Kimbell Royalty Partners falls after announcing acquisition, equity offering

Kimbell Royalty Partners, LP

07/01/2025 21:35

**  Shares of Kimbell Royalty Partners  KRP.N  fall 4.7% to
$15.50 post-market as co looks to fund acquisition via equity
raise
  
    ** Fort Worth-based firm  will buy oil and natural gas
mineral and royalty interests in the Midland Basin, with approx
875 producing wells on over 68,000 gross acres in $231 mln in
cash-and-unit deal
  
    ** Co  offering of 9 mln common units to fund cash portion
of the acquisition of interests held by Boren Minerals
  
    ** Citi, JP Morgan and RBC jt bookrunners for offering
  
    ** KRP shares on Tues closed up 0.4% at $16.27. They were
trading around $15 a year ago
  
    ** Co has ~95.5 mln shares outstanding for ~$1.6 bln market
cap, per LSEG
  

(Lance Tupper is a Reuters market analyst. The views expressed
are his own)
((lance.tupper@tr.com 1-646-279-6380))