KIMBELL RTY PARTNERS L.P.

Kimbell Royalty Partners, LP Common Units (NYSE:KRP ) Q1 2025 Earnings Conference Call May 8, 2025 11:00 AM ET Company Participants Rick Black - Investor Relations Bob Ravnaas - Chairman & Chief Executive Officer Davis Ravnaas - President & Chief Financial Officer Matt Daly - Chief Operating Officer Conference Call Participants Tim Rezvan - KeyBanc Capital Markets John Annis - Texas Capital Paul Diamond - Citibank Noah Hungness - Bank of America Operator Greetings, and welcome to the Kimbell Royalty Partners First Quarter Earnings Conference Call. At this time all participants are in a listen-only mode.» Mehr auf seekingalpha.com

Kimbell Royalty (KRP) came out with quarterly earnings of $0.20 per share, beating the Zacks Consensus Estimate of $0.15 per share. This compares to earnings of $0.04 per share a year ago.» Mehr auf zacks.com

Record Oil, Natural Gas and NGL Revenues, Net Income of $25.9 million, Record Consolidated Adjusted EBITDA and Record Cash Available for Distribution 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 Redeemed 50% of Outstanding Series A Cumulative Convertible Preferred Units, Further Simplifying Capital Structure and Reducing Cost of Capital Borrowing Base and Aggregate Commitments on Kimbell's Secured Revolving Credit Facility Increased from $550 million to $625 million Activity on Acreage Remains Robust with 90 Active Rigs Drilling Representing 16%1 Market Share of U.S. Land Rig Count 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 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.  First Quarter 2025 Highlights Q1 2025 run-rate daily production of 25,501 barrels of oil equivalent ("Boe") per day (6:1) 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 Including a full Q1 2025 impact of the Acquired Production, the revenues of which will be received by the Company, run-rate production was 25,841 Boe per day (6:1) Record Q1 2025 oil, natural gas and NGL revenues of $90.0 million Including a full Q1 2025 impact of the Acquired Production, the revenues of which will be received by the Company, Q1 2025 oil, natural gas and NGL revenues were $91.6 million Q1 2025 net income of approximately $25.9 million and net income attributable to common units of approximately $17.9 million Record Q1 2025 consolidated Adjusted EBITDA of $75.5 million Including a full Q1 2025 impact of the Acquired Production, the revenues of which will be received by the Company, consolidated Adjusted EBITDA was $77.1 million On May 7, 2025, Kimbell redeemed 50% of its Series A Cumulative Convertible Preferred Units outstanding, further simplifying its capital structure and reducing its cost of capital On May 1, 2025, the borrowing base and aggregate commitments on Kimbell's secured revolving credit facility were increased from $550 million to $625 million in connection with its spring redetermination As of March 31, 2025, Kimbell's major properties3 had 8.10 net DUCs and net permitted locations on its acreage (4.67 net DUCs and 3.43 net permitted locations) compared to an estimated 6.5 net wells needed to maintain flat production As of March 31, 2025, Kimbell had 90 rigs actively drilling on its acreage, representing approximately 16% market share of all land rigs drilling in the continental United States as of such time Announced a Q1 2025 cash distribution of $0.47 per common unit, an increase of 17.5% from Q4 2024, reflecting a payout ratio of 75% of cash available for distribution; implies a 15.8% annualized yield based on the May 7, 2025 closing price of $11.88 per common unit; Kimbell intends to utilize the remaining 25% of its cash available for distribution to repay a portion of the outstanding borrowings under Kimbell's revolving credit facility Kimbell affirms its financial and operational guidance ranges for 2025 previously disclosed in its Q4 2024 earnings release Robert Ravnaas, Chairman and Chief Executive Officer of Kimbell Royalty GP, LLC, Kimbell's general partner (the "General Partner"), commented, "We are beginning 2025 with several new milestones for Kimbell, which include records for oil, natural gas and NGL revenues, consolidated adjusted EBITDA and cash available for distribution for Q1 2025.» Mehr auf prnewswire.com