secwatch.observer — SEC 8-K summary
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Issuer:     Kimbell Royalty Partners, LP (KRP)
CIK:        0001657788
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0001104659-24-084616
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 Q2 run-rate production 24,110 Boe/d exceeds guidance mid-point; declares $0.42 distribution
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- Q2 run-rate daily production of 24,110 Boe/d (6:1) exceeded mid-point of 2024 guidance; total revenues $77.0M.
- Net income $15.2M; consolidated Adjusted EBITDA $65.8M. Cash G&A per BOE record low $2.34, below low-end guidance.
- Declared Q2 cash distribution $0.42/common unit (75% payout), ~10.2% annualized yield based on $16.48 close.
- 91 active rigs on acreage represent 16.3% of U.S. land rig count; net DUCs and permits well above flat production needs.
- Since May 2020, $165.4M debt paydown via portion of cash available for distribution; net debt/EBITDA 0.9x.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1657788/000110465924084616/0001104659-24-084616-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1657788/000110465924084616/tm2420594d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-084616

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