Kimbell Royalty (KRP) Beats Q3 Earnings and Revenue Estimates

Core Viewpoint - Kimbell Royalty (KRP) reported quarterly earnings of $0.22 per share, exceeding the Zacks Consensus Estimate of $0.21 per share, and showing an increase from $0.19 per share a year ago, indicating a positive earnings surprise of 4.76% [1][2] Financial Performance - The company achieved revenues of $83.79 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 5.18%, and up from $67.2 million in the same quarter last year [2] - Over the last four quarters, Kimbell Royalty has exceeded consensus revenue estimates three times [2] Stock Performance - Kimbell Royalty shares have increased approximately 8.8% since the beginning of the year, while the S&P 500 has gained 24.3% [3] - The stock is currently rated Zacks Rank 4 (Sell), indicating expectations of underperformance in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.22 on revenues of $81.34 million, and for the current fiscal year, it is $0.68 on revenues of $322.11 million [7] - The trend of estimate revisions for Kimbell Royalty has been unfavorable leading up to the earnings release [6] Industry Context - The Oil and Gas - Royalty Trust - United States industry is currently ranked in the bottom 6% of over 250 Zacks industries, suggesting potential challenges for stocks within this sector [8]