Kimbell Royalty Partners: 2024 Production Guidance May Be Conservative [Seeking Alpha]
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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Source: Seeking Alpha
At a 75% payout ratio, this translates into a $0.44 to $0.45 per unit quarterly distribution. Kimbell's production guidance midpoint was slightly below my expectations. However, its guidance also appears to be somewhat conservative based on its number of line-of-sight wells. I thus believe that Kimbell's production will trend towards the upper end of its guidance. Looking for more investing ideas like this one? Get them exclusively at Distressed Value Investing. Learn More » Kimbell Royalty Partners ( NYSE: KRP provided 2024 production guidance that was (at guidance midpoint) slightly lower than my expectations from January 2024 . Despite that, Kimbell should still be able to average a $0.44 to $0.45 per unit quarterly distribution in 2024, boosted by the improvement in oil prices. I also believe that Kimbell's production guidance midpoint is a bit conservative, and that it is more likely to end up hitting the upper half of its production guidance than the lower half. I
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News
- 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, LP (NYSE: KRP) had its price target lowered by analysts at Truist Financial Co. from $22.00 to $21.00. They now have a "buy" rating on the stock.MarketBeat
- Wall Street Analysts Believe Kimbell Royalty (KRP) Could Rally 33.61%: Here's is How to Trade [Yahoo! Finance]Yahoo! Finance
- Kimbell Royalty Partners Announces Date for First Quarter 2024 Earnings Release and Conference CallPR Newswire
- Kimbell Royalty Partners, LP (NYSE: KRP) had its price target lowered by analysts at TD Securities from $26.00 to $25.00. They now have a "buy" rating on the stock.MarketBeat
KRP
Earnings
- 2/21/24 - Miss
KRP
Sec Filings
- 3/20/24 - Form 4
- 3/19/24 - Form 4
- 3/19/24 - Form 144
- KRP's page on the SEC website