Kimbell Royalty Stock Price, News & Analysis

Kimbell Royalty Partners, LP (NYSE: KRP), a major oil and gas mineral owner, declared a cash distribution of $0.31 per common unit for Q2 2021. This payment represents 75% of the projected cash available for distribution and will be distributed on August 9, 2021. Kimbell plans to allocate the remaining 25% to reduce outstanding borrowings, totaling about $30.6 million since May 2020. The average WTI crude oil price increased by 14.4% to $66.09, while natural gas prices decreased by 17.4% to $2.94.

Kimbell Royalty Partners, LP (NYSE: KRP) will release its second quarter 2021 financial results on August 5, 2021, before market opening. A live conference call will follow at 10:00 a.m. Central that same day. Investors can access the call by dialing 201-389-0869 or via webcast on Kimbell's Investor Relations website. Kimbell is known for its extensive mineral and royalty interests across more than 97,000 gross wells in 28 states, including over 41,000 wells in the Permian Basin.

Kimbell Royalty Partners (NYSE: KRP) announced its participation in the Stifel 2021 Virtual Cross Sector Insight Conference, scheduled for June 9, 2021. The company, known for its extensive ownership of oil and natural gas mineral and royalty interests, operates over 97,000 gross wells across 28 states. Based in Fort Worth, Texas, Kimbell holds mineral rights in over 13 million acres and has a significant presence in the Permian Basin with over 41,000 wells. For more information, visit kimbellrp.com.

Kimbell Royalty Partners, LP (NYSE: KRP) reported its Q1 2021 financial results, highlighting a daily production of 13,721 Boe and a revenue increase of 40% from Q4 2020, totaling $36.4 million. Net income was approximately $537,000, improving from a significant loss in the previous quarter. The company announced a cash distribution of $0.27 per unit, a 42% increase, reflecting a 9.4% annualized yield. A detailed portfolio review revealed 10,160 gross drilling locations, projecting 15 years of inventory and an active rig count increase of 26%.

Kimbell Royalty Partners (NYSE: KRP) announced a cash distribution of $0.27 per common unit for Q1 2021, amounting to 75% of projected cash available for distribution. This payment is scheduled for May 10, 2021, to unitholders on record by May 3, 2021. The company aims to allocate the remaining 25% to reduce its credit facility borrowings, totaling approximately $25 million paid down since May 2020. The average crude oil price rose 36.1% to $57.79 per barrel, while natural gas prices increased 40.7% to $3.56 per MMBtu.

Kimbell Royalty Partners, LP (NYSE: KRP) will release its first quarter 2021 financial results on May 6, 2021, before market open. A conference call is scheduled for 10:00 a.m. Central on the same day, available via phone and webcast. Kimbell also announced participation in the UBS Global Oil and Gas Virtual Conference on March 26, 2021 and the World Oilman's Mineral and Royalty Conference on April 19-20, 2021. Kimbell owns interests in over 97,000 gross wells across the U.S.

Kimbell Royalty Partners (NYSE: KRP) announced the filing of its Annual Report on Form 10-K for the fiscal year ending December 31, 2020, with the U.S. SEC. The report details Kimbell's ownership of mineral and royalty interests across over 13 million acres and more than 97,000 wells in 28 states, including over 41,000 in the Permian Basin. The Annual Report, containing audited financial statements, is accessible on Kimbell's website and the SEC's site. Investors may obtain a hard copy by contacting Kimbell's investor relations.

Kimbell Royalty Partners (NYSE: KRP) reported its Q4 2020 results, posting a daily production of 14,062 Boe, with revenues of $25.9 million, a 6% increase from Q3 2020. The net loss for Q4 was $93.8 million due to a non-cash impairment expense of $92.9 million. The company actively drilled 39 rigs, achieving a 30% increase in drilling activity compared to Q3. Kimbell amended its credit facility, raising commitments by 18%. A Q4 cash distribution of $0.19 per common unit reflects a 75% payout ratio. The company anticipates stable production for 2021 and focuses on strategically consolidating in the oil and gas royalty sector.

On January 22, 2021, Kimbell Royalty Partners (NYSE: KRP) announced a fourth-quarter 2020 cash distribution of $0.19 per common unit, representing 75% of projected cash available for distribution. The payment will be issued on February 8, 2021, to unitholders of record by February 1, 2021. Additionally, Kimbell plans to allocate 25% of the cash for distribution to reduce outstanding borrowings, having previously paid down $21.2 million in 2020. The average crude oil price was reported at $42.45, a 3.8% increase, while natural gas prices rose 26.5% to $2.53.