Kimbell Royalty Partners reports Q1 EPS 20c, consensus 16c

Reports Q1 revenue $84.2M, consensus $83.7M. Reports Q1 2025 run-rate daily production of 25,501 barrels of oil equivalent per day. CEO Robert RavnaasKimbell Royalty, Kimbell’s 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. Other 2025 milestones so far include completing a highly attractive and accretive acquisition in the core of the Permian Basin on January 17, 2025, increasing the Company’s borrowing base and elected commitments on the credit facility from $550M to $625M on May 1, 2025 and redeeming 50% of the Series A Cumulative Convertible Preferred Units on May 7, 2025, further simplifying our capital structure and reducing our cost of capital. Even with the uncertainty occurring across the broader geopolitical landscape, activity on our acreage remains robust with 90 rigs actively drilling on our acreage as of March 31, 2025, representing 16% market share of all land rigs drilling in the lower 48…As we look forward in 2025 and beyond, we remain bullish about the U.S. oil and natural gas royalty industry, our role as a leading consolidator in the sector and the prospects for Kimbell to generate long-term unitholder value.”