What is the market's earnings forecast for Kimbell Royalty next quarter?

What is Kimbell Royalty's latest dividend and current dividend yield?

Did Kimbell Royalty beat or miss consensus estimates last quarter?

What does Kimbell Royalty do and what are its main business segments?

What were the key takeaways from Kimbell Royalty's earnings call?

What is the revenue and EPS growth rate for Kimbell Royalty year over year?

What is Kimbell Royalty's gross profit margin?

What were the key takeaways from Kimbell Royalty’s earnings call?

- **Production Resilience**: Q3 2025 at 25,530 BOE/day, +1% QoQ, despite industry slowdown.
- **Strong Financials**: $62.3M EBITDA, 1.6x net debt ratio, $0.35/unit distribution (100% return of capital).
- **Strategic Positioning**: 16% U.S. rig market share, 50% gas exposure, and 6.5 net DUCs (declining over time).
- **Growth Catalysts**: Mid-Con gas demand, Haynesville inventory, and selective M&A.

**【CEO Summary Section】**
- Q3 2025 production increased 1% QoQ, exceeding the midpoint of 2025 guidance at 25,530 BOE/day.
- 86 active rigs (16% U.S. land rig market share) support flat to growing production, with line-of-sight wells exceeding maintenance needs.
- Cash G&A per BOE was $2.51, below the midpoint of guidance, reflecting operational efficiency.
- $0.35/unit distribution declared, with 100% return of capital and 25% used to reduce debt.

**【CFO Financial Commentary】**
- Q3 revenue: $76.8M; adjusted EBITDA: $62.3M.
- Balance sheet: $448.5M debt, 1.6x net debt/EBITDA, $176.5M undrawn revolver.
- Reaffirmed 2025 guidance despite industry slowdown, citing diversified portfolio and operator activity.

**【Q&A Key Highlights】**
- **Production Outlook**: 2026 expected to be flat or increasing, driven by Mid-Con and Haynesville gas demand.
- **Marketing Expenses**: Q3 spike due to Mid-Con growth; expect normalization near historical averages.
- **M&A Strategy**: Focused on large, accretive deals; Boren acquisition (Jan 2025) outperforming expectations.
- **DUCs**: Maintenance level of 6.5 wells likely to decline as portfolio matures.
- **Gas Exposure**: 50% production from gas, with upside in $4+ gas price environment.

Kimbell Royalty Partners, LP Common Units (KRP) Q3 2025 Earnings Call Transcript

Oil, Natural Gas and Ngl

Lease Bonus and Other Income

Loss on Commodity Derivative Instruments

KRP

KRP fundamentals

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