Welcome to our dedicated page for Kimbell Royalty news (Ticker: KRP), a resource for investors and traders seeking the latest updates and insights on Kimbell Royalty stock.
Kimbell Royalty Partners, LP (NYSE: KRP) is an oil and gas mineral and royalty company based in Fort Worth, Texas, with interests in over 17 million gross acres and more than 130,000 gross wells across 28 states. The KRP news feed on Stock Titan aggregates company‑specific announcements, earnings releases and operational updates drawn from Kimbell’s own disclosures and SEC‑related news.
Investors following KRP news can review quarterly and annual financial results, including run‑rate daily production in barrels of oil equivalent, commodity price realizations, and non‑GAAP metrics such as consolidated Adjusted EBITDA and cash available for distribution. Kimbell’s releases also describe its quarterly cash distributions to common unitholders, payout ratios and the portion of cash available for distribution allocated to debt repayment under its secured revolving credit facility.
Because Kimbell’s portfolio spans every major onshore oil and natural gas basin in the continental United States, its news often highlights activity on its acreage, including the number of rigs actively drilling, drilled but uncompleted wells (DUCs), permitted locations and basin‑level inventories. The company also reports on acquisitions of mineral and royalty interests, changes to its borrowing base and commitments under its reserve‑based credit facility, and adjustments to its capital structure such as preferred unit redemptions.
In addition, KRP news items provide details on Kimbell’s hedging program, including fixed price swaps for oil and natural gas volumes, and link to updated investor presentations posted on its investor relations site. For readers seeking ongoing insight into how this mineral and royalty partnership reports its performance, capital decisions and asset development trends, the KRP news page offers a centralized view of its public communications over time.
Kimbell Royalty Partners announced its Q3 2024 results. Key highlights include:
Daily production of 23,846 Boe/d, $71.1 million in oil, natural gas, and NGL revenues, and a net income of $25.8 million. The company declared a cash distribution of $0.41 per common unit, reflecting a 10% annualized yield.
Kimbell's major properties had 5.13 net DUCs and 2.71 net permitted locations, with 90 active rigs representing 16% of the U.S. land rig count. The company reported a 34% increase in net DUCs, led by the Permian Basin. Lease bonuses hit record highs, indicating increased operator activity. Adjusted EBITDA was $63.1 million.
As of September 30, 2024, Kimbell had $252.2 million in debt and a net debt to trailing twelve month Adjusted EBITDA ratio of 0.8x. The company had $297.8 million in undrawn credit capacity. Kimbell affirmed its 2024 guidance and noted that approximately 100% of the Q3 distribution is expected to be considered a return of capital for tax purposes.
Kimbell Royalty Partners, LP (NYSE: KRP), a leading owner of oil and natural gas mineral and royalty interests, has announced the date for its third quarter 2024 earnings release and conference call. The company will release its financial results on Thursday, November 7, 2024, before the market opens. Kimbell will also declare its third quarter 2024 distribution concurrently with the earnings release.
A conference call is scheduled for the same day at 10:00 a.m. Central (11:00 a.m. Eastern). Investors can participate by phone by dialing 201-389-0869 at least 10 minutes before the call. A replay will be available through November 14th by dialing 201-612-7415 and using the conference ID: 13748350#. Alternatively, investors can connect to the webcast via the Events and Presentations page of Kimbell's Investor Relations website.
Kimbell Royalty Partners (NYSE: KRP) reported strong Q2 2024 results, with run-rate daily production of 24,110 Boe/d, exceeding guidance midpoint. The company announced a cash distribution of $0.42 per common unit, representing a 10.2% annualized yield. Key highlights include:
- Q2 2024 oil, natural gas, and NGL revenues of $77.0 million
- Net income of $15.2 million
- Consolidated Adjusted EBITDA of $65.8 million
- Record low cash G&A per BOE of $2.34
- 91 active rigs drilling on Kimbell's acreage, representing 16.3% market share of U.S. land rigs
- Conservative balance sheet with Net Debt to TTM Consolidated Adjusted EBITDA of 0.9x
Kimbell maintains a strong operational position with 7.96 net DUCs and permitted locations, well above the 5.8 net wells needed to maintain flat production.
Kimbell Royalty Partners (NYSE: KRP) announced that it will release its second quarter 2024 financial results on August 1, 2024, before market open. Concurrently, Kimbell will declare its second quarter 2024 distribution.
The company, which holds oil and natural gas mineral and royalty interests in over 129,000 wells across 28 states, will host a conference call at 10:00 a.m. Central (11:00 a.m. Eastern) on the same day. Interested parties can join the call by dialing 201-389-0869 or accessing the webcast via Kimbell's Investor Relations website. Replay of the call will be available until August 9, 2024.
Kimbell Royalty Partners (NYSE: KRP) announced the passing of Ben J. Fortson, a board member with nearly 60 years of experience in the oil and gas industry.
Fortson was President and CEO of Fortson Oil Company since 1986 and served as Chief Investment Officer and Executive Vice President of the Kimbell Art Foundation since 1975. He began investing in oil and natural gas minerals and royalties in the late 1990s on behalf of the Kimbell Art Foundation, which was a significant sponsor of Kimbell Royalty Partners.
Fortson played a important role in the creation of Kimbell Royalty Partners, from its initial public offering in February 2017 to his tenure as a board member until 2024. His contributions, including his investing skills and vision, were key to the company's success.
Chairman and CEO Robert Ravnaas expressed deep sadness at Fortson's passing, highlighting his wise counsel, sense of humor, and friendship.
Kimbell Royalty Partners (NYSE: KRP) announced record first-quarter 2024 results with impressive daily production, revenue, and EBITDA figures. The company achieved a 1.4% increase in production and a 4.2% increase in revenue from Q4 2023. Kimbell also reported a Q1 2024 cash distribution of $0.49 per common unit and a conservative balance sheet with low debt levels. The company affirms its financial and operational guidance for 2024, reflecting confidence in the industry and long-term shareholder value.
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