Kimbell Royalty Partners closes USD 221.2 million drop-down mineral, royalty acquisition

Reuters2026/08/21 21:30

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Kimbell Royalty Partners closed a $221.2 million acquisition of mineral and royalty interests from affiliated sellers in cash and units.
Consideration included $74.9 million cash, representing about 34% of total value.
Deal also issued 9,500,000 common units of Kimbell Royalty Operating valued at $146.3 million.
Assets produced about 2,347 boe/d as of June 1, 2026, spanning more than 3 million gross acres.
Cash flow accrues to Kimbell from June 1, 2026, with GAAP revenue recognition starting Aug. 21, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Kimbell Royalty Partners LP published the original content used to generate this news brief via PR Newswire (Ref. ID: 202608211730PR_NEWS_USPR_____DA31655) on August 21, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Kimbell Royalty Partners closes USD 221.2 million drop-down mineral, royalty acquisition

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