Kimbell Royalty Partners ( (KRP) ) has released its Q1 earnings. Here is a breakdown of the information Kimbell Royalty Partners presented to its investors.
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Kimbell Royalty Partners, LP is a prominent owner of oil and natural gas mineral and royalty interests, operating across 28 states in the United States. The company is headquartered in Fort Worth, Texas, and is known for its extensive portfolio of over 131,000 gross wells.
Kimbell Royalty Partners reported record financial results for the first quarter of 2025, with significant increases in oil, natural gas, and NGL revenues, net income, and cash available for distribution. The company also completed a major acquisition and simplified its capital structure by redeeming preferred units.
Key financial highlights include a net income of $25.9 million and a record consolidated Adjusted EBITDA of $75.5 million. The company achieved a run-rate daily production of 25,841 Boe/d, exceeding its guidance. Additionally, Kimbell increased its borrowing base to $625 million and announced a cash distribution of $0.47 per common unit, marking an 18% increase from the previous quarter.
Looking ahead, Kimbell Royalty Partners remains optimistic about its role in the U.S. oil and natural gas royalty industry. The company aims to continue its growth trajectory and enhance unitholder value through strategic acquisitions and operational efficiencies.