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 |
|---|---|---|---|
| 3/31/2025 | $16.00 | Neutral | Mizuho |
| 3/4/2025 | $22.00 → $16.00 | Buy → Hold | Truist |
| 3/3/2025 | Strong Buy → Mkt Perform | Raymond James | |
| 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 |
Record Oil, Natural Gas and NGL Revenues, Net Income of $25.9 million, Record Consolidated Adjusted EBITDA and Record Cash Available for Distribution Q1 2025 Run-Rate Daily Production of 25,841 Boe/d (6:1) Including a Full-Quarter of Acquired Production; Exceeds Mid-Point of Guidance Redeemed 50% of Outstanding Series A Cumulative Convertible Preferred Units, Further Simplifying Capital Structure and Reducing Cost of Capital Borrowing Base and Aggregate Commitments on Kimbell's Secured Revolving Credit Facility Increased from $550 million to $625 million Activity on Acreage Remains Robust with 90 Active Rigs Drilling Representing 16%1 Market Share of U.S. Land Rig Count Announces Q1 2025 C
FORT WORTH, Texas, March 20, 2025 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE:KRP) ("Kimbell"), a leading owner of oil and natural gas mineral and royalty interests in more than 130,000 gross wells across 28 states, today announced that it will release its first quarter 2025 financial results on Thursday, May 8, 2025, before the market opens. Kimbell will also declare its first quarter 2025 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. 27, 2025 /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 over 17 million gross acres in 28 states, today announced the filing of its Annual Report on Form 10-K ("Annual Report") for the fiscal year ended December 31, 2024 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 audited financia
Production Exceeded 25,000 Boe/d (6:1) for First Time Including a Full-Quarter of Acquired Production Activity on Acreage Remains Robust with 91 Active Rigs Drilling Representing 16%1 Market Share of U.S. Land Rig Count Including the Acquired Production Superior Five-Year Annual Average PDP Decline Rate of 14% Requires Only an Estimated 6.5 Net Wells Annually to Maintain Flat Production Compared to 8.1 Net Line-of-Site Wells After Giving Effect to Acquired Production Announces Q4 2024 Cash Distribution of $0.40 per Common Unit Initiates 2025 Operational Guidance with Record High Mid-Point Daily Production FORT WORTH, Texas, Feb. 27, 2025 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE:KR
FORT WORTH, Texas, Jan. 17, 2025 /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 million gross acres in 28 states, today announced that it has closed the previously announced purchase of mineral and royalty interests (the "Acquired Assets") held by a private seller in a cash transaction valued at approximately $230 million, subject to post-closing adjustments (the "Acquisition"). The purchase price of the Acquisition was funded through a combination of an underwritten public offering of common units and borrowings under its revolving credit facility. Kimbell is entitled to all cash
FORT WORTH, Texas, Jan. 7, 2025 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE:KRP) ("Kimbell") today announced the pricing of its upsized public offering of 10,000,000 common units representing limited partner interests, at a public offering price of $14.90 per common unit. The total gross proceeds of the offering, before underwriters' discounts and estimated offering expenses, will be approximately $149.0 million. Kimbell has granted the underwriters an option to purchase up to 1,500,000 additional common units at the public offering price less the underwriting discount and commissions. The offering is expected to close on January 9, 2025, subject to customary closing conditions. Kimb
FORT WORTH, Texas, Jan. 7, 2025 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE:KRP) ("Kimbell") today announced that it has commenced an underwritten public offering of 9,000,000 common units representing limited partner interests, subject to market and other conditions. In connection with the offering, Kimbell intends to grant the underwriters an option to purchase up to 1,350,000 additional common units at the public offering price less the underwriting discount and commissions. Kimbell intends to use the net proceeds from the offering for the repayment of outstanding borrowings under its revolving credit facility. At the closing of the pending acquisition of oil and natural gas miner
Oil and natural gas royalty interests located under the prolific Mabee Ranch in the Core of the Midland Basin on over 68,000 gross acres HIGHLIGHTS Expected to be immediately accretive to distributable cash flow per unit, with estimated acceleration of accretion over the next 5 yearsTargeted oil and natural gas mineral and royalty interests located under the prolific Mabee Ranch in the core of the Midland Basin, with approximately 875 gross producing wells on over 68,000 gross acresWorld-class E&P operators, including ConocoPhillips, Diamondback Energy and ExxonMobilAnticipated 2025 average production of approximately 1,842 Boe per day (60% oil, 17% natural gas, 23% NGL), generating an estim
FORT WORTH, Texas, Dec. 19, 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 fourth quarter 2024 financial results on Thursday, February 27, 2025, before the market opens. Kimbell will also declare its fourth 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 ca
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
4 - Kimbell Royalty Partners, LP (0001657788) (Issuer)
4 - Kimbell Royalty Partners, LP (0001657788) (Issuer)
4 - Kimbell Royalty Partners, LP (0001657788) (Issuer)
4 - Kimbell Royalty Partners, LP (0001657788) (Issuer)
4 - Kimbell Royalty Partners, LP (0001657788) (Issuer)
4 - Kimbell Royalty Partners, LP (0001657788) (Issuer)
4 - Kimbell Royalty Partners, LP (0001657788) (Issuer)
4 - Kimbell Royalty Partners, LP (0001657788) (Issuer)
4 - Kimbell Royalty Partners, LP (0001657788) (Issuer)
4 - Kimbell Royalty Partners, LP (0001657788) (Issuer)
Mizuho initiated coverage of Kimbell Royalty Partners with a rating of Neutral and set a new price target of $16.00
Truist downgraded Kimbell Royalty Partners from Buy to Hold and set a new price target of $16.00 from $22.00 previously
Raymond James downgraded Kimbell Royalty Partners from Strong Buy to Mkt Perform
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
4 - Kimbell Royalty Partners, LP (0001657788) (Issuer)
10-Q - Kimbell Royalty Partners, LP (0001657788) (Filer)
8-K - Kimbell Royalty Partners, LP (0001657788) (Filer)
8-K - 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)
8-K - Kimbell Royalty Partners, LP (0001657788) (Filer)
8-K - Kimbell Royalty Partners, LP (0001657788) (Filer)
424B5 - Kimbell Royalty Partners, LP (0001657788) (Filer)
424B5 - Kimbell Royalty Partners, LP (0001657788) (Filer)
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SC 13D/A - Kimbell Royalty Partners, LP (0001657788) (Subject)
SC 13D/A - Kimbell Royalty Partners, LP (0001657788) (Subject)
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SC 13D/A - Kimbell Royalty Partners, LP (0001657788) (Subject)
SC 13G/A - Kimbell Royalty Partners, LP (0001657788) (Subject)
Record Oil, Natural Gas and NGL Revenues, Net Income of $25.9 million, Record Consolidated Adjusted EBITDA and Record Cash Available for Distribution Q1 2025 Run-Rate Daily Production of 25,841 Boe/d (6:1) Including a Full-Quarter of Acquired Production; Exceeds Mid-Point of Guidance Redeemed 50% of Outstanding Series A Cumulative Convertible Preferred Units, Further Simplifying Capital Structure and Reducing Cost of Capital Borrowing Base and Aggregate Commitments on Kimbell's Secured Revolving Credit Facility Increased from $550 million to $625 million Activity on Acreage Remains Robust with 90 Active Rigs Drilling Representing 16%1 Market Share of U.S. Land Rig Count Announces Q1 2025 C
FORT WORTH, Texas, March 20, 2025 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE:KRP) ("Kimbell"), a leading owner of oil and natural gas mineral and royalty interests in more than 130,000 gross wells across 28 states, today announced that it will release its first quarter 2025 financial results on Thursday, May 8, 2025, before the market opens. Kimbell will also declare its first quarter 2025 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
Production Exceeded 25,000 Boe/d (6:1) for First Time Including a Full-Quarter of Acquired Production Activity on Acreage Remains Robust with 91 Active Rigs Drilling Representing 16%1 Market Share of U.S. Land Rig Count Including the Acquired Production Superior Five-Year Annual Average PDP Decline Rate of 14% Requires Only an Estimated 6.5 Net Wells Annually to Maintain Flat Production Compared to 8.1 Net Line-of-Site Wells After Giving Effect to Acquired Production Announces Q4 2024 Cash Distribution of $0.40 per Common Unit Initiates 2025 Operational Guidance with Record High Mid-Point Daily Production FORT WORTH, Texas, Feb. 27, 2025 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE:KR
FORT WORTH, Texas, Dec. 19, 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 fourth quarter 2024 financial results on Thursday, February 27, 2025, before the market opens. Kimbell will also declare its fourth 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 ca
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