Kimbell Royalty Partners, LP (KRP)
| Market Cap | 3.03B |
| Revenue (ttm) | 294.07M |
| Net Income (ttm) | 60.14M |
| Shares Out | 188.31M |
| EPS (ttm) | 0.91 |
| PE Ratio | 17.68 |
| Forward PE | 19.86 |
| Dividend | $1.72 (10.69%) |
| Ex-Dividend Date | Mar 12, 2024 |
| Volume | 255,100 |
| Open | 15.98 |
| Previous Close | 15.96 |
| Day's Range | 15.94 - 16.17 |
| 52-Week Range | 14.02 - 17.11 |
| Beta | 1.11 |
| Analysts | Strong Buy |
| Price Target | 20.40 (+26.79%) |
| Earnings Date | May 2, 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. 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 $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 StatementsAnalyst Forecast
According to 5 analysts, the average rating for KRP stock is "Strong Buy." The 12-month stock price forecast is $20.4, which is an increase of 26.79% from the latest price.
News
Wall Street's Most Accurate Analysts Say Buy These 3 Energy Stocks With Over 5% Dividend Yields - Ardmore Shipping (NYSE:ASC), Kimbell Royalty Partners (NYSE:KRP)
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high...
Kimbell Royalty Partners Announces Date for First Quarter 2024 Earnings Release and Conference Call
FORT WORTH, Texas, March 21, 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...
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...
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...
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 ...
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...
Top 5 Energy Stocks That Could Blast Off This Quarter - DMC Glb (NASDAQ:BOOM), Kimbell Royalty Partners (NYSE:KRP)
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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...
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 ...
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...
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 ...
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...
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...
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....
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...
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 ...
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...
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 ...
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...
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 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...
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...