Q3 2025 Kimbell Royalty Partners LP Earnings Call Transcript
Key Points
- Kimbell Royalty Partners LP (KRP) reported a solid third quarter with production increasing organically by approximately 1% over Q2, exceeding the midpoint of their 2025 guidance.
- The company declared a Q3 2025 distribution of $0.35 per common unit, focusing on returning value to unit holders.
- KRP's diversified portfolio across leading US basins positions them well to benefit from long-term growth in US energy demand.
- The company maintains a conservative balance sheet with a net debt to trailing 12 months consolidated adjusted EBITDA of approximately 1.6 times.
- KRP's active rig count remains strong, with 86 rigs drilling across their acreage, representing a market share of US land rigs at 16%.
- There is a general slowdown among US oil and natural gas operators, which could impact future production growth.
- The line of sight wells have decreased, which could pose a challenge in maintaining or growing production levels.
- Marketing and other deductions expense was abnormally high this quarter, indicating potential volatility in cost management.
- The company faces competition from private mineral companies, which can be more aggressive in pricing and development timing.
- KRP's production growth is subject to external factors such as oil and gas prices, which are beyond their control.
Greetings and welcome to the Kimbell Royalty Partners Third quarter earnings conference call. (Operator Instruction).
It is now my pleasure to introduce your host, Rick Black with Investor Relations.
Thank you, operator, and good morning everyone. Welcome to the Kimbell Royalty Partners conference call to review financial and operational results for the Third quarter which ended September 30, 2025. This call is also being webcast and can be accessed through the audio link on the events and presentations page of the IR section of Kimbell.com.
Information recorded on this call speaks only as of today, November 6, 2025, so please be advised that any time sensitive information and it'll no longer be accurate as of the date of any replay, listening or transcript reading.
I would also like to remind you that the statements made in today's discussion that are not historical facts, including statements of expectations or future events or future financial performance, are
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