BUZZ-Kimbell Royalty Partners down after equity offering priced

** Shares of Kimbell Royalty Partners KRP.N down 3.8% at $15.65 premarket after overnight acquisition-related equity raise

** Fort Worth-based energy firm late Tues sold 10 mln common units at $14.90 for $149 mln gross raise

** Offering size boosted from 9 mln units and priced at 8.4% discount to last sale

** Co to use net offering proceeds to fund cash portion of $231 mln acquisition of oil and natural gas mineral and royalty interests in the Midland Basin held by Boren Materials

** Prior to offering, Kimbell had ~95.5 mln units outstanding for $1.6 bln market cap

** Citi, JP Morgan, RBC, BofA and Mizuho jt bookrunners for offering

** KRP shares up fractionally to start 2025. They closed at $14.98 a year ago

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))