Kimbell Royalty Partners acquires Permian Basin mineral interests for $231M

Kimbell Royalty Partners, LP

Purchase price ~$231M for oil & gas mineral/royalty interests in Midland Basin; expected to close Q1 2025.
Acquired assets produce ~1,842 Boe/d (60% oil); expected to increase Kimbell's daily production by ~8%.
Estimated $30.9M cash flow in 2025 at strip pricing, implying ~7.5x cash flow multiple.
Financed with cash or $207M cash + ~1.4M common units ($24M).
Immediately accretive to distributable cash flow; expects ~7% reduction in cash G&A per Boe.

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