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Kimbell Royalty Partners LP - KRP STOCK NEWS

Welcome to our dedicated news page for Kimbell Royalty Partners LP (Ticker: KRP), a resource for investors and traders seeking the latest updates and insights on Kimbell Royalty Partners LP.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Kimbell Royalty Partners LP's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Kimbell Royalty Partners LP's position in the market.

News
Kimbell Royalty Partners Announces Date for First Quarter 2024 Earnings Release and Conference Call
Rhea-AI Summary
Kimbell Royalty Partners, LP (NYSE: KRP) announced the release of its first quarter 2024 financial results and distribution declaration on May 2, 2024. The company owns oil and natural gas mineral and royalty interests in over 129,000 wells across 28 states.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.58%
Tags
earnings
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News
Kimbell Royalty Partners Announces Filing of 2023 Annual Report on Form 10-K
Rhea-AI Summary
Kimbell Royalty Partners, LP (NYSE: KRP) has filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2023, showcasing its strong presence in oil and natural gas mineral and royalty interests across 28 states.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.91%
Tags
none
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News
Kimbell Royalty Partners Announces Record Fourth Quarter and Full Year 2023 Results
Rhea-AI Summary
Kimbell Royalty Partners, LP (NYSE: KRP) reported record Q4 2023 production exceeding guidance, robust activity with 98 active rigs, and a superior PDP decline rate. Financially, they saw revenue growth, increased EBITDA, and a conservative balance sheet. The company announced a cash distribution and provided full-year 2024 guidance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
earnings
News
Kimbell Royalty Partners Announces Date for Fourth Quarter 2023 Earnings Release and Conference Call
Rhea-AI Summary
Kimbell Royalty Partners, LP (NYSE: KRP) will release its fourth quarter 2023 financial results on February 21, 2024, before the market opens, and declare its fourth quarter 2023 distribution. The company owns oil and natural gas mineral and royalty interests in over 127,000 gross wells across 28 states.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.26%
Tags
earnings
-
News
Kimbell Royalty Partners Announces Increase in Borrowing Base and Elected Commitments from $400 Million to $550 Million
Rhea-AI Summary
Kimbell Royalty Partners, LP (NYSE: KRP) announced a 37.5% increase in borrowing base and total commitments under its revolving credit facility, from $400 million to $550 million. The company's undrawn capacity would have been $239.6 million as of September 30, 2023. This enhancement provides Kimbell with greater flexibility and liquidity, reflecting significant growth over the last year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.28%
Tags
none
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News
Kimbell Royalty Partners Announces Record Third Quarter 2023 Results
Rhea-AI Summary
Kimbell Royalty Partners, LP (NYSE: KRP) announced record Q3 2023 run-rate daily production of 23,531 Boe/d, a 21.5% increase in oil, natural gas, and NGL revenues compared to Q2 2023, and a Q3 2023 net income of $18.5 million. The company also reported a record market share of the U.S. land rig count at 17% and boosted its Q4 2023 production guidance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.86%
Tags
earnings
News
Kimbell Royalty Partners Announces Date for Third Quarter 2023 Earnings Release and Conference Call
Rhea-AI Summary
Kimbell Royalty Partners, LP (NYSE: KRP) will release its Q3 2023 financial results on November 2, 2023, and declare its Q3 2023 distribution. Conference call scheduled on the same day at 10:00 a.m. Central.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.06%
Tags
earnings
-
News
Kimbell Royalty Partners Closes $455 Million Acquisition of Permian and Mid-Con Mineral and Royalty Interests in Cash Transaction
Rhea-AI Summary
Kimbell Royalty Partners, LP has closed the purchase of mineral and royalty interests for $455 million. The Acquired Assets are estimated to produce approximately 4,840 Boe/d as of June 1, 2023, and 5,049 Boe/d for the full year 2024. The assets are concentrated in the Permian Basin (64% of reserve value) and Mid-Continent (36% of reserve value).
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.63%
Tags
acquisition
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News
Kimbell Royalty Partners, LP Announces Pricing of Upsized Public Offering of Common Units
Rhea-AI Summary
Kimbell Royalty Partners, LP (KRP) announced a public offering of 7,250,000 common units at $14.00 per unit, with expected gross proceeds of approximately $101.5 million. The offering is intended to fund the repayment of outstanding borrowings and the pending acquisition of oil and natural gas mineral and royalty interests. The company plans to use the net proceeds for general partnership purposes and potential redemption of its Series A Cumulative Convertible Preferred Units.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8%
Tags
offering
News
Kimbell Royalty Partners, LP Announces Public Offering of Common Units
Rhea-AI Summary
Kimbell Royalty Partners, LP (NYSE: KRP) has announced an underwritten public offering of 6,000,000 common units. The company may grant the underwriters an option to purchase up to 900,000 additional common units. The net proceeds will be used to repay outstanding borrowings and fund the pending acquisition of oil and natural gas mineral and royalty interests. Citigroup and BofA Securities are acting as lead book-running managers for the offering.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8%
Tags
offering
Stock KRP logo
Kimbell Royalty Partners LP

NYSE:KRP

KRP Rankings

#2278 Ranked by Market Cap
N/A Ranked by Stock Gains
#153 Ranked by Dividends

KRP Stock Data

1.67B
64.51M
5.97%
42.62%
1.78%
Crude Petroleum and Natural Gas Extraction
Mining, Quarrying, and Oil and Gas Extraction
Link
US
Fort Worth

About KRP

kimbell royalty partners, lp (nyse: krp) is an oil and gas mineral and royalty variable rate master limited partnership based in fort worth, texas. krp is managed by its general partner, kimbell royalty gp, llc, and owns mineral and royalty interests in approximately 5.7 million gross acres in 20 states and in nearly every major onshore basin in the continental united states, including ownership in more than 50,000 gross producing wells with over 29,000 wells in the permian basin.