KRP / Kimbell Royalty Partners: Business-As-Usual During 2022, Albeit Very Profitable With A 10%+ Yield

Kimbell Royalty Partners, LP (NYSE:KRP ) Q3 2023 Earnings Conference Call November 2, 2023 11:00 AM ET Company Participants Rick Black - IR Bob Ravnaa more_horizontal

Kimbell Royalty (KRP) came out with quarterly earnings of $0.19 per share, missing the Zacks Consensus Estimate of $0.34 per share. This compares to e more_horizontal

Kimbell Royalty Partners is well positioned to increase its dividend in 2024 with its recent acquisition of mineral right assets in the Permian. The P more_horizontal

Kimbell recently closed its acquisition of mineral and royalty interests from LongPoint Minerals II. It ended up issuing $325 million in Series A Pref more_horizontal

Kimbell Royalty (KRP) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions more_horizontal

After losing some value lately, a hammer chart pattern has been formed for Kimbell Royalty (KRP), indicating that the stock has found support. This, c more_horizontal

Kimbell recently closed on a $143.1 million Northern Midland Basin acquisition. This acquisition should boost its distributable cash flow per unit by more_horizontal

Kimbell is projected to generate $1.68 per unit in distributable cash flow in 2023 at the current strip. Around 58% of its production is natural gas a more_horizontal