earnings
confidence high
sentiment positive
materiality 0.80
Kimbell Royalty Partners reports record Q4 and full-year 2022 results; initiates 2023 guidance
Kimbell Royalty Partners, LP
- Q4 2022 revenue $68.7M, net income $35.2M; full-year record revenue and net income.
- Run-rate production 17,176 Boe/d including Hatch Royalty acquisition ($270.7M, closed Dec 15).
- Q4 distribution $0.48/unit (75% payout); 13.2% annualized yield based on Feb 22 close.
- Borrowing base increased to $350M; net debt to trailing EBITDA 0.9x.
- 2023 guidance mid-point production 17,200 Boe/d; oil weighting to increase.