28 Sept 2018securities registration● Neutral
Kimbell Royalty Partners, LP filed a prospectus supplement for an offering off its existing shelf.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
28 Sept 2018material agreement▲ Good
Kimbell raised about $53.3 million net in a follow-on offering of 3 million common units at $19.00, used to buy more OpCo units -- routine growth-stage equity financing.
26 Sept 2018securities registration● Neutral
Kimbell Royalty Partners, LP filed a prospectus supplement for an offering off its existing shelf.
25 Sept 2018capital raising announcement● NeutralMajor
Kimbell converted from a pass-through to a taxable entity and restructured into an Up-C: the Haymaker holders (KKR-affiliated, ending up with 37.3% of the operating subsidiary) and founding sponsor Kimbell Art Foundation (11.0%) exchanged their common units for new Class B units plus a matching stake in operating subsidiary Kimbell Royalty Operating -- a structure letting them defer tax on eventual conversion to full common units while Kimbell itself kept majority (51.7%) control of the OpCo.
25 Sept 2018substantial holder notice● Neutral
EIGF Aggregator III LLC, TE Drilling Aggregator LLC, EIGF Aggregator LLC, KKR Energy Income and Growth Fund I L.P, KKR Associates EIGF L.P, KKR Energy Income and Growth Fund I-TE L.P, KKR Associates EIGF TE L.P, KKR EIGF LLC, KKR Upstream Associates LLC, KKR Fund Holdings L.P, KKR Upstream LLC, KKR Fund Holdings GP Limited, KKR Group Holdings Corp, KKR & Co. Inc, KKR Management LLC, Henry R. Kravis, George R. Roberts reported a Kimbell Royalty Partners, LP shareholding of 4,913,559 shares (26.10% of votes) in a periodic institutional filing.
12 Sept 2018securities registration● Neutral
Kimbell Royalty Partners, LP amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
10 Aug 2018quarterly activities report● Neutral
Kimbell Royalty Partners, LP reported quarterly revenue of $10.7 million and net income of $1.4 million for the period ended 2018-06-30.
9 Aug 2018quarterly activities report● Neutral
Kimbell Royalty Partners, LP reported quarterly revenue of $10.7 million and net income of $1.4 million for the period ended 2018-06-30.
3 Aug 2018substantial holder notice● Neutral
Ben J. Fortson, Kimbell Art Foundation reported a Kimbell Royalty Partners, LP shareholding of 3,049,768 shares (11.20% of votes) in a periodic institutional filing.
30 July 2018securities registration● Neutral
Kimbell Royalty Partners, LP registered a securities offering with the SEC using its shelf eligibility.
23 July 2018substantial holder notice● Neutral
EIGF Aggregator III LLC, TE Drilling Aggregator LLC, EIGF Aggregator LLC, KKR Energy Income and Growth Fund I L.P, KKR Associates EIGF L.P, KKR Energy Income and Growth Fund I-TE L.P, KKR Associates EIGF TE L.P, KKR EIGF LLC, KKR Upstream Associates LLC, KKR Fund Holdings L.P, KKR Upstream LLC, KKR Fund Holdings GP Limited, KKR Group Holdings Corp, KKR & Co. Inc, KKR Management LLC, Henry R. Kravis, George R. Roberts disclosed a new substantial Kimbell Royalty Partners, LP shareholding (18.30% of votes).
18 July 2018asset acquisition disposition▲ GoodMajor
Kimbell closed the Haymaker acquisition and quadrupled its revolving credit facility, from $50 million to a $200 million borrowing base (expandable to $500 million), to help fund it -- KKR's Haymaker vehicle became a major unitholder in the process.
1 June 2018capital raising announcement▲ GoodMajor
Kimbell agreed to acquire Haymaker Minerals & Royalties and Haymaker Resources -- KKR-backed mineral/royalty portfolios -- for $210 million cash plus 10 million common units, by far its largest transaction since the IPO and nearly doubling the size of the young partnership.
11 May 2018quarterly activities report▼ Bad
Kimbell Royalty Partners, LP reported quarterly revenue of $10.9 million and a net loss of $52.8 million for the period ended 2018-03-31.
10 May 2018quarterly activities report▼ Bad
Kimbell Royalty Partners, LP reported quarterly revenue of $10.9 million and a net loss of $52.8 million for the period ended 2018-03-31.
14 Feb 2018director interest notice● Neutral
Kimbell Art Foundation became a Kimbell Royalty Partners, LP 10%+ owner and company insider (initial ownership filing).
14 Feb 2018director interest notice● Neutral
Kimbell Royalty Partners, LP director T Scott Martin sold 1,440 shares at $16.96.
8 Feb 2018substantial holder notice● Neutral
Wellington Management Group LLP, Wellington Group Holdings LLP, Wellington Investment Advisors Holdings LLP, Wellington Management Company LLP disclosed a new substantial Kimbell Royalty Partners, LP shareholding (5.71% of votes).
8 Feb 2018listing compliance notice▼ Bad
Kimbell notified the NYSE it had fallen out of compliance with the exchange's three-independent-director audit committee rule after board member C.O. Ted Collins, Jr. died; the company began searching for a replacement.
30 Jan 2018director interest notice● Neutral
Kimbell Royalty Partners, LP director T Scott Martin received 3,582 shares as part of the equity award.
30 Jan 2018director interest notice● Neutral
Kimbell Royalty Partners, LP director Brett G. Taylor received 66,979 shares as part of the equity award.
30 Jan 2018director interest notice● Neutral
Kimbell Royalty Partners, LP director William H Adams III received 4,478 shares as part of the equity award.
30 Jan 2018director interest notice● Neutral
Kimbell Royalty Partners, LP Vice President-Land Peter Alcorn received 2,685 shares as part of the equity award.
30 Jan 2018director interest notice● Neutral
Kimbell Royalty Partners, LP director Benny D. Duncan received 3,582 shares as part of the equity award.
30 Jan 2018director interest notice● Neutral
Kimbell Royalty Partners, LP director Ted Collins Jr. received 4,000 shares as part of the equity award.
30 Jan 2018director interest notice● Neutral
Kimbell Royalty Partners, LP director Ben J. Fortson received 40,791 shares as part of the equity award.
30 Jan 2018director interest notice● Neutral
Kimbell Royalty Partners, LP Chief Operating Officer Matthew S. Daly received 8,971 shares as part of the equity award.
30 Jan 2018director interest notice● Neutral
Kimbell Royalty Partners, LP director Craig Stone received 4,478 shares as part of the equity award.
30 Jan 2018director interest notice● Neutral
Kimbell Royalty Partners, LP Chief Executive Officer Robert D. Ravnaas received 79,585 shares as part of the equity award.
30 Jan 2018director interest notice● Neutral
Kimbell Royalty Partners, LP Chief Accounting Officer Jeff Mcinnis received 4,567 shares as part of the equity award.