Kimbell Royalty Partners, LP - Form 8-K Summary
Business Context and Reporting Period
This Current Report (Form 8-K) was filed on May 2, 2017, by Kimbell Royalty Partners, LP, a Delaware limited partnership. The filing reports on events occurring on the filing date regarding the declaration of a quarterly cash distribution for the period ended March 31, 2017.
Key Financial Metrics
- Quarterly Distribution: $0.23 per common unit.
- Distribution Period: Quarter ended March 31, 2017.
- Payment Date: May 15, 2017.
- Record Date: May 8, 2017.
- Other Metrics: The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes
The distribution amount for the first quarter of 2017 was adjusted to reflect the period from the closing of the Partnership's initial public offering on February 8, 2017, through March 31, 2017. No other material changes to financial position or operations are detailed in this specific filing.
Guidance, Outlook, and Risks
This filing does not contain forward-looking guidance, management commentary on future outlook, or specific risk factors beyond the standard disclosure of the distribution adjustment. The company is identified as an emerging growth company that has elected not to use the extended transition period for complying with new or revised financial accounting standards.
Investor Verification Checklist
- Verify the record date of May 8, 2017, to confirm eligibility for the $0.23 distribution.
- Confirm the pro-rata nature of the distribution due to the partial quarter following the February 8, 2017 IPO.
- Review the attached news release (Exhibit 99.1) for additional context on the distribution calculation.