secwatch.observer — SEC 8-K summary
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Issuer:     Kimbell Royalty Partners, LP (KRP)
CIK:        0001657788
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0001104659-23-086583
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1657788/000110465923086583/0001104659-23-086583-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1657788/000110465923086583/tm2322096d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-086583

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