Kimbell Royalty reports record Q3 run-rate production of 14,985 Boe/d, declares $0.49 distribution

Kimbell Royalty Partners, LP

Record Q3 run-rate production 14,985 Boe/d (+0.2% QoQ, all organic); oil production up 8% sequentially.
Q3 net income $43.8M; Adj. EBITDA $47.5M; cash available for distribution $0.66/unit.
Declared Q3 distribution $0.49/unit (75% payout), 10.1% annualized yield based on $19.43 closing price.
Net DUCs and permits at record 5.44; 79 rigs active on acreage (+7% QoQ, 10.6% U.S. market share).
Kimbell will use remaining 25% of cash for distribution to pay down revolver; $75.2M paid since May 2020.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Kimbell Royalty Partners, LP reported the quarter ended September 30, 2022 results: revenue $73.9 million, net income $43.8 million. Guidance reaffirmed.

Period: the quarter ended September 30, 2022
Revenue: $73.9 million
Net income: $43.8 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Third Quarter 2022 Highlights · Record Q3 2022 run-rate daily production of 14,985 barrels of oil equivalent (“Boe”) per day (6:1), an increase of 0.2% from Q2 2022 (all organic growth); reflects an 8% increase in oil production from Q2 2022 · Q3 2022 oil, natural gas and NGL revenues of $73.9 million, a decrease of 6% from Q2 2022 primarily due to a decline in realized oil prices · Q3 2022 net income of approximately $43.8 million and net income attributable to common units of approximately $38.3 million

View on SEC.gov

Browse all earnings releases →

Kimbell Royalty Partners, LP filing history →

Source: SEC EDGAR

accession 0001104659-22-114207

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.