---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-055990"
form_type: "8-K"
ticker: "KRP"
cik: "0001657788"
company_name: "Kimbell Royalty Partners, LP"
filed_at: "2024-05-02T23:59:59+00:00"
generated_at: "2026-06-03T00:36:17.300878+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 Q1 production, revenue, Adjusted EBITDA; distribution up 14%

## Summary
- Record Q1 production 24,678 Boe/d (+1.4% QoQ); record revenues $87.5M (+4.2%).
- Adjusted EBITDA $74.1M (record, +7.4% QoQ); net income $9.3M (down from $17.8M due to $6.0M impairment).
- Q1 distribution $0.49/unit (14% increase from Q4), 75% payout ratio; 79% expected return of capital.
- 98 rigs active (16.3% market share); net DUCs+permits 8.20 vs ~5.8 needed for flat production.
- Net debt to trailing EBITDA 1.0x; affirms 2024 guidance.

## SEC filing metadata
- accession: 0001104659-24-055990
- form_type: 8-K
- ticker: KRP
- cik: 0001657788
- company_name: Kimbell Royalty Partners, LP
- filed_at: 2024-05-02T23:59:59+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/1657788/000110465924055990/0001104659-24-055990-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1657788/000110465924055990/tm2413169d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-055990
- JSON: https://secwatch.observer/filing/0001104659-24-055990.json
- Plain text: https://secwatch.observer/filing/0001104659-24-055990.txt

## Key facts
- Earnings Releases
  Kimbell Royalty Partners, LP reported the quarter ended March 31, 2024 results: revenue $87.5 million, net income approximately $9.3 million, EPS $0.04 per common unit. Guidance reaffirmed.
  - Period: the quarter ended March 31, 2024
  - Revenue: $87.5 million
  - Net income: approximately $9.3 million
  - EPS: $0.04 per common unit
  - Guidance: reaffirmed
  - Result: reported results
  source text: 24,678 barrels of oil equivalent (“Boe”) per day (6:1), an increase of 1.4% from Q4 2023, or 5.6% on an annualized basis · Record Q1 2024 oil, natural gas and NGL revenues of $87.5 million, an increase of 4.2% from Q4 2023 · Q1 2024 net income of approximately $9.3 million and net income attributable to common units of approximately $3.2 million, as compared to
  evidence_url: https://www.sec.gov/Archives/edgar/data/1657788/000110465924055990/0001104659-24-055990-index.htm

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