Kimbell Royalty Partners Announces $175 Million Acquisition of Mineral and Royalty Interests in a Cash and Unit Transaction
Kimbell Royalty Partners Common Units Representing Limited Partner Interests (KRP)
Last kimbell royalty partners common units representing limited partner interests earnings: 2/27 07:00 am
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kimbellrp.com
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Source: PR Newswire
FORT WORTH, Texas, Jan. 9, 2020 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell" or the "Company"), a leading owner of oil and gas mineral and royalty interests in approximately 13 million gross acres in 28 states, today announced that it has agreed to acquire the mineral and royalty interests held by Dallas-based Springbok Energy Partners, LLC ("SEP I") and Springbok Energy Partners II, LLC ("SEP II" and, collectively with SEP I, "Springbok") in a transaction valued at approximately $175 million, subject to purchase price adjustments (the "Acquisition"). The purchase price for the Acquisition is comprised of $95 million in cash (approximately 54% of the total consideration) and an aggregate of approximately 2.2 million common units of Kimbell and approximately 2.5 million common units of Kimbell Royalty Operating, LLC, which are together valued at $80 million2 (approximately 46% of the total consideration). Kimbell intends to raise the cash portion of the purchas
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- Kimbell Royalty Partners, LP (NYSE:KRP) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Kimbell Royalty Partners Announces Record First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- Kimbell Royalty Partners Announces Record First Quarter 2024 ResultsPR Newswire
- Kimbell Royalty Partners, LP (NYSE: KRP) had its price target raised by analysts at KeyCorp from $20.00 to $21.00. They now have an "overweight" rating on the stock.MarketBeat
- Kimbell Royalty Partners: 2024 Production Guidance May Be Conservative [Seeking Alpha]Seeking Alpha
KRP
Earnings
- 5/2/24 - Miss
KRP
Sec Filings
- 5/2/24 - Form S-8
- 5/2/24 - Form 10-Q
- 5/2/24 - Form 8-K
- KRP's page on the SEC website