KRP · Kimbell Royalty Partners
AI read · Good for KRP
The AI's read
The acquired properties are expected to add production and cash for each unit holder. Kimbell also expects higher oil prices and unhedged production to raise cash flow.
Kimbell Royalty Partners shared its earnings call, showing record production and a $0.45 payout per unit.
Good for KRP
Kimbell's production grew 7% from the prior quarter, and its recent purchases are expected to add production and cash for unit holders. Debt was $535.8 million, but it was 1.5 times recent adjusted operating profit, with $124.2 million of unused credit.
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