Overview

* Kimbell Q2 revenue at $86.5 mln

* Adjusted EBITDA of $63.8 mln missed analyst expectations, per LSEG data

* Company maintains 17% market share with 88 active rigs in U.S.

Outlook

* Kimbell affirms 2025 financial and operational guidance ranges

* Company highlights strong rig activity despite U.S. land rig count drop

* Company plans to use 25% of cash for debt repayment

Result Drivers

* ACTIVE RIGS - Kimbell maintains strong drilling activity with 88 active rigs, representing 17% of U.S. land rig market share

* PERMIAN BASIN - Increased rig count in Permian Basin contributes to 9% rise in net DUCs, supporting production resilience

* CASH G&A - Cash G&A per BOE below guidance, indicating operational discipline and positive leverage

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 $86.55

Revenue mln

Q2 EPS $0.02

Q2 Net $26.67

Income mln

Q2 Miss $63.84 $66.40

Adjusted mln mln (6

EBITDA Analysts

)

Q2 $68.24

EBITDA mln

Q2 $37.79

Operatin mln

g Income

Q2 $28.84

Pretax mln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 2 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the integrated oil & gas peer group is "buy"

* Wall Street's median 12-month price target for Kimbell Royalty Partners LP ( KRP ) is $17.50, about 15.5% above its August 6 closing price of $14.79

* The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 24 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)