---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-113583"
form_type: "8-K"
ticker: "KRP"
cik: "0001657788"
company_name: "Kimbell Royalty Partners, LP"
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-09T00:32:05.232918+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Kimbell Royalty reports record Q3 production, boosts distribution to $0.51/unit

## Summary
- Q3 run-rate production 23,531 Boe/d including full-quarter impact of $455M acquisition closed Sept 13.
- Q3 revenues $69.2M (+21.5% QoQ); net income $18.5M, net income attributable to common units $13.6M.
- Adjusted EBITDA $55.8M ($71.6M including acquired production from June 1 effective date).
- Declared Q3 cash distribution $0.51/unit, payable Nov 20 to holders of record Nov 13; 75% payout ratio.
- Raised Q4 2023 production guidance; expects record low cash G&A per BOE; net debt/EBITDA 0.9x.

## SEC filing metadata
- accession: 0001104659-23-113583
- form_type: 8-K
- ticker: KRP
- cik: 0001657788
- company_name: Kimbell Royalty Partners, LP
- filed_at: 2023-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1657788/000110465923113583/0001104659-23-113583-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1657788/000110465923113583/tm2329630d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-113583
- JSON: https://secwatch.observer/filing/0001104659-23-113583.json
- Plain text: https://secwatch.observer/filing/0001104659-23-113583.txt

## Key facts
- Earnings Releases
  Kimbell Royalty Partners, LP reported quarter ended September 30, 2023 results: revenue $69.2 million, net income approximately $18.5 million. Guidance raised.
  - Period: quarter ended September 30, 2023
  - Revenue: $69.2 million
  - Net income: approximately $18.5 million
  - Guidance: raised
  - Result: reported results
  source text: Third Quarter 2023 Highlights · Record Q3 2023 run-rate daily production of 19,777 barrels of oil equivalent (“Boe”) per day (6:1) · Includes 18 days of production from the Company’s $455.0 million acquisition from a private seller (the “Acquired Production”), which closed on September 13, 2023 with an effective production date of June 1, 2023 · Including a full Q3 2023 impact of the Acquired Production, the revenues of which will be received by the Company, run-rate production was 23,531 Boe per day (6:1) · Q3 2023 oil, natural gas and NGL revenues of $69.2 million, an increase of 21.5% from Q2 2023 · Including the Acquired Production from the effective date of June 1, 2023 through September 30, 2023, Q3 2023 oil, natural gas and NGL revenues were $86.5 million · Q3 2023 net income of approximately $18.5 million and net income attributable to common units of approximately $13.6 million, as compared to $17.8 million and $13.5 million, respectively, from Q2 2023 · Q3 2023 consolidated A
  evidence_url: https://www.sec.gov/Archives/edgar/data/1657788/000110465923113583/0001104659-23-113583-index.htm

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