Kimbell Royalty Partners (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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments24,6367,0529,80514,20415,7745,625
Cash and cash equivalents24,6367,0529,80514,20415,7745,625
Receivables     813
Deferred costs  900    
Derivative instruments and hedges, assets 166 6882,981 
Other undisclosed current assets50,55737,29918,52719,24818,8527,017
Total current assets:75,19245,41728,33234,14037,61512,655
Noncurrent Assets
Operating lease, right-of-use asset2,5252,8453,1233,400
Property, plant and equipment9541,8881,9651,327430165
Oil and gas property, full cost method753,269540,792520,993704,442710,815282,216
Long-term investments and receivables  4,7395,1352,952  
Long-term investments  4,7395,1352,952  
Derivative instruments and hedges7551,591 1171,247 
Other undisclosed noncurrent assets244,0514,2145,0862,2173,179255
Total noncurrent assets:1,001,554556,069536,303714,454715,671282,636
TOTAL ASSETS:1,076,746601,487564,634748,594753,285295,291
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6,1204,1315,6545,4393,8002,063
Accounts payable1,2108118891,2081,331316
Accrued liabilities4,9103,3194,7654,2322,4691,747
Derivative instruments and hedges, liabilities12,64724,1913,113  184
Total current liabilities:18,76728,3218,7675,4393,8002,247
Noncurrent Liabilities
Long-term debt and lease obligation233,016219,677174,399103,26087,31030,844
Long-term debt, excluding current maturities233,016217,116171,550100,13587,31030,844
Liabilities, other than long-term debt2,9914,6393,168  135
Other liabilities323448    
Operating lease, liability2,2362,5612,8483,124
Derivative instruments and hedges, liabilities4324,1913,168  135
Other undisclosed noncurrent liabilities 8,563     
Total noncurrent liabilities:244,570224,316177,566103,26087,31030,978
Total liabilities:263,337252,637186,333108,69991,11033,226
Temporary equity, carrying amount236,900 42,66674,91069,449 
Equity
Other undisclosed equity576,510348,850335,635564,985592,727 
Total equity:576,510348,850335,635564,985592,727 
TOTAL LIABILITIES AND EQUITY:1,076,746601,487564,634748,594753,28533,226

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues248,059135,61590,482108,22570,25830,346
Revenue, net30,665
Cost of revenue(82,013)(59,327)(63,754)(67,984)(34,265)(19,647)
Gross profit:166,04676,28826,72840,24235,99310,699
Operating expenses(29,129)(26,978)(277,461)(191,817)(84,159)(8,192)
Operating income (loss):136,91849,311(250,734)(151,575)(48,166)2,507
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
4,0441,264(100)   
Interest and debt expense(13,818)(9,182)(6,906)(5,814)(4,092)(791)
Income (loss) from continuing operations before equity method investments, income taxes:127,14341,392(257,740)(157,389)(52,258)1,716
Income (loss) from equity method investments2,6691,12076480  
Other undisclosed income from continuing operations before income taxes3,721     
Income (loss) from continuing operations before income taxes:133,53342,512(256,976)(157,309)(52,258)1,716
Income tax expense (benefit)(2,739)(74)885(899)(25) 
Income (loss) from continuing operations:130,79442,438(256,091)(158,208)(52,282)1,716
Income (loss) before gain (loss) on sale of properties:42,438(256,091)(158,208)(52,282)1,716
Net income (loss):130,79442,438(256,091)(158,208)(52,282)1,716
Net income (loss) attributable to noncontrolling interest(18,823)(8,496)96,64289,1481,856 
Net income (loss) attributable to parent:111,97233,942(159,448)(69,060)(50,427)1,716
Preferred stock dividends and other adjustments (11,250)(7,811)(13,878)(6,310) 
Net income (loss) available to common stockholders, diluted:111,97222,692(167,259)(82,938)(56,737)1,716

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):130,79442,438(256,091)(158,208)(52,282)1,716
Comprehensive income (loss):130,79442,438(256,091)(158,208)(52,282)1,716
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(18,823)(8,496)96,64289,1481,856 
Comprehensive income (loss), net of tax, attributable to parent:111,97233,942(159,448)(69,060)(50,427)1,716

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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