Rivercrest group named 10% Kimbell Royalty owner
Kimbell Royalty Partners, LP (KRP) received an initial ownership report from several Rivercrest- and Cupola-affiliated entities as ten percent owners.
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Form Type
3
Rhea-AI Filing Summary
Kimbell Royalty Partners, LP (KRP) received an initial ownership report from several Rivercrest- and Cupola-affiliated entities as ten percent owners. The filing lists indirect holdings of OpCo Common Units and matching Class B Units, which have no economic rights but each provide one vote and, together with an equivalent number of OpCo Common Units, are exchangeable on a one-for-one basis into Common Units or, at OpCo’s election, for cash.
Reported indirect positions include 8,000,179 OpCo Common Units and 8,000,179 Class B Units held via Rivercrest Capital Partners LP, 4,075,500 of each via Rivercrest Capital Partners II LP, and 500,880 of each via Cupola Royalty Direct LLC, with related general partners (RCP GP, RCP II GP and Cupola GP) deemed to share beneficial ownership.
Insights
Analyzing...
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
Rivercrest Capital GP LLC, Rivercrest Capital Partners LP, Rivercrest Capital Partners II LP, Rivercrest Capital II GP, LLC, Cupola Royalty Direct, LLC, Rivercrest Cupola LLC
Role
10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | OpCo Common Units F1, F2 | -- | -- | -- |
| holding | OpCo Common Units F1, F3 | -- | -- | -- |
| holding | OpCo Common Units F1, F4 | -- | -- | -- |
| holding | Class B Units F1, F2 | -- | -- | -- |
| holding | Class B Units F1, F3 | -- | -- | -- |
| holding | Class B Units F1, F4 | -- | -- | -- |
Holdings After Transaction:
OpCo Common Units — 8,000,179 contracts (Indirect, By Rivercrest Capital Partners LP);
OpCo Common Units — 4,075,500 contracts (Indirect, By Rivercrest Capital Partners II LP);
OpCo Common Units — 500,880 contracts (Indirect, By Cupola Royalty Direct LLC);
Class B Units — 8,000,179 shares (Indirect, By Rivercrest Capital Partners LP);
Class B Units — 4,075,500 shares (Indirect, By Rivercrest Capital Partners II LP);
Class B Units — 500,880 shares (Indirect, By Cupola Royalty Direct LLC)
Footnotes (4)
- F1. The Class B units ("Class B Units") representing limited partner interests in Kimbell Royalty Partners, LP (the "Issuer") have no economic rights, but each entitles the holder thereof to one vote on all matters to be voted on by unitholders of the Issuer generally. Class B Units, together with an equivalent number of common units ("OpCo Common Units") representing limited liability company interests in Kimbell Royalty Operating, LLC ("OpCo"), are exchangeable from time to time by holders thereof for common units ("Common Units") representing limited partner interests in the Issuer on a one-for-one basis or, at OpCo's election, for cash.
- F2. Rivercrest Capital GP LLC ("RCP GP") is the general partner of Rivercrest Capital Partners LP ("RCP") and may be deemed to share beneficial ownership of the the Opco Units and Class B Units owned by RCP.
- F3. Rivercrest Capital GP II LLC ("RCP II GP") is the general partner of Rivercrest Capital Partners II LP ("RCP II") and may be deemed to share beneficial ownership of the the Opco Units and Class B Units owned by RCP II.
- F4. Rivercrest Cupola LLC ("Cupola GP") is the general partner of Cupola Royalty Direct LLC ("Cupola") and may be deemed to share beneficial ownership of the the Opco Units and Class B Units owned by RCP.
Key Figures
OpCo Common Units held via Rivercrest Capital Partners LP: 8,000,179 units
OpCo Common Units held via Rivercrest Capital Partners II LP: 4,075,500 units
OpCo Common Units held via Cupola Royalty Direct LLC: 500,880 units
+3 more
6 metrics
OpCo Common Units held via Rivercrest Capital Partners LP
8,000,179 units
Total OpCo Common Units indirectly owned following the reported holdings
OpCo Common Units held via Rivercrest Capital Partners II LP
4,075,500 units
Total OpCo Common Units indirectly owned following the reported holdings
OpCo Common Units held via Cupola Royalty Direct LLC
500,880 units
Total OpCo Common Units indirectly owned following the reported holdings
Class B Units held via Rivercrest Capital Partners LP
8,000,179 units
Class B Units indirectly owned; have voting but no economic rights
Class B Units held via Rivercrest Capital Partners II LP
4,075,500 units
Class B Units indirectly owned; paired with OpCo Common Units
Class B Units held via Cupola Royalty Direct LLC
500,880 units
Class B Units indirectly owned; paired with OpCo Common Units
Key Terms
Class B Units, OpCo Common Units, Common Units, beneficial ownership, +1 more
5 terms
Class B Units financial
"The Class B units ("Class B Units") representing limited partner interests"
OpCo Common Units financial
"common units ("OpCo Common Units") representing limited liability company"
Common Units financial
"for common units ("Common Units") representing limited partner interests"
Common units are the basic ownership stakes in a company, limited partnership, or trust that function like common stock: they give holders a claim on profits and often voting rights. Think of them as the ordinary seats at a table—the most directly affected by the business’s success or failure, so they typically offer higher upside but carry greater risk than preferred claims or creditors, which matters to investors evaluating potential return and safety.
beneficial ownership financial
"may be deemed to share beneficial ownership of the the Opco Units"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
limited partner interests financial
"Class B units ("Class B Units") representing limited partner interests"
An investor's ownership stake in a limited partnership that gives them rights to a share of profits and losses but not day-to-day control over the business, similar to being a silent partner in a project. For investors this matters because it defines how they earn returns, how much risk and liability they carry, and how easy it is to sell their position — all key factors when valuing and comparing investments.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does Form 3 disclose about Rivercrest’s stake in KRP?
The filing lists indirect holdings of 8,000,179 OpCo Common Units and 8,000,179 Class B Units held through Rivercrest Capital Partners LP, with Rivercrest Capital GP LLC deemed to share beneficial ownership of those units.
What is Cupola Royalty Direct LLC’s reported position in KRP?
Cupola Royalty Direct LLC is reported to hold 500,880 OpCo Common Units and 500,880 Class B Units, with Rivercrest Cupola LLC described as its general partner and deemed to share beneficial ownership of these units.
What rights do KRP Class B Units provide?
Class B Units have no economic rights but each provides one vote on matters submitted to unitholders. Together with an equivalent number of OpCo Common Units, they are exchangeable one-for-one into Common Units of Kimbell Royalty Partners, LP or, at OpCo’s election, for cash.
Are the reported Rivercrest and Cupola interests direct or indirect in KRP?
All reported positions are indirect holdings, held through entities such as Rivercrest Capital Partners LP, Rivercrest Capital Partners II LP, and Cupola Royalty Direct LLC, with their respective general partners deemed to share beneficial ownership.
AI-generated analysis. How Rhea-AI works. Not financial advice.
