2024-06-25 11:21:57 ET
Summary
- Kimbell's Q1 2024 production exceeded expectations.
- Run-rate production was 24,678 BOEPD during the quarter, while prior period production that was recognized in Q1 added another 2,776 BOEPD.
- Kimbell seems likely to do better than its 24,000 BOEPD full-year guidance midpoint.
- It also has 8.2 net line-of-sight wells, which is relatively high compared to the 5.8 net wells per year it needs to maintain production.
Kimbell Royalty Partners ( KRP ) reported strong Q1 2024 production numbers and declared a $0.49 per unit distribution. Kimbell's results were boosted by an atypically large amount of prior quarter production that was recognized in Q1 2024, but even without that boost its run-rate production was around 3% higher than its full-year guidance midpoint....
Read the full article on Seeking Alpha
For further details see:
Kimbell Royalty Partners: Q1 Results Show A Strong Start To 2024