Kimbell Royalty Partners, LP (KRP)
| Market Cap | 1.52B |
| Revenue (ttm) | 325.01M |
| Net Income (ttm) | 38.73M |
| Shares Out | 95.49M |
| EPS (ttm) | 0.52 |
| PE Ratio | 30.68 |
| Forward PE | 19.34 |
| Dividend | $1.75 (10.97%) |
| Ex-Dividend Date | Nov 18, 2024 |
| Volume | 518,276 |
| Open | 15.95 |
| Previous Close | 15.98 |
| Day's Range | 15.89 - 16.04 |
| 52-Week Range | 14.40 - 17.07 |
| Beta | 1.09 |
| Analysts | Buy |
| Price Target | 19.50 (+22.26%) |
| Earnings Date | Feb 27, 2025 |
About KRP
Kimbell Royalty Partners, LP, together with its subsidiaries, engages in acquiring and owning mineral and royalty interests in oil and natural gas properties in the United States. It serves as the general partner of the company. The company was incorporated in 2015 and is based in Fort Worth, Texas. [Read more]
Financial Performance
In 2023, KRP's revenue was $273.18 million, a decrease of -4.16% compared to the previous year's $285.04 million. Earnings were $61.71 million, a decrease of -34.71%.
Financial StatementsAnalyst Forecast
According to 4 analysts, the average rating for KRP stock is "Buy." The 12-month stock price forecast is $19.5, which is an increase of 22.26% from the latest price.
News
Kimbell Royalty Partners Closes $230 Million Acquisition of Midland Basin Mineral and Royalty Interests in Cash Transaction
FORT WORTH, Texas , Jan. 17, 2025 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell" or the "Company"), a leading owner of oil and gas mineral and royalty interests in over 17 million...
Kimbell Royalty Partners: Midland Basin Acquisition May Boost Oil Production By 15%
Kimbell is acquiring Midland Basin royalty interests for $231 million. The seller is getting paid mostly with cash, but KRP is also issuing shares via a public offering to limit the increase in its de...
Kimbell Royalty Partners, LP Announces Pricing of Upsized Public Offering of Common Units
FORT WORTH, Texas , Jan. 7, 2025 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell") today announced the pricing of its upsized public offering of 10,000,000 common units representing...
Kimbell Royalty Partners, LP Announces Public Offering of Common Units
FORT WORTH, Texas , Jan. 7, 2025 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell") today announced that it has commenced an underwritten public offering of 9,000,000 common units re...
Kimbell Royalty Partners, LP Announces $231 Million Midland Basin Acquisition in Cash and Unit Transaction(1)
Oil and natural gas royalty interests located under the prolific Mabee Ranch in the Core of the Midland Basin on over 68,000 gross acres HIGHLIGHTS Expected to be immediately accretive to distributabl...
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Kimbell Royalty Partners Announces Date for Fourth Quarter 2024 Earnings Release and Conference Call
FORT WORTH, Texas, Dec. 19, 2024 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell"), a leading owner of oil and natural gas mineral and royalty interests in more than 129,000 gross w...
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Kimbell Royalty Partners: New Permian Wells Should Boost Production And Oil Cut
Kimbell's Q3 2024 production and oil cut modestly declined compared to Q2 2024. KRP still declared a $0.41 per unit distribution, helped by hedges and lease bonus income. Kimbell had a high number of ...
My Favorite Dividend Stocks For The 'New World Order'
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Kimbell Royalty Partners Announces Participation at Upcoming Investor Conferences
FORT WORTH, Texas, Nov. 11, 2024 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell" or the "Company"), a leading owner of oil and natural gas mineral and royalty interests in over 12...
Kimbell Royalty Partners, LP (KRP) Q3 2024 Earnings Call Transcript
Kimbell Royalty Partners, LP (NYSE:KRP) Q3 2024 Earnings Conference Call November 7, 2024 11:00 AM ET Company Participants Rick Black – IR Bob Ravnaas - Chairman & CEO Davis Ravnaas - President & CFO...
Kimbell Royalty Partners Announces Third Quarter 2024 Results
Q3 2024 Run-Rate Daily Production of 23,846 Boe/d (6:1) Activity on Acreage Remains Robust with 90 Active Rigs Drilling Representing 16% 1 Market Share of U.S. Land Rig Count Net Drilled But Uncomple...
2 Fat Dividends To Buy And Hold For Decades
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Kimbell Royalty Partners May Redeem Preferred Units To Reduce Future Potential Dilution
Kimbell's run-rate production continues to track above the midpoint of its guidance. There were some minor declines in its run-rate production and line-of-sight wells in Q2 2024 compared to Q1 2024, t...
Kimbell Royalty Partners Announces Date for Third Quarter 2024 Earnings Release and Conference Call
FORT WORTH, Texas , Sept. 25, 2024 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell"), a leading owner of oil and natural gas mineral and royalty interests in more than 129,000 gross...
9% Yield At $70 WTI - The Power Of Kimbell Royalty Partners
Kimbell Royalty Partners offers a compelling high yield, benefiting from rising oil and gas prices without production costs, making it an attractive income investment. KRP's diversified portfolio span...
The Fed's Bold Move: Why NOW Is The Time To Load Up On Dividend Stocks
The Fed surprised markets with a 50 basis point rate cut, signaling a focus on economic growth over inflation. Projections show rates falling to 3% in the coming years. Despite sticky inflation, the F...
Kimbell Royalty Partners: The Case Of Sound 10%+ Yield Remains Intact
On a YTD basis, Kimbell Royalty Partners has delivered total returns of ~15% from which the price appreciation component explains only 5%. However, during this time, including based on the recently ci...
Kimbell Royalty Partners, LP (KRP) Q2 2024 Earnings Call Transcript
Kimbell Royalty Partners, LP (NYSE:KRP) Q2 2024 Results Conference Call August 1, 2024 11:00 AM ET Company Participants Rick Black - IR Bob Ravnaas - Chairman & CEO Davis Ravnaas - President & CFO Ma...
Kimbell Royalty Partners Announces Second Quarter 2024 Results
Q2 2024 Run-Rate Daily Production of 24,110 Boe/d (6:1) Exceeds Mid-Point of Guidance Activity on Acreage Remains Robust with 91 Active Rigs Drilling Representing 16% 1 Market Share of U.S. Land Rig ...