Stock Repurchase Program Authorized by Kimbell Royalty (NYSE:KRP) Board of Directors

NodeGuardian · 2026-03-10T04:46:50+00:00

Kimbell Royalty announced a $100 million stock repurchase program, indicating shares are undervalued. The company also raised its quarterly dividend to $0.37 per share, yielding 10.4%, and reported earnings exceeding analyst expectations.

NodeGuardian

2026-03-10 04:46:50

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Kimbell Royalty (NYSE:KRP) announced that its board has authorized a $100.00 million stock repurchase program, signaling the board believes the shares are undervalued. This authorization allows the company to buy back up to 6.4% of its outstanding stock. Additionally, Kimbell Royalty increased its quarterly dividend to $0.37 per share, yielding an annualized 10.4%, and reported quarterly earnings that surpassed analyst expectations.

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