annual Credit Suisse Energy Summit

    Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell Royalty Partners" or "Kimbell"), a leading owner of oil and natural gas mineral and royalty interests in more than 94,000 gross producing wells across 28 states, today announced its participation in the upcoming 25th Annual Credit Suisse Energy Summit in Vail, Colorado, on March 2-3, 2020.

  • Kimbell Royalty Partners Announces Filing of 2019 Annual Report on Form 10-K
    PR Newswire

    Kimbell Royalty Partners Announces Filing of 2019 Annual Report on Form 10-K

    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 ("Annual Report") for the fiscal year ended December 31, 2019 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. Interested investors may obtain a hard copy of the Annual Report, including Kimbell's complete audited financial statements, free of charge, by sending a request to Kimbell, C/O Dennard Lascar Investor Relations, to: KRP@dennardlascar.com, or by telephone at (713) 529-6600.

  • Kimbell Royalty Partners Announces Fourth Quarter and Full Year 2019 Results
    PR Newswire

    Kimbell Royalty Partners Announces Fourth Quarter and Full Year 2019 Results

    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 94,000 gross producing wells across 28 states, today announced financial and operating results for the fourth quarter ended December 31, 2019.

  • Kimbell Royalty Partners Announces Fourth Quarter 2019 Distribution
    PR Newswire

    Kimbell Royalty Partners Announces Fourth Quarter 2019 Distribution

    Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell"), a leading owner of oil and natural gas mineral and royalty interests in more than 94,000 gross producing wells across 28 states, today announced that the Board of Directors of Kimbell Royalty GP, LLC, its general partner, has approved a cash distribution of $0.38 per common unit for the fourth quarter of 2019. The distribution will be payable on February 10, 2020 to common unitholders of record at the close of business on February 3, 2020. Kimbell has a distribution policy to pay out all available cash (as defined in its partnership agreement) each quarter. Kimbell's distributions may vary based on certain factors including, but not limited to, the price of oil, natural gas and natural gas liquids and production from Kimbell's royalty assets, as well as cash needed for debt service obligations, fixed charges and reserves for future operating or capital needs.

  • Kimbell Royalty Partners, LP Prices Public Offering of Common Units
    PR Newswire

    Kimbell Royalty Partners, LP Prices Public Offering of Common Units

    Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell") today announced the pricing of its public offering of 5,000,000 common units representing limited partner interests, at a public offering price of $15.50 per common unit. The total gross proceeds of the offering, before underwriters' discounts and estimated offering expenses, will be approximately $77.5 million. Certain selling unitholders of Kimbell have granted the underwriters an option to purchase up to 750,000 additional common units at the public offering price less the underwriting discount and commissions. The offering is expected to close on January 14, 2020, subject to customary closing conditions.

  • Kimbell Royalty Partners Announces $175 Million Acquisition of Mineral and Royalty Interests in a Cash and Unit Transaction
    PR Newswire

    Kimbell Royalty Partners Announces $175 Million Acquisition of Mineral and Royalty Interests in a Cash and Unit Transaction

    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 mineral and royalty interests held by Dallas-based Springbok Energy Partners, LLC ("SEP I") and Springbok Energy Partners II, LLC ("SEP II" and, collectively with SEP I, "Springbok") in a transaction valued at approximately $175 million, subject to purchase price adjustments (the "Acquisition"). The purchase price for the Acquisition is comprised of $95 million in cash (approximately 54% of the total consideration) and an aggregate of approximately 2.2 million common units of Kimbell and approximately 2.5 million common units of Kimbell Royalty Operating, LLC, which are together valued at $80 million2 (approximately 46% of the total consideration). Kimbell intends to raise the cash portion of 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 estimates that, as of October 1, 2019, the Springbok assets produced 2,533 Boe/d (823 Bbl/d of oil, 279 Bbl/d of NGLs and 8,584 Mcf/d of natural gas) (6:1) with an average realized cash margin of $21.92 per Boe and included 2,160 net royalty acres. The Delaware Basin represents 29% of the rig activity included in the Acquisition. The Board of Directors of Kimbell's general partner and the governing bodies of the respective Springbok entities have each unanimously approved the Acquisition, which is expected to close in the second quarter of 2020, subject to customary closing conditions. The effective date of the Acquisition is October 1, 2019.

  • Kimbell Royalty Partners Announces Timing of Fourth Quarter 2019 Earnings Release and Conference Call
    PR Newswire

    Kimbell Royalty Partners Announces Timing of Fourth Quarter 2019 Earnings Release and Conference Call

    Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell"), a leading owner of oil and natural gas mineral and royalty interests in more than 94,000 gross producing wells across 28 states, today announced it will release its fourth quarter 2019 financial results on Thursday, February 27, 2020, 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. Central (11:00 a.m. Eastern).

  • Kimbell Royalty Partners to Participate in TD Securities London Energy Conference
    PR Newswire

    Kimbell Royalty Partners to Participate in TD Securities London Energy Conference

    Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell"), a leading owner of oil and natural gas mineral and royalty interests in more than 94,000 gross producing wells across 28 states, today announced its plans to participate in the upcoming TD Securities London Energy Conference in London, England, on January 13-14, 2020.

  • Kimbell Royalty Partners, LP Closes Mineral and Royalty Acquisition from Buckhorn Resources
    PR Newswire

    Kimbell Royalty Partners, LP Closes Mineral and Royalty Acquisition from Buckhorn Resources

    Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell") today announced that it has closed the previously announced purchase of certain oil and natural gas mineral and royalty assets from Buckhorn Resources GP, LLC and certain of its affiliates (collectively, "Buckhorn Resources") for 2,169,348 newly issued units in Kimbell Royalty Operating, LLC valued at approximately $36.3 million (the "Acquisition"). Kimbell is entitled to the cash flow from production attributable to the Acquisition beginning on and after July 1, 2019, but only cash flow from production attributable to the Acquisition beginning on or after October 1, 2019 will be available for distribution to Kimbell's unitholders. Revenues and certain other operating statistics under generally accepted accounting principles will be recorded for the Acquisition beginning on the closing date of December 12, 2019.

  • PR Newswire

    Kimbell Royalty Partners Announces $31.8 Million Acquisition of Mineral and Royalty Assets from Buckhorn Resources in an All-Equity Transaction

    FORT WORTH, Texas, Nov. 12, 2019 /PRNewswire/ -- Kimbell Royalty Partners, LP (KRP) ("Kimbell Royalty Partners" or "Kimbell"), a leading owner of oil and natural gas mineral and royalty interests in more than 92,000 gross producing wells across 28 states, today announced that it has agreed to acquire certain mineral and royalty assets from Buckhorn Resources GP, LLC and certain of its affiliates (collectively, "Buckhorn Resources") for approximately $31.8 million (the "Acquisition") in a 100% equity transaction.

  • PR Newswire

    Kimbell Royalty Partners Announces Record Third Quarter 2019 Results

    Record High Production Exceeds High End of Q3 2019 Production Guidance Raises Q4 2019 Production Guidance FORT WORTH, Texas, Nov. 7, 2019 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell ...

  • Kimbell Royalty Partners Announces Third Quarter 2019 Distribution
    PR Newswire

    Kimbell Royalty Partners Announces Third Quarter 2019 Distribution

    FORT WORTH, Texas, Oct. 25, 2019 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell"), a leading owner of oil and natural gas mineral and royalty interests in more than 92,000 ...

  • Kimbell Royalty Partners Announces Timing of Third Quarter 2019 Earnings Release and Conference Call
    PR Newswire

    Kimbell Royalty Partners Announces Timing of Third Quarter 2019 Earnings Release and Conference Call

    FORT WORTH, Texas, Oct. 2, 2019 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell"), a leading owner of oil and natural gas mineral and royalty interests in more than 92,000 ...

  • PR Newswire

    Kimbell Royalty Partners to Participate in the UBS Houston Energy Bus Tour and Credit Suisse Minerals Conference in New York

    FORT WORTH, Texas, Sept. 17, 2019 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell"), a leading owner of oil and natural gas mineral and royalty interests in more than 92,000 ...

  • PR Newswire

    Kimbell Royalty Partners Announces Record Second Quarter 2019 Results

    FORT WORTH, Texas, Aug. 8, 2019 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell Royalty Partners" or "Kimbell"), a leading owner of oil and natural gas mineral and ...

  • PR Newswire

    Kimbell Royalty Partners Announces Second Quarter 2019 Distribution

    FORT WORTH, Texas, July 26, 2019 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell"), a leading owner of oil and natural gas mineral and royalty interests in more than 92,000 ...