Kimbell Royalty (NYSE:KRP) Declares Dividend Increase – $0.37 Per Share

Kimbell Royalty (NYSE:KRP) announced a quarterly dividend on Thursday, February 26th. Shareholders of record on Wednesday, March 18th will be given a dividend of 0.37 per share by the energy company on Wednesday, March 25th. This represents a c) dividend on an annualized basis and a yield of 10.4%. The ex-dividend date is Wednesday, March 18th. This is a 5.7% increase from Kimbell Royalty’s previous quarterly dividend of $0.35.

Kimbell Royalty has raised its dividend by an average of 0.0%per year over the last three years. Kimbell Royalty has a dividend payout ratio of 98.6% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research analysts expect Kimbell Royalty to earn $1.01 per share next year, which means the company may not be able to cover its $1.40 annual dividend with an expected future payout ratio of 138.6%.

Kimbell Royalty Stock Down 2.0%

NYSE:KRP traded down $0.29 during midday trading on Friday, hitting $14.22. 297,600 shares of the company were exchanged, compared to its average volume of 619,909. The company has a current ratio of 5.39, a quick ratio of 5.39 and a debt-to-equity ratio of 0.72. Kimbell Royalty has a fifty-two week low of $10.98 and a fifty-two week high of $15.35. The company has a market capitalization of $1.53 billion, a PE ratio of -203.30, a price-to-earnings-growth ratio of 3.58 and a beta of 0.34. The company has a fifty day simple moving average of $12.87 and a 200 day simple moving average of $13.14.

Kimbell Royalty (NYSE:KRP) last announced its earnings results on Thursday, February 26th. The energy company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.07. The business had revenue of $82.45 million for the quarter, compared to analyst estimates of $76.78 million. Kimbell Royalty had a net margin of 10.66% and a return on equity of 12.51%. The company’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same period last year, the firm posted ($0.48) earnings per share. As a group, equities analysts anticipate that Kimbell Royalty will post 0.65 earnings per share for the current fiscal year.

About Kimbell Royalty

Kimbell Royalty Partners LP (NYSE: KRP) is a mineral and royalty company focused on acquiring and managing oil and natural gas royalty interests in the United States. As a master limited partnership, Kimbell Royalty generates fee-like revenues by collecting royalties and overriding royalty interests on production volumes, without directly bearing the capital or operating costs of drilling and completion activities. The partnership’s business model emphasizes steady cash flows and limited downside exposure to commodity price fluctuations.

The company’s asset portfolio spans multiple onshore basins, with a core concentration in Texas and New Mexico.