Kimbell Royalty Partners, LP (KRP)
Kimbell Royalty Partners, LP operates in the Oil & Gas Exploration & Production industry of the Energy sector, headquartered in Fort Worth, TX, US. The stock last traded at $15.11, down 0.85% on the session, giving a market capitalisation of $1.49B. On trailing twelve-month figures it carries a trailing P/E of 17.93, a net margin of 24.2%. Its beta of 0.28 implies it has historically moved less than the broad market.
Kimbell Royalty Partners, LP (KRP) and its affiliates are dedicated to acquiring and owning mineral and royalty interests in crude oil and natural gas properties across the United States. As of December 31, 2021, its comprehensive portfolio included approximately 11.4 million gross acres of mineral and royalty interests, alongside an additional 4.7 million gross acres representing overriding royalty interests. These holdings are geographically widespread, covering 28 states, and encompass ownership stakes in an estimated 122,000 gross wells. Notably, a significant portion of these — around 46,000 wells — are located within the highly productive Permian Basin. Kimbell Royalty Partners itself fulfills the role of general partner. The firm was established in 2013 and maintains its corporate headquarters in Fort Worth, Texas.
Kimbell Royalty Partners, LP is most often compared with the following Energy names: