Kimbell Royalty Partners Announces Record Third Quarter 2019 Results
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Kimbell Royalty Partners, LP (KRP) Reports Q3 Revenues Beat
November 7, 2019 7:28 AM ESTKimbell Royalty Partners, LP (NYSE: KRP) reported Q3 EPS of ($0.73), $0.75 worse than the analyst estimate of $0.02. Revenue for the quarter came in at $32.98 million versus the consensus estimate of $27.7 million.
Total third quarter 2019 revenues increased to $33.0 million compared to $18.4 million in the third quarter of 2018, primarily due to production and operating activities from the assets acquired in the Haymaker acquisition, dropdown and Phillips acquisition as well as organic growth. Third quarter 2019 net loss was $28.9 million and net loss attributable to common units was $16.3 million, or $0.73 per common unit, compared to... More