Kimbell Royalty Partners, LP (KRP)

NYSE: KRP · IEX Real-Time Price · USD
14.47
-0.09 (-0.62%)
Mar 28, 2023, 4:00 PM EDT - Market closed
-0.62%
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]

Industry Oil & Gas E&P
Sector Energy
IPO Date Feb 3, 2017
Employees 23
Stock Exchange NYSE
Ticker Symbol KRP
Full Company Profile

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 Statements

Analyst 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.

Price Target
$22.95
(58.60% upside)
Analyst Consensus: Buy
Stock Forecasts

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...

5 days ago - PRNewsWire

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...

1 month ago - PRNewsWire

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?

1 month ago - Zacks Investment Research

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...

1 month ago - PRNewsWire

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.

1 month ago - Zacks Investment Research

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...

3 months ago - PRNewsWire

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...

3 months ago - PRNewsWire

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?

4 months ago - Zacks Investment Research

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 ...

5 months ago - PRNewsWire

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...

5 months ago - PRNewsWire

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...

5 months ago - PRNewsWire

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?

5 months ago - Zacks Investment Research

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 ...

5 months ago - PRNewsWire

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.

5 months ago - Zacks Investment Research

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.

5 months ago - Zacks Investment Research

4 Energy Stocks to Grab Today

Given the positive dynamics in the energy sector and the income potential, investing in energy stocks is a no-brainer.

Other symbols: ARLPDVNWMB
5 months ago - Zacks Investment Research

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.

Other symbols: LPLAPBF
5 months ago - Zacks Investment Research

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.

6 months ago - Zacks Investment Research

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...

6 months ago - Zacks Investment Research

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.

6 months ago - Zacks Investment Research

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 ...

6 months ago - PRNewsWire

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?

8 months ago - Zacks Investment Research

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 ...

8 months ago - PRNewsWire

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...

9 months ago - Zacks Investment Research

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...

10 months ago - Zacks Investment Research