secwatch.observer — SEC 8-K summary
======================================

Issuer:     Kimbell Royalty Partners, LP (KRP)
CIK:        0001657788
Form:       8-K/A
Filed at:   2023-09-27T23:59:59+00:00
Accession:  0001104659-23-104282
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kimbell Royalty Partners completes $455M acquisition of Cherry Creek Minerals; files historical and pro forma financials
--------------------------------------------------------------------------------

- Acquired all membership interests of Cherry Creek Minerals LLC for $455M cash; closed Sept 13, 2023.
- Consideration: $130M from credit facility + $325M from Apollo Series A Convertible Preferred Units.
- LongPoint Minerals II H1 2023 unaudited: revenues $49.6M, net income $38.7M; 2022 audited net income $50.8M.
- Pro forma statements give effect to acquisition, prior Hatch acquisition (Dec 2022), and TGR redemption.
- Seller LongPoint expects to record a loss on sale as $455M is below its carrying value.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1657788/000110465923104282/0001104659-23-104282-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1657788/000110465923104282/tm2327009d1_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-104282

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer