secwatch.observer — SEC 8-K summary
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Issuer:     Kimbell Royalty Partners, LP (KRP)
CIK:        0001657788
Form:       8-K
Filed at:   2022-01-21T23:59:59+00:00
Accession:  0001104659-22-006545
Event type: dividend
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kimbell Royalty Partners declares Q4 2021 distribution of $0.37/unit, unchanged from Q3
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1657788/000110465922006545/0001104659-22-006545-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1657788/000110465922006545/tm224087d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-006545

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