Kimbell Royalty Stock Price, News & Analysis

Kimbell Royalty Partners (NYSE: KRP) filed its Annual Report on Form 10-K for the fiscal year ending December 31, 2021, with the SEC. The report is accessible via Kimbell's website and the SEC's platform. Kimbell owns mineral and royalty interests in over 16 million gross acres across 28 states, with significant holdings in the Permian Basin, comprising more than 46,000 wells. Investors can request a hard copy of the Annual Report, including audited financial statements, for free by contacting Kimbell Investor Relations.

Kimbell Royalty Partners (NYSE: KRP) reported strong Q4 2021 results, achieving a record net income of approximately $30.7 million and revenue of $55.7 million, largely driven by improved commodity prices. The company's daily production reached 14,023 Boe, with a full impact of the recent acquisition raising this to 14,521 Boe. Kimbell announced a cash distribution of $0.37 per common unit and redeemed remaining preferred units, enhancing its capital structure. Additionally, it has a strong operational position with 61 rigs active, a debt-to-EBITDA ratio of 1.7x, and plans for strategic growth in 2022.

Kimbell Royalty Partners (NYSE: KRP) announced a cash distribution of $0.37 per common unit for Q4 2021, representing 75% of projected cash available for distribution. This payout will be made on February 7, 2022 to unitholders of record as of January 31, 2022. The remaining 25% will be used to pay down debt, contributing to a total pay down of approximately $44.5 million since May 2020. Kimbell's mineral and royalty interests cover over 13 million acres across 28 states with ownership in more than 122,000 wells.

Kimbell Royalty Partners (NYSE: KRP) announced a cash distribution of $0.37 per common unit for Q4 2021, representing 75% of the projected cash available for distribution. This payment is scheduled for February 7, 2022, to unitholders on record as of January 31, 2022. Kimbell will allocate the remaining 25% to reduce borrowings under its credit facility, having already reduced its debt by approximately $44.5 million since May 2020. Kimbell owns interests in over 122,000 wells across 28 states, emphasizing its robust position in the oil and gas sector.

Kimbell Royalty Partners, LP (NYSE: KRP) announced its fourth quarter 2021 financial results will be released on February 24, 2022, before market opening. A conference call is scheduled for the same day at 10:00 a.m. Central to discuss the results, which will be broadcast live online. Kimbell, based in Fort Worth, Texas, owns mineral and royalty interests across over 13 million acres in 28 states, including more than 121,000 gross wells and 46,000 wells in the Permian Basin.

Kimbell Royalty Partners (NYSE: KRP) has completed its acquisition of mineral and royalty interests for approximately $57 million. The transaction was financed through a public offering of common units and borrowings. Kimbell expects the acquisition to start generating cash flow from November 1, 2021, with production rates of 700 Boe/d from over 26,000 wells. Additionally, the company redeemed all 25,000 Series A Preferred Units, enhancing its balance sheet and reducing capital costs. The acquisition is anticipated to boost distributable cash flow per unit.

Kimbell Royalty Partners, LP (NYSE: KRP) announced the pricing of its public offering of 3,750,000 common units at $14.00 each, totaling approximately $52.5 million in gross proceeds. The offering is set to close on November 15, 2021. Proceeds will be used to fund a cash purchase for the acquisition of oil and natural gas mineral interests and to repay borrowings under its revolving credit facility. An option for underwriters to purchase an additional 562,500 units is also included.

Kimbell Royalty Partners, LP (NYSE: KRP) has initiated a public offering of 3,750,000 common units, with a potential overallotment option for an additional 562,500 units. The proceeds will partially fund a pending acquisition of oil and natural gas interests and cover related expenses. Any remaining funds will be used to repay borrowings under its credit facility. The offering is managed by Citigroup and Raymond James. Kimbell holds mineral and royalty interests across 13 million gross acres in the U.S., significantly enhancing its asset portfolio.

Kimbell Royalty Partners, LP (NYSE: KRP) has announced a $57 million cash acquisition of mineral and royalty interests from an undisclosed seller, set to close in Q4 2021. The acquired assets produced 700 Boe/d as of November 1, 2021, and include over 26,000 gross producing wells across major U.S. basins, enhancing Kimbell's production to 14,783 Boe/d. The acquisition is expected to be immediately accretive to cash flow per unit and supports Kimbell's strategy of consolidating its mineral and royalty interests. The transaction financing will involve an underwritten public offering and borrowings from a credit facility.