Q1 2025 Kimbell Royalty Partners LP Earnings Call Transcript

May 8, 2025 / 03:00 PM GMT

Release Date Price: $12.78 (+7.58%)

Transcript 10-Q8-K

Key Points

Positve

Kimbell Royalty Partners LP (KRP) reported record revenues for oil, natural gas, and NGLs in Q1 2025.
The company completed a highly attractive acquisition in the Permian Basin, enhancing its asset portfolio.
KRP increased its credit facility commitments from $550 million to $625 million, improving financial flexibility.
The company declared a 17.5% increase in its quarterly distribution to $0.47 per common unit.
KRP maintains a low PDP decline rate of 14%, requiring only 6.5 net wells annually to maintain flat production.

Negative

The company faces challenges in transacting natural gas deals due to competitive pricing expectations.
KRP's equity currency has weakened, affecting its ability to pursue M&A opportunities.
There is uncertainty in the broader economy and commodity prices, impacting future financial performance.
The company has a significant amount of debt, with $299 million outstanding under its credit facility.
KRP's hedging strategy is limited to 20% of production, which may expose it to price volatility.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

KRP.N - Kimbell Royalty Partners LP
Q1 2025 Kimbell Royalty Partners LP Earnings Call
May 08, 2025 / 03:00PM GMT

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Presentation
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Unidentified_1 [1]
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Greetings and welcome to the Kimball royalty Partners first quarter earnings conference call. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press 0 on your telephone keypad. And as a reminder, this conference is being recorded.

It is now my pleasure to introduce to you Rick Black with Investor Relations.

Thank you, Rick. You may begin.

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Unidentified_2 [2]
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