secwatch.observer — SEC 8-K summary
======================================

Issuer:     Kimbell Royalty Partners, LP (KRP)
CIK:        0001657788
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0001104659-24-055990
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 Q1 production, revenue, Adjusted EBITDA; distribution up 14%
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1657788/000110465924055990/0001104659-24-055990-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1657788/000110465924055990/tm2413169d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-055990

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer