Kimbell Royalty Partners, LP (KRP) Financial Statements (2024 and earlier)

Company Profile

Business Address 777 TAYLOR ST., SUITE 810
FORT WORTH, TX 76102
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments30,99324,6367,0529,80514,20415,774
Cash and cash equivalents30,99324,6367,0529,80514,20415,774
Receivables      8
Deferred costs   900   
Derivative instruments and hedges, assets11,428 166 6882,981
Other undisclosed current assets60,72050,55737,29918,52719,24818,852
Total current assets:103,14075,19245,41728,33234,14037,615
Noncurrent Assets
Operating lease, right-of-use asset2,1892,5252,8453,1233,400
Property, plant and equipment5909541,8881,9651,327430
Oil and gas, full cost method, property and equipment, after accumulated depletion1,221,656753,269540,792520,993704,442710,815
Long-term investments and receivables   4,7395,1352,952 
Long-term investments   4,7395,1352,952 
Derivative instruments and hedges2,8887551,591 1171,247
Other undisclosed noncurrent assets7,325244,0514,2145,0862,2173,179
Total noncurrent assets:1,234,6491,001,554556,069536,303714,454715,671
TOTAL ASSETS:1,337,7891,076,746601,487564,634748,594753,285
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities12,7686,1204,1315,6545,4393,800
Accounts payable6,5951,2108118891,2081,331
Accrued liabilities6,1734,9103,3194,7654,2322,469
Derivative instruments and hedges, liabilities 20912,64724,1913,113  
Total current liabilities:12,97718,76728,3218,7675,4393,800
Noncurrent Liabilities
Long-term debt and lease obligation294,200233,016219,677174,399103,26087,310
Long-term debt, excluding current maturities294,200233,016217,116171,550100,13587,310
Liabilities, other than long-term debt2,1462,9914,6393,168  
Other liabilities198323448   
Operating lease, liability1,8882,2362,5612,8483,124
Derivative instruments and hedges, liabilities604324,1913,168  
Other undisclosed noncurrent liabilities  8,563    
Total noncurrent liabilities:296,346244,570224,316177,566103,26087,310
Total liabilities:309,322263,337252,637186,333108,69991,110
Temporary equity, carrying amount314,424236,900 42,66674,91069,449
Equity
Other undisclosed equity714,043576,510348,850335,635564,985592,727
Total equity:714,043576,510348,850335,635564,985592,727
TOTAL LIABILITIES AND EQUITY:1,337,7891,076,746601,487564,634748,594753,285

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues294,069248,059135,61590,482108,22570,258
Cost of revenue(130,296)(82,013)(59,327)(63,754)(67,984)(34,265)
Gross profit:163,773166,04676,28826,72840,24235,993
Operating expenses(53,898)(29,129)(26,978)(277,461)(191,817)(84,159)
Operating income (loss):109,875136,91849,311(250,734)(151,575)(48,166)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(181)4,0441,264(100)  
Interest and debt expense(26,431)(13,818)(9,182)(6,906)(5,814)(4,092)
Income (loss) from continuing operations before equity method investments, income taxes:83,263127,14341,392(257,740)(157,389)(52,258)
Income from equity method investments  2,6691,12076480 
Other undisclosed income from continuing operations before income taxes3,5093,721    
Income (loss) from continuing operations before income taxes:86,772133,53342,512(256,976)(157,309)(52,258)
Income tax expense (benefit)(3,766)(2,739)(74)885(899)(25)
Income (loss) from continuing operations:83,006130,79442,438(256,091)(158,208)(52,282)
Income (loss) before gain (loss) on sale of properties:42,438(256,091)(158,208)(52,282)
Net income (loss):83,006130,79442,438(256,091)(158,208)(52,282)
Net income (loss) attributable to noncontrolling interest(16,465)(18,823)(8,496)96,64289,1481,856
Net income (loss) attributable to parent:66,541111,97233,942(159,448)(69,060)(50,427)
Preferred stock dividends and other adjustments(6,310) (11,250)(7,811)(13,878)(6,310)
Net income (loss) available to common stockholders, diluted:60,230111,97222,692(167,259)(82,938)(56,737)

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):83,006130,79442,438(256,091)(158,208)(52,282)
Comprehensive income (loss):83,006130,79442,438(256,091)(158,208)(52,282)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(16,465)(18,823)(8,496)96,64289,1481,856
Comprehensive income (loss), net of tax, attributable to parent:66,541111,97233,942(159,448)(69,060)(50,427)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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