Kimbell Royalty Partners (KRP) financial statements (2021 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 millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1014166
Cash and cash equivalents1014166
Receivables  00
Derivative instruments and hedges, assets 13 
Other undisclosed current assets1919197
Total current assets:28343813
Noncurrent Assets
Operating lease, right-of-use asset33
Property, plant and equipment2100
Oil and gas property, full cost method521704711282
Long-term investments and receivables53  
Long-term investments53  
Derivative instruments and hedges 01 
Other undisclosed noncurrent assets5230
Total noncurrent assets:536714716283
TOTAL ASSETS:565749753295
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6542
Accounts payable1110
Accrued liabilities5422
Derivative instruments and hedges, liabilities3  0
Total current liabilities:9542
Noncurrent Liabilities
Long-term debt and lease obligation1741038731
Long-term debt, excluding current maturities1721008731
Operating lease, liability33
Liabilities, other than long-term debt3  0
Derivative instruments and hedges, liabilities3  0
Total noncurrent liabilities:1781038731
Total liabilities:1861099133
Temporary equity, carrying amount437569 
Stockholders' equity
Other undisclosed stockholders' equity336565593 
Total stockholders' equity:336565593 
TOTAL LIABILITIES AND EQUITY:56574975333

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues901087030
Revenue, net31
Cost of revenue(64)(68)(34)(20)
Gross profit:27403611
Operating expenses(277)(192)(84)(8)
Operating income (loss):(251)(152)(48)3
Nonoperating expense
(Other Nonoperating expense)
(0)   
Interest and debt expense(7)(6)(4)(1)
Income (loss) from continuing operations before equity method investments, income taxes:(258)(157)(52)2
Income from equity method investments10  
Income (loss) from continuing operations before income taxes:(257)(157)(52)2
Income tax expense (benefit)1(1)(0) 
Net income (loss):(256)(158)(52)2
Net income attributable to noncontrolling interest97892 
Net income (loss) attributable to parent:(159)(69)(50)2
Preferred stock dividends and other adjustments(8)(14)(6) 
Net income (loss) available to common stockholders, diluted:(167)(83)(57)2

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(256)(158)(52)2
Comprehensive income (loss):(256)(158)(52)2
Comprehensive income, net of tax, attributable to noncontrolling interest97892 
Comprehensive income (loss), net of tax, attributable to parent:(159)(69)(50)2

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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