Kimbell Royalty Partners, LP (KRP) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
KRP currently has 98.7M outstanding shares. with significant dilution risk as 99.4M authorized shares could dilute existing holders by 100.7%. The company has diluted shareholders by 20.84% over the past 2 years through share issuances.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| May 19, 2026 |
8-K filing: Kimbell Royalty Partners entered into a purchase agreement to acquire oil and gas mineral interests for $44 million in cash and the issuance of 6,929,000 OpCo Common Units and Class B Units. |
99M | 99M |
| May 07, 2026 |
10-Q filing | 98.7M shares outstanding |
99M | 99M |
| Nov 06, 2025 |
10-Q filing | 93.4M shares outstanding |
93M | 99M |
| Aug 07, 2025 |
10-Q filing | 93.4M shares outstanding |
93M | 99M |
| May 08, 2025 |
10-Q filing | 93.4M shares outstanding |
93M | 99M |
| Apr 09, 2025 |
8-K filing: Kimbell Royalty Partners, LP delivered an irrevocable notice of redemption to the holders of Series A Cumulative Convertible Preferred Units to call for redemption on May 7, 2025, 162,500 Preferred Units, representing 50% of the outstanding Preferred Units. ($182.3M proceeds) |
93M | 99M |
| Feb 27, 2025 |
10-K filing | 92.5M shares outstanding |
93M | 99M |
| Jan 08, 2025 |
8-K filing: Kimbell Royalty Partners, LP entered into an Underwriting Agreement for the offer and sale of 10,000,000 common units at $14.90 per Common Unit, with an option for the Underwriters to purchase an additional 1,150,000 Common Units. ($141.3M proceeds) |
81M | 99M |
| Jan 07, 2025 |
8-K filing: Kimbell Royalty Partners, LP entered into a purchase and sale agreement with Boren Minerals to acquire oil and natural gas mineral and royalty interests, with the option to pay part of the consideration through the issuance of 1,433,915 common units. |
81M | 99M |
| Nov 08, 2024 |
10-Q filing | 81.0M shares outstanding |
81M | 99M |
| Aug 01, 2024 |
10-Q filing | 81.0M shares outstanding |
81M | 99M |
| May 02, 2024 |
10-Q filing | 74.6M shares outstanding |
75M | 99M |
| Feb 21, 2024 |
10-K filing | 73.9M shares outstanding |
74M | 99M |
| Nov 02, 2023 |
10-Q filing | 73.9M shares outstanding |
74M | 99M |
| Sep 27, 2023 |
S-3 filing: Kimbell Royalty Partners, LP is offering 21,566,025 common units by the selling unitholders. |
65M | 99M |
| Aug 04, 2023 |
8-K filing: Kimbell Royalty Partners, LP entered into an Underwriting Agreement for the offer and sale of 7,250,000 common units at $14.00 per unit, with an option for the underwriters to purchase an additional 1,087,500 common units, with the offering expected to close on August 7, 2023. ($95.9M proceeds) |
65M | 78M |
| Aug 02, 2023 |
10-Q filing | 65.5M shares outstanding |
66M | 78M |
| Aug 02, 2023 |
8-K filing: Kimbell Royalty Partners, LP entered into a Series A Preferred Unit Purchase Agreement with certain funds managed by affiliates of Apollo to issue and sell up to 400,000 Series A Cumulative Convertible Preferred Units for a cash purchase price of $1,000 per Preferred Unit, resulting in gross proceeds of up to $400 million. ($400.0M proceeds) |
65M | 78M |
| May 31, 2023 |
S-3 filing: This S-3 filing relates to the offer and resale by the selling unitholders of up to 5,926,520 common units representing limited partner interests in Kimbell Royalty Partners, LP. |
65M | 78M |
| May 18, 2023 |
8-K filing: Kimbell issued 557,302 KRP Common Units and 5,369,218 Opco Units along with an equal number of Class B Units to the Sellers on May 17, 2023, as part of the Acquisition. |
65M | 72M |
| May 03, 2023 |
10-Q filing | 65.0M shares outstanding |
65M | 72M |
| Apr 12, 2023 |
8-K filing: Kimbell Royalty Partners, LP acquired certain mineral interests by issuing 5,369,218 OpCo Common Units and Class B Units, and 557,302 KRP Common Units to the sellers. |
64M | 72M |
| Feb 23, 2023 |
10-K filing | 64.2M shares outstanding |
64M | 72M |
| Jan 17, 2023 |
S-3 filing: This is an S-3 filing for a mixed shelf offering of common units, preferred units, partnership securities, warrants and rights by Kimbell Royalty Partners, LP, and also includes an offering of common units by selling unitholders. The aggregate initial offering price of all securities sold by the company will not exceed $125,378,250. |
57M | 72M |
| Dec 15, 2022 |
8-K filing: Kimbell issued 7,272,821 Class B units and an equal number of Opco units to the Seller on December 15, 2022, in a private placement exempt from registration requirements. |
57M | 55M |
| Nov 08, 2022 |
8-K filing: Kimbell Royalty Partners, LP entered into an Underwriting Agreement for the offer and sale of 6,000,000 common units at $17.75 per unit, with an option for the underwriters to purchase up to an additional 900,000 common units, with the offering expected to close on November 8, 2022. ($100.7M proceeds) |
57M | 55M |
| Nov 03, 2022 |
8-K filing: Kimbell Royalty Partners, LP will acquire assets from Hatch Royalty LLC, including the issuance of 7,272,821 OpCo Common Units and an equal number of Class B Units to the seller. |
57M | 55M |
| Nov 03, 2022 |
10-Q filing | 57.3M shares outstanding |
57M | 55M |
| Aug 04, 2022 |
10-Q filing | 57.3M shares outstanding |
57M | 55M |
| May 10, 2022 |
10-Q filing | 57.3M shares outstanding |
57M | 55M |
| Feb 25, 2022 |
10-K filing | 47.2M shares outstanding |
47M | 55M |
| Dec 07, 2021 |
8-K filing: Kimbell completed the redemption of 25,000 Series A Cumulative Convertible Preferred Units, representing the entirety of the outstanding Preferred Units originally issued by the Company in 2018. |
43M | 55M |
| Nov 16, 2021 |
8-K filing: Kimbell Royalty Partners, LP delivered an irrevocable notice of redemption to redeem all 25,000 outstanding Series A Cumulative Convertible Preferred Units for an aggregate redemption price of approximately $31 million on December 7, 2021. ($31.0M proceeds) |
43M | 55M |
| Nov 04, 2021 |
10-Q filing | 42.9M shares outstanding |
43M | 55M |
| Aug 05, 2021 |
10-Q filing | 42.9M shares outstanding |
43M | 55M |
| Jun 08, 2021 |
8-K filing: Kimbell Royalty Partners, LP delivered an irrevocable notice of redemption to the holders of Series A Cumulative Convertible Preferred Units to call for redemption on July 7, 2021, 30,000 Preferred Units at a price of $1,202.51 per Preferred Unit for an aggregate redemption price of $36.1 million. ($36.1M proceeds) |
40M | 55M |
| May 06, 2021 |
10-Q filing | 39.7M shares outstanding |
40M | 55M |
| Feb 26, 2021 |
10-K filing | 38.9M shares outstanding |
39M | 55M |
| Nov 05, 2020 |
10-Q filing | 38.9M shares outstanding |
39M | 55M |
| Aug 06, 2020 |
10-Q filing | 36.6M shares outstanding |
37M | 55M |
| May 18, 2020 |
S-3 filing: Kimbell Royalty Partners, LP is offering common units, preferred units, partnership securities, warrants and rights, and the selling unitholders are offering 29,878,333 common units. |
37M | 55M |
| May 07, 2020 |
10-Q filing | 36.6M shares outstanding |
37M | 25M |
| Apr 20, 2020 |
8-K filing: Kimbell Royalty Partners, LP completed the acquisition of Springbok Energy Partners, LLC and Springbok Energy Partners II, LLC, issuing common units, Class B units, and Opco Common Units as part of the consideration. |
33M | 25M |
| Mar 05, 2020 |
S-3/A filing: This S-3/A filing indicates a combined prospectus related to primary and secondary offerings. The primary offering by the registrant includes common units, preferred units, partnership securities, warrants, and rights with an aggregate initial offering price of $56,950,000. The secondary offering involves the resale by selling unitholders of a total of 25,516,841 common units. |
33M | 25M |
| Feb 28, 2020 |
10-K filing | 33.4M shares outstanding |
33M | 28M |
| Feb 10, 2020 |
S-3 filing: Kimbell Royalty Partners, LP files an S-3 registration statement to register the offer and sale of common units, preferred units, partnership securities, warrants, and rights up to an aggregate initial offering price of $56,950,000. The filing also covers the secondary offering of 28,129,814 common units by selling unitholders. |
N/A | 28M |
| Jan 15, 2020 |
8-K filing: Kimbell Royalty Partners, LP delivered an irrevocable notice of redemption to the holders of Series A Cumulative Convertible Preferred Units to call for redemption on February 12, 2020, 55,000 Preferred Units, representing 50% of the outstanding Preferred Units, at a price of $1,110.72 per Preferred Unit for an aggregate redemption price of $61.1 million. ($61.1M proceeds) |
N/A | 0 |
| Jan 14, 2020 |
8-K filing: Kimbell Royalty Partners, LP entered into an Underwriting Agreement for the offer and sale of 5,000,000 common units at $15.50 per unit, with an option for the underwriters to purchase an additional 750,000 units. ($77.5M proceeds) |
N/A | 0 |
| Jan 09, 2020 |
8-K filing: Kimbell acquired mineral and royalty interests in Oklahoma for $9.9 million and Buckhorn for 2,169,348 Opco Common Units and an equal number of Class B Units valued at $36.3 million. ($36.3M proceeds) |
N/A | 0 |