Kimbell Royalty Partners(KRP)
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Surging Earnings Estimates Signal Upside for Kimbell Royalty (KRP) Stock
ZACKS· 2024-07-17 01:20
The chart below shows the evolution of forward 12-month Zacks Consensus EPS estimate: Investors have been betting on Kimbell Royalty because of its solid estimate revisions, as evident from the stock's 6% gain over the past four weeks. As its earnings growth prospects might push the stock higher, you may consider adding it to your portfolio right away. The company is expected to earn $0.92 per share for the full year, which represents a change of +1.1% from the prior-year number. Analysts' growing optimism ...
Kimbell Royalty (KRP) Is a Great Choice for 'Trend' Investors, Here's Why
ZACKS· 2024-06-06 21:50
Investors looking to make a profit from stocks that are currently on the move may find our "Recent Price Strength" screen pretty useful. This predefined screen comes handy in spotting stocks that are on an uptrend backed by strength in their fundamentals, and trading in the upper portion of their 52-week high-low range, which is usually an indicator of bullishness. However, it's not enough to look at the price change for around three months, as it doesn't reflect any trend reversal that might have happened ...
Kimbell Royalty Partners Announces Date for Second Quarter 2024 Earnings Release and Conference Call
Prnewswire· 2024-06-05 04:15
FORT WORTH, Texas, June 4, 2024 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell"), a leading owner of oil and natural gas mineral and royalty interests in more than 129,000 gross wells across 28 states, today announced that it will release its second quarter 2024 financial results on Thursday, August 1, 2024, before the market opens. Kimbell will also declare its second quarter 2024 distribution concurrent with this release. In conjunction with the earnings release, Kimbell has scheduled ...
Kimbell Royalty Partners Mourns the Passing of Board Member Ben J. Fortson
Prnewswire· 2024-05-20 20:00
FORT WORTH, Texas, May 20, 2024 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) is saddened to announce the passing of board member Ben J. Fortson. Mr. Fortson had nearly 60 years of experience in the oil and gas industry and served as President and Chief Executive Officer of Fortson Oil Company since 1986. He also served as Chief Investment Officer and Executive Vice President of the Kimbell Art Foundation since 1975. Mr. Fortson began investing in oil and natural gas minerals and royalties in the ...
Kimbell Royalty Partners(KRP) - 2024 Q1 - Earnings Call Transcript
2024-05-03 05:20
财务数据和关键指标变化 - 第一季度油气及天然气液化收入达到87.5亿美元,较上一季度增长4.2%,创历史新高 [8] - 第一季度日产量达到24,678桶油当量,较上一季度增长1.4%,年化增长5.6% [8] - 第一季度总调整后EBITDA达到74.1亿美元,较上一季度增长7.4%,创历史新高 [9] - 第一季度净收益约9.3亿美元,归属普通合伙单位净收益约3.2亿美元,每单位0.04美元 [9] 各条业务线数据和关键指标变化 - 公司在Permian盆地和中大陆地区的钻井活跃度保持强劲,第一季度分别有98口井在公司资产上处于钻探状态 [16][17] - 尽管Haynesville地区钻井活跃度有所下降,但中大陆地区的钻井活跃度大幅增加,抵消了Haynesville地区的下降 [16][17] 各个市场数据和关键指标变化 - 公司在Permian盆地的资产仍是主要的增长动力,预计未来一年内该地区将有更多大规模并购交易 [13][14] - 中大陆地区的资产表现出乎意料的强劲,尽管该地区过去几年一直处于不景气状态,但公司看好该地区未来的发展前景 [15][16][17] 公司战略和发展方向及行业竞争 - 公司保持谨慎的资产负债表管理策略,净债务与调整后EBITDA比率维持在1倍左右,财务灵活性强 [9][10] - 公司将继续关注Permian盆地和中大陆地区的并购机会,同时也不排斥在其他地区进行并购 [13][43] - 公司对油气行业的长期前景保持乐观,认为行业整体需求和运营商的积极情绪将为矿权和特许权行业带来正面影响 [10][11] 管理层对经营环境和未来前景的评论 - 管理层对公司2024年的前景保持乐观,认为公司有足够的发展动能来维持产量增长 [10] - 管理层对Haynesville地区的前景持谨慎态度,预计该地区的活动水平未来可能会有所下降 [26][27][35] - 管理层对中大陆地区的前景保持乐观,认为该地区的活动水平将保持强劲 [15][16][17] 问答环节重要的提问和回答 问题1 **Nate Pendleton 提问** 询问公司在并购市场的情况,特别是在哪些盆地以及什么规模的交易机会最有吸引力 [13][14] **Davis Ravnaas 回答** - 今年并购市场开局相对平缓,大部分有规模的机会集中在Permian盆地 [13][14] - 公司将关注Permian盆地100万美元以上的并购交易机会 [13][14] 问题2 **Trafford Lamar 提问** 询问公司在油气价差环境下,对油资产和气资产的收购意愿 [20][21][22][23][24] **Davis Ravnaas 回答** - 公司近期未看到大规模的天然气资产并购机会,主要是由于大型天然气资产所有者近年来已经退出了市场 [21][22] - 对于油资产,由于现货价格与远期价格存在差异,在现金流和净资产价值评估方面存在一定分歧,但公司认为仍有机会达成双方满意的交易 [22][23][24] 问题3 **Tim Rezvan 提问** 询问公司2024年产量指引是否会调整,以及钻井活跃度的变化趋势 [32][33][34][35] **Davis Ravnaas 回答** - 公司维持2024年产量指引不变,第一季度产量略高于中值,未来12个月内公司有信心维持产量增长 [33][34][35] - 公司对Haynesville地区的活跃度有所担忧,但中大陆地区的强劲表现抵消了Haynesville地区的下降 [35]
Kimbell Royalty Partners(KRP) - 2024 Q1 - Quarterly Report
2024-05-03 04:28
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-38005 Kimbell Royalty Partners, LP (Exact name of registrant as specified in its charter) Delaware 1311 47-5505475 (Stat ...
Kimbell Royalty (KRP) Lags Q1 Earnings Estimates
Zacks Investment Research· 2024-05-02 21:16
Kimbell Royalty (KRP) came out with quarterly earnings of $0.04 per share, missing the Zacks Consensus Estimate of $0.19 per share. This compares to earnings of $0.36 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -78.95%. A quarter ago, it was expected that this company would post earnings of $0.32 per share when it actually produced earnings of $0.14, delivering a surprise of -56.25%.Over the last four quarters, the company ...
Kimbell Royalty Partners(KRP) - 2024 Q1 - Quarterly Results
2024-05-02 19:18
Exhibit 99.1 NEWS RELEASE Kimbell Royalty Partners Announces Record First Quarter 2024 Results Record Q1 2024 Run-Rate Daily Production of 24,678 Boe/d (6:1) Exceeds Mid-Point of Guidance Record Q1 2024 Oil, Natural Gas and NGL Revenues and Adjusted EBITDA Activity on Acreage Remains Robust with 98 Active Rigs Drilling Representing 16% Market Share of U.S. Land Rig Count Announces Q1 2024 Cash Distribution of $0.49 per Common Unit FORT WORTH, Texas, May 2, 2024 – Kimbell Royalty Partners, LP (NYSE: KRP) (“K ...
Kimbell Royalty Partners(KRP) - 2023 Q4 - Annual Report
2024-02-22 05:01
f UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-38005 Kimbell Royalty Partners, LP (Exact name of registrant as specified in its charter) Delaware 1311 47-5505475 (State or other jurisd ictio ...
Kimbell Royalty Partners(KRP) - 2023 Q4 - Earnings Call Transcript
2024-02-22 03:56
Kimbell Royalty Partners, LP (NYSE:KRP) Q4 2023 Earnings Conference Call February 21, 2024 11:00 AM ET Company Participants Rick Black - IR Bob Ravnaas - Chairman & CEO Davis Ravnaas - President & CFO Blayne Rhynsburger - Controller Matthew Daly - COO Conference Call Participants Neal Dingmann - Truist Securities Jon Mardini - KeyBanc Capital Markets Derrick Whitfield - Stifel Paul Diamond - Citi Grant Adkins - Raymond James Aaron Bilkoski - TD Cowen Operator Welcome to the Kimbell Royalty Partners Fo ...