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Derek Pitfield

Managing Director and Senior Equity Analyst at Texas Capital

Derek Pitfield is a Managing Director and Senior Equity Analyst at Texas Capital, specializing in comprehensive financial analysis and market research across multiple sectors. He provides coverage on companies including American Airlines, Southwest Airlines, Kimberly-Clark, and Energy Transfer, consistently delivering investment insights recognized for accuracy and generating above-benchmark returns on platforms like TipRanks with a success rate of over 65%. Pitfield began his analyst career in 2004, previously holding key research roles at J.P. Morgan and Bank of America before joining Texas Capital in 2017. He holds FINRA registrations including the Series 7, 63, and 86/87 licenses, underscoring his credentials as a securities professional with a track record of industry recognition.

Derek Pitfield's questions to Kimbell Royalty Partners (KRP) leadership

Derek Pitfield's questions to Kimbell Royalty Partners (KRP) leadership • Q4 2024

Question

Derek Pitfield questioned if the constructive natural gas price environment alters Kimbell's M&A focus and asked for perspective on the impacts of E&P operator consolidation in the Permian on Kimbell's business and competitive position.

Answer

President and CFO Davis Ravnaas affirmed that Kimbell's M&A strategy remains commodity-agnostic, prioritizing asset quality and valuation over short-term price movements. He viewed operator consolidation as a long-term net positive, leading to more efficient development by larger, better-capitalized entities. He also noted that direct competition from operators for mineral acquisitions in Kimbell's target range is rare.

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