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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Kimbell Royalty Partners | NYSE:KRP | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.03 | 0.18% | 16.79 | 16.825 | 16.58 | 16.72 | 276,354 | 01:00:00 |
| | |
Price to
Public |
| |
Underwriting
Discount(1) |
| |
Proceeds, Before
Expenses, to Us |
| |||||||||
Per Common Unit
|
| | | $ | 14.00 | | | | | $ | 0.63 | | | | | $ | 13.37 | | |
Total
|
| | | $ | 101,500,000 | | | | | $ | 4,567,500 | | | | | $ | 96,932,500 | | |
| Mizuho | | | Truist Securities | | |
RBC Capital Markets
|
|
| | | | | S-1 | | | |
| | | | | S-2 | | | |
| | | | | S-4 | | | |
| | | | | S-8 | | | |
| | | | | S-12 | | | |
| | | | | S-16 | | | |
| | | | | S-17 | | | |
| | | | | S-18 | | | |
| | | | | S-29 | | | |
| | | | | S-29 | | | |
| | | | | S-30 | | |
| | | | | 1 | | | |
| | | | | 2 | | | |
| | | | | 4 | | | |
| | | | | 5 | | | |
| | | | | 6 | | | |
| | | | | 7 | | | |
| | | | | 9 | | | |
| | | | | 11 | | | |
| | | | | 13 | | | |
| | | | | 16 | | | |
| | | | | 31 | | | |
| | | | | 37 | | | |
| | | | | 39 | | | |
| | | | | 40 | | | |
| | | | | 41 | | | |
| | | | | 42 | | | |
| | | | | 43 | | |
| | |
As of June 30, 2023
(in thousands) |
| |||||||||||||||
| | |
Actual
|
| |
As
adjusted |
| |
As further
adjusted |
| |||||||||
Cash and cash equivalents
|
| | | $ | 20,779 | | | | | $ | 20,779 | | | | | $ | 20,779 | | |
Long-term debt(1)
|
| | | $ | 269,600 | | | | | $ | 173,668 | | | | | $ | 314,418 | | |
Mezzanine equity | | | | | | | | | | | | | | | | | | | |
Series A preferred units
|
| | | $ | — | | | | | $ | — | | | | | $ | 314,250 | | |
Unitholders’ equity | | | | | | | | | | | | | | | | | | | |
General partner
|
| | | | — | | | | | | — | | | | | | — | | |
Common units
|
| | | | 596,177 | | | | | | 692,109 | | | | | | 692,109 | | |
Class B units
|
| | | | 1,043 | | | | | | 1,043 | | | | | | 1,043 | | |
Total unitholders’ equity
|
| | | $ | 597,220 | | | | | $ | 693,152 | | | | | $ | 693,152 | | |
Noncontrolling interest | | | | | | | | | | | | | | | | | | | |
Noncontrolling interest
|
| | | $ | 54,732 | | | | | $ | 54,732 | | | | | $ | 54,732 | | |
Total capitalization
|
| | | $ | 921,552 | | | | | $ | 921,552 | | | | | $ | 1,376,552 | | |
Underwriters
|
| |
Number of
Units |
| |||
Citigroup Global Markets Inc.
|
| | | | 4,160,050 | | |
BofA Securities, Inc.
|
| | | | 1,259,325 | | |
Mizuho Securities USA LLC
|
| | | | 398,025 | | |
PNC Capital Markets LLC
|
| | | | 398,025 | | |
Truist Securities, Inc.
|
| | | | 398,025 | | |
RBC Capital Markets, LLC
|
| | | | 201,550 | | |
KeyBanc Capital Markets Inc.
|
| | | | 108,750 | | |
Stephens Inc.
|
| | | | 108,750 | | |
Stifel, Nicolaus & Company, Incorporated
|
| | | | 108,750 | | |
TD Securities (USA) LLC
|
| | | | 108,750 | | |
Total
|
| | | | 7,250,000 | | |
| | |
Per
Common Unit |
| |
Total
|
| ||||||
Price to public
|
| | | $ | 14.00 | | | | | $ | 101,500,000 | | |
Underwriting discount
|
| | | $ | 0.63 | | | | | $ | 4,567,500 | | |
Proceeds, before expenses, to us
|
| | | $ | 13.37 | | | | | $ | 96,932,500 | | |
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| | | | | 39 | | | |
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| | | | | 41 | | | |
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|
Issuance of additional units
|
| | No approval right by common unitholders. Certain issuances will require approval by 662∕3% of the holders of the Series A Preferred Units. Please read “— Issuance of Additional Partnership Interests.” | |
|
Amendment of the partnership agreement
|
| | Certain amendments may be made by our general partner without the approval of the unitholders. Certain other amendments that would materially adversely affect any of the rights, preferences and privileges of the Series A Preferred Units will require the approval of holders of 662∕3% of the Series A Preferred Units. Certain amendments that would alter, amend or repeal the voting rights of the Class B units or adopt any provision of our partnership agreement inconsistent with the voting rights of the Class B units will require the approval of holders of a majority of the Class B units. Other amendments generally require the approval of the holders of a unit majority. Please read “— Amendment of the Partnership Agreement.” | |
|
Merger of our partnership or the sale of all or substantially all of our assets
|
| | Unit majority in certain circumstances, and if such merger or sale would materially adversely affect any of the rights, preferences and privileges of the Series A Preferred Units, the affirmative vote of 662∕3% of Series A Preferred Units. Please read “— Merger, Consolidation, Conversion, Sale or Other Disposition of Assets.” | |
|
Dissolution of our partnership
|
| | Unit majority. Please read “— Dissolution.” | |
|
Continuation of our business upon
|
| | Unit majority. Please read “— Dissolution.” | |
|
Withdrawal of our general partner
|
| | Under most circumstances, the approval of unitholders holding a majority of the outstanding common units, excluding common units held by our general partner and its affiliates, is required for the withdrawal of our general partner prior to December 31, 2026 in a manner that would cause a dissolution of our partnership. Please read “— Withdrawal or Removal of Our General Partner.” | |
|
Removal of our general partner
|
| | Not less than 662∕3% of the outstanding units, including common units and Class B units held by our general partner and its affiliates, for cause. Any removal of our general partner is also subject to the approval of a successor general partner by the holders of a unit majority. Please read “— Withdrawal or Removal of Our General Partner.” | |
|
Transfer of our general partner interest
|
| | Our general partner may transfer any or all of its general partner interest in us without a vote of our unitholders. Please read “— Transfer of General Partner Interest.” | |
|
Transfer of ownership interests in our general partner
|
| | No unitholder approval required. Please read “— Transfer of Ownership Interests in Our General Partner.” | |
EX-FILING FEES
CALCULATION OF FILING FEE TABLE
Form S-3
(Form Type)
Kimbell Royalty Partners, LP
(Exact Name of Registrant as Specified in its Charter)
Table 1: Newly Registered and Carry Forward Securities
Security Type | Security Class Title | Fee Calculation or Carry Forward Rule | Amount Registered | Proposed Maximum Offering Price Per Unit | Maximum Aggregate Offering Price | Fee Rate | Amount of | |||||||||||||||
Fees to Be Paid (Primary) | Limited Partnership Interests | Common Units representing limited partner interests | Rule 457(c) | 8,337,500 | $ | 15.30 | (1) | $ | 127,563,750 | 0.00011020 | $ | 14,057.53 | ||||||||||
Fees Previously Paid | — | — | — | — | — | — | — | |||||||||||||||
Carry Forward Securities | ||||||||||||||||||||||
Carry Forward Securities | — | — | — | — | — | — | ||||||||||||||||
Total Offering Amounts | $ | 127,563,750 | $ | 14,057.53 | ||||||||||||||||||
Total Fees Previously Paid | — | |||||||||||||||||||||
Total Fee Offsets | — | |||||||||||||||||||||
Net Fee Due | $ | 14,057.53 |
(1) | Estimated solely for purposes of calculating the registration fee in accordance with Rule 457(c) of the Securities Act of 1933, as amended (the “Securities Act”), based on the average of the high and low price per share of the registrant’s common stock as reported on the New York Stock Exchange on July 28, 2023. |
(2) | The registration fee is calculated in accordance with Rule 457(r) under the Securities Act and represents deferred payment of the registration fee in connection with the Registrant’s Registration Statement on Form S-3ASR (Registration No. 333-273609) paid herewith. |
1 Year Kimbell Royalty Partners Chart |
1 Month Kimbell Royalty Partners Chart |
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