Kimbell Royalty Partners Announces Third Quarter 2020 Results
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Kimbell Royalty Partners LP (KRP) Misses Q3 EPS by 47c, Revenues Miss
November 5, 2020 8:29 AM ESTKimbell Royalty Partners LP (NYSE: KRP) reported Q3 EPS of ($0.50), $0.47 worse than the analyst estimate of ($0.03). Revenue for the quarter came in at $18.44 million versus the consensus estimate of $25.41 million.
Third Quarter 2020 Highlights
Q3 2020 daily production of 14,160 barrels of oil equivalent ("Boe") per day (6:1)Q3 2020 production was composed of approximately 59% from natural gas and approximately 41% from liquids (28% from oil and 13% from natural gas liquids ("NGL")) (6:1)Q3 2020 oil, natural gas and NGL revenues of $24.3 million, an increase of 45% from Q2 2020, reflecting improved realized commodity pricesQ3 2020 realized hedging gains of approximately $675,000;... More