Le Lézard
Classified in: Oil industry

Kimbell Royalty Partners Declares Fourth Quarter 2021 Distribution

FORT WORTH, Texas, Jan. 21, 2022 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell"), a leading owner of oil and natural gas mineral and royalty interests in more than 122,000 gross wells across 28 states, today announced that the Board of Directors of Kimbell Royalty GP, LLC, Kimbell's general partner, approved a cash distribution payment of 75% of projected cash available for distribution for the fourth quarter of 2021, or $0.37 per common unit.  The distribution will be payable on February 7, 2022 to common unitholders of record at the close of business on January 31, 2022.  Kimbell intends to utilize the remaining 25% of Q4 2021 projected cash available for distribution to pay down a portion of the outstanding borrowings under Kimbell's credit facility.  Since May 2020 (excluding the expected upcoming pay down from the remaining 25% of Q4 2021 projected cash available for distribution), Kimbell has paid down approximately $44.5 million of outstanding borrowings under its credit facility from allocating a portion of its cash available for distribution for debt pay down. 

About Kimbell Royalty Partners

Kimbell (NYSE: KRP) is a leading oil and gas mineral and royalty company based in Fort Worth, Texas.  Kimbell owns mineral and royalty interests in approximately 13 million gross acres in 28 states and in every major onshore basin in the continental United States, including ownership in more than 122,000 gross wells with over 46,000 wells in the Permian Basin.  To learn more, visit kimbellrp.com.

Forward-Looking Statements

This news release includes forward-looking statements, including statements relating to the tax treatment of Kimbell's distributions. These and other forward-looking statements involve risks and uncertainties, including risks and uncertainties relating to Kimbell Royalty Operating, LLC's realized income and depletions deductions and production from the mineral and royalty interests owed by Kimbell Royalty Operating, LLC, Kimbell's business and the securities markets generally and other risks described in Kimbell's Annual Report on Form 10-K and other filings with the Securities and Exchange Commission (the "SEC"), available at the SEC's website at www.sec.gov. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in Kimbell's filings with the SEC. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this news release. Except as required by law, Kimbell undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this news release.

Rick Black
Dennard Lascar Investor Relations
[email protected]
(713) 529-6600

SOURCE Kimbell Royalty Partners, LP

These press releases may also interest you

at 09:30
Ulteig, a leading provider of comprehensive engineering/design, program management, technical services and field services, announces the appointment of Susan Aspelund as Chief Financial Officer (CFO). Aspelund is a seasoned leader who brings the...

at 09:20
As part of the Developers Advocating Transmission Advancements (DATA) Coalition, ITC Holdings Corp. along with Ameren, Eversource Energy, Exelon Corporation, National Grid USA, Public Service Electric and Gas Company and Xcel Energy announces today a...

at 09:20
Electra Battery Materials Corporation ("Electra") announces that it has updated its at-the-market equity program (the "ATM Program") to issue up to C$20,000,000 (or its equivalent in U.S. currency) of common shares ("Common Shares") in the United...

at 09:04
Well construction expert, DeltaTek Global, has announced surpassing a cost saving milestone, reinforcing the continued benefits its technology brings to industry operators. Thanks to the deployment of its pioneering subsea solutions, DeltaTek has...

at 09:00
Suburban Propane Partners, L.P. , a national distributor of propane, fuel oil and related products and services, as well as a marketer of natural gas and electricity and investor in low carbon fuel alternatives, has teamed up with longtime partners...

at 09:00
Covanta Holding Corporation ("Covanta" or the "Company") will host a conference call at 11:00 AM (Eastern) on Friday, May 27, 2022 to discuss its first quarter results....

News published on 21 january 2022 at 17:24 and distributed by: