{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-044316","form_type":"8-K","ticker":"KRP","cik":"0001657788","company_name":"Kimbell Royalty Partners, LP","filed_at":"2023-04-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.876687+00:00","generated_at":"2026-06-17T03:07:55.810826+00:00","sec_items":["1.01","3.02","7.01","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Kimbell Royalty Partners acquires Midland Basin mineral assets for ~$143.1M","bullets":["Consideration: $48.8M cash, ~5.4M OpCo units valued at $85.4M, and ~0.6M KRP units valued at $8.9M.","Acquired 806 net royalty acres on ~60,000 gross acres in Northern Midland Basin; est. 1,901 Boe/d (77% oil), 5.3 MMBoe proved reserves, 3 active rigs.","Expected to be immediately accretive to distributable cash flow per unit and reduce cash G&A per Boe by ~11%.","Pro forma net leverage ~1.0x; est. NTM cash flow of $43.3M at strip pricing implies 3.3x transaction multiple.","Expected to increase daily production to >19,000 Boe/d and oil weighting from 29% to 34%."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-044316","json":"https://secwatch.observer/filing/0001104659-23-044316.json","markdown":"https://secwatch.observer/filing/0001104659-23-044316.md","text":"https://secwatch.observer/filing/0001104659-23-044316.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1657788/000110465923044316/0001104659-23-044316-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1657788/000110465923044316/tm2312457d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T03:07:55.810826+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"f282380af2293c4c8b6e47d669588c9095ac706d","claim":"Kimbell Royalty Partners, LP entered into Purchase and Sale Agreement with MB Minerals, L.P., Barry K. Clark, Michael F. Dignam Jr., Thomas A. Medary, Wayne A. Psencik valued at approximately $48.8 million in cash and the issuance of (a) 5,369,218 OpCo Common Units and an equal (effective 2023-04-11).","evidence_excerpt":"nd, together with Kimbell, the “Buyer Parties”), entered into a Purchase and Sale Agreement (the “Purchase Agreement”) with MB Minerals, L.P., a Delaware limited partnership (“MB Minerals”), Barry K.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1657788/000110465923044316/0001104659-23-044316-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"MB Minerals, L.P., Barry K. Clark, Michael F. Dignam Jr., Thomas A. Medary, Wayne A. Psencik"},{"label":"Value","value":"approximately $48.8 million in cash and the issuance of (a) 5,369,218 OpCo Common Units and an equal"},{"label":"Effective","value":"2023-04-11"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}