Kimbell Royalty Partners (NYSE:KRP) is expected to report third quarter earnings results, before market open, on Thursday 5th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter loss of $ 0.03 per share.
Looking ahead, the full year loss are expected at $ 1.01 per share on the revenues of $ 102.91 million.
Previous Quarter Performance
Kimbell Royalty Partners outlined loss for the second quarter of $ 1.39 per share, from the revenue of $ 12.80 million. The quarterly revenues down 59.92 percent compared with the same quarter last year. According to street consensus, KRP was expected to report 2Q20 loss of $ 0.10 per share from revenue of $ 18.99 million. The top line results fell short of analysts by $ 6.19 million or 32.6 percent.
Stock Performance
Shares of Kimbell Royalty Partners traded up $ 0.12 or 2.00 percent on Wednesday, reaching $ 6.11 with volume of 141.30 thousand shares. Kimbell Royalty Partners has traded high as $ 6.16 and has cracked $ 5.86 on the downward trend
The closing price of $ 6.11, representing a 70.66 % increase from the 52 week low of $ 3.51 and a 66.2 % decrease over the 52 week high of $ 17.72.
The company has a market capital of $ 367.10 million and is part of the Energy sector and Oil & Gas E&P industry.
Conference Call
Kimbell Royalty Partners will be hosting a conference call at 11:00 AM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.kimbellrp.com
Kimbell Royalty Partners, LP owns and acquires mineral and royalty interests in oil and natural gas properties in the United States. As of December 31, 2018, the company owned mineral and royalty interests in approximately 7.8 million gross acres and overriding royalty interests in approximately 4.4 million gross acres. Its mineral and royalty interests are located in 28 states and include ownership in approximately 86,000 gross producing wells, including approximately 38,000 wells in the Permian Basin.
