Q1 25 EPS
$0.20
BEAT +28.53%
Est. $0.16
Q1 25 Revenue
$84.2M
BEAT +0.61%
Est. $83.7M
vs S&P Since Q1 25
-8.5%
TRAILING MARKET
KRP +24.5% vs S&P +33.0%
Market Reaction
Did KRP Beat Earnings? Q1 2025 Results
Kimbell Royalty Partners delivered a record-setting first quarter in 2025, posting revenue of $84.21 million and earnings per unit of $0.20 as the company's $230.00 million Permian Basin acquisition, which closed January 17, proved immediately accret… Read more Kimbell Royalty Partners delivered a record-setting first quarter in 2025, posting revenue of $84.21 million and earnings per unit of $0.20 as the company's $230.00 million Permian Basin acquisition, which closed January 17, proved immediately accretive to results. Net income surged to $25.85 million from $9.34 million in the year-ago period, while consolidated Adjusted EBITDA reached a record $75.53 million and cash available for distribution hit $57.16 million, supporting a quarterly distribution of $0.47 per common unit, an 18% increase from Q4 2024. Production averaged 25,501 Boe/d on a reported basis, exceeding guidance midpoints, with oil realizing $70.34 per barrel and natural gas fetching $3.68 per Mcf. Post-quarter, Kimbell expanded its revolving credit facility borrowing base to $625.00 million and redeemed 50% of its Series A Preferred Units, leaving expected total debt near $462.10 million at roughly 1.5x net leverage. Management affirmed full-year 2025 guidance, citing 90 active rigs on its acreage and a healthy drilled-but-uncompleted well inventory as reasons for continued confidence.
Key Takeaways
- • Accretive $230 million Permian Basin acquisition closed January 17, 2025, adding significant production
- • Record oil, natural gas, and NGL revenues of $90.0 million ($91.6 million on a full-quarter pro forma basis)
- • Run-rate daily production of 25,841 Boe/d (full-quarter basis) exceeding midpoint of guidance
- • 90 active rigs drilling on acreage representing 16% market share of U.S. land rig count
- • Strong net DUC and permit inventory of 8.10 net locations versus 6.5 net wells needed to maintain flat production
KRP YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
KRP Revenue by Segment
With YoY comparisons, source: SEC Filings
“We are beginning 2025 with several new milestones for Kimbell, which include records for oil, natural gas and NGL revenues, consolidated adjusted EBITDA and cash available for distribution for Q1 2025. Other 2025 milestones so far include completing a highly attractive and accretive acquisition in the core of the Permian Basin on January 17, 2025, increasing the Company's borrowing base and elected commitments on the credit facility from $550 million to $625 million on May 1, 2025 and redeeming 50% of the Series A Cumulative Convertible Preferred Units on May 7, 2025, further simplifying our capital structure and reducing our cost of capital. Even with the uncertainty occurring across the broader geopolitical landscape, activity on our acreage remains robust with 90 rigs actively drilling on our acreage as of March 31, 2025, representing 16% market share of all land rigs drilling in the lower 48.”
— Robert Ravnaas, Q1 2025 Earnings Press Release
KRP Earnings Trends
KRP vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
KRP EPS Trend
Earnings per share: estimate vs actual
KRP Revenue Trend
Quarterly revenue: estimate vs actual
KRP Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 MISS | $0.21 | $0.04 | -80.95% | $65.5M | -26.99% |
| Q4 25 BEAT FY | $0.14 | $0.21 | +53.62% | $82.5M | +6.96% |
| FY Full Year | $0.67 | $0.62 | -7.46% | $333.8M | +2.25% |
| Q3 25 BEAT | $0.16 | $0.19 | +18.75% | $80.6M | +0.80% |
| Q2 25 MISS | $0.19 | $0.02 | -89.47% | $86.5M | +6.00% |
| Q1 25 BEAT | $0.16 | $0.20 | +28.53% | $84.2M | +0.61% |