Kimbell Royalty Partners Q2 EPS $0.23 Beats $0.12 Estimate, Sales $60.75M Beat $53.46M Estimate
Portfolio Pulse from Benzinga Newsdesk
Kimbell Royalty Partners (NYSE:KRP) reported Q2 earnings of $0.23 per share, beating the analyst consensus estimate of $0.12 by 91.67%. However, this is a 58.18% decrease from the same period last year. The company also reported quarterly sales of $60.75 million, beating the analyst consensus estimate of $53.46 million by 13.64%, but this is a 16.45% decrease from the same period last year.
August 04, 2023 | 10:57 am
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Kimbell Royalty Partners beat Q2 earnings and sales estimates, but reported decreases from the same period last year.
While Kimbell Royalty Partners beat Q2 earnings and sales estimates, the reported decreases from the same period last year could potentially offset the positive impact of beating estimates. This could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100