Kimbell Royalty Q1 net income $23.3M, record production 17,014 Boe/d

Kimbell Royalty Partners, LP

Q1 net income of $28.9M; net income attr. to common units $23.3M ($0.37/unit).
Total revenues $66.9M; consolidated Adjusted EBITDA $42.3M, down from $46.2M Q4.
Record Q1 run-rate production 17,014 Boe/d; record rig count 94 on acreage.
Q1 cash distribution $0.35/unit (75% payout), payable May 22; 25% used for debt paydown.
Pending $143.1M MB Minerals acquisition expected to close Q2 2023 with April 1 effective date.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Kimbell Royalty Partners, LP reported first quarter 2023 results: revenue $57.4 million, net income approximately $28.9 million, EPS $0.37 per common unit.

Period: first quarter 2023
Revenue: $57.4 million
Net income: approximately $28.9 million
EPS: $0.37 per common unit
Result: reported results

Exact text from the filing

Minerals (the “Acquired Production”), which is expected to close in Q2 2023 with an effective production date of April 1, 2023 · Q1 2023 oil, natural gas and NGL revenues of $57.4 million, a decrease of 10.9% from Q4 2022, primarily attributable to a decline in realized commodity prices · Q1 2023 net income of approximately $28.9 million and net income

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Kimbell Royalty Partners, LP filing history →

Source: SEC EDGAR

accession 0001104659-23-055250

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