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.
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Kimbell Royalty Partners (NYSE: KRP) has announced an acquisition of mineral and royalty interests from MB Minerals, a subsidiary of Sabalo Holdings, for approximately
Kimbell Royalty Partners (NYSE: KRP) will release its first quarter 2023 financial results on May 3, 2023, before the market opens. The company will also declare its first quarter distribution at that time. Following the earnings announcement, Kimbell has scheduled a conference call on the same day at 10:00 a.m. Central (11:00 a.m. Eastern), which will be broadcast live over the internet. Kimbell holds oil and natural gas mineral and royalty interests across more than 124,000 gross wells in 28 states, with significant ownership in the Permian Basin. Investors can connect via Kimbell's Investor Relations website for the webcast.
Kimbell Royalty Partners (KRP) has filed its Annual Report on Form 10-K for the fiscal year ending December 31, 2022, with the SEC. This report is accessible on Kimbell's website and the SEC's site. As a prominent player in the oil and gas sector, Kimbell owns mineral and royalty interests across 16 million gross acres in 28 states, including over 124,000 gross wells, with a significant presence in the Permian Basin. Investors can request a hard copy of the Annual Report, including audited financial statements, at no cost.
Kimbell Royalty Partners, LP (NYSE: KRP) reported record revenues of $64.4 million in Q4 2022, marking a 12.8% decline from Q3 2022 primarily due to lower commodity prices. The company's net income was approximately $35.2 million, down from $43.8 million in the previous quarter. Q4 run-rate production reached 17,176 Boe/d, supported by the acquisition of mineral interests from Hatch Royalty. The company announced a cash distribution of $0.48 per common unit and increased its credit facility to $350 million, reflecting a conservative balance sheet with a net debt to EBITDA ratio of 0.9x. Kimbell maintains positive growth expectations for 2023, projecting daily production at 17,200 Boe/d.
Kimbell Royalty Partners, LP (NYSE: KRP) announced the release date for its fourth quarter 2022 financial results, scheduled for February 23, 2023, before market opening. In this release, the company will also declare its fourth quarter distribution. A conference call will follow at 10:00 a.m. Central (11:00 a.m. Eastern), offering an opportunity for investors to engage directly with the management. Kimbell, based in Fort Worth, Texas, has significant holdings in oil and gas, owning interests in over 123,000 gross wells across 28 states.
Kimbell Royalty Partners, LP (NYSE: KRP) announced the closing of its acquisition of mineral and royalty interests from Hatch Royalty LLC, valued at approximately $270.7 million. This deal included $150.4 million in cash and 7.3 million common units worth about $120.3 million. As of October 1, 2022, the acquired assets produced about 2,072 Boe/d, with projections for 2023 at 2,522 Boe/d. The assets are primarily located in the Permian Basin, boosting Kimbell's significant mineral holdings across the U.S.
Kimbell Royalty Partners, LP (NYSE: KRP) has announced the pricing of its public offering of 6,000,000 common units at $17.75 each, generating approximately $106.5 million in gross proceeds. The offering is set to close on November 8, 2022. The funds will partially finance the acquisition of oil and natural gas interests from Hatch Royalty LLC and to repay existing revolving credit facility borrowings. Underwriters have the option to purchase an additional 900,000 units. Citigroup and Raymond James are the lead managers for this offering.
Kimbell Royalty Partners, LP (NYSE: KRP) has initiated a public offering of 5,000,000 common units, with an option for underwriters to purchase an additional 750,000 units. The proceeds will mainly fund the acquisition of mineral and royalty interests from Hatch Royalty, LLC, while also addressing outstanding debts under its revolving credit facility. Citigroup and Raymond James are leading the offering, which is conducted under an effective Form S-3 registration statement. This announcement follows a recent filing regarding the Hatch Acquisition.