01:13 PM EDT, 05/02/2024 (MT Newswires) -- Kimbell Royalty Partners ( KRP ) Thursday reported Q1 net income of $0.04 per diluted share, down from $0.36 a year earlier.

Three analysts polled by Capital IQ expected $0.19.

Revenue for the quarter ended March 31 was $82.2 million, up from $66.9 million a year earlier.

Three analysts expected $81.1 million.

The oil & gas mineral and royalties company also declared a quarterly cash distribution of $0.49 per common unit, payable May 20 to unitholders of record on May 13.

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