Kimbell Royalty Partners LP (KRP) Announces 3.75M Unit Offering

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Kimbell Royalty Partners LP (KRP) Prices 3.75M Unit Offering at $14/unit

November 10, 2021 5:44 AM EST

Kimbell Royalty Partners, LP (NYSE: KRP) today announced the pricing of its public offering of 3,750,000 common units representing limited partner interests, at a public offering price of $14.00 per common unit. The total gross proceeds of the offering, before underwriters' discounts and estimated offering expenses, will be approximately $52.5 million.... More

Kimbell Royalty Partners LP (KRP) Acquires Mineral and Royalty Interests for $57M Cash

November 9, 2021 4:08 PM EST

Kimbell Royalty Partners, LP (NYSE: KRP), a leading owner of oil and gas mineral and royalty interests in approximately 13 million gross acres in 28 states, today announced that it has agreed to acquire (the "Acquisition") mineral and royalty interests from an undisclosed seller (the "Seller") in an all-cash transaction valued at approximately $57 million, subject to purchase price adjustments and other customary closing adjustments. Kimbell intends to raise the proceeds for the purchase price through a combination of an underwritten public offering of common units (announced substantially concurrently with this release) and borrowings under its revolving... More