secwatch.observer — SEC 8-K summary
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Issuer:     Kimbell Royalty Partners, LP (KRP)
CIK:        0001657788
Form:       8-K
Filed at:   2022-05-05T23:59:59+00:00
Accession:  0001104659-22-056138
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 Q1 2022: record revenue $65.1M, Adjusted EBITDA $43.9M, distribution $0.47/unit
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- Record Q1 2022 oil, gas, NGL revenue of $65.1M, up 25% from Q4 2021; net income $8.4M.
- Record consolidated Adjusted EBITDA of $43.9M, up 34% from Q4 2021.
- Record cash available for distribution $0.64/unit; declared distribution $0.47/unit, 10.8% annualized yield based on May 4 close.
- Rig count on acreage up 20% to 73 rigs; net DUCs and permits up 6% to 5.03 as of Mar 31.
- Affirms 2022 guidance; SPAC Kimbell Tiger IPO closed Feb 8; $52.5M debt paydown since May 2020.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1657788/000110465922056138/0001104659-22-056138-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1657788/000110465922056138/tm2214525d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-056138

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