Kimbell Royalty Partners (KRP) financial statements (2022 and earlier)
Company profile
| Business Address |
777 TAYLOR ST., SUITE 810 FORT WORTH, TX 76102 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| SIC | 1311 - Crude Petroleum and Natural Gas (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in thousands)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Current Assets | |||||||
| Cash, cash equivalents, and short-term investments | 7,052 | 9,805 | 14,204 | 15,774 | 5,625 | ||
| Cash and cash equivalents | 7,052 | 9,805 | 14,204 | 15,774 | 5,625 | ||
| Receivables | 8 | 13 | |||||
| Deferred costs | 900 | ||||||
| Derivative instruments and hedges, assets | 166 | 688 | 2,981 | ||||
| Other undisclosed current assets | 37,299 | 18,527 | 19,248 | 18,852 | 7,017 | ||
| Total current assets: | 45,417 | 28,332 | 34,140 | 37,615 | 12,655 | ||
| Noncurrent Assets | |||||||
| Operating lease, right-of-use asset | 2,845 | 3,123 | 3,400 | ✕ | ✕ | ||
| Property, plant and equipment | 1,888 | 1,965 | 1,327 | 430 | 165 | ||
| Oil and gas property, full cost method | 540,792 | 520,993 | 704,442 | 710,815 | 282,216 | ||
| Long-term investments and receivables | 4,739 | 5,135 | 2,952 | ||||
| Long-term investments | 4,739 | 5,135 | 2,952 | ||||
| Derivative instruments and hedges | 1,591 | 117 | 1,247 | ||||
| Other undisclosed noncurrent assets | 4,214 | 5,086 | 2,217 | 3,179 | 255 | ||
| Total noncurrent assets: | 556,069 | 536,303 | 714,454 | 715,671 | 282,636 | ||
| TOTAL ASSETS: | 601,487 | 564,634 | 748,594 | 753,285 | 295,291 | ||
| LIABILITIES AND EQUITY | |||||||
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts payable and accrued liabilities | 4,131 | 5,654 | 5,439 | 3,800 | 2,063 | ||
| Accounts payable | 811 | 889 | 1,208 | 1,331 | 316 | ||
| Accrued liabilities | 3,319 | 4,765 | 4,232 | 2,469 | 1,747 | ||
| Derivative instruments and hedges, liabilities | 24,191 | 3,113 | 184 | ||||
| Total current liabilities: | 28,321 | 8,767 | 5,439 | 3,800 | 2,247 | ||
| Noncurrent Liabilities | |||||||
| Long-term debt and lease obligation | 219,677 | 174,399 | 103,260 | 87,310 | 30,844 | ||
| Long-term debt, excluding current maturities | 217,116 | 171,550 | 100,135 | 87,310 | 30,844 | ||
| Operating lease, liability | 2,561 | 2,848 | 3,124 | ✕ | ✕ | ||
| Liabilities, other than long-term debt | 4,639 | 3,168 | 135 | ||||
| Other liabilities | 448 | ||||||
| Derivative instruments and hedges, liabilities | 4,191 | 3,168 | 135 | ||||
| Total noncurrent liabilities: | 224,316 | 177,566 | 103,260 | 87,310 | 30,978 | ||
| Total liabilities: | 252,637 | 186,333 | 108,699 | 91,110 | 33,226 | ||
| Temporary equity, carrying amount | 42,666 | 74,910 | 69,449 | ||||
| Stockholders' equity | |||||||
| Other undisclosed stockholders' equity | 348,850 | 335,635 | 564,985 | 592,727 | |||
| Total stockholders' equity: | 348,850 | 335,635 | 564,985 | 592,727 | |||
| TOTAL LIABILITIES AND EQUITY: | 601,487 | 564,634 | 748,594 | 753,285 | 33,226 | ||
Income statement (P&L) ($ in thousands)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|
| Revenues | 135,615 | 90,482 | 108,225 | 70,258 | 30,346 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 30,665 | |
| Cost of revenue | (59,327) | (63,754) | (67,984) | (34,265) | (19,647) | |
| Gross profit: | 76,288 | 26,728 | 40,242 | 35,993 | 10,699 | |
| Operating expenses | (26,978) | (277,461) | (191,817) | (84,159) | (8,192) | |
| Operating income (loss): | 49,311 | (250,734) | (151,575) | (48,166) | 2,507 | |
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | 1,264 | (100) | ||||
| Interest and debt expense | (9,182) | (6,906) | (5,814) | (4,092) | (791) | |
| Income (loss) from continuing operations before equity method investments, income taxes: | 41,392 | (257,740) | (157,389) | (52,258) | 1,716 | |
| Income from equity method investments | 1,120 | 764 | 80 | |||
| Income (loss) from continuing operations before income taxes: | 42,512 | (256,976) | (157,309) | (52,258) | 1,716 | |
| Income tax expense (benefit) | (74) | 885 | (899) | (25) | ||
| Net income (loss): | 42,438 | (256,091) | (158,208) | (52,282) | 1,716 | |
| Net income (loss) attributable to noncontrolling interest | (8,496) | 96,642 | 89,148 | 1,856 | ||
| Net income (loss) attributable to parent: | 33,942 | (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: | 22,692 | (167,259) | (82,938) | (56,737) | 1,716 | |
Comprehensive Income ($ in thousands)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|
| Net income (loss): | 42,438 | (256,091) | (158,208) | (52,282) | 1,716 | |
| Comprehensive income (loss): | 42,438 | (256,091) | (158,208) | (52,282) | 1,716 | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (8,496) | 96,642 | 89,148 | 1,856 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 33,942 | (159,448) | (69,060) | (50,427) | 1,716 | |
Statements sources
The financial statements are based on the company's filings with the 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.