Quarterly ResultMay 7, 2026, 07:12 AM
Kimbell Royalty Partners Q1 Production 25,522 Boe/d; Net Income $6.9M
AI Summary
Kimbell Royalty Partners announced its first quarter 2026 financial and operating results, reporting a run-rate daily production of 25,522 Boe/d and net income of $6.9 million. The company declared a cash distribution of $0.41 per common unit, representing a 75% payout ratio, and repurchased 500,000 common units for approximately $7.3 million. Kimbell also affirmed its 2026 financial and operational guidance.
Key Highlights
- Q1 2026 run-rate daily production was 25,522 Boe/d.
- Q1 2026 oil, natural gas, and NGL revenues totaled $82.9 million.
- Net income for Q1 2026 was approximately $6.9 million.
- Consolidated Adjusted EBITDA for Q1 2026 reached $68.0 million.
- Declared a Q1 2026 cash distribution of $0.41 per common unit.
- Repurchased and cancelled 500,000 common units for approximately $7.3 million.
- 85 rigs were actively drilling on its acreage, representing 16% market share.
- Utilized 25% of cash available for distribution ($14.5 million) to repay debt.