---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-086583"
form_type: "8-K"
ticker: "KRP"
cik: "0001657788"
company_name: "Kimbell Royalty Partners, LP"
filed_at: "2023-08-02T23:59:59+00:00"
generated_at: "2026-06-12T13:52:58.467036+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Kimbell Royalty Partners reports record Q2 run-rate production, boosts distribution 11%, expands credit facility

## Summary
- Record Q2 run-rate production of 17,573 Boe/d; pro forma with full quarter of MB Minerals acquisition: 18,554 Boe/d.
- Q2 2023 net income $17.8M; Adjusted EBITDA $45.0M; net income attributable to common units $13.5M ($0.24/unit).
- Q2 cash distribution $0.39/unit (payable Aug 21, 2023), 11% increase from Q1; 75% payout ratio; 9.9% annualized yield.
- Credit facility amended: borrowing base and elected commitments increased to $400M from $350M; maturity extended to June 2027.
- Market share of U.S. land rig count 13.8% (90 rigs); oil production mix shifted to 33% vs 29% in Q1.

## SEC filing metadata
- accession: 0001104659-23-086583
- form_type: 8-K
- ticker: KRP
- cik: 0001657788
- company_name: Kimbell Royalty Partners, LP
- filed_at: 2023-08-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1657788/000110465923086583/0001104659-23-086583-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1657788/000110465923086583/tm2322096d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-086583
- JSON: https://secwatch.observer/filing/0001104659-23-086583.json
- Plain text: https://secwatch.observer/filing/0001104659-23-086583.txt

## Key facts
- Earnings Releases
  Kimbell Royalty Partners, LP reported second quarter 2023 results: revenue $57.0 million, net income approximately $17.8 million. Guidance reaffirmed.
  - Period: second quarter 2023
  - Revenue: $57.0 million
  - Net income: approximately $17.8 million
  - Guidance: reaffirmed
  - Result: reported results
  source text: Q2 2023 oil, natural gas and NGL revenues of $57.0 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1657788/000110465923086583/0001104659-23-086583-index.htm
- Earnings Releases
  Kimbell Royalty Partners, LP reported the quarter ended June 30, 2023 results: revenue $57.0 million, net income $17.8 million. Guidance reaffirmed.
  - Period: the quarter ended June 30, 2023
  - Revenue: $57.0 million
  - Net income: $17.8 million
  - Guidance: reaffirmed
  - Result: reported results
  source text: the Acquired Production, the revenues of which will be received by the Company, run-rate production was 18,554 Boe per day (6:1) · Q2 2023 oil, natural gas and NGL revenues of $57.0 million, a decrease of 0.8% from Q1 2023, primarily attributable to a decline in realized commodity prices · Q2 2023 net income of approximately $17.8 million and net income
  evidence_url: https://www.sec.gov/Archives/edgar/data/1657788/000110465923086583/0001104659-23-086583-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.