secwatch.observer — SEC 8-K summary
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Issuer:     Kimbell Royalty Partners, LP (KRP)
CIK:        0001657788
Form:       8-K
Filed at:   2022-04-22T23:59:59+00:00
Accession:  0001104659-22-049087
Event type: dividend
Sentiment:  positive
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kimbell Royalty declares Q1 2022 distribution of $0.47/unit, up 27% QoQ; pays 75% of cash, rest to debt paydown
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- Quarterly distribution of $0.47 per common unit for Q1 2022 (vs. $0.37 in Q4 2021).
- Payable May 9, 2022 to unitholders of record May 2, 2022; represents 75% of projected Q1 cash available.
- Remaining 25% will be used to reduce borrowings under the credit facility; $52.5M paid down since May 2020.
- Annualized cash yield of 11.1% based on closing price of $16.94 on April 22, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1657788/000110465922049087/0001104659-22-049087-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1657788/000110465922049087/tm2213195d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-049087

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