earnings
confidence high
sentiment positive
materiality 0.70
Kimbell Royalty Q3 production 25,530 Boe/d beats guidance; declares $0.35/unit distribution
Kimbell Royalty Partners, LP
- Q3 run-rate daily production of 25,530 Boe/d (6:1) above mid-point guidance; oil, natural gas, NGL revenues $76.8M.
- Net income $22.3M; net income attributable to common units $17.0M ($0.19/unit); consolidated Adj. EBITDA $62.3M.
- Q3 cash distribution $0.35/common unit payable Nov 24 to holders of record Nov 17; 10.7% annualized yield on $13.12 close.
- 86 active rigs on acreage (16% U.S. land rig share); 7.07 net DUCs/permitted locations vs 6.5 needed for flat production.
- Cash G&A per BOE $2.51 below mid-point guidance; affirms 2025 guidance ranges.