The company reported $0.40 GAAP EPS and $112.48M revenue, exceeding analyst expectations by $0.15 and $19.75M respectively.
Kimbell Royalty Partners posted Q2 GAAP earnings per share of $0.40, surpassing estimates by $0.15. Revenue reached $112.48M, a 30% year-over-year increase and $19.75M above forecasts.
The company attributed the strong performance to robust activity, with 91 active rigs drilling, representing a 16% share of the U.S. land rig count. Prior-year revenue was not disclosed in the release, but the current quarter’s growth reflects heightened operational momentum.
Market reaction details were not provided in the release.