STOCK TITAN

Kimbell Royalty Partners, LP Common Units representing Limited Partner Interests - $KRP STOCK NEWS

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

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 Common Units representing Partner Interests'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 Common Units representing Partner Interests's position in the market.

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
-
Rhea-AI Summary
Kimbell Royalty Partners, LP (KRP) has announced the acquisition of oil and gas mineral and royalty interests in a cash transaction valued at approximately $455 million. The acquired assets are expected to immediately increase the company's daily production and decrease cash G&A per Boe. The Permian Basin represents approximately 64% of the reserve value, with the Mid-Continent making up the remaining 36%. Kimbell estimates that, as of June 1, 2023, the acquired assets produce approximately 4,840 Boe/d. The Acquisition is expected to close in the third quarter of 2023, subject to customary closing conditions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.66%
Tags
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.34%
Tags
Rhea-AI Summary
Kimbell Royalty Partners, LP (NYSE: KRP) has announced the early release of its second quarter 2023 financial results and distribution declaration, scheduled for August 2, 2023. The company also plans to hold a conference call on the same day at 10:00 a.m. Central time, with both phone and webcast options available for participation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.72%
Tags
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.42%
Tags
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.35%
Tags
none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.35%
Tags
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.94%
Tags
none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.63%
Tags
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.55%
Tags
Kimbell Royalty Partners, LP Common Units representing Limited Partner Interests

NYSE:KRP

KRP Rankings

KRP Stock Data

1.17B
64.51M
5.97%
42.62%
1.78%
Crude Petroleum and Natural Gas Extraction
Mining, Quarrying, and Oil and Gas Extraction
Link
United States of America
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.