earnings
confidence high
sentiment positive
materiality 0.75
Kimbell Royalty Posts Record Q4 Revenue of $55.7M and Net Income of $30.7M
Kimbell Royalty Partners, LP
- Q4 2021 revenue $55.7M, net income $30.7M ($0.46/common unit), up from $7.5M in Q3.
- Q4 avg realized prices: oil $74.79/bbl, gas $4.19/Mcf, NGL $38.31/Bbl; combined $39.11/Boe.
- Redeemed all Series A preferred units; credit facility increased to $275M; $44.5M debt paid down since May 2020.
- Q4 distribution $0.37/unit (9.2% annualized yield), 75% payout; 25% of CAD used for debt paydown.
- Proved developed reserves up 7% to >45 MMBoe; 61 rigs on acreage (10.7% market share).