Kimbell Royalty Partners, LP announced its financial and operating results for the second quarter ended June 30, 2025, reporting total revenues of $86.5 million and net income of $26.7 million. Net income attributable to common units was $2.0 million, or $0.02 per common unit. Consolidated Adjusted EBITDA for the quarter was $63.8 million.
The company's Q2 2025 run-rate average daily production was 25,355 Boe per day, composed of 47% natural gas and 53% liquids. Kimbell's active rig count remained strong with 88 rigs drilling on its acreage, representing a 17% market share of U.S. land rigs, an increase of 1% in market share despite a 7% quarter-over-quarter drop in the overall U.S. land rig count.
Kimbell declared a cash distribution of $0.38 per common unit for Q2 2025, representing 75% of cash available for distribution. This distribution is a decrease from the previous quarter. Approximately 100% of this distribution is expected to be considered a non-taxable return of capital. The company plans to use $13.6 million of cash available for distribution for debt pay-down, with net debt to TTM consolidated Adjusted EBITDA at approximately 1.6x as of June 30, 2025.
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