Kimbell Royalty to buy assets in Northern Midland Basin, shares rise

Kimbell Royalty Partners, LP

12/04/2023 15:52

** Shares of oil and gas mineral royalty company Kimbell Royalty Partners LP  KRP.N   rise
2.8% to $16.40
    ** Co to buy certain mineral and royalty interests in Northern Midland Basin from MB
Minerals, L.P., unit of Sabalo Holdings
    ** Cash and unit transaction valued at $143.1 million
    ** Deal expected to be immediately accretive to distributable cash flow per unit
    ** KRP stock down 1.4% YTD

 (Reporting by Rupali Chaudhary in Bengaluru)
 ((Rupali.chaudhary@thomsonreuters.com))