Kimbell Royalty Partners, LP Reports Earnings Results for the Second Quarter Ended June 30, 2023
August 02, 2023 at 07:00 am EDT
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Kimbell Royalty Partners, LP reported earnings results for the second quarter ended June 30, 2023. For the second quarter, the company reported revenue was USD 60.75 million compared to USD 72.71 million a year ago. Net income was USD 13.5 million compared to USD 37.87 million a year ago.
Basic earnings per share from continuing operations was USD 0.24 compared to USD 0.66 a year ago. Diluted earnings per share from continuing operations was USD 0.23 compared to USD 0.55 a year ago.
Kimbell Royalty Partners, LP is an oil and gas mineral and royalty company. It owns mineral and royalty interests in over 17 million gross acres in 28 states and in onshore basin in the continental United States, including ownership in more than 129,000 gross wells. Its properties include the Permian Basin, Mid-Continent, Appalachian, Eagle Ford, Bakken, Terryville/Cotton Valley/Haynesville, and DJ Basin/Rockies/Niobrara. The Permian Basin extends from southeastern New Mexico into West Texas. The Mid-Continent is an area containing fields in Arkansas, Kansas, Louisiana, New Mexico, Oklahoma, Nebraska and Texas and including the Granite Wash, Cleveland, and Mississippi Lime formations. The Appalachian Basin covers most of Pennsylvania, eastern Ohio, West Virginia, western Maryland, eastern Kentucky, central Tennessee, western Virginia, northwestern Georgia, and northern Alabama. The Williston Basin stretches through North Dakota, the northwest part of South Dakota, and eastern Montana.
KIMBELL ROYALTY PARTNERS, LP 
