Kimbell Royalty Partners, LP (KRP) Financial Statements (2025 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)

3/31/2025
Q1
12/31/2024
Q4
9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments34,16834,70630,94539,68030,99339,529
Cash and cash equivalent34,16834,70630,94539,68030,99339,529
Derivative instruments and hedges, assets 2,4046,8182,3786,07411,4281,489
Other undisclosed current assets48,69550,64655,60757,55360,72064,176
Total current assets:85,26792,17088,931103,307103,140105,194
Noncurrent Assets
Operating lease, right-of-use asset3,7301,9292,0162,1032,1892,274
Property, plant and equipment267361444532590681
Oil and gas, full cost method, property and equipment, after accumulated depletion1,024,8221,112,6581,144,7161,177,6441,221,6561,275,449
Derivative instruments and hedges 5661,7644126742,888135
Other undisclosed noncurrent assets5,2625,7906,2826,8127,3256,052
Total noncurrent assets:1,034,6481,122,5011,153,8701,187,7641,234,6491,284,591
TOTAL ASSETS:1,119,9151,214,6711,242,8011,291,0711,337,7891,389,785
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities12,49117,74015,47912,18012,76813,727
Accounts payable6,5056,8656,5026,8546,5953,186
Accrued liabilities5,98610,8758,9775,3266,17310,541
Derivative instruments and hedges, liabilities255 179 2091,418
Total current liabilities:12,74617,74015,65812,18012,97715,145
Noncurrent Liabilities
Long-term debt and lease obligation239,160252,160265,760285,360294,200310,400
Long-term debt, excluding current maturities239,160252,160265,760285,360294,200310,400
Liabilities, other than long-term debt4,5151,7112,9363,4012,1463,734
Other liabilities73104135167198229
Operating lease, liability3,5621,6051,7021,7961,8881,978
Derivative instruments and hedges, liabilities88021,0991,438601,527
Total noncurrent liabilities:243,674253,871268,696288,761296,346314,134
Total liabilities:256,420271,611284,353300,940309,322329,280
Temporary equity, including noncontrolling interest316,002315,608315,213314,818314,424314,029
Equity
Other undisclosed equity547,492627,452643,235675,312714,043746,476
Total equity:547,492627,452643,235675,312714,043746,476
TOTAL LIABILITIES AND EQUITY:1,119,9151,214,6711,242,8011,291,0711,337,7891,389,785

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

3/31/2025
Q1
12/31/2024
Q4
9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
Revenues66,71583,78576,57382,23499,19667,204
Cost of revenue(39,853)(40,109)(42,428)(49,262)(45,240)(31,556)
Gross profit:26,86343,67634,14532,97253,95535,649
Operating expenses(65,526)(9,472)(10,252)(15,411)(27,336)(10,359)
Operating income (loss):(38,663)34,20423,89217,56126,61925,290
Nonoperating expense
(Other Nonoperating expense)
      
Interest and debt expense(5,956)(6,492)(6,947)(7,301)(7,465)(6,681)
Income (loss) from continuing operations before income taxes:(44,619)27,71216,94610,26019,15418,609
Income tax expense (benefit)5,360(1,907)(1,759)(923)(1,326)(128)
Net income (loss):(39,259)25,80515,1879,33717,82818,481
Net income (loss) attributable to noncontrolling interest6,777(3,119)(1,512)(891)(2,765)(3,839)
Net income (loss) attributable to parent:(32,483)22,68613,6748,44615,06314,642
Preferred stock dividends and other adjustments(5,296)(5,296)(5,243)(5,256)(5,270)(1,041)
Net income (loss) available to common stockholders, diluted:(37,779)17,3908,4313,1909,79413,601

Comprehensive Income ($ in thousands)

3/31/2025
Q1
12/31/2024
Q4
9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
Net income (loss):(39,259)25,80515,1879,33717,82818,481
Comprehensive income (loss):(39,259)25,80515,1879,33717,82818,481
Comprehensive income (loss), net of tax, attributable to noncontrolling interest6,777(3,119)(1,512)(891)(2,765)(3,839)
Comprehensive income (loss), net of tax, attributable to parent:(32,483)22,68613,6748,44615,06314,642

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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