Kimbell Royalty Partners, LP Approves Cash Distribution for the First Quarter of 2024, Payable on May 20, 2024
May 02, 2024 at 07:00 am EDT
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Kimbell Royalty Partners, LP announced that the Board of Directors of the General Partner approved a cash distribution payment to common unitholders of 75% of cash available for distribution for the first quarter of 2024, or $0.49 per common unit. The distribution will be payable on May 20, 2024 to common unitholders of record at the close of business on May 13, 2024. Kimbell plans to utilize the remaining 25% of cash available for distribution for the first quarter of 2024 to pay down a portion of the outstanding borrowings under its secured revolving credit facility.
Kimbell Royalty Partners, LP is an oil and gas mineral and royalty company. It owns mineral and royalty interests in over 17 million gross acres in 28 states and in onshore basin in the continental United States, including ownership in more than 129,000 gross wells. Its properties include the Permian Basin, Mid-Continent, Appalachian, Eagle Ford, Bakken, Terryville/Cotton Valley/Haynesville, and DJ Basin/Rockies/Niobrara. The Permian Basin extends from southeastern New Mexico into West Texas. The Mid-Continent is an area containing fields in Arkansas, Kansas, Louisiana, New Mexico, Oklahoma, Nebraska and Texas and including the Granite Wash, Cleveland, and Mississippi Lime formations. The Appalachian Basin covers most of Pennsylvania, eastern Ohio, West Virginia, western Maryland, eastern Kentucky, central Tennessee, western Virginia, northwestern Georgia, and northern Alabama. The Williston Basin stretches through North Dakota, the northwest part of South Dakota, and eastern Montana.
KIMBELL ROYALTY PARTNERS, LP 
