secwatch.observer — SEC 8-K summary
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Issuer:     Kimbell Royalty Partners, LP (KRP)
CIK:        0001657788
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0001104659-22-114207
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1657788/000110465922114207/0001104659-22-114207-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1657788/000110465922114207/tm2229435d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-114207

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