Kimbell Royalty Partners, LP (KRP)

NYSE: KRP · IEX Real-Time Price · USD
15.65
-0.04 (-0.25%)
Mar 1, 2024, 4:00 PM EST - Market closed
-0.25%
Market Cap 1.63B
Revenue (ttm) 294.07M
Net Income (ttm) 60.14M
Shares Out 188.31M
EPS (ttm) 0.91
PE Ratio 17.20
Forward PE 16.97
Dividend $1.72 (10.99%)
Ex-Dividend Date Mar 12, 2024
Volume 404,284
Open 15.70
Previous Close 15.69
Day's Range 15.61 - 15.80
52-Week Range 13.85 - 17.11
Beta 1.10
Analysts Strong Buy
Price Target 20.60 (+31.63%)
Earnings Date Feb 21, 2024

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. The company serves as the general partner of the company. Kimbell Royalty Partners, LP was incorporated in 2015 and is based in Fort Worth, Texas. [Read more]

Industry Oil & Gas E&P
Sector Energy
IPO Date Feb 3, 2017
Employees 29
Stock Exchange NYSE
Ticker Symbol KRP
Full Company Profile

Financial Performance

In 2023, KRP's revenue was $294.07 million, an increase of 18.55% compared to the previous year's $248.06 million. Earnings were $60.14 million, a decrease of -46.27%.

Financial Statements

Analyst Forecast

According to 5 analysts, the average rating for KRP stock is "Strong Buy." The 12-month stock price forecast is $20.6, which is an increase of 31.63% from the latest price.

Price Target
$20.6
(31.63% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Kimbell Royalty Partners Announces Filing of 2023 Annual Report on Form 10-K

FORT WORTH, Texas , Feb. 21, 2024 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell Royalty Partners" or "Kimbell"), a leading owner of oil and natural gas mineral and royalty interes...

11 days ago - PRNewsWire

Kimbell Royalty Partners Announces Record Fourth Quarter and Full Year 2023 Results

Record Q4 23 Run-Rate Daily Production of 24,332 Boe/d (6:1) Exceeds High End of Guidance; Represents Organic Growth of 3.4% Between Q3 2023 and Q4 2023 Activity on Acreage Remains Robust with 98 Acti...

11 days ago - PRNewsWire

The 5 top-rated dividend stocks by analysts

Marketbeat.com provides many tools for investors, including analyst-tracking algorithms. A single upgrade is worthless, but a trend of upgrades can repeatedly drive a stock to new highs.

Other symbols: AESICNOBBIPCPA
2 months ago - MarketBeat

Kimbell Royalty Partners Announces Date for Fourth Quarter 2023 Earnings Release and Conference Call

FORT WORTH, Texas , Dec. 21, 2023 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell"), a leading owner of oil and natural gas mineral and royalty interests in more than 127,000 gross ...

2 months ago - PRNewsWire

Kimbell Royalty Partners Announces Increase in Borrowing Base and Elected Commitments from $400 Million to $550 Million

FORT WORTH, Texas, Dec. 11, 2023 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell" or the "Company"), a leading owner of oil and natural gas mineral and royalty interests in more tha...

2 months ago - PRNewsWire

Top 5 Energy Stocks That Could Blast Off This Quarter - DMC Glb (NASDAQ:BOOM), Kimbell Royalty Partners (NYSE:KRP)

The most oversold stocks in the energy sector presents an opportunity to buy into undervalued companies.

Other symbols: BOOMRESRNGRWTI
3 months ago - Benzinga

A Shocking Small-Cap Portfolio That Yields 12%

Small dividend stocks are dirt cheap right now. I'm talking about stocks trading for less than one year's worth of sales.

Other symbols: BKECIMGSBDIIPR
4 months ago - Forbes

Kimbell Royalty Partners Announces Record Third Quarter 2023 Results

Record Q3 2023 Run-Rate Daily Production; Production Exceeded 23,000 Boe/d (6:1) for First Time Including a Full-Quarter of Acquired Production Record Market Share of U.S. Land Rig Count of 17% with 9...

4 months ago - PRNewsWire

Kimbell Royalty Partners Announces Date for Third Quarter 2023 Earnings Release and Conference Call

FORT WORTH, Texas, Sept. 28, 2023 /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 ...

5 months ago - PRNewsWire

Kimbell Royalty Partners Closes $455 Million Acquisition of Permian and Mid-Con Mineral and Royalty Interests in Cash Transaction

FORT WORTH, Texas , Sept. 13, 2023  /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 milli...

Other symbols: APO
6 months ago - PRNewsWire

Kimbell Royalty Partners, LP Announces Pricing of Upsized Public Offering of Common Units

FORT WORTH, Texas , Aug. 2, 2023 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell") today announced the pricing of its public offering of 7,250,000 common units representing limited ...

7 months ago - PRNewsWire

Kimbell Royalty Partners, LP Announces Public Offering of Common Units

FORT WORTH, Texas , Aug. 2, 2023 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell") today announced that it has commenced an underwritten public offering of 6,000,000 common units re...

7 months ago - PRNewsWire

Kimbell Royalty Partners, LP Announces $455 Million Accretive Acquisition

HIGHLIGHTS Expected to be immediately accretive to distributable cash flow per unit, with estimated acceleration of accretion in 2024 and 2025 Targeted oil and gas mineral and royalty interests locate...

Other symbols: APO
7 months ago - PRNewsWire

Kimbell Royalty Partners Announces Record Second Quarter 2023 Results

Record Q2 2023 Run-Rate Daily Production; Post-MB Minerals Acquisition Production Exceeded 18,000 Boe/d (6:1) for First Time Including a Full-Quarter of Acquired Production Record Market Share of U.S....

7 months ago - PRNewsWire

Kimbell Royalty Partners Announces Date for Second Quarter 2023 Earnings Release and Conference Call

FORT WORTH, Texas, July 24, 2023 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell"), a leading owner of oil and natural gas mineral and royalty interests in more than 125,000 gross w...

7 months ago - PRNewsWire

Kimbell Royalty Partners Announces Timing of Second Quarter 2023 Earnings Release and Conference Call

FORT WORTH, Texas , June 28, 2023 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell"), a leading owner of oil and natural gas mineral and royalty interests in more than 125,000 gross ...

8 months ago - PRNewsWire

Kimbell Royalty Partners Boosts 2023 Production Guidance

Relative to prior 2023 guidance issued with Q4 2022 earnings release, Kimbell expects: Record daily production, which at its midpoint for Q2 2023 and Q3-Q4 2023 guidance is a 7% and 10% increase, resp...

10 months ago - PRNewsWire

Kimbell Royalty Partners Closes $141 Million Midland Basin Mineral and Royalty Acquisition

FORT WORTH, Texas , May 17, 2023 /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 ...

10 months ago - PRNewsWire

Kimbell Royalty Partners Announces Record First Quarter 2023 Results

Record Q1 2023 Run-Rate Daily Production Record Rig Count of 94 Active Rigs Drilling Conservative Balance Sheet with Net Debt to Trailing Twelve Month Consolidated Adjusted EBITDA of 1.0x Previously a...

10 months ago - PRNewsWire

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...

1 year 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 year ago - PRNewsWire

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 year ago - PRNewsWire

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...

1 year 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...

1 year 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...

1 year ago - PRNewsWire