{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-086790","form_type":"8-K","ticker":"KRP","cik":"0001657788","company_name":"Kimbell Royalty Partners, LP","filed_at":"2023-08-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.740829+00:00","generated_at":"2026-06-12T13:53:21.098247+00:00","sec_items":["1.01","3.02","3.03","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 acquires Cherry Creek Minerals for $455M; raises $325M from Apollo preferred units","bullets":["Purchase price $455M cash for Cherry Creek Minerals; expected close Q3 2023 with effective date June 1, 2023.","Acquired assets produce ~4,840 Boe/d (28% increase to Kimbell production); 49,658 net royalty acres in Permian and SCOOP/STACK.","Apollo funds commit $325M firm for 6% Series A Cumulative Convertible Preferred Units; Kimbell may sell additional $75M.","Preferred units convertible after 2 years at $15.07 conversion price; distribution rate 6% per annum, step-up on default.","Acquisition expected to reduce G&A per Boe by ~22% and add 24 active rigs on acreage."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-086790","json":"https://secwatch.observer/filing/0001104659-23-086790.json","markdown":"https://secwatch.observer/filing/0001104659-23-086790.md","text":"https://secwatch.observer/filing/0001104659-23-086790.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1657788/000110465923086790/0001104659-23-086790-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1657788/000110465923086790/tm2322096d3_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T13:53:21.098247+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":"b0dba1668a3fcc3b57018f4bf37831c4a89f76e1","claim":"Kimbell Royalty Partners, LP entered into Purchase Agreement with LongPoint.","evidence_excerpt":"the Kimbell has agreed to acquire all of the issued and outstanding membership interests in the Acquired Company owned by LongPoint pursuant to the Purchase Agreement.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1657788/000110465923086790/0001104659-23-086790-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"LongPoint"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}