Kimbell Royalty Partners, LP (NYSE:KRP) Q4 2023 Earnings Conference Call February 21, 2024 11:00 AM ET

Company Participants

Rick Black - IR

Bob Ravnaas - Chairman & CEO

Davis Ravnaas - President & CFO

Blayne Rhynsburger - Controller

Matthew Daly - COO

Conference Call Participants

Neal Dingmann - Truist Securities

Jon Mardini - KeyBanc Capital Markets

Derrick Whitfield - Stifel

Paul Diamond - Citi

Grant Adkins - Raymond James

Aaron Bilkoski - TD Cowen

Operator

Welcome to the Kimbell Royalty Partners Fourth Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode. Question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host, Rick Black, with Investor Relations. Thank you, sir. You may begin.

Rick Black

Thank you, operator, and good morning, everyone. Welcome to the Kimbell Royalty Partners conference call to review financial and operational results for the fourth quarter 2023 ended on December 31, 2023.

This call is also being webcast and can be accessed through the audio link on the Events and Presentations page of the IR section of kimbellrp.com. Information recorded on this call speaks only as of today, February 21, 2024. So please be advised that any time-sensitive information may no longer be accurate as of the date of any replay listening or transcript reading.

I would also like to remind you that the statements made in today's discussion that are not historical facts, including statements of expectations or future events or future financial performance are considered forward-looking statements made pursuant to the safe harbor's provision of the Private Securities Litigation Reform Act of 1995. We will be making statements that are forward-looking as part of today's call, which by their nature, are uncertain and outside of the company's control. Actual results may differ materially.

Please refer to today's earnings release for our disclosure on forward-looking statements. These factors and other uncertainties and risks are detailed in the company's filings with the Securities and Exchange Commission.

Management will also refer to non-GAAP measures, including adjusted EBITDA and cash available for distribution. Reconciliations to the nearest GAAP measures can be found at the end of today's earnings release. Kimbell assumes no obligation to publicly update or revise any forward-looking statements.

And with that, I would now like to turn the call over to Bob Ravnaas, Kimbell Royalty Partners' Chairman and Chief Executive Officer. Bob?