secwatch.observer — SEC 8-K summary
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Issuer:     Kimbell Royalty Partners, LP (KRP)
CIK:        0001657788
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0001104659-23-113583
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1657788/000110465923113583/0001104659-23-113583-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1657788/000110465923113583/tm2329630d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-113583

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