Business
Kimbell Royalty Partners Announces Record First Quarter 2025 Results
Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell" or the "Company"), a leading owner of oil and natural gas mineral and royalty interests in over 131,000 gross wells across 28 states, today announced financial and operating results for the quarter ended March 31, 2025.
About this update from Kimbell Royalty Partners
[{"type":"text","content":"Record Oil, Natural Gas and NGL Revenues, Net Income of $25.9 million, Record Consolidated Adjusted EBITDA and Record Cash Available for Distribution ","length":149,"tagName":"p","attribs":{}},{"type":"text","content":"Q1 2025 Run-Rate Daily Production of 25,841 Boe/d (6:1) Including a Full-Quarter of Acquired Production; Exceeds Mid-Point of Guidance","length":134,"tagName":"p","attribs":{}},{"type":"text","content":"Redeemed 50% of Outstanding Series A Cumulative Convertible Preferred Units, Further Simplifying Capital Structure and Reducing Cost of Capital","length":143,"tagName":"p","attribs":{}},{"type":"text","content":"Borrowing Base and Aggregate Commitments on Kimbell's Secured Revolving Credit Facility Increased from $550 million to $625 million ","length":135,"tagName":"p","attribs":{}},{"type":"text","content":"Activity on Acreage Remains Robust with 90 Active Rigs Drilling Representing 16%1 Market Share of U.S. Land Rig Count","length":122,"tagName":"p","attribs":{}},{"type":"text","content":"Announces Q1 2025 Cash Distribution of $0.47 per Common Unit, an Increase of 18% from Q4 2024 Representing a 15.8% Annualized Tax Advantaged Cash Yield2","length":152,"tagName":"p","attribs":{}},{"type":"text","content":"FORT WORTH, Texas, May 8, 2025 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell" or the "Company"), a leading owner of oil and natural gas mineral and royalty interests in over 131,000 gross wells across 28 states, today announced financial and operating results for the quarter ended March 31, 2025.","length":348,"tagName":"p"},{"type":"text","content":"First Quarter 2025 Highlights ","length":29,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Q1 2025 run-rate daily production of 25,501 barrels of oil equivalent ("Boe") per day (6:1)","length":101,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Includes 74 days of production from the Company's $230 million acquisition from a private seller (the "Acquired Production"), which closed on January 17, 2025 with an effective date of October 1, 2024","length":214,"tagName":"p"}]},{"val":[{"type":"text","content":"Including a full Q1 2025 impact of the Acquired Production, the revenues of which will be received by the Company, run-rate produ...