Kimbell Royalty Partners Announces Third Quarter 2024 Results
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Kimbell Royalty Partners reported strong Q3 2024 results with a daily production of 23,846 Boe/d and revenues of $71.1 million. The company announced a cash distribution of $0.41 per common unit, reflecting a 10% annualized yield. Kimbell maintains a conservative balance sheet and affirms its 2024 guidance.
November 07, 2024 | 12:15 pm
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Kimbell Royalty Partners reported strong Q3 2024 results with significant production and revenue figures. The company announced a cash distribution of $0.41 per common unit, indicating a 10% annualized yield. Kimbell holds a 16% market share in US land rigs and maintains a conservative balance sheet.
The strong financial results, high production levels, and significant market share in US land rigs are positive indicators for Kimbell's stock. The announced cash distribution and conservative balance sheet further enhance investor confidence.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100