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Kimbell Royalty Partners

DB:0R3
Snowflake Description

Excellent balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
0R3
DB
$323M
Imp Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Kimbell Royalty Partners, LP acquires and owns mineral and royalty interests in oil and natural gas properties in the United States. The last earnings update was 39 days ago. More info.


Add to Portfolio Compare Print
  • Kimbell Royalty Partners is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • Kimbell Royalty Partners has significant price volatility in the past 3 months.
0R3 Share Price and Events
7 Day Returns
-0.3%
DB:0R3
6.5%
DE Oil and Gas
2.1%
DE Market
1 Year Returns
-66.1%
DB:0R3
28.1%
DE Oil and Gas
-16.6%
DE Market
0R3 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Kimbell Royalty Partners (0R3) -0.3% -43.3% -65.5% -66.1% -70.6% -
DE Oil and Gas 6.5% -7.3% -23.7% 28.1% -18.9% 149.7%
DE Market 2.1% -12.6% -22.9% -16.6% -21.9% -27.8%
1 Year Return vs Industry and Market
  • 0R3 underperformed the Oil and Gas industry which returned 28.1% over the past year.
  • 0R3 underperformed the Market in Germany which returned -16.6% over the past year.
Price Volatility
0R3
Industry
5yr Volatility vs Market

0R3 Value

 Is Kimbell Royalty Partners undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Kimbell Royalty Partners to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Kimbell Royalty Partners.

DB:0R3 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in USD $ 1.2177755555556
Payout Ratio Company Filings (2019-12-31) -6252.4%
Discount Rate (Cost of Equity) See below 5.7%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:0R3
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.95
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.948 (1 + (1- 21%) (32.06%))
1.126
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.13
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.126 * 5.44%)
5.73%

Discounted Cash Flow Calculation for DB:0R3 using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Kimbell Royalty Partners is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

DB:0R3 Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= $1.22 / (5.73% - -0.39%)
$4.5
DB:0R3 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:0R3 represents 0.9017x of NYSE:KRP
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.9017x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 5.54 x 0.9017
€4.99
Value per share (EUR) From above. €4.99
Current discount Discount to share price of €5.31
= -1 x (€5.31 - €4.99) / €4.99
-6.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Kimbell Royalty Partners is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Kimbell Royalty Partners's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Kimbell Royalty Partners's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:0R3 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $-3.92
NYSE:KRP Share Price ** NYSE (2020-04-07) in USD $5.89
Europe Oil and Gas Industry PE Ratio Median Figure of 104 Publicly-Listed Oil and Gas Companies 6.51x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 16.83x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Kimbell Royalty Partners.

DB:0R3 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:KRP Share Price ÷ EPS (both in USD)

= 5.89 ÷ -3.92

-1.5x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Kimbell Royalty Partners is loss making, we can't compare its value to the Europe Oil and Gas industry average.
  • Kimbell Royalty Partners is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Kimbell Royalty Partners's expected growth come at a high price?
Raw Data
DB:0R3 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.5x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
108.6%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 66 Publicly-Listed Oil and Gas Companies 0.32x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.22x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Kimbell Royalty Partners, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Kimbell Royalty Partners's assets?
Raw Data
DB:0R3 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $12.07
NYSE:KRP Share Price * NYSE (2020-04-07) in USD $5.89
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 1x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.45x
DB:0R3 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:KRP Share Price ÷ Book Value per Share (both in USD)

= 5.89 ÷ 12.07

0.49x

* Primary Listing of Kimbell Royalty Partners.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Kimbell Royalty Partners is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Kimbell Royalty Partners's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Kimbell Royalty Partners has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

0R3 Future Performance

 How is Kimbell Royalty Partners expected to perform in the next 1 to 3 years based on estimates from 8 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
108.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Kimbell Royalty Partners expected to grow at an attractive rate?
  • Kimbell Royalty Partners's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Kimbell Royalty Partners's earnings growth is expected to exceed the Germany market average.
  • Kimbell Royalty Partners's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:0R3 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:0R3 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 108.6%
DB:0R3 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 3.9%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13.1%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:0R3 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:0R3 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 115 -3 1
2023-12-31 115 -3 1
2022-12-31 128 82 -5 4
2021-12-31 128 79 4 8
2020-12-31 106 71 -15 7
2020-04-07
DB:0R3 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 110 81 -83
2019-09-30 106 79 -33
2019-06-30 97 58 -21
2019-03-31 79 42 -2
2018-12-31 67 33 -57
2018-09-30 54 23 -54
2018-06-30 41 24 -50
2018-03-31 37 23 -51
2017-12-31 31 19 1
2017-09-30 22 14 0
2017-06-30 15 9 -1
2017-03-31 8 4 -2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Kimbell Royalty Partners's earnings are expected to grow significantly at over 20% yearly.
  • Kimbell Royalty Partners's revenue is expected to grow by 3.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:0R3 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below

All data from Kimbell Royalty Partners Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:0R3 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31 -0.05 -0.05 -0.05 1.00
2023-12-31 -0.04 -0.04 -0.04 1.00
2022-12-31 0.10 0.46 -0.13 3.00
2021-12-31 0.07 0.40 -0.22 5.00
2020-12-31 -0.21 0.20 -0.55 5.00
2020-04-07
DB:0R3 Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 -3.92
2019-09-30 -1.69
2019-06-30 -1.03
2019-03-31 -0.13
2018-12-31 -3.08
2018-09-30 -2.95
2018-06-30 -3.07
2018-03-31 -3.14
2017-12-31 0.08
2017-09-30 0.00
2017-06-30 -0.14
2017-03-31 -0.83

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Kimbell Royalty Partners will efficiently use shareholders’ funds in the future (Return on Equity greater than 20%) as it is not expected to be profitable.
X
Future performance checks
We assess Kimbell Royalty Partners's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Kimbell Royalty Partners has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

0R3 Past Performance

  How has Kimbell Royalty Partners performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Kimbell Royalty Partners's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Kimbell Royalty Partners does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Kimbell Royalty Partners's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Kimbell Royalty Partners's 1-year growth to the Europe Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Kimbell Royalty Partners's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Kimbell Royalty Partners Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:0R3 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 109.96 -83.03 30.81
2019-09-30 105.65 -33.32 30.17
2019-06-30 96.62 -20.77 28.71
2019-03-31 78.67 -2.48 25.75
2018-12-31 66.93 -56.77 21.50
2018-09-30 53.87 -54.10 17.58
2018-06-30 40.78 -50.27 13.75
2018-03-31 37.29 -51.39 11.71
2017-12-31 30.98 1.22 10.48
2017-09-30 22.01 -0.04 8.09
2017-06-30 14.63 -0.93 6.14
2017-03-31 7.72 -2.38 4.14
2016-12-31 3.61 -6.21 2.50
2016-09-30 3.59 -10.01 1.89
2016-06-30 3.91 -17.33 1.98
2016-03-31 4.17 -17.20 1.87
2015-12-31 4.68 -31.31 2.54
2015-09-30 5.47 -29.66 2.69
2015-06-30 5.97 -23.91 2.26
2015-03-31 6.68 -24.21 1.97
2014-12-31 7.22 -7.41 2.28
2013-12-31 5.02 -3.84 0.32

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Kimbell Royalty Partners has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Kimbell Royalty Partners has efficiently used its assets last year compared to the Europe Oil and Gas industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Kimbell Royalty Partners improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Kimbell Royalty Partners's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Kimbell Royalty Partners has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

0R3 Health

 How is Kimbell Royalty Partners's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Kimbell Royalty Partners's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Kimbell Royalty Partners is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Kimbell Royalty Partners's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Kimbell Royalty Partners's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Kimbell Royalty Partners Company Filings, last reported 3 months ago.

DB:0R3 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 639.89 100.14 14.20
2019-09-30 727.25 91.26 20.30
2019-06-30 775.12 87.31 16.89
2019-03-31 812.88 87.31 13.54
2018-12-31 662.18 87.31 15.77
2018-09-30 524.80 148.31 16.53
2018-06-30 198.88 42.97 8.33
2018-03-31 203.85 30.84 6.84
2017-12-31 262.07 30.84 5.63
2017-09-30 265.89 22.21 6.23
2017-06-30 270.29 18.27 5.83
2017-03-31 273.66 3.88 3.89
2016-12-31 8.63 10.60 0.51
2016-09-30 8.68 10.90 0.68
2016-06-30
2016-03-31 10.34 11.30 0.37
2015-12-31 14.24 11.45 0.38
2015-09-30
2015-06-30 26.77 10.70 0.50
2015-03-31 48.20 9.00 0.27
2014-12-31 48.20 9.00 0.27
2013-12-31 25.62 0.00 10.05
  • Kimbell Royalty Partners's level of debt (15.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (18.7% vs 15.6% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making Kimbell Royalty Partners has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Kimbell Royalty Partners has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 11.8% per year.
X
Financial health checks
We assess Kimbell Royalty Partners's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Kimbell Royalty Partners has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

0R3 Dividends

 What is Kimbell Royalty Partners's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
26.49%
Current annual income from Kimbell Royalty Partners dividends. Estimated to be 20.68% next year.
If you bought €2,000 of Kimbell Royalty Partners shares you are expected to receive €530 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Kimbell Royalty Partners's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.67%).
  • Kimbell Royalty Partners's dividend is above the markets top 25% of dividend payers in Germany (4.71%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:0R3 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 8.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.7%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:0R3 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-12-31 1.19 1.00
2023-12-31 1.20 1.00
2022-12-31 1.30 4.00
2021-12-31 1.28 6.00
2020-12-31 1.11 6.00
2020-04-07
DB:0R3 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-01-24 1.560 18.211
2019-01-25 1.700 10.656
2018-10-26 1.800 11.102
2018-07-27 1.720 8.229
2018-04-27 1.680 8.058
2018-01-26 1.440 7.725
2017-10-27 1.240 7.423
2017-07-28 1.200 7.511
2017-05-02 0.920 5.243

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Kimbell Royalty Partners has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Kimbell Royalty Partners only paid a dividend in the past 3 years.
Current Payout to shareholders
What portion of Kimbell Royalty Partners's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (0.3x coverage).
X
Income/ dividend checks
We assess Kimbell Royalty Partners's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Kimbell Royalty Partners afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Kimbell Royalty Partners has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

0R3 Management

 What is the CEO of Kimbell Royalty Partners's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Robert Ravnaas
COMPENSATION $946,072
AGE 61
TENURE AS CEO 4.4 years
CEO Bio

Mr. Robert Dean Ravnaas serves as President at KRP Bakken I LLC. He is Co-Owner at Rivercrest Royalties Holdings, LLC. Mr. Ravnaas has been Chief Executive Officer and Chairman of Kimbell Royalty GP LLC, the general partner of Kimbell Royalty Partners, LP since November 2015. He has been President of Rivercrest Royalties, LLC since 2013 and Rivercrest Royalties II, LLC since 2014. He has been President of Cawley, Gillespie & Associates, Inc., a petroleum engineering firm, since 2011. He is a partial owner of certain of the Contributing Parties. He has broad knowledge and extensive experience in the oil and gas industry. Prior to joining Cawley, Gillespie & Associates, Inc. in 1983, he worked as a Production Engineer for Amoco Production Company from 1981 to 1983. He has been Director of Rivercrest Royalties II, LLC since 2014. He has been Director of Rivercrest Royalties, LLC since 2013. He is a Registered Professional Engineer in Texas and a Member of the Society of Petroleum Engineers, the Society of Petroleum Evaluation Engineers and the American Association of Petroleum Geologists. He received a Bachelor of Science degree with special honors in Chemical Engineering from the University of Colorado at Boulder and a Master of Science degree in Petroleum Engineering from the University of Texas at Austin.

CEO Compensation
  • Robert's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Robert's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Kimbell Royalty Partners management team in years:

3.8
Average Tenure
46
Average Age
  • The tenure for the Kimbell Royalty Partners management team is about average.
Management Team

Robert Ravnaas

TITLE
CEO & Chairman of Kimbell Royalty GP LLC
COMPENSATION
$946K
AGE
61
TENURE
4.4 yrs

Brett Taylor

TITLE
Executive Vice Chairman of Kimbell Royalty GP LLC
COMPENSATION
$527K
AGE
58

Robert Ravnaas

TITLE
President
COMPENSATION
$817K
AGE
33
TENURE
4.4 yrs

Matt Daly

TITLE
COO & Secretary of Kimbell Royalty GP LLC
COMPENSATION
$611K
AGE
46
TENURE
2.9 yrs

R. Rhynsburger

TITLE
Controller of Kimbell Royalty GP LLC
AGE
32
TENURE
3.2 yrs
Board of Directors Tenure

Average tenure and age of the Kimbell Royalty Partners board of directors in years:

4.4
Average Tenure
60
Average Age
  • The tenure for the Kimbell Royalty Partners board of directors is about average.
Board of Directors

Brett Taylor

TITLE
Executive Vice Chairman of Kimbell Royalty GP LLC
COMPENSATION
$527K
AGE
58
TENURE
4.4 yrs

Bill Adams

TITLE
Independent Director of Kimbell Royalty GP LLC
COMPENSATION
$95K
AGE
60
TENURE
13.3 yrs

Robert Ravnaas

TITLE
CEO & Chairman of Kimbell Royalty GP LLC
COMPENSATION
$946K
AGE
61
TENURE
4.4 yrs

Craig Stone

TITLE
Independent Director of Kimbell Royalty GP LLC
COMPENSATION
$95K
AGE
55

Ben Fortson

TITLE
Director of Kimbell Royalty GP LLC
AGE
86
TENURE
4.4 yrs

T. Martin

TITLE
Director of Kimbell Royalty GP LLC
COMPENSATION
$60K
AGE
69
TENURE
4.4 yrs

Mitch Wynne

TITLE
Director of Kimbell Royalty GP LLC
COMPENSATION
$120K
AGE
60
TENURE
4.4 yrs

Erik Daugbjerg

TITLE
Independent Director of Kimbell Royalty GP LLC
COMPENSATION
$95K
AGE
49
TENURE
2 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Kimbell Royalty Partners individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
25. Mar 20 Buy Brett Taylor Individual 24. Mar 20 24. Mar 20 12,000 €4.38 €52,577
25. Mar 20 Buy Peter Alcorn Individual 23. Mar 20 23. Mar 20 5,000 €3.65 €18,250
25. Mar 20 Buy Mitch Wynne Individual 24. Mar 20 24. Mar 20 4,000 €4.02 €16,081
25. Mar 20 Buy Robert Ravnaas Individual 24. Mar 20 24. Mar 20 39,390 €4.39 €172,948
24. Mar 20 Buy Matthew Daly Individual 23. Mar 20 23. Mar 20 27,000 €3.56 €96,034
23. Mar 20 Buy Brett Taylor Individual 19. Mar 20 19. Mar 20 27,500 €4.11 €112,079
20. Mar 20 Buy Robert Ravnaas Individual 19. Mar 20 19. Mar 20 23,775 €4.03 €95,909
20. Mar 20 Buy Mitch Wynne Individual 19. Mar 20 19. Mar 20 2,000 €3.98 €7,956
18. Mar 20 Buy William Adams Individual 17. Mar 20 17. Mar 20 4,000 €5.52 €22,071
13. Mar 20 Buy Erik Daugbjerg Individual 12. Mar 20 12. Mar 20 3,000 €6.90 €20,686
17. Sep 19 Buy Brett Taylor Individual 19. Aug 19 13. Sep 19 16,772 €13.63 €219,270
12. Sep 19 Buy Robert Ravnaas Individual 10. Sep 19 11. Sep 19 3,500 €13.33 €46,647
15. Aug 19 Buy Mitch Wynne Individual 12. Aug 19 12. Aug 19 3,000 €13.18 €39,529
15. Aug 19 Buy William Adams Individual 12. Aug 19 12. Aug 19 5,000 €13.01 €65,036
15. Aug 19 Buy Scott Martin Individual 12. Aug 19 12. Aug 19 3,333 €13.23 €44,095
04. May 19 Sell Haymaker Minerals & Royalties, LLC Company 01. May 19 01. May 19 -3,200,000 €14.45 €-46,243,600
X
Management checks
We assess Kimbell Royalty Partners's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Kimbell Royalty Partners has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

0R3 News

Simply Wall St News

0R3 Company Info

Description

Kimbell Royalty Partners, LP acquires and owns mineral and royalty interests in oil and natural gas properties in the United States. As of December 31, 2019, the company owned mineral and royalty interests in approximately 8.9 million gross acres and overriding royalty interests in approximately 4.6 million gross acres. Its mineral and royalty interests are located in 28 states and include ownership in approximately 94,000 gross producing wells, including approximately 40,000 wells in the Permian Basin. Kimbell Royalty GP, LLC serves as the general partner of the company. Kimbell Royalty Partners, LP was founded in 2013 and is based in Fort Worth, Texas.

Details
Name: Kimbell Royalty Partners, LP
0R3
Exchange: DB
Founded: 2013
$298,525,765
$182,087,968
54,076,258
Website: http://www.kimbellrp.com
Address: Kimbell Royalty Partners, LP
777 Taylor Street,
Suite 810,
Fort Worth,
Texas, 76102,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE KRP Common Units New York Stock Exchange US USD 03. Feb 2017
DB 0R3 Common Units Deutsche Boerse AG DE EUR 03. Feb 2017
Number of employees
Current staff
Staff numbers
0
Kimbell Royalty Partners employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 23:20
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/04/02
Last earnings filing: 2020/02/28
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.