Kimbell Royalty Partners is a holding company. Via its subsidiaries, Co. owns and acquires mineral and royalty interests in oil and natural gas properties throughout the United States. As an owner of mineral and royalty interests, Co. is entitled to a portion of the revenues received from the production of oil, natural gas and associated natural gas liquids from the acreage underlying its interests. Co. categorizes its assets into two groups: mineral interests and overriding royalty interests. Co.'s mineral and royalty interests are located in several states and in every main onshore basin across the continental United States and include ownership in producing wells in the Permian Basin. We show 2 historical shares outstanding datapoints in our KRP shares outstanding history coverage, used to compute KRP market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing KRP market cap history over the course of time is important for investors
interested in comparing KRP's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of KRP versus a peer is one thing; comparing
KRP market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like KRP can fluctuate over the course of history.
With this page we aim to empower investors researching KRP by allowing them to research the KRP market cap history. |
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Video: The Importance of Market Cap
