secwatch.observer — SEC 8-K summary
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Issuer:     Kimbell Royalty Partners, LP (KRP)
CIK:        0001657788
Form:       8-K
Filed at:   2024-02-21T23:59:59+00:00
Accession:  0001104659-24-025796
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 Q4 production 24,332 Boe/d and record Adjusted EBITDA $69.0M
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- Record Q4 run-rate production 24,332 Boe/d (6:1), exceeding guidance and up 3.4% organic from Q3.
- Record Q4 oil, natural gas, NGL revenues $83.9M, up 21.2% from Q3; consolidated Adjusted EBITDA $69.0M, up 23.7%.
- Q4 net income $17.8M ($0.14/unit attributable to common units); non-cash ceiling test impairment of $18.2M.
- Q4 cash distribution $0.43/unit (75% payout) payable March 20, 2024; remaining 25% used for debt paydown.
- Borrowing base increased to $550M from $400M; initiated FY2024 guidance midpoint 24,000 Boe/d.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1657788/000110465924025796/0001104659-24-025796-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1657788/000110465924025796/tm246436d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-025796

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