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 reports developments tied to its oil and natural gas mineral and royalty interests across major U.S. onshore basins. The partnership receives royalty revenue from operators' sales of oil, natural gas and NGL production, with updates commonly addressing production, drilling activity on its acreage, basin exposure, and results from its diversified mineral and royalty portfolio.
News also covers cash distributions to common unitholders, debt repayment and secured revolving credit facility activity, common unit repurchase authorization, annual report filings, and scheduled earnings releases and conference calls.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Kimbell Royalty Partners (NYSE: KRP) has announced an acquisition of mineral and royalty interests from MB Minerals, a subsidiary of Sabalo Holdings, for approximately $143.1 million. The deal is expected to enhance Kimbell's daily production by around 1,901 Boe (77% oil) and generate estimated NTM cash flow of $43.3 million. This acquisition, concentrated in the Northern Midland Basin across 60,000 gross acres, is projected to increase Kimbell's run-rate average daily production to over 19,000 boe/d while maintaining a strong balance sheet with a net leverage of approximately 1.0x. The transaction is set to close in Q2 2023, with an effective date of April 1, 2023.