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 investments7,0529,80514,20415,7745,625
Cash and cash equivalents7,0529,80514,20415,7745,625
Receivables   813
Deferred costs900    
Derivative instruments and hedges, assets166 6882,981 
Other undisclosed current assets37,29918,52719,24818,8527,017
Total current assets:45,41728,33234,14037,61512,655
Noncurrent Assets
Operating lease, right-of-use asset2,8453,1233,400
Property, plant and equipment1,8881,9651,327430165
Oil and gas property, full cost method540,792520,993704,442710,815282,216
Long-term investments and receivables4,7395,1352,952  
Long-term investments4,7395,1352,952  
Derivative instruments and hedges1,591 1171,247 
Other undisclosed noncurrent assets4,2145,0862,2173,179255
Total noncurrent assets:556,069536,303714,454715,671282,636
TOTAL ASSETS:601,487564,634748,594753,285295,291
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,1315,6545,4393,8002,063
Accounts payable8118891,2081,331316
Accrued liabilities3,3194,7654,2322,4691,747
Derivative instruments and hedges, liabilities24,1913,113  184
Total current liabilities:28,3218,7675,4393,8002,247
Noncurrent Liabilities
Long-term debt and lease obligation219,677174,399103,26087,31030,844
Long-term debt, excluding current maturities217,116171,550100,13587,31030,844
Operating lease, liability2,5612,8483,124
Liabilities, other than long-term debt4,6393,168  135
Other liabilities448    
Derivative instruments and hedges, liabilities4,1913,168  135
Total noncurrent liabilities:224,316177,566103,26087,31030,978
Total liabilities:252,637186,333108,69991,11033,226
Temporary equity, carrying amount 42,66674,91069,449 
Stockholders' equity
Other undisclosed stockholders' equity348,850335,635564,985592,727 
Total stockholders' equity:348,850335,635564,985592,727 
TOTAL LIABILITIES AND EQUITY:601,487564,634748,594753,28533,226

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues135,61590,482108,22570,25830,346
Revenue, net30,665
Cost of revenue(59,327)(63,754)(67,984)(34,265)(19,647)
Gross profit:76,28826,72840,24235,99310,699
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 investments1,12076480  
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)96,64289,1481,856 
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)96,64289,1481,856 
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.

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