Utility firm Kimbell's Q3 adjusted EBITDA misses analyst expectations

Kimbell Royalty Partners, LP

06/11/2025 12:22

Overview

Kimbell Q3 adjusted EBITDA misses analyst expectations

Net income for Q3 2025 reported at $22.3 mln

Company announces Q3 cash distribution of $0.35 per common unit

Outlook

Kimbell affirms its 2025 financial and operational guidance ranges

Company plans to repay $12.6 mln of debt with cash available for distribution

Company maintains strong rig activity with 86 active rigs

Result Drivers

PRODUCTION INCREASE - Kimbell's production rose by 1% between Q2 and Q3 2025, exceeding guidance midpoint, attributed to diversified and low decline production base

STRONG RIG ACTIVITY - 86 rigs actively drilling on Kimbell's acreage, representing 16% market share of U.S. land rigs

LOWER CASH G&A - Cash G&A per BOE was below the midpoint of guidance due to operational discipline

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Net Income
$22.32 mln
Q3 Adjusted EBITDA
Miss
$62.27 mln
$65.97 mln (7 Analysts)
Q3 EBITDA
$59.89 mln
Q3 Operating Income
$28.85 mln
Q3 Pretax Profit
$19.07 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 2 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the integrated oil & gas peer group is "buy"

Wall Street's median 12-month price target for Kimbell Royalty Partners LP is $17.00, about 22.8% above its November 5 closing price of $13.12

The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 23 three months ago

Press Release: ID:nPn8p2rvMa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)