dividend
confidence high
sentiment neutral
materiality 0.50
Kimbell Royalty Partners declares Q4 2021 distribution of $0.37/unit, unchanged from Q3
Kimbell Royalty Partners, LP
- Quarterly cash distribution of $0.37 per common unit for Q4 2021; payable Feb 7, 2022 to holders of record Jan 31, 2022.
- Distributes 75% of projected cash available for distribution; remaining 25% allocated to reduce credit facility borrowings.
- Since May 2020, $44.5 million of debt has been repaid from similar allocations; 25% of Q4 cash flow also allocated for paydown.
- WTI average crude price rose 9.7% QoQ to $77.45; Henry Hub natural gas rose 9.4% to $4.77.
- Distribution payout ratio remains 75%; annualized cash yield estimated at 10.3% based on Jan 21 closing price.