Kimbell Royalty Partners Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw strong production and financial results, with revenues of $82.9M and an 11% increase in distribution. Guidance for 2026 is affirmed, with higher oil prices expected to drive increased activity and potential upside.
Fiscal Year 2025
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Strong Q4 and full-year 2025 results featured organic production growth, a major Permian acquisition, and increased distributions. Financial discipline reduced debt, while 2026 guidance signals stable production and continued M&A opportunities.
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Q3 saw 1% organic production growth and revenues of $76.8M, with strong performance in diversified basins. The $0.35/unit distribution is fully a return of capital, and guidance for 2025 is reaffirmed amid sector headwinds. Debt remains conservative at 1.6x EBITDA.
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Q2 2025 saw strong cash flow, lower G&A per BOE, and a 38% distribution increase. Rig activity outperformed the broader market, with Permian and Haynesville showing growth. Debt reduction and a conservative balance sheet support continued robust development.
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Record Q1 results included all-time highs in revenues, Adjusted EBITDA, and cash available for distribution, driven by a major Permian acquisition and robust rig activity. Guidance for 2025 was reaffirmed, with a focus on disciplined capital allocation, conservative leverage, and continued M&A opportunities.
Fiscal Year 2024
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Production, revenue, and EBITDA reached record levels in 2024, supported by major acquisitions and robust rig activity. 2025 guidance targets record production, with a strong balance sheet and ongoing focus on large-scale M&A and capital returns.
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Q3 2024 saw strong financial results, record lease bonuses, and robust drilling activity, with a $0.41 per unit distribution and a plan to redeem half of Apollo preferred stock in May 2025. Production outlook remains resilient, supported by high DUC levels and diversified assets.
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Q2 2024 saw strong cash flow, record low G&A per BOE, and robust production, with 91 active rigs and a $0.42/unit distribution. Management affirmed 2024 guidance, highlighted debt reduction, and plans to redeem half of preferred equity by year-end.