Recent 8-K filings for KRP
Highest-materiality recent filing
Kimbell Royalty Partners acquires Permian Basin mineral interests for $231M
- 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%.
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Kimbell Royalty closes $221.2M dropdown, boosts Q3/Q4 2026 production guidance
Closed dropdown from Rivercrest/Cupola for ~$221.2M: $74.9M cash + 9.5M OpCo units valued ~$146.3M.
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Kimbell Royalty Partners Q2 2026 record revenue, EBITDA; distribution up 15% to $0.47
Record Q2 production 25,830 Boe/d (6:1); includes 9 days from $145.9M Mesa Royalties acquisition closed June 22.
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Kimbell Royalty Partners announces $215.4M drop down acquisition of oil and gas royalty interests
Total consideration $215.4M: $74.9M cash + 9.5M OpCo common units valued at $140.5M.
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Kimbell Royalty closes $145.9M Permian mineral acquisition from Mesa Royalties
Total consideration: $44M cash and 6.9M OpCo common units valued at $101.9M.
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Kimbell Royalty Partners to acquire Permian Basin assets from Mesa for $147M
Total consideration of ~$147M: $44M cash plus ~6.9M newly issued OpCo units valued at $103M.
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Q1 run-rate daily production 25,522 Boe/d; oil/gas/NGL revenues $82.9M; total revenues $65.5M.
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Kimbell Royalty Partners authorizes $100M common unit repurchase program through 2027
Board approved repurchase of up to $100M of outstanding common units (KRP).
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Q4 production 25,627 Boe/d beat mid-point; oil/gas/NGL revenues $76.0M, net income $24.8M.
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Kimbell Royalty Partners upsizes credit facility to $1.5B, matures 2030
New $1.5B senior secured facility with initial borrowing base of $625M and elected commitments of $625M.
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Kimbell Royalty Q3 production 25,530 Boe/d beats guidance; declares $0.35/unit distribution
Q3 run-rate daily production of 25,530 Boe/d (6:1) above mid-point guidance; oil, natural gas, NGL revenues $76.8M.
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Kimbell Royalty Q1 2025 record revenues $90M, net income $25.9M, distribution $0.47/unit (+18%)
Q1 run-rate production 25,841 Boe/d (6:1) including full-quarter impact of Jan 2025 $230M Permian acquisition.
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Kimbell Royalty to redeem 50% of Series A Preferred Units for ~$182.3M on May 7, 2025
Notice of redemption for 162,500 Preferred Units (50% of outstanding) delivered April 9, 2025.
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Kimbell Q4 net loss $39.3M on $56.2M impairment; production exceeds 25,000 Boe/d with acquisition
Q4 2024 run-rate production 24,082 Boe/d; including acquired production 25,946 Boe/d (6:1).
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Kimbell Royalty Partners closes $230.4M acquisition of Midland Basin mineral and royalty interests
Acquired mineral and royalty interests in oil and gas properties under Mabee Ranch, Midland Basin, Texas for ~$230.4M cash.
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Kimbell Royalty Partners raises ~$141.3M via public offering of 10M common units at $14.90/unit
Offering of 10,000,000 common units at $14.90/unit; underwriters have 30-day option for 1,150,000 additional units.
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Kimbell Royalty Partners acquires Permian Basin mineral interests for $231M
Purchase price ~$231M for oil & gas mineral/royalty interests in Midland Basin; expected to close Q1 2025.
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Kimbell Royalty Q3 run-rate production 23,846 Boe/d, Adj EBITDA $63.1M, distribution $0.41/unit
Q3 run-rate daily production 23,846 Boe/d (6:1); oil, natural gas & NGL revenues $71.1M.
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Q2 run-rate daily production of 24,110 Boe/d (6:1) exceeded mid-point of 2024 guidance; total revenues $77.0M.
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Kimbell Royalty Partners reports record Q1 production, revenue, Adjusted EBITDA; distribution up 14%
Record Q1 production 24,678 Boe/d (+1.4% QoQ); record revenues $87.5M (+4.2%).
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Kimbell Royalty Partners reports record Q4 production 24,332 Boe/d and record Adjusted EBITDA $69.0M
Record Q4 run-rate production 24,332 Boe/d (6:1), exceeding guidance and up 3.4% organic from Q3.
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Kimbell Royalty increases credit facility by $150M to $550M total
Borrowing base and aggregate elected commitments raised from $400M to $550M.
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Kimbell Royalty reports record Q3 production, boosts distribution to $0.51/unit
Q3 run-rate production 23,531 Boe/d including full-quarter impact of $455M acquisition closed Sept 13.
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Acquired all membership interests of Cherry Creek Minerals LLC for $455M cash; closed Sept 13, 2023.
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Kimbell Royalty closes $455M Cherry Creek buy, raises $325M via Apollo preferred units
Acquired Cherry Creek Minerals for $455M cash; funded via credit facility and Apollo preferred proceeds.
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Kimbell Royalty Partners prices public offering of 7.25M common units at $14.00/unit
Offering of 7,250,000 common units at $14.00/unit; net proceeds to Kimbell of approximately $95.9M.
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Record Q2 run-rate production of 17,573 Boe/d; pro forma with full quarter of MB Minerals acquisition: 18,554 Boe/d.
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Kimbell acquires Cherry Creek Minerals for $455M; raises $325M from Apollo preferred units
Purchase price $455M cash for Cherry Creek Minerals; expected close Q3 2023 with effective date June 1, 2023.
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Kimbell closes $141M Midland Basin acquisition, boosts 2023 production guidance
Closed acquisition of mineral & royalty interests from MB Minerals for ~$140.8M ($48.8M cash + ~5.4M Opco units + ~0.6M KRP units).
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Kimbell Royalty Q1 net income $23.3M, record production 17,014 Boe/d
Q1 net income of $28.9M; net income attr. to common units $23.3M ($0.37/unit).
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Kimbell Royalty Partners acquires Midland Basin mineral assets for ~$143.1M
Consideration: $48.8M cash, ~5.4M OpCo units valued at $85.4M, and ~0.6M KRP units valued at $8.9M.
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Hatch Resources LLC had total assets of $136.8M as of Dec 31, 2021, and net income of $4.16M for 2021.
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Kimbell Royalty Partners reports record Q4 and full-year 2022 results; initiates 2023 guidance
Q4 2022 revenue $68.7M, net income $35.2M; full-year record revenue and net income.
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Total consideration ~$270.7M: $150.4M cash + ~7.3M Opco units valued at $120.3M.
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Kimbell Royalty enters underwriting agreement for 6M unit offering at $17.75, net ~$100.7M
Offering of 6,000,000 common units at $17.75 per unit; underwriters have 30-day option for additional 900,000 units.
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Kimbell Royalty reports record Q3 run-rate production of 14,985 Boe/d, declares $0.49 distribution
Record Q3 run-rate production 14,985 Boe/d (+0.2% QoQ, all organic); oil production up 8% sequentially.
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Kimbell Royalty Partners acquires Permian Basin assets from Hatch for $290M in cash and units
Total consideration ~$290M: $150M cash + 7.27M OpCo common units valued at $140M (based on KRP closing price $19.26).
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Run-rate production 14,948 Boe/d (record, +4% QoQ organic); oil & gas revenue $78.6M (record, +21% QoQ).
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Kimbell Royalty Q1 2022: record revenue $65.1M, Adjusted EBITDA $43.9M, distribution $0.47/unit
Record Q1 2022 oil, gas, NGL revenue of $65.1M, up 25% from Q4 2021; net income $8.4M.
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Kimbell Royalty Posts Record Q4 Revenue of $55.7M and Net Income of $30.7M
Q4 2021 revenue $55.7M, net income $30.7M ($0.46/common unit), up from $7.5M in Q3.
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Kimbell closes $57M acquisition of mineral/royalty interests; redeems all Series A preferred units
Acquired mineral/royalty interests from Caritas Royalty Fund for $57M cash; funded via public offering and credit facility.
Materiality & sentiment trend
Max materiality 0.85 · Median 0.75 · Most common event earnings