Kimbell Royalty (KRP) to Distribute Quarterly Dividend of $0.47 on August 24th

Kimbell Royalty (NYSE:KRP) announced a quarterly dividend on Friday, August 7th. Stockholders of record on Monday, August 17th will be paid a dividend of 0.47 per share by the energy company on Monday, August 24th. This represents a c) dividend on an annualized basis and a dividend yield of 12.5%. The ex-dividend date is Monday, August 17th. This is a 14.6% increase from Kimbell Royalty’s previous quarterly dividend of $0.41.

Kimbell Royalty has increased its dividend payment by an average of 0.1%annually over the last three years. Kimbell Royalty has a payout ratio of 132.4% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Kimbell Royalty to earn $0.83 per share next year, which means the company may not be able to cover its $1.88 annual dividend with an expected future payout ratio of 226.5%.

Kimbell Royalty Stock Performance

Shares of KRP opened at $15.06 on Friday. The company has a quick ratio of 5.12, a current ratio of 7.30 and a debt-to-equity ratio of 0.71. The stock has a market cap of $1.73 billion, a P/E ratio of 17.93 and a beta of 0.30. The business’s 50 day moving average price is $14.86 and its 200-day moving average price is $14.64. Kimbell Royalty has a 52 week low of $11.31 and a 52 week high of $15.80.

Kimbell Royalty (NYSE:KRP) last posted its quarterly earnings data on Friday, August 7th. The energy company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.17. Kimbell Royalty had a return on equity of 14.95% and a net margin of 27.17%.The company had revenue of $112.48 million during the quarter, compared to analyst estimates of $93.45 million. During the same quarter last year, the company earned $0.02 EPS. The firm’s revenue for the quarter was up 29.9% on a year-over-year basis. Equities research analysts anticipate that Kimbell Royalty will post 0.81 earnings per share for the current fiscal year.

Kimbell Royalty Company Profile

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.