KRP - Kimbell Royalty Partners LP Stock Price, Fair Value and News

15.93USD-0.08 (-0.50%)Market Closed

Market Summary

USD15.93-0.08

Market Closed

-0.50%

KRP Alerts

2 major insider sales recently.

KRP Stock Price

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KRP RSI Chart

KRP Valuation

Market Cap

413.3M

Price/Earnings (Trailing)

4.12

Price/Sales (Trailing)

1.52

EV/EBITDA

1.83

Price/Free Cashflow

2.38

KRP Price/Sales (Trailing)

KRP Profitability

EBT Margin

29.04%

Return on Assets

6.2%

Free Cashflow Yield

41.99%

KRP Fundamentals

KRP Revenue

Revenue (TTM)

298.8M

Rev. Growth (Yr)

128.85%

Rev. Growth (Qtr)

52.64%

KRP Earnings

Earnings (TTM)

83.0M

Earnings Growth (Yr)

-49.42%

Earnings Growth (Qtr)

-3.53%

Breaking Down KRP Revenue

Last 7 days

0.9%

Last 30 days

2.9%

Last 90 days

7.7%

Trailing 12 Months

-1.8%

How does KRP drawdown profile look like?

KRP Financial Health

Current Ratio

7.95

KRP Investor Care

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2023	265.6M	243.9M	239.3M	298.8M
2022	147.0M	199.8M	241.9M	232.4M
2021	77.0M	89.9M	103.2M	135.6M
2020	126.2M	107.1M	92.6M	90.5M
2019	77.3M	98.5M	113.1M	108.2M
2018	36.7M	39.6M	49.7M	70.3M
2017	9.0M	19.7M	25.0M	30.3M
2016	4.4M	4.1M	3.9M	3.6M
2015	0	0	0	4.7M

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Kimbell Royalty Partners LP

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 19, 2024	rhynsburger blayne	sold	-101,197	15.6	-6,487	controller
Mar 19, 2024	taylor brett g.	sold	-421,298	15.51	-27,163	-
Mar 11, 2024	taylor brett g.	sold	-265,326	15.71	-16,889	-
Mar 07, 2024	taylor brett g.	sold	-85,214	15.55	-5,480	-
Mar 06, 2024	taylor brett g.	sold	-24,258	15.55	-1,560	-
Mar 05, 2024	taylor brett g.	sold	-467,267	15.53	-30,088	-
Mar 04, 2024	ravnaas robert davis	sold (taxes)	-338,713	15.65	-21,643	president and cfo
Mar 04, 2024	rhynsburger blayne	sold (taxes)	-18,138	15.65	-1,159	controller
Mar 04, 2024	taylor brett g.	sold (taxes)	-304,064	15.65	-19,429	-
Mar 04, 2024	ravnaas robert d.	sold (taxes)	-437,496	15.65	-27,955	chief executive officer

Which funds bought or sold KRP recently?

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Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 23, 2024	Venturi Wealth Management, LLC	added	2,480	385,366	400,416	0.03%
Apr 23, 2024	FIFTH THIRD BANCORP	unchanged	-	940	31,040	-%
Apr 23, 2024	GODSEY & GIBB, INC	added	31.07	10,135	38,956	-%
Apr 23, 2024	Total Clarity Wealth Management, Inc.	new	-	403,520	403,520	0.14%
Apr 23, 2024	Tennessee Valley Asset Management Partners	sold off	-100	-15,908	-	-%
Apr 23, 2024	Sugarloaf Wealth Management, LLC	sold off	-100	-12,133	-	-%
Apr 22, 2024	Accordant Advisory Group Inc	new	-	2,732,640	2,732,640	2.04%
Apr 22, 2024	Raymond James Financial Services Advisors, Inc.	added	4.82	635,631	8,487,510	0.01%
Apr 22, 2024	RAYMOND JAMES & ASSOCIATES	added	1.72	750,034	16,082,800	0.01%
Apr 18, 2024	Capital Advisors, Ltd. LLC	unchanged	-	-	14,000	-%

Are Funds Buying or Selling KRP?

Are funds buying KRP calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own KRP

No. of Funds

KRP Alerts

2 major insider sales recently.

Unveiling Kimbell Royalty Partners LP's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
May 19, 2023	encap partners gp, llc	7.58%	5,369,218	SC 13D/A
Dec 23, 2022	rep hr ii, l.p.	9.0%	6,323,175	SC 13G
Oct 28, 2022	encap energy capital fund vii lp	0.0%	0	SC 13D/A
Jul 29, 2022	pep ii holdings, llc	0.0%	0	SC 13D/A
Apr 01, 2022	pep i holdings, llc	0.0%	0	SC 13D/A
Feb 14, 2022	price t rowe associates inc /md/	4.7%	2,200,685	SC 13G/A
Sep 21, 2021	fortson ben j.	0.5%	218,883	SC 13D/A
Sep 16, 2021	ngp xi mineral holdings, llc	0.0%	0	SC 13G/A
Jul 14, 2021	kkr upstream associates llc	7.5%	2,961,389	SC 13G
Feb 16, 2021	sep i holdings, llc	4.8%	1,857,125	SC 13G/A

Recent SEC filings of Kimbell Royalty Partners LP

View All Filings

Date Filed	Form Type	Document
Mar 20, 2024	4	Insider Trading
Mar 19, 2024	144	Notice of Insider Sale Intent
Mar 19, 2024	4	Insider Trading
Mar 13, 2024	4	Insider Trading
Mar 11, 2024	144	Notice of Insider Sale Intent
Mar 07, 2024	144	Notice of Insider Sale Intent
Mar 07, 2024	4	Insider Trading
Mar 06, 2024	144	Notice of Insider Sale Intent
Mar 05, 2024	144	Notice of Insider Sale Intent
Mar 05, 2024	4	Insider Trading

Kimbell Royalty Partners LP News

Latest updates

Kimbell Royalty Partners LP Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	52.6%	105,682,780	69,237,603	56,981,614	66,916,472	46,180,516	73,867,992	78,591,469	33,754,513	55,677,022	31,794,314	25,724,790	22,419,090	23,287,347	18,444,163	12,803,034	35,947,371	25,362,609	32,978,851	31,936,601	17,947,209	30,251,018
Costs and Expenses	73.2%	72,576,322	41,914,215	36,113,901	33,589,384	29,804,050	26,924,063	28,796,434	25,616,859	24,036,577	21,696,081	20,137,217	20,434,649	115,404,497	43,405,448	87,931,490	94,474,020	127,336,797	60,241,127	50,352,636	21,870,009	30,625,291
S&GA Expenses	-12.0%	9,115,751	10,358,674	7,925,159	8,278,267	7,190,410	7,482,814	7,866,176	6,589,259	6,729,676	6,766,628	6,684,830	6,796,385	6,402,190	6,110,846	6,865,149	6,524,311	5,418,202	5,694,534	6,220,499	5,333,366	5,197,037
EBITDA Margin	-17.5%	0.70	0.85	0.88	0.86	0.85	0.77	0.73	0.68	0.65	-0.36	-0.78	-1.91	-2.24	-2.26	-1.94	-1.19	-0.92	-0.02	0.20	0.41	-0.33
Interest Expenses	11.7%	7,465,417	6,680,661	6,341,118	5,463,404	3,949,631	3,667,534	3,323,290	2,877,855	2,489,840	2,495,465	2,101,700	2,095,098	1,740,154	1,603,006	1,665,597	1,421,304	1,481,069	1,468,419	1,441,651	1,422,563	1,414,817
Income Taxes	1261.8%	1,361,774	100,000	909,057	1,400,000	865,244	-224,883	1,800,000	271,799	-	-	-	-	-190,329	-694,864	-	-	288,627	102,997	507,801	-	-1,952,435
Earnings Before Taxes	2.9%	19,153,866	18,609,397	18,706,088	30,302,521	36,136,107	43,620,231	45,097,607	8,679,043	30,797,685	7,466,496	3,710,599	537,194	-94,030,026	-26,371,488	-76,790,050	-59,784,399	-103,293,880	-28,811,591	-19,857,686	-5,345,363	-1,789,090
EBT Margin	-33.0%	0.29	0.43	0.53	0.58	0.57	0.53	0.46	0.34	0.31	-0.80	-1.29	-2.56	-2.84	-2.88	-2.51	-1.68	-1.45	-0.49	-0.26	-0.06	-0.74
Net Income	-3.5%	17,827,963	18,481,038	17,797,031	28,899,538	35,247,762	43,845,114	43,294,166	8,407,244	30,723,585	7,466,496	3,710,599	537,194	-93,839,697	-25,676,624	-76,790,050	-59,784,399	-103,582,507	-28,914,588	-20,365,487	-5,345,363	163,345
Net Income Margin	-33.8%	0.28	0.42	0.52	0.57	0.56	0.52	0.45	0.34	0.31	-0.80	-1.28	-2.54	-2.83	-2.87	-2.51	-1.68	-1.46	-0.48	-0.27	-0.06	-0.74
Free Cashflow	63.0%	59,308,954	36,386,578	31,183,176	46,718,253	38,295,250	51,214,897	40,087,814	35,697,120	22,024,474	24,787,187	28,143,768	15,145,640	13,985,638	12,043,971	14,422,067	20,452,253	16,387,134	24,500,094	22,996,829	15,476,979	14,603,691

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	-3.7%	1,338	1,390	934	1,046	1,077	822	839	844	601	557	559	564	565	665	695	680	749	829	869	906	753
Current Assets	-2.0%	103	105	71.00	58.00	75.00	66.00	71.00	57.00	45.00	45.00	38.00	34.00	28.00	29.00	27.00	37.00	34.00	40.00	38.00	36.00	38.00
Cash Equivalents	-21.6%	31.00	40.00	21.00	19.00	25.00	17.00	14.00	14.00	7.00	13.00	13.00	8.00	10.00	12.00	11.00	14.00	14.00	20.00	17.00	14.00	16.00
Net PPE	-13.4%	1.00	1.00	1.00	1.00	1.00	1.00	1.00	2.00	2.00	2.00	2.00	2.00	2.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	0.00
Liabilities	-6.1%	309	329	282	244	263	248	276	295	253	245	202	196	186	183	181	108	109	101	94.00	93.00	91.00
Current Liabilities	-14.3%	13.00	15.00	10.00	8.00	19.00	31.00	43.00	49.00	28.00	41.00	29.00	16.00	9.00	8.00	6.00	4.00	5.00	7.00	5.00	4.00	4.00
Float	-	-	-	898,800	-	-	-	838	-	-	-	631	-	-	-	421	-	-	-	345	-	-

Cashflow (Last 12 Months)

(In Thousands)

Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	63.0%	59,309	36,387	31,519	47,054	38,631	51,550	40,423	36,032	22,360	25,123	28,479	15,481	14,321	12,379	14,757	20,788	16,722	24,835	23,332	15,812	14,611
Share Based Compensation	0%	3,326	3,326	3,290	3,170	2,982	2,982	2,949	2,194	2,436	2,761	2,744	2,692	2,174	2,446	2,534	2,108	1,810	1,810	2,113	1,770	1,027
Cashflow From Investing	99.9%	-563	-445,995	200,204	-321	-140,726	-43.22	3,357	-237,311	-54,816	267	-211	-811	-1,994	-341	-77,315	-11,176	-9,616	-4,568	-566	-838	-533
Cashflow From Financing	-115.7%	-67,281	428,359	-230,121	-52,580	110,016	-48,504	-43,217	207,768	26,811	-25,651	-23,431	-16,349	-14,869	-10,952	59,339	-9,334	-13,199	-16,856	-19,421	-17,204	-14,831

KRP Income Statement

2023-12-31

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	12 Months Ended
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenues	$ 267,584,785	$ 281,964,126	$ 175,088,021
Lease bonus and other income	5,594,855	3,073,609	3,319,104
Gain (loss) on commodity derivative instruments, net	20,888,972	(36,978,550)	(42,791,909)
Total revenues	294,068,612	248,059,185	135,615,216
Costs and expenses
Production and ad valorem taxes	20,326,477	16,238,814	10,480,481
Depreciation and depletion expense	96,477,003	50,086,414	36,797,881
Impairment of oil and natural gas properties	18,220,173	0	0
Marketing and other deductions	12,564,619	13,383,074	12,048,643
General and administrative expense	35,677,851	29,128,659	26,977,519
General and administrative expense consolidated variable interest entities	927,699	2,304,445
Total costs and expenses	184,193,822	111,141,406	86,304,524
Operating income	109,874,790	136,917,779	49,310,692
Other income (expense)
Equity income in affiliate		2,668,844	1,119,819
Interest expense	(25,950,600)	(13,818,310)	(9,182,103)
Loss on extinguishment of debt	(480,244)
Other (expense) income	(180,765)	4,043,530	1,263,566
Net income before income taxes	86,771,872	133,532,988	42,511,974
Income tax expense	3,766,302	2,738,702	74,100
Net income	83,005,570	130,794,286	42,437,874
Distribution and accretion on Series A preferred units	(6,310,215)		(11,249,969)
Net income and distributions and accretion on Series A preferred units attributable to non-controlling interests	(16,464,890)	(18,822,552)	(8,496,104)
Distribution on Class B units	(88,786)	(42,243)	(76,780)
Net income attributable to common units of Kimbell Royalty Partners, LP	$ 60,141,679	$ 111,929,491	$ 22,615,021
Net income per unit attributable to common units of Kimbell Royalty Partners, LP
Net income per unit attributable to common units (basic) (in dollar per share)	$ 0.93	$ 1.75	$ 0.56
Net income per unit attributable to common units (diluted) (in dollar per share)	$ 0.91	$ 1.72	$ 0.51
Weighted average number of common units outstanding
Weighted average number of common units outstanding Basic (in units)	66,595,273	54,112,595	40,400,907
Weighted average number of common units outstanding Diluted (in units)	93,057,731	65,837,017	60,957,824
Consolidated variable interest entities
Other income (expense)
Interest earned on marketable securities in trust account	$ 3,508,691	$ 3,721,145
Oil, natural gas and NGL revenues
Revenues	267,584,785	281,964,126	$ 175,088,021
Lease bonus and other income
Revenues	$ 5,594,855	$ 3,073,609	$ 3,319,104

KRP Balance Sheet

2023-12-31

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 30,992,670	$ 24,635,718
Oil, natural gas and NGL receivables	59,020,471	46,993,711
Derivative assets	11,427,735
Accounts receivable and other current assets	1,699,536	3,562,912
Total current assets	103,140,412	75,192,341
Property and equipment, net	589,895	953,781
Oil and natural gas properties
Oil and natural gas properties, using full cost method of accounting ($222,712,844 and $207,695,343 excluded from depletion at December 31, 2023 and 2022, respectively)	2,048,690,088	1,465,985,718
Less: accumulated depreciation, depletion and impairment	(827,033,944)	(712,716,951)
Total oil and natural gas properties	1,221,656,144	753,268,767
Right-of-use assets, net	2,189,243	2,525,323
Derivative assets	2,888,051	754,786
Loan origination costs, net	7,325,471	3,004,104
Total assets	1,337,789,216	1,076,746,299
Current liabilities
Accounts payable	6,594,736	1,210,337
Other current liabilities	6,173,314	4,909,510
Derivative liabilities	208,710	12,646,720
Total current liabilities	12,976,760	18,766,567
Operating lease liabilities, excluding current portion	1,887,693	2,236,361
Derivative liabilities	60,094	432,142
Long-term debt	294,200,000	233,015,911
Other liabilities	197,917	322,917
Total liabilities	309,322,464	263,336,623
Commitments and contingencies (Note 16)
Mezzanine equity:
Series A preferred units (325,000 units and zero units issued and outstanding as of December 31, 2023 and 2022, respectively)	314,423,572
Redeemable non-controlling interest in Kimbell Tiger Acquisition Corporation		236,900,000
Kimbell Royalty Partners, LP unitholders' equity:
Common units (73,851,458 units and 64,231,833 units issued and outstanding as of December 31, 2023 and 2022, respectively)	670,530,748	601,841,776
Class B units (20,847,295 and 15,484,400 units issued and outstanding as of December 31, 2023 and 2022, respectively)	1,042,365	774,220
Total Kimbell Royalty Partners, LP unitholders' equity	671,573,113	602,615,996
Non-controlling interest (deficit) in OpCo	42,470,067	(26,106,320)
Total unitholders' equity	714,043,180	576,509,676
Total liabilities, mezzanine equity and unitholders' equity	$ 1,337,789,216	1,076,746,299
Consolidated variable interest entities
Current assets
Investment held in trust		240,621,146
Prepaid expenses		35,201
Oil and natural gas properties
Cash		390,850
Current liabilities
Other current liabilities		512,725
Deferred underwriting commissions		$ 8,050,000

About Kimbell Royalty Partners LP

Kimbell Royalty Partners, LP, together with its subsidiaries, engages in acquiring and owning mineral and royalty interests in oil and natural gas properties in the United States. The company serves as the general partner of the company. Kimbell Royalty Partners, LP was incorporated in 2015 and is based in Fort Worth, Texas.

CEO	Mr. Robert Dean Ravnaas
WEBSITE	kimbellrp.com
INDUSTRY	Oil - E&P

Kimbell Royalty Partners LP Frequently Asked Questions

What is the ticker symbol for Kimbell Royalty Partners LP? What does KRP stand for in stocks?

KRP is the stock ticker symbol of Kimbell Royalty Partners LP. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Kimbell Royalty Partners LP (KRP)?

As of Tue Apr 23 2024, market cap of Kimbell Royalty Partners LP is 413.33 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of KRP stock?

You can check KRP's fair value in chart for subscribers.

What is the fair value of KRP stock?

You can check KRP's fair value in chart for subscribers. The fair value of Kimbell Royalty Partners LP is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Kimbell Royalty Partners LP is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for KRP so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Kimbell Royalty Partners LP a good stock to buy?

The fair value guage provides a quick view whether KRP is over valued or under valued. Whether Kimbell Royalty Partners LP is cheap or expensive depends on the assumptions which impact Kimbell Royalty Partners LP's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for KRP.

What is Kimbell Royalty Partners LP's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue Apr 23 2024, KRP's PE ratio (Price to Earnings) is 4.12 and Price to Sales (PS) ratio is 1.52. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. KRP PE ratio will change depending on the future growth rate expectations of investors.