earnings
confidence high
sentiment positive
materiality 0.75
Kimbell Royalty Q1 2025 record revenues $90M, net income $25.9M, distribution $0.47/unit (+18%)
Kimbell Royalty Partners, LP
- Q1 run-rate production 25,841 Boe/d (6:1) including full-quarter impact of Jan 2025 $230M Permian acquisition.
- Record consolidated Adjusted EBITDA of $75.5M and record cash available for distribution; 90 active rigs on acreage (16% market share).
- Redeemed 50% of Series A preferred units on May 7; credit facility borrowing base increased from $550M to $625M on May 1.
- Q1 distribution $0.47/unit payable May 28 to holders of record May 20; 75% payout ratio, remaining 25% ($16.9M) to pay down debt.
- Affirms 2025 guidance; average realized price $70.34/Bbl oil, $3.68/Mcf gas, $26.02/Bbl NGL.