{"id":517181,"date":"2021-07-23T16:28:10","date_gmt":"2021-07-23T20:28:10","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/kimbell-royalty-partners-declares-second-quarter-2021-distribution\/"},"modified":"2021-07-23T16:28:10","modified_gmt":"2021-07-23T20:28:10","slug":"kimbell-royalty-partners-declares-second-quarter-2021-distribution","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/kimbell-royalty-partners-declares-second-quarter-2021-distribution\/","title":{"rendered":"Kimbell Royalty Partners Declares Second Quarter 2021 Distribution"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>FORT WORTH,\u00a0Texas, <span class=\"xn-chron\">July 23, 2021<\/span> \/PRNewswire\/ &#8212;\u00a0Kimbell Royalty Partners,\u00a0LP (NYSE: KRP) (&#8220;Kimbell&#8221;), a leading owner of oil and natural gas mineral and royalty interests in more than 97,000 gross wells across 28 states,\u00a0today announced that the Board of Directors of Kimbell Royalty GP, LLC, Kimbell&#8217;s general partner, approved a cash distribution payment of 75% of projected cash available for distribution for the second quarter of 2021, or <span class=\"xn-money\">$0.31<\/span> per common unit.\u00a0 The distribution will be payable on <span class=\"xn-chron\">August 9, 2021<\/span> to common unitholders of record at the close of business on <span class=\"xn-chron\">August 2<\/span>, 2021.\u00a0 Kimbell intends to utilize the remaining 25% of Q2 2021 projected cash available for distribution to pay down a portion of the outstanding borrowings under Kimbell&#8217;s credit facility.\u00a0 Since <span class=\"xn-chron\">May 2020<\/span> (excluding the expected upcoming pay down from the remaining 25% of Q2 2021 projected cash available for distribution), Kimbell has paid down approximately <span class=\"xn-money\">$30.6 million<\/span> of outstanding borrowings under its credit facility from allocating a portion of its cash available for distribution for debt pay down.\u00a0 <\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prnbcc\">\n<tr>\n<td colspan=\"7\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Kimbell &#8211; Supplemental Distribution Data<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\">\n              \n            <\/td>\n<td class=\"prngen4\">\n              \n            <\/td>\n<td class=\"prngen5\">\n              \n            <\/td>\n<td class=\"prngen5\">\n              \n            <\/td>\n<td class=\"prngen5\">\n              \n            <\/td>\n<td class=\"prngen5\">\n              \n            <\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Percent<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\">\n              \n            <\/td>\n<td class=\"prngen4\">\n              \n            <\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Q1 2021<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n              \n            <\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Q2 2021<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n              \n            <\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Change<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">WTI Average Crude Oil Price<sup>(1)<\/sup><\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\">\n              \n            <\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$57.79<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n              \n            <\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$66.09<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n              \n            <\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">14.4%<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Henry Hub Average Natural Gas Price <sup>(1)<\/sup><\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\">\n              \n            <\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$3.56<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n              \n            <\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$2.94<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n              \n            <\/td>\n<td class=\"prnvab prntac prnpl6 prnpr4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(17.4%)<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\">\n              \n            <\/td>\n<td class=\"prngen4\">\n              \n            <\/td>\n<td class=\"prngen5\">\n              \n            <\/td>\n<td class=\"prngen5\">\n              \n            <\/td>\n<td class=\"prngen5\">\n              \n            <\/td>\n<td class=\"prngen4\">\n              \n            <\/td>\n<td class=\"prngen5\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Common Unit Distribution Declared<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\">\n              \n            <\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$0.27<\/span>\n              <\/p>\n<\/td>\n<td class=\"prnvab prntal prnpl6 prnpr14\">\n              \n            <\/td>\n<td class=\"prnsbts prnrbrs prnvab prnsbbs prntac prnpl6 prnsbls prnpr14\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>$0.31<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\">\n              \n            <\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">14.8%<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Pay-Out Ratio <sup>(2)<\/sup><\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\">\n              \n            <\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">75%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n              \n            <\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">75%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\">\n              \n            <\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">0.0%<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\">\n              \n            <\/td>\n<td class=\"prngen4\">\n              \n            <\/td>\n<td class=\"prngen5\">\n              \n            <\/td>\n<td class=\"prngen5\">\n              \n            <\/td>\n<td class=\"prngen5\">\n              \n            <\/td>\n<td class=\"prngen4\">\n              \n            <\/td>\n<td class=\"prngen4\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prnsbts prnvab prnsbbs prnpl6 prnsbls prnpr6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Annualized Cash Yield <b><sup>(3)<\/sup><\/b><\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prnsbts prnvab prnsbbs prnpl6 prnpr14\">\n              \n            <\/td>\n<td class=\"prngen13\">\n              \n            <\/td>\n<td class=\"prngen13\">\n              \n            <\/td>\n<td class=\"prnsbts prnrbrs prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>10.6%<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\">\n              \n            <\/td>\n<td class=\"prngen4\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\">\n              \n            <\/td>\n<td class=\"prngen4\">\n              \n            <\/td>\n<td class=\"prngen5\">\n              \n            <\/td>\n<td class=\"prngen5\">\n              \n            <\/td>\n<td class=\"prngen5\">\n              \n            <\/td>\n<td class=\"prngen4\">\n              \n            <\/td>\n<td class=\"prngen4\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Cash Received from Lease Bonuses and Other Income<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\">\n              \n            <\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$186,308<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n              \n            <\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$1,104,225<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\">\n              \n            <\/td>\n<td class=\"prngen5\">\n              \n            <\/td>\n<\/tr>\n<\/table><\/div>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prnsbt0 prnsbr0 prnbcc prnsbb0 prnsbl0\">\n<tr>\n<td class=\"prngen15\">\n              \n            <\/td>\n<td class=\"prngen15\">\n              \n            <\/td>\n<td class=\"prngen16\">\n              \n            <\/td>\n<td class=\"prngen16\">\n              \n            <\/td>\n<td class=\"prngen16\">\n              \n            <\/td>\n<td class=\"prngen15\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td colspan=\"7\" nowrap=\"nowrap\" class=\"prngen16\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>SUBSTANTIALLY ALL OF THE DISTRIBUTION TO COMMON UNITHOLDERS FOR THE SECOND QUARTER OF 2021<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"7\" nowrap=\"nowrap\" class=\"prngen16\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>EXPECTED TO BE FREE OF DIVIDEND INCOME TAXES AND INSTEAD CONSIDERED A RETURN OF CAPITAL<b><sup>(4)<\/sup><\/b><\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\" class=\"prnsbtb0 prnrbrb0 prnvab prnsbbs prnpl6 prnsblb0 prnpr6\">\n              \n            <\/td>\n<td class=\"prngen15\">\n              \n            <\/td>\n<td class=\"prngen15\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td colspan=\"7\" class=\"prngen18\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <sup>(1) <\/sup>\u00a0Average monthly commodity prices are from the Energy Information Administration.\u00a0 Crude oil prices are in dollars per barrel and natural gas prices are in dollars per million Btu.<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"7\" class=\"prngen15\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <sup>(2) <\/sup>\u00a0Represents percentage of projected cash available for distribution to be paid in quarterly distribution declared.<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"7\" class=\"prngen15\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <sup>(3) <\/sup>\u00a0Based on the closing price of Kimbell common units on July 23, 2021.\u00a0\u00a0<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"7\" class=\"prngen18\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <sup>(4) <\/sup>\u00a0This estimate is based upon assumptions Kimbell has made regarding, among other things, Kimbell Royalty Operating, LLC&#8217;s income and depletion deductions and production from the mineral and royalty interests owned by Kimbell Royalty Operating, LLC.\u00a0 This estimate is based on current tax law and tax reporting positions that Kimbell has adopted and with which the Internal Revenue Service could disagree.\u00a0 This estimate is not a fact, and no assurances can be made regarding this estimate.<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>\n        <b>About Kimbell Royalty Partners<\/b>\n      <\/p>\n<p>Kimbell (NYSE: KRP) is a leading oil and gas mineral and royalty company based in <span class=\"xn-location\">Fort Worth<\/span>, Texas.\u00a0 Kimbell owns mineral and royalty interests in approximately 13 million gross acres in 28 states and in every major onshore basin in the continental <span class=\"xn-location\">United States<\/span>, including ownership in more than 97,000 gross wells with over 41,000 wells in the Permian Basin. \u00a0To learn more, visit <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3237823-1&amp;h=3988268720&amp;u=http%3A%2F%2Fwww.kimbellrp.com%2F&amp;a=kimbellrp.com\" rel=\"nofollow noopener\">kimbellrp.com<\/a>.<\/p>\n<p>\n        <b>Forward-Looking Statements<\/b>\n      <\/p>\n<p>\n        <i>This news release includes forward-looking statements, including statements relating to the tax treatment of Kimbell&#8217;s distributions. These and other forward-looking statements involve risks and uncertainties, including risks and uncertainties relating to Kimbell Royalty Operating, LLC&#8217;s realized income and depletions deductions and production from the mineral and royalty interests owed by Kimbell Royalty Operating, LLC, Kimbell&#8217;s business and the securities markets generally and other risks described in Kimbell&#8217;s Annual Report on Form 10-K and other filings with the Securities and Exchange Commission (the &#8220;SEC&#8221;), available at the SEC&#8217;s website at <a href=\"http:\/\/www.sec.gov\" rel=\"nofollow\">www.sec.gov<\/a>. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in Kimbell&#8217;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.<\/i>\n      <\/p>\n<p>\n        <b>Contact:<br \/><\/b><br \/>\n        <span class=\"xn-person\">Rick Black<\/span><br \/>\n        <br \/>\n        <span class=\"xn-person\">Dennard Lascar<\/span> Investor Relations<br \/><a target=\"_blank\" href=\"mailto:krp@dennardlascar.com\" rel=\"nofollow noopener\">krp@dennardlascar.com<\/a><br \/>(713) 529-6600<\/p>\n<p>\u00a0<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=DA53141&amp;sd=2021-07-23\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/kimbell-royalty-partners-declares-second-quarter-2021-distribution-301340497.html\">https:\/\/www.prnewswire.com\/news-releases\/kimbell-royalty-partners-declares-second-quarter-2021-distribution-301340497.html<\/a><\/p>\n<p>SOURCE  Kimbell Royalty Partners, LP<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=DA53141&amp;Transmission_Id=202107231625PR_NEWS_USPR_____DA53141&amp;DateId=20210723\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire FORT WORTH,\u00a0Texas, July 23, 2021 \/PRNewswire\/ &#8212;\u00a0Kimbell Royalty Partners,\u00a0LP (NYSE: KRP) (&#8220;Kimbell&#8221;), a leading owner of oil and natural gas mineral and royalty interests in more than 97,000 gross wells across 28 states,\u00a0today announced that the Board of Directors of Kimbell Royalty GP, LLC, Kimbell&#8217;s general partner, approved a cash distribution payment of 75% of projected cash available for distribution for the second quarter of 2021, or $0.31 per common unit.\u00a0 The distribution will be payable on August 9, 2021 to common unitholders of record at the close of business on August 2, 2021.\u00a0 Kimbell intends to utilize the remaining 25% of Q2 2021 projected cash available for distribution to pay down a portion of the outstanding borrowings &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/kimbell-royalty-partners-declares-second-quarter-2021-distribution\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Kimbell Royalty Partners Declares Second Quarter 2021 Distribution&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-517181","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - 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