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 February 26, 2021, the company owned mineral and royalty interests in approximately 13 million gross acres and overriding royalty interests in approximately 4.6 million gross acres. Its mineral and royalty interests are located in 28 states and include ownership in approximately 97,000 gross producing wells, including approximately 41,000 wells in the Permian Basin. Kimbell Royalty GP, LLC serves as the general partner of the company. Kimbell Royalty Partners, LP was founded in 2013 and is based in Fort Worth, Texas.
IPO Year: 2017
Exchange: NYSE
Website: kimbellrp.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/30/2024 | $22.00 | Buy | Truist |
| 10/30/2023 | $19.00 | Buy | BofA Securities |
| 3/7/2023 | $21.00 | Sector Weight → Overweight | KeyBanc Capital Markets |
| 9/20/2022 | Sector Weight | KeyBanc Capital Markets | |
| 8/25/2022 | $24.00 | Buy | Citigroup |
| 4/14/2022 | $22.00 | Overweight | Stephens |
| 1/25/2022 | $22.00 → $21.00 | Strong Buy | Raymond James |
| 1/21/2022 | $16.00 → $17.00 | Overweight | Keybanc |
| 11/30/2021 | $15.00 → $18.00 | Equal-Weight → Overweight | Wells Fargo |
| 10/26/2021 | $20.00 → $22.00 | Strong Buy | Raymond James |
10-Q - Kimbell Royalty Partners, LP (0001657788) (Filer)
10-K/A - Kimbell Royalty Partners, LP (0001657788) (Filer)
8-K - Kimbell Royalty Partners, LP (0001657788) (Filer)
10-Q - Kimbell Royalty Partners, LP (0001657788) (Filer)
8-K - Kimbell Royalty Partners, LP (0001657788) (Filer)
S-8 - Kimbell Royalty Partners, LP (0001657788) (Filer)
10-Q - Kimbell Royalty Partners, LP (0001657788) (Filer)
8-K - Kimbell Royalty Partners, LP (0001657788) (Filer)
10-K - Kimbell Royalty Partners, LP (0001657788) (Filer)
8-K - Kimbell Royalty Partners, LP (0001657788) (Filer)
Truist Securities analyst Neal Dingmann maintains Kimbell Royalty Partners (NYSE:KRP) with a Buy and raises the price target from $21 to $22.
B of A Securities analyst Noah Hungness reinstates Kimbell Royalty Partners (NYSE:KRP) with a Underperform and announces $16 price target.
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 dividend payout. Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy. Below are the ratings of the most accurate analysts for three high-yielding stocks in the energy sector. Kimbell Royalty Partners, LP (NYSE:KRP) Dividend Yield: 10.84% Raymond James analyst John Freeman maintained a Strong Buy rating and
Kimbell Royalty Partners (NYSE:KRP) reported quarterly earnings of $0.04 per share which missed the analyst consensus estimate of $0.20 by 80 percent. The company reported quarterly sales of $82.234 million which beat the analyst consensus estimate of $79.420 million by 3.54 percent. This is a 22.89 percent increase over sales of $66.916 million the same period last year.
Across the recent three months, 4 analysts have shared their insights on Kimbell Royalty Partners (NYSE:KRP), expressing a variety of opinions spanning from bullish to bearish. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 1 0 0 0 Last 30D 0 1 0 0 0 1M Ago 1 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 2 0 0 0 0 Analysts have recently evaluated Kimbell Royalty Partners and provided 12-month price targets. The average target is $21.0, accompanied by a high estimate of $22.00 and a low estima
Keybanc analyst Tim Rezvan maintains Kimbell Royalty Partners (NYSE:KRP) with a Overweight and raises the price target from $20 to $21.
Across the recent three months, 4 analysts have shared their insights on Kimbell Royalty Partners (NYSE:KRP), expressing a variety of opinions spanning from bullish to bearish. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 1 0 0 0 Last 30D 1 0 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 2 1 0 0 0 Insights from analysts' 12-month price targets are revealed, presenting an average target of $20.75, a high estimate of $22.00, and a low estimate of $20.00. This current average re
Truist Securities analyst Neal Dingmann maintains Kimbell Royalty Partners (NYSE:KRP) with a Buy and lowers the price target from $22 to $21.
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 dividend payout. Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy . Below are the ratings of the most accurate analysts for three high-yielding stocks in the energy sector. Nordic American Tankers Limited (NYSE:NAT) Dividend Yield: 12.21% Jefferies analyst Omar Nokta reiterated a Buy rating with a price target
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 129,000 gross wells across 28 states, today announced its participation in four upcoming investor conferences. Members of management will be participating in meetings at the following conferences: Bank of America Global Energy Conference 2024 on November 12-13, 2024 – HoustonTD Securities Energy Conference on November 19-20, 2024 – New York CityWolfe Inaugural Global Energy Conference on November 21, 2024 - VirtualMizuho Power, Energy & Infrastructure Conference on December 9-10, 2024 – New York C
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 Uncompleted Wells ("DUCs") Increased by 34% Quarter Over Quarter Led by the Permian Basin Record Lease Bonuses Confirming Increased Operator Activity Announces Q3 2024 Cash Distribution of $0.41 per Common Unit FORT WORTH, Texas, Nov. 7, 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 129,000 gross wells across 28 states, today announced financial and operating results for the quarter e
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 wells across 28 states, today announced that it will release its third quarter 2024 financial results on Thursday, November 7, 2024, before the market opens. Kimbell will also declare its third quarter 2024 distribution concurrent with this release. In conjunction with the earnings release, Kimbell has scheduled a conference call, which will be broadcast live over the Internet the same day at 10:00 a.m. Central (11:00 a.m. Eastern). By Phone: Dial 201-389-0869 at least 10 minutes before the cal
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 Count Record Low Cash G&A per BOE Below Low-End of Guidance Announces Q2 2024 Cash Distribution of $0.42 per Common Unit FORT WORTH, Texas, Aug. 1, 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 129,000 gross wells across 28 states, today announced financial and operating results for the quarter ended June 30, 2024. Second Quarter 2024 Highlights Q2 2024 run-rate daily produc
FORT WORTH, Texas, June 4, 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 wells across 28 states, today announced that it will release its second quarter 2024 financial results on Thursday, August 1, 2024, before the market opens. Kimbell will also declare its second quarter 2024 distribution concurrent with this release. In conjunction with the earnings release, Kimbell has scheduled a conference call, which will be broadcast live over the Internet the same day at 10:00 a.m. Central (11:00 a.m. Eastern). By Phone: Dial 201-389-0869 at least 10 minutes before the call.
FORT WORTH, Texas, May 20, 2024 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) is saddened to announce the passing of board member Ben J. Fortson. Mr. Fortson had nearly 60 years of experience in the oil and gas industry and served as President and Chief Executive Officer of Fortson Oil Company since 1986. He also served as Chief Investment Officer and Executive Vice President of the Kimbell Art Foundation since 1975. Mr. Fortson began investing in oil and natural gas minerals and royalties in the late 1990s on behalf of the Kimbell Art Foundation, which was one of the original and largest sponsors of Kimbell Royalty Partners. Mr. Fortson was instrumental in the creation of Ki
Record Q1 2024 Run-Rate Daily Production of 24,678 Boe/d (6:1)Exceeds Mid-Point of Guidance Record Q1 2024 Oil, Natural Gas and NGL Revenues and Adjusted EBITDA Activity on Acreage Remains Robust with 98 Active Rigs Drilling Representing 16%1 Market Share of U.S. Land Rig Count Announces Q1 2024 Cash Distribution of $0.49 per Common Unit FORT WORTH, Texas, May 2, 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 129,000 gross wells across 28 states, today announced financial and operating results for the quarter ended March 31, 2024. First Quarter 2024 Highlights Record Q
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 wells across 28 states, today announced that it will release its first quarter 2024 financial results on Thursday, May 2, 2024, before the market opens. Kimbell will also declare its first quarter 2024 distribution concurrent with this release. In conjunction with the earnings release, Kimbell has scheduled a conference call, which will be broadcast live over the Internet the same day at 10:00 a.m. Central (11:00 a.m. Eastern). By Phone: Dial 201-389-0869 at least 10 minutes before the call. A
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 interests in approximately 17 million gross acres in 28 states, today announced that Kimbell filed its Annual Report on Form 10-K ("Annual Report") for the fiscal year ended December 31, 2023 with the U.S. Securities and Exchange Commission ("SEC"). Kimbell's Annual Report is available through its website at http://kimbellrp.investorroom.com/financial-reports, as well as on the SEC's website at www.sec.gov. Interested investors may obtain a hard copy of the Annual Report, including Kimbell's complete au
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 Active Rigs Drilling Representing 16%1 Market Share of U.S. Land Rig Count Superior Five-Year Annual Average PDP Decline Rate of 14% Requires Only an Estimated 5.8 Net Wells Annually to Maintain Flat Production Compared to 8.4 Net Line-of-Site Wells Increase in Borrowing Base on Secured Revolving Credit Facility to $550 Million; Conservative Balance Sheet with Net Debt to Trailing Twelve Month Consolidated Adjusted EBITDA of 1.0x Announces Q4 2023 Cash Distribution of $0.43 per Common Unit FORT WORT
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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 Uncompleted Wells ("DUCs") Increased by 34% Quarter Over Quarter Led by the Permian Basin Record Lease Bonuses Confirming Increased Operator Activity Announces Q3 2024 Cash Distribution of $0.41 per Common Unit FORT WORTH, Texas, Nov. 7, 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 129,000 gross wells across 28 states, today announced financial and operating results for the quarter e
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 wells across 28 states, today announced that it will release its third quarter 2024 financial results on Thursday, November 7, 2024, before the market opens. Kimbell will also declare its third quarter 2024 distribution concurrent with this release. In conjunction with the earnings release, Kimbell has scheduled a conference call, which will be broadcast live over the Internet the same day at 10:00 a.m. Central (11:00 a.m. Eastern). By Phone: Dial 201-389-0869 at least 10 minutes before the cal
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 Count Record Low Cash G&A per BOE Below Low-End of Guidance Announces Q2 2024 Cash Distribution of $0.42 per Common Unit FORT WORTH, Texas, Aug. 1, 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 129,000 gross wells across 28 states, today announced financial and operating results for the quarter ended June 30, 2024. Second Quarter 2024 Highlights Q2 2024 run-rate daily produc
FORT WORTH, Texas, June 4, 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 wells across 28 states, today announced that it will release its second quarter 2024 financial results on Thursday, August 1, 2024, before the market opens. Kimbell will also declare its second quarter 2024 distribution concurrent with this release. In conjunction with the earnings release, Kimbell has scheduled a conference call, which will be broadcast live over the Internet the same day at 10:00 a.m. Central (11:00 a.m. Eastern). By Phone: Dial 201-389-0869 at least 10 minutes before the call.
Record Q1 2024 Run-Rate Daily Production of 24,678 Boe/d (6:1)Exceeds Mid-Point of Guidance Record Q1 2024 Oil, Natural Gas and NGL Revenues and Adjusted EBITDA Activity on Acreage Remains Robust with 98 Active Rigs Drilling Representing 16%1 Market Share of U.S. Land Rig Count Announces Q1 2024 Cash Distribution of $0.49 per Common Unit FORT WORTH, Texas, May 2, 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 129,000 gross wells across 28 states, today announced financial and operating results for the quarter ended March 31, 2024. First Quarter 2024 Highlights Record Q
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 wells across 28 states, today announced that it will release its first quarter 2024 financial results on Thursday, May 2, 2024, before the market opens. Kimbell will also declare its first quarter 2024 distribution concurrent with this release. In conjunction with the earnings release, Kimbell has scheduled a conference call, which will be broadcast live over the Internet the same day at 10:00 a.m. Central (11:00 a.m. Eastern). By Phone: Dial 201-389-0869 at least 10 minutes before the call. A
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 Active Rigs Drilling Representing 16%1 Market Share of U.S. Land Rig Count Superior Five-Year Annual Average PDP Decline Rate of 14% Requires Only an Estimated 5.8 Net Wells Annually to Maintain Flat Production Compared to 8.4 Net Line-of-Site Wells Increase in Borrowing Base on Secured Revolving Credit Facility to $550 Million; Conservative Balance Sheet with Net Debt to Trailing Twelve Month Consolidated Adjusted EBITDA of 1.0x Announces Q4 2023 Cash Distribution of $0.43 per Common Unit FORT WORT
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 wells across 28 states, today announced that it will release its fourth quarter 2023 financial results on Wednesday, February 21, 2024, before the market opens. Kimbell will also declare its fourth quarter 2023 distribution concurrent with this release. In conjunction with the earnings release, Kimbell has scheduled a conference call, which will be broadcast live over the Internet the same day at 10:00 a.m. Central (11:00 a.m. Eastern). By Phone: Dial 201-389-0869 at least 10 minutes before the
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 wells across 28 states, today announced that it will release its third quarter 2023 financial results on Thursday, November 2, 2023, before the market opens. Kimbell will also declare its third quarter 2023 distribution concurrent with this release. In conjunction with the earnings release, Kimbell has scheduled a conference call, which will be broadcast live over the Internet the same day at 10:00 a.m. Central (11:00 a.m. Eastern). By Phone: Dial 201-389-0869 at least 10 minutes before the call
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. Land Rig Count of 13.8% with 90 Active Rigs Drilling1 Increase in Borrowing Base and Elected Commitment on Secured Revolving Credit Facility to $400 Million and Maturity Extended Until June 2027 Superior Five-Year Annual PDP Decline Rate of 13% Requires Only an Estimated 4.9 Net Wells Annually to Maintain Flat Production Announces Q2 2023 Cash Distribution of $0.39 per Common Unit FORT WORTH, Texas, Aug. 2, 2023 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE:KRP) ("Kimbell" or the "Company
Truist initiated coverage of Kimbell Royalty Partners with a rating of Buy and set a new price target of $22.00
BofA Securities initiated coverage of Kimbell Royalty Partners with a rating of Buy and set a new price target of $19.00
KeyBanc Capital Markets upgraded Kimbell Royalty Partners from Sector Weight to Overweight and set a new price target of $21.00
KeyBanc Capital Markets initiated coverage of Kimbell Royalty Partners with a rating of Sector Weight
Citigroup initiated coverage of Kimbell Royalty Partners with a rating of Buy and set a new price target of $24.00
Stephens initiated coverage of Kimbell Royalty Partners with a rating of Overweight and set a new price target of $22.00
Raymond James reiterated coverage of Kimbell Royalty Partners with a rating of Strong Buy and set a new price target of $21.00 from $22.00 previously
Keybanc reiterated coverage of Kimbell Royalty Partners with a rating of Overweight and set a new price target of $17.00 from $16.00 previously
Wells Fargo upgraded Kimbell Royalty Partners from Equal-Weight to Overweight and set a new price target of $18.00 from $15.00 previously
Raymond James reiterated coverage of Kimbell Royalty Partners with a rating of Strong Buy and set a new price target of $22.00 from $20.00 previously
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