secwatch.observer — SEC 8-K summary
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Issuer:     Kimbell Royalty Partners, LP (KRP)
CIK:        0001657788
Form:       8-K
Filed at:   2022-02-24T23:59:59+00:00
Accession:  0001104659-22-026333
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kimbell Royalty Posts Record Q4 Revenue of $55.7M and Net Income of $30.7M
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1657788/000110465922026333/0001104659-22-026333-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1657788/000110465922026333/tm227404d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-026333

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer