earnings
confidence high
sentiment positive
materiality 0.80
Kimbell Royalty Partners Q2 2022: record production, revenue, net income, and distribution of $0.55/unit
Kimbell Royalty Partners, LP
- Run-rate production 14,948 Boe/d (record, +4% QoQ organic); oil & gas revenue $78.6M (record, +21% QoQ).
- Net income $43.3M (record); consolidated Adjusted EBITDA $53.5M (record, +22% QoQ).
- Cash available for distribution $0.74/unit (record); declared Q2 distribution $0.55/unit (+17% QoQ), 75% payout ratio.
- Net DUCs and permits on major properties at record 5.36; 74 rigs drilling on acreage (10.1% US market share).
- Average realized price: oil $107.96/bbl, nat gas $6.93/Mcf, combined $57.78/boe; affirms FY 2022 guidance.