Kimbell Royalty Partners, LP | Stephens

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Kimbell Royalty Partners, LP

$107 Million 11/03/2022 Energy & Clean Energy Transition Complete
Public Companies
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Transaction Details

  • On November 3, 2022, Kimbell Royalty Partners, LP (“Kimbell” or the “Company”) announced the upsizing and pricing of an underwritten public offering of 6,000,000 common units representing limited partner interests at a price to the public of $17.75 per unit
  • The Company also granted the underwriters a 30-day option to purchase up to an additional 900,000 common units
  • Kimbell intends to use the net proceeds from the offering to fund a portion of the cash purchase price for the pending acquisition of oil and natural gas mineral and royalty interests held by Austin-based Hatch Royalty, LLC (the "Hatch Acquisition") and to pay fees and expenses related to the Hatch Acquisition
  • Pending the closing of the Hatch Acquisition, Kimbell intends to use the net proceeds from the offering to repay outstanding borrowings under its revolving credit facility

About the company

Kimbell Royalty Partners, LP (NYSE: KRP) is a leading oil and gas mineral and royalty company based in Fort Worth, Texas. Kimbell owns mineral and royalty interests in over 16 million gross acres in 28 states and in every major onshore basin in the continental United States, including ownership in more than 122,000 gross wells with over 46,000 wells in the Permian Basin.

Sources: Company filings and press release.
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  2. The offering of these securities is being made only by means of a prospectus, copies of which may be obtained from Stephens Inc.’s Equity Syndicate Desk, at Stephens Inc., 111 Center Street, Little Rock, AR 72201, ATTN: Equity Syndicate Desk, or from the Securities and Exchange Commission’s website at www.sec.gov at the following link: https://www.sec.gov/Archives/edgar/data/1657788/000110465922114466/tm2228676-1_424b5.htm . A registration statement relating to these securities has been filed with the Securities and Exchange Commission. No offer to buy the securities can be accepted and no part of the purchase price can be received until the registration statement has become effective, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time prior to the notice of its acceptance given after the effective date.

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