earnings
confidence high
sentiment positive
materiality 0.80
Kimbell Royalty Q3 run-rate production 23,846 Boe/d, Adj EBITDA $63.1M, distribution $0.41/unit
Kimbell Royalty Partners, LP
- Q3 run-rate daily production 23,846 Boe/d (6:1); oil, natural gas & NGL revenues $71.1M.
- Net income $25.8M; diluted EPS $0.22; consolidated Adjusted EBITDA $63.1M.
- Q3 cash distribution $0.41/unit (75% payout ratio); annualized yield ~10% at $16.38 close.
- 90 rigs active on acreage (16% of US land rig count); net DUCs up 34% QoQ to 5.13.
- Record lease bonuses in Q3; 2024 financial and operational guidance affirmed.