2024-06-23 01:26:34 ET
Summary
- Kimbell Royalty Partners, LP offers a protected dividend yield of 11.3% with a strong asset base in U.S. oil and gas investments.
- KRP's unique royalty-based business model limits maintenance CapEx and introduces a layer of extra protection in the underlying cash generation profile.
- Despite commodity risk, KRP's strong distribution coverage, EBITDA growth, and supportive capital structure make it an attractive high-yield dividend investment.
Kimbell Royalty Partners, LP (NYSE: KRP ) is a pure play mineral company, which offers a protected dividend yield of 11.3%. KRP's asset base consists of high-quality oil and gas investments across almost every major basin in the U.S., where as of Q1, 2024 the company had a 16+ years of drilling inventory remaining in its portfolio....
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Kimbell Royalty Partners: A De-Risked 11% Yielder To Buy