secwatch.observer — SEC 8-K summary
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Issuer:     Kimbell Royalty Partners, LP (KRP)
CIK:        0001657788
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001104659-24-115051
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kimbell Royalty Q3 run-rate production 23,846 Boe/d, Adj EBITDA $63.1M, distribution $0.41/unit
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1657788/000110465924115051/0001104659-24-115051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1657788/000110465924115051/tm2427729d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-115051

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