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)Annual | Quarterly
9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | |||
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ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 20,779 | 19,077 | 24,636 | 16,555 | 13,318 | 10,588 | |||
Cash and cash equivalents | 20,779 | 19,077 | 24,636 | 16,555 | 13,318 | 10,588 | |||
Derivative instruments and hedges, assets | 1,795 | 2,041 | 2,102 | ||||||
Other undisclosed current assets | 48,142 | 38,985 | 50,557 | 48,983 | 55,741 | 43,877 | |||
Total current assets: | 70,716 | 58,062 | 75,192 | 65,538 | 71,099 | 56,567 | |||
Noncurrent Assets | |||||||||
Operating lease, right-of-use asset | 2,358 | 2,442 | 2,525 | 2,607 | 2,688 | 2,767 | |||
Property, plant and equipment | 772 | 866 | 954 | 1,036 | 1,234 | 1,530 | |||
Oil and gas property, full cost method | 852,454 | 736,083 | 753,269 | 508,753 | 519,871 | 530,814 | |||
Long-term investments and receivables | 1,161 | 1,138 | 4,560 | ||||||
Long-term investments | 1,161 | 1,138 | 4,560 | ||||||
Derivative instruments and hedges | 1,580 | 2,456 | 755 | 1,300 | 3,457 | ||||
Other undisclosed noncurrent assets | 6,308 | 245,729 | 244,051 | 242,416 | 242,096 | 244,388 | |||
Total noncurrent assets: | 863,472 | 987,576 | 1,001,554 | 755,974 | 768,326 | 787,517 | |||
TOTAL ASSETS: | 934,188 | 1,045,638 | 1,076,746 | 821,512 | 839,425 | 844,084 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities | 9,711 | 6,085 | 6,120 | 7,293 | 6,732 | 5,676 | |||
Accounts payable | 1,370 | 920 | 1,210 | 874 | 1,553 | 1,894 | |||
Accrued liabilities | 8,341 | 5,165 | 4,910 | 6,419 | 5,179 | 3,783 | |||
Derivative instruments and hedges, liabilities | 429 | 2,056 | 12,647 | 23,478 | 36,191 | 43,317 | |||
Total current liabilities: | 10,139 | 8,141 | 18,767 | 30,771 | 42,923 | 48,993 | |||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation | 269,600 | 223,916 | 233,016 | 206,236 | 218,517 | 228,998 | |||
Long-term debt, excluding current maturities | 269,600 | 223,916 | 233,016 | 203,916 | 216,116 | 226,516 | |||
Liabilities, other than long-term debt | 2,497 | 2,667 | 2,991 | 2,230 | 6,277 | 7,965 | |||
Other liabilities | 260 | 292 | 323 | 354 | 385 | 417 | |||
Operating lease, liability | 2,066 | 2,151 | 2,236 | 2,320 | 2,402 | 2,482 | |||
Derivative instruments and hedges, liabilities | 171 | 224 | 432 | 1,876 | 5,891 | 7,549 | |||
Other undisclosed noncurrent liabilities | 8,915 | 8,563 | 8,531 | 8,486 | 8,577 | ||||
Total noncurrent liabilities: | 272,097 | 235,498 | 244,570 | 216,996 | 233,280 | 245,540 | |||
Total liabilities: | 282,236 | 243,639 | 263,337 | 247,767 | 276,203 | 294,533 | |||
Temporary equity, carrying amount | 236,900 | 236,900 | 236,900 | 236,900 | 236,900 | ||||
Equity | |||||||||
Other undisclosed equity | 651,952 | 565,099 | 576,510 | 336,844 | 326,322 | 312,651 | |||
Total equity: | 651,952 | 565,099 | 576,510 | 336,844 | 326,322 | 312,651 | |||
TOTAL LIABILITIES AND EQUITY: | 934,188 | 1,045,638 | 1,076,746 | 821,512 | 839,425 | 844,084 |
Income Statement (P&L) ($ in thousands)Annual | Quarterly
9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | ||
---|---|---|---|---|---|---|---|---|
Revenues | 60,752 | 66,916 | 68,671 | 72,923 | 72,711 | 33,755 | ||
Cost of revenue | (28,189) | (25,311) | (22,614) | (19,441) | (20,930) | (19,028) | ||
Gross profit: | 32,564 | 41,605 | 46,057 | 53,482 | 51,780 | 14,727 | ||
Operating expenses | (7,925) | (8,278) | (7,190) | (7,483) | (7,866) | (6,589) | ||
Operating income: | 24,638 | 33,327 | 38,867 | 45,999 | 43,914 | 8,138 | ||
Nonoperating income (expense) (Other Nonoperating Income (Expense)) | (181) | 77 | 898 | 3,068 | ||||
Interest and debt expense | (6,821) | (5,463) | (3,950) | (3,668) | (3,323) | (2,878) | ||
Income from continuing operations before equity method investments, income taxes: | 17,636 | 27,864 | 34,917 | 42,408 | 41,489 | 8,328 | ||
Income (loss) from equity method investments | (990) | 24 | 3,385 | 249 | ||||
Other undisclosed income from continuing operations before income taxes | 1,070 | 2,439 | 2,208 | 1,188 | 223 | 101 | ||
Income from continuing operations before income taxes: | 18,706 | 30,303 | 36,136 | 43,620 | 45,098 | 8,679 | ||
Income tax expense (benefit) | (909) | (1,403) | (888) | 225 | (1,803) | (272) | ||
Income from continuing operations: | 17,797 | 28,900 | 35,248 | 43,845 | 43,294 | 8,407 | ||
Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 43,845 | 43,294 | 8,407 | |
Net income: | 17,797 | 28,900 | 35,248 | 43,845 | 43,294 | 8,407 | ||
Net loss attributable to noncontrolling interest | (4,297) | (5,563) | (6,847) | (5,493) | (5,424) | (1,059) | ||
Net income attributable to parent: | 13,500 | 23,336 | 28,401 | 38,352 | 37,870 | 7,349 | ||
Preferred stock dividends and other adjustments | ||||||||
Net income available to common stockholders, diluted: | 13,500 | 23,336 | 28,401 | 38,352 | 37,870 | 7,349 |
Comprehensive Income ($ in thousands)Annual | Quarterly
9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | ||
---|---|---|---|---|---|---|---|---|
Net income: | 17,797 | 28,900 | 35,248 | 43,845 | 43,294 | 8,407 | ||
Comprehensive income: | 17,797 | 28,900 | 35,248 | 43,845 | 43,294 | 8,407 | ||
Comprehensive loss, net of tax, attributable to noncontrolling interest | (4,297) | (5,563) | (6,847) | (5,493) | (5,424) | (1,059) | ||
Comprehensive income, net of tax, attributable to parent: | 13,500 | 23,336 | 28,401 | 38,352 | 37,870 | 7,349 |
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.