Kimbell Royalty Partners, LP (KRP)
| Market Cap | 1.29B |
| Revenue (ttm) | 248.06M |
| Net Income (ttm) | 111.93M |
| Shares Out | 88.93M |
| EPS (ttm) | 1.72 |
| PE Ratio | 8.41 |
| Forward PE | 9.60 |
| Dividend | $1.99 (13.75%) |
| Ex-Dividend Date | Mar 8, 2023 |
| Volume | 279,596 |
| Open | 14.56 |
| Previous Close | 14.56 |
| Day's Range | 14.41 - 14.81 |
| 52-Week Range | 13.85 - 20.08 |
| Beta | 1.37 |
| Analysts | Buy |
| Price Target | 22.95 (+58.6%) |
| Earnings Date | May 3, 2023 |
About KRP
Kimbell Royalty Partners, LP, together with its subsidiaries, acquires and owns mineral and royalty interests in oil and natural gas properties in the United States. As of December 31, 2021, it owned mineral and royalty interests in approximately 11.4 million gross acres and overriding royalty interests in approximately 4.7 million gross acres. The company's mineral and royalty interests are located in 28 states and include ownership in approximately 122,000 gross wells, including approximately 46,000 wells in the Permian Basin. It serves as th... [Read more]
Financial Performance
In 2022, KRP's revenue was $248.06 million, an increase of 82.91% compared to the previous year's $135.62 million. Earnings were $111.93 million, an increase of 394.93%.
Financial StatementsAnalyst Forecast
According to 11 analysts, the average rating for KRP stock is "Buy." The 12-month stock price forecast is $22.95, which is an increase of 58.60% from the latest price.
News
Kimbell Royalty Partners Announces Timing of First Quarter 2023 Earnings Release and Conference Call
FORT WORTH, Texas , March 23, 2023 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell"), a leading owner of oil and natural gas mineral and royalty interests in more than 124,000 gross...
Kimbell Royalty Partners Announces Filing of 2022 Annual Report on Form 10-K
FORT WORTH, Texas , Feb. 23, 2023 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell Royalty Partners" or "Kimbell"), a leading owner of oil and natural gas mineral and royalty interes...
Kimbell Royalty (KRP) Tops Q4 Earnings and Revenue Estimates
Kimbell Royalty (KRP) delivered earnings and revenue surprises of 65.52% and 25.34%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
Kimbell Royalty Partners Announces Record Fourth Quarter and Full Year 2022 Results
Record Full-Year Oil, Natural Gas and Natural Gas Liquids Revenue and Net Income Record Q4 22 Run-Rate Daily Production; Post-Hatch Acquisition Quarterly Production Exceeds 17,000 Boe/d (6:1) for Firs...
Analysts Estimate Kimbell Royalty (KRP) to Report a Decline in Earnings: What to Look Out for
Kimbell Royalty (KRP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Kimbell Royalty Partners Announces Timing of Fourth Quarter 2022 Earnings Release and Conference Call
FORT WORTH, Texas, Dec. 28, 2022 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell"), a leading owner of oil and natural gas mineral and royalty interests in more than 123,000 gross w...
Kimbell Royalty Partners Closes $271 Million Acquisition of Permian Basin Mineral and Royalty Interests in Cash and Unit Transaction(1)
FORT WORTH, Texas , Dec. 15, 2022 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell" or the "Company"), a leading owner of oil and gas mineral and royalty interests in over 16 million...
Kimbell Royalty (KRP) Just Reclaimed the 20-Day Moving Average
Should investors be excited or worried when a stock crosses above the 20-day simple moving average?
Kimbell Royalty Partners, LP Announces Pricing of Upsized Public Offering of Common Units
FORT WORTH, Texas , Nov. 3, 2022 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell") today announced the pricing of its public offering of 6,000,000 common units representing limited ...
Kimbell Royalty Partners, LP Announces Public Offering of Common Units
FORT WORTH, Texas , Nov. 3, 2022 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell") today announced that it has commenced an underwritten public offering of 5,000,000 common units re...
Kimbell Royalty Partners, LP Announces $290 Million Permian Basin Acquisition in Cash and Unit Transaction(1)
HIGHLIGHTS Expected to be immediately accretive to distributable cash flow per unit Targeted oil and gas mineral and royalty interests located in core position of the Permian Basin, highlighted by ove...
Kimbell Royalty (KRP) Tops Q3 Earnings and Revenue Estimates
Kimbell Royalty (KRP) delivered earnings and revenue surprises of 90.32% and 8.73%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
Kimbell Royalty Partners Announces Record Third Quarter 2022 Results
Record Run-Rate Production of 14,985 Boe/d; 8% Sequential Oil Production Growth Rig Count up 7% to 79 Rigs Actively Drilling on Acreage (Highest Level Since 2019) Net DUCs and Permits at Record Level ...
Kimbell Royalty (KRP) Reports Next Week: Wall Street Expects Earnings Growth
Kimbell Royalty (KRP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Are You Looking for a Top Momentum Pick? Why Kimbell Royalty (KRP) is a Great Choice
Does Kimbell Royalty (KRP) have what it takes to be a top stock pick for momentum investors? Let's find out.
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3 Top-Ranked Momentum Stocks to Buy Using Driehaus Strategy
Kimbell Royalty (KRP), PBF Energy (PBF) and LPL Financial (LPLA) have been selected as the momentum picks for the day using the Driehaus strategy.
Kimbell Royalty (KRP) is a Great Momentum Stock: Should You Buy?
Does Kimbell Royalty (KRP) have what it takes to be a top stock pick for momentum investors? Let's find out.
Wall Street Analysts Think Kimbell Royalty (KRP) Could Surge 33%: Read This Before Placing a Bet
The average of price targets set by Wall Street analysts indicates a potential upside of 32.6% in Kimbell Royalty (KRP). While the effectiveness of this highly sought-after metric is questionable, the...
Is Kimbell Royalty (KRP) Outperforming Other Oils-Energy Stocks This Year?
Here is how Kimbell Royalty (KRP) and Devon Energy (DVN) have performed compared to their sector so far this year.
Kimbell Royalty Partners Announces Timing of Third Quarter 2022 Earnings Release and Conference Call
FORT WORTH, Texas, Sept. 15, 2022 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell"), a leading owner of oil and natural gas mineral and royalty interests in more than 122,000 gross ...
Kimbell Royalty (KRP) Q2 Earnings and Revenues Top Estimates
Kimbell Royalty (KRP) delivered earnings and revenue surprises of 83.33% and 20.46%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
Kimbell Royalty Partners Announces Record Second Quarter 2022 Results
Run-Rate Production of 14,948 Boe/d up 4% to Record Level (All Organic Growth) Net DUCs and Permits up 7% to Record Level Record Oil, Natural Gas and Natural Gas Liquids Revenue Record Net Income and ...
Down 20.9% in 4 Weeks, Here's Why You Should You Buy the Dip in Kimbell Royalty (KRP)
Kimbell Royalty (KRP) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in rev...
Kimbell Royalty (KRP) Loses 14.2% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner
Kimbell Royalty (KRP) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in rev...