An update from Kimbell Royalty Partners ( (KRP) ) is now available.
Kimbell Royalty Partners reported a robust third quarter in 2024, with a run-rate daily production of 23,846 Boe/d and significant activity on their acreage, including 90 active drilling rigs. The company announced a Q3 cash distribution of $0.41 per common unit, with a 10% annualized yield. Kimbell’s financial performance was strong, with $71.1 million in revenues and a net income of $25.8 million. The increase in net drilled but uncompleted wells, particularly in the Permian Basin, underscores heightened operator interest and production resilience.
See more insights into KRP stock on TipRanks’ Stock Analysis page.
