Kimbell Royalty Partners, LP Key Executives
This section highlights Kimbell Royalty Partners, LP's key executives, including their titles and compensation details.
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Kimbell Royalty Partners, LP Earnings
This section highlights Kimbell Royalty Partners, LP's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|---|---|---|---|---|
| Read Transcript | Q4 | 2024 | 2025-02-27 | $0.19 | $-0.10 |
| Read Transcript | Q3 | 2024 | 2024-11-07 | $0.21 | $0.22 |
| Read Transcript | Q2 | 2024 | 2024-08-01 | $0.19 | $0.11 |
| Read Transcript | Q1 | 2024 | 2024-05-02 | $0.20 | $0.04 |
| Read Transcript | Q4 | 2023 | 2024-02-21 | $0.32 | $0.14 |
| Read Transcript | Q3 | 2023 | 2023-11-02 | $0.31 | $0.19 |
| Read Transcript | Q2 | 2023 | 2023-08-02 | $0.15 | $0.23 |
| Read Transcript | Q1 | 2023 | 2023-05-03 | $0.18 | $0.36 |
Kimbell Royalty Partners, LP, together with its subsidiaries, acquires and owns mineral and royalty interests in oil and natural gas properties in the United States. As of December 31, 2021, it owned mineral and royalty interests in approximately 11.4 million gross acres and overriding royalty interests in approximately 4.7 million gross acres. The company's mineral and royalty interests are located in 28 states and include ownership in approximately 122,000 gross wells, including approximately 46,000 wells in the Permian Basin. It serves as the general partner of the company. The company was founded in 2013 and is based in Fort Worth, Texas.
$13.95
Stock Price
$2.76B
Market Cap
28
Employees
Fort Worth, TX
Location
Financial Statements
Access annual & quarterly financial statements for Kimbell Royalty Partners, LP, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Revenue | $309.31B | $273.18M | $285.04M | $178.41M | $92.93M |
| Cost of Revenue | $20.41B | $116.80M | $66.33M | $47.28M | $54.38M |
| Gross Profit | $288.90B | $156.38M | $218.71M | $131.13M | $38.55M |
| Gross Profit Ratio | 93.40% | 57.20% | 76.73% | 73.50% | 41.49% |
| Research and Development Expenses | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $38.54B | $36.61M | $31.43M | $26.98M | $25.90M |
| Selling and Marketing Expenses | $16.12B | $12.56M | $13.38M | $12.05M | $9.38M |
| Selling General and Administrative Expenses | $54.67B | $49.17M | $44.82M | $39.03M | $35.28M |
| Other Expenses | $197.24B | $-2.67M | $4.04M | $1.26M | $-100.00K |
| Operating Expenses | $251.91B | $49.17M | $44.82M | $39.03M | $35.28M |
| Cost and Expenses | $272.31B | $163.30M | $111.14M | $86.31M | $89.66M |
| Interest Income | $- | $3.51M | $3.72M | $9.18M | $6.43M |
| Interest Expense | $26.70M | $25.95M | $13.82M | $9.18M | $6.43M |
| Depreciation and Amortization | $135.47M | $96.81M | $50.41M | $37.10M | $48.26M |
| EBITDA | $36.99B | $209.54M | $197.76M | $88.79M | $-202.28M |
| EBITDA Ratio | 11.96% | 76.70% | 64.67% | 52.96% | 4.24% |
| Operating Income | $36.99B | $109.87M | $136.92M | $49.31M | $-44.32M |
| Operating Income Ratio | 11.96% | 40.22% | 48.03% | 27.64% | -47.70% |
| Total Other Income Expenses Net | $-36.98B | $-23.10M | $-3.38M | $-6.80M | $-6.24M |
| Income Before Tax | $10.30M | $86.77M | $133.53M | $42.51M | $-256.98M |
| Income Before Tax Ratio | 0.00% | 31.76% | 46.85% | 23.83% | -276.52% |
| Income Tax Expense | $-771.33K | $3.77M | $2.74M | $74.00K | $-885.00K |
| Net Income | $12.25M | $66.45M | $111.93M | $33.86M | $-256.09M |
| Net Income Ratio | 0.00% | 24.33% | 39.27% | 18.98% | -275.57% |
| EPS | $-115.93 | $1.27 | $1.75 | $0.84 | $-7.42 |
| EPS Diluted | $-76.16 | $0.91 | $1.72 | $0.56 | $-7.42 |
| Weighted Average Shares Outstanding | 76.24M | 66.60M | 54.11M | 40.40M | 34.53M |
| Weighted Average Shares Outstanding Diluted | 116.05M | 93.06M | 65.84M | 60.96M | 34.53M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $66.72M | $83.79M | $77.62M | $87.94M | $84.52M | $71.78M | $59.02M | $57.85M | $65.45M | $74.04M | $79.80M | $65.74M | $52.55M | $49.36M | $39.94M | $36.55M | $25.93M | $24.34M | $16.84M | $25.81M |
| Cost of Revenue | $3.95M | $4.35M | $38.60M | $44.70M | $41.85M | $28.05M | $25.06M | $21.84M | $19.42M | $15.85M | $16.28M | $14.78M | $14.10M | $11.93M | $10.90M | $10.34M | $13.46M | $12.55M | $13.48M | $14.89M |
| Gross Profit | $62.76M | $79.44M | $39.02M | $43.24M | $42.67M | $43.73M | $33.96M | $36.01M | $46.03M | $58.19M | $63.53M | $50.96M | $38.45M | $37.43M | $29.04M | $26.21M | $12.47M | $11.80M | $3.36M | $10.92M |
| Gross Profit Ratio | 94.08% | 94.80% | 50.30% | 49.20% | 50.50% | 60.90% | 57.50% | 62.20% | 70.30% | 78.60% | 79.60% | 77.50% | 73.20% | 75.80% | 72.70% | 71.70% | 48.10% | 48.46% | 19.97% | 42.31% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $9.37M | $9.47M | $10.25M | $9.45M | $9.12M | $10.36M | $8.14M | $8.99M | $7.64M | $8.01M | $8.46M | $7.33M | $6.73M | $6.77M | $6.68M | $6.80M | $6.40M | $6.11M | $6.87M | $6.52M |
| Selling and Marketing Expenses | $4.12M | $3.61M | $3.83M | $4.56M | $3.39M | $3.51M | $2.91M | $2.76M | $2.74M | $3.07M | $4.06M | $3.51M | $3.21M | $3.00M | $2.55M | $3.30M | $2.68M | $2.51M | $2.05M | $2.13M |
| Selling General and Administrative Expenses | $13.49M | $13.08M | $14.08M | $14.01M | $12.50M | $13.87M | $11.05M | $11.75M | $10.38M | $11.08M | $12.52M | $10.84M | $9.94M | $9.76M | $9.24M | $10.09M | $9.09M | $8.62M | $8.91M | $8.66M |
| Other Expenses | $87.93M | $32.16M | $33.02M | $38.17M | $36.20M | $23.06M | $-180.76K | $18.27M | $784 | $76.87K | $898.21K | $3.07M | $1.25M | $-397.61K | $-48.82K | $462.77K | $2.13B | $-100.00K | $12.03M | $-2.13B |
| Operating Expenses | $101.43M | $45.23M | $14.08M | $14.01M | $12.50M | $13.87M | $11.05M | $11.75M | $10.38M | $11.08M | $12.52M | $10.84M | $9.94M | $9.76M | $9.24M | $10.09M | $9.09M | $8.62M | $8.91M | $8.66M |
| Cost and Expenses | $105.38M | $49.58M | $52.68M | $58.71M | $54.36M | $41.91M | $36.11M | $33.59M | $29.80M | $26.92M | $28.80M | $25.62M | $24.04M | $21.70M | $20.14M | $20.43M | $22.55M | $21.17M | $22.40M | $23.55M |
| Interest Income | $- | $- | $- | $- | $- | $6.68M | $1.07M | $2.44M | $2.21M | $1.19M | $223.13K | $102.00K | $- | $- | $- | $- | $- | $- | $- | $- |
| Interest Expense | $5.96M | $6.49M | $6.95M | $7.30M | $7.47M | $6.68M | $6.34M | $5.46M | $3.95M | $3.67M | $3.32M | $2.88M | $2.49M | $2.50M | $2.10M | $2.10M | $1.74M | $1.60M | $1.67M | $1.42M |
| Depreciation and Amortization | $123 | $- | $33.11M | $38.25M | $36.28M | $23.14M | $19.74M | $17.65M | $16.81M | $11.41M | $11.35M | $10.84M | $11.80M | $8.90M | $8.41M | $7.98M | $12.06M | $10.77M | $12.09M | $13.34M |
| EBITDA | $-38.66M | $34.20M | $57.00M | $67.48M | $62.90M | $48.43M | $44.79M | $53.41M | $36.87M | $58.70M | $59.77M | $43.54M | $45.09M | $18.87M | $14.22M | $10.62M | $-80.23M | $-13.99M | $-63.03M | $-45.02M |
| EBITDA Ratio | -57.95% | 40.82% | 74.79% | 76.74% | 78.62% | 41.61% | 73.77% | 46.16% | 56.33% | 80.78% | 83.79% | 66.24% | 57.39% | 73.81% | 71.20% | 67.71% | 14.23% | 58.09% | 38.87% | 61.08% |
| Operating Income | $-38.66M | $34.20M | $24.94M | $29.23M | $26.62M | $25.29M | $24.64M | $33.33M | $20.06M | $46.00M | $43.91M | $32.70M | $31.64M | $10.10M | $5.59M | $1.98M | $-92.12M | $-24.96M | $-75.13M | $-58.53M |
| Operating Income Ratio | -57.95% | 40.82% | 32.13% | 33.24% | 31.49% | 35.23% | 41.74% | 57.61% | 30.65% | 62.13% | 55.03% | 49.75% | 60.21% | 20.46% | 13.99% | 5.43% | -355.23% | -102.54% | -446.02% | -226.72% |
| Total Other Income Expenses Net | $-5.96M | $-6.49M | $-6.95M | $-7.30M | $-7.47M | $-6.68M | $-5.93M | $-3.02M | $485.00K | $-2.38M | $1.18M | $541.39K | $-842.76K | $-2.63M | $-1.88M | $-1.45M | $-1.91M | $-1.41M | $-1.66M | $-1.26M |
| Income Before Tax | $-44.62M | $27.71M | $16.95M | $10.26M | $19.15M | $18.61M | $18.71M | $30.30M | $36.14M | $43.62M | $45.10M | $8.68M | $30.80M | $7.47M | $3.71M | $537.19K | $-94.03M | $-26.37M | $-76.79M | $-59.78M |
| Income Before Tax Ratio | -66.88% | 33.08% | 21.83% | 11.67% | 22.66% | 25.92% | 31.69% | 52.38% | 55.21% | 58.91% | 56.51% | 13.20% | 58.61% | 15.13% | 9.29% | 1.47% | -362.60% | -108.34% | -455.89% | -231.59% |
| Income Tax Expense | $-5.36M | $1.91M | $1.76M | $922.57K | $1.33M | $128.00K | $909.06K | $1.40M | $888.00K | $-224.88K | $1.80M | $272.00K | $74.00K | $3.12M | $2.95M | $2.39M | $-190.00K | $-694.86K | $-28.69M | $-22.00M |
| Net Income | $-32.50M | $22.67M | $13.65M | $8.43M | $13.47M | $14.62M | $15.04M | $23.32M | $28.83M | $38.34M | $36.33M | $7.33M | $28.47M | $6.71M | $3.09M | $894.37K | $-60.65M | $-16.19M | $-46.43M | $-36.20M |
| Net Income Ratio | -48.71% | 27.06% | 17.59% | 9.58% | 15.94% | 20.37% | 25.48% | 40.31% | 44.04% | 51.78% | 45.53% | 11.15% | 54.18% | 13.58% | 7.74% | 2.45% | -233.87% | -66.53% | -275.63% | -140.23% |
| EPS | $-0.33 | $0.33 | $0.11 | $0.04 | $0.19 | $0.20 | $0.24 | $0.37 | $0.48 | $0.59 | $0.55 | $0.16 | $0.46 | $0.16 | $0.08 | $0.02 | $-1.63 | $-0.46 | $-1.34 | $-1.19 |
| EPS Diluted | $-0.22 | $0.22 | $0.07 | $0.04 | $0.12 | $0.19 | $0.23 | $0.36 | $0.41 | $0.58 | $0.55 | $0.16 | $0.44 | $0.11 | $0.08 | $0.02 | $-1.62 | $-0.46 | $-1.34 | $-1.19 |
| Weighted Average Shares Outstanding | 78.98M | 78.98M | 74.83M | 72.11M | 71.90M | 68.54M | 63.27M | 62.54M | 59.48M | 64.99M | 65.54M | 44.97M | 43.37M | 41.11M | 39.31M | 37.69M | 37.32M | 35.42M | 34.55M | 30.47M |
| Weighted Average Shares Outstanding Diluted | 116.18M | 116.41M | 116.59M | 72.11M | 115.41M | 94.97M | 82.96M | 79.76M | 69.91M | 65.54M | 65.54M | 45.94M | 62.71M | 60.51M | 41.12M | 37.69M | 37.48M | 35.42M | 34.65M | 30.53M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $34.17B | $30.99M | $24.64M | $7.05M | $9.80M |
| Short Term Investments | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $34.17B | $30.99M | $24.64M | $7.05M | $9.80M |
| Net Receivables | $48.70M | $60.72M | $50.56M | $38.20M | $18.53M |
| Inventory | $- | $- | $-50.56B | $-38.36B | $-18.53B |
| Other Current Assets | $51.10B | $11.43M | $- | $166.31K | $- |
| Total Current Assets | $85.27B | $103.14M | $75.19M | $45.42M | $28.33M |
| Property Plant Equipment Net | $4.00B | $1.22B | $756.75M | $545.52M | $526.08M |
| Goodwill | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $- | $- | $- |
| Long Term Investments | $- | $- | $240.62B | $4.74M | $5.13M |
| Tax Assets | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $1.03T | $10.21M | $-240.38B | $5.81M | $5.09M |
| Total Non-Current Assets | $1.03T | $1.23B | $1.00B | $556.07M | $536.30M |
| Other Assets | $- | $- | $- | $- | $- |
| Total Assets | $1.12T | $1.34B | $1.08B | $601.49M | $564.63M |
| Account Payables | $6.51M | $6.59M | $1.21M | $811.02K | $888.74K |
| Short Term Debt | $- | $- | $- | $- | $- |
| Tax Payables | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $-487.79K | $-486.05K | $- |
| Other Current Liabilities | $6.24M | $6.38M | $17.56M | $27.51M | $7.88M |
| Total Current Liabilities | $12.75M | $12.98M | $18.77M | $28.32M | $8.77M |
| Long Term Debt | $242.73B | $296.09M | $235.25M | $219.68M | $174.40M |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $948.92M | $258.01K | $9.32M | $4.64M | $3.17M |
| Total Non-Current Liabilities | $243.67B | $296.35M | $244.57M | $224.32M | $177.57M |
| Other Liabilities | $12.73B | $- | $- | $- | $- |
| Total Liabilities | $256.42B | $309.32M | $263.34M | $252.64M | $186.33M |
| Preferred Stock | $- | $314.42M | $- | $- | $42.67M |
| Common Stock | $- | $671.57M | $602.62M | $329.60M | $258.63M |
| Retained Earnings | $- | $- | $- | $- | $- |
| Accumulated Other Comprehensive Income Loss | $- | $- | $- | $- | $- |
| Other Total Stockholders Equity | $464.22B | $670.59B | $602.01B | $329.27B | $258.33B |
| Total Stockholders Equity | $464.22B | $671.57B | $602.62B | $329.60B | $258.63B |
| Total Equity | $547.49B | $671.62B | $602.83B | $329.62B | $258.71B |
| Total Liabilities and Stockholders Equity | $720.64B | $309.32M | $474.13M | $271.89M | $263.34M |
| Minority Interest | $83.27B | $42.47M | $210.79M | $19.25M | $77.00M |
| Total Liabilities and Total Equity | $720.64B | $309.32M | $474.13M | $271.89M | $263.34M |
| Total Investments | $- | $2.89M | $240.62B | $4.74M | $5.13M |
| Total Debt | $242.72B | $296.09M | $235.25M | $219.68M | $174.40M |
| Net Debt | $208.55B | $265.10M | $210.62M | $212.62M | $164.59M |
Balance Sheet Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $34.17M | $34.71M | $30.95M | $39.68M | $30.99M | $39.53M | $20.78M | $19.08M | $24.64M | $16.55M | $14.10M | $10.59M | $7.05M | $12.70M | $12.96M | $8.12M | $9.80M | $12.35M | $11.26M | $14.48M |
| Short Term Investments | $- | $176 | $- | $- | $- | $- | $- | $- | $- | $- | $- | $360 | $-178 | $- | $- | $- | $- | $- | $- | $4.37M |
| Cash and Short Term Investments | $34.17M | $34.71M | $30.95M | $39.68M | $30.99M | $39.53M | $20.78M | $19.08M | $24.64M | $16.55M | $14.10M | $10.59M | $7.05M | $12.70M | $12.96M | $8.12M | $9.80M | $12.35M | $11.26M | $14.48M |
| Net Receivables | $- | $50.65M | $- | $54.70M | $60.72M | $61.32M | $48.14M | $38.98M | $50.56M | $48.98M | $55.74M | $43.88M | $38.20M | $32.18M | $25.27M | $26.33M | $18.53M | $16.99M | $12.15M | $14.84M |
| Inventory | $- | $- | $- | $- | $-60.72M | $-64.18M | $-48.14M | $-38.98M | $-3.56M | $-48.98M | $-237.56M | $-237.49M | $-307 | $-32.18M | $-25.27M | $-26.33M | $-0 | $-16.99M | $- | $4.37M |
| Other Current Assets | $51.10M | $6.82M | $57.99M | $6.07M | $11.43M | $65.67M | $1.79M | $38.98M | $- | $- | $2.04M | $2.10M | $166.31K | $- | $- | $- | $- | $- | $3.23M | $7.34M |
| Total Current Assets | $85.27M | $92.17M | $88.93M | $103.31M | $103.14M | $105.19M | $70.72M | $58.06M | $75.19M | $65.54M | $71.89M | $56.57M | $45.42M | $44.88M | $38.23M | $34.45M | $28.33M | $29.33M | $26.65M | $36.66M |
| Property Plant Equipment Net | $4.00M | $2.29M | $1.15B | $1.18B | $1.22B | $1.28B | $855.58M | $739.39M | $756.75M | $512.40M | $523.79M | $535.11M | $545.52M | $502.54M | $510.92M | $518.98M | $526.08M | $629.94M | $662.88M | $625.14M |
| Goodwill | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Long Term Investments | $- | $- | $412.01K | $673.73K | $2.89M | $134.84K | $1.58M | $243.06M | $754.79K | $1.16M | $1.14M | $4.56M | $4.74M | $4.69M | $4.92M | $5.05M | $5.13M | $4.71M | $4.15M | $4.37M |
| Tax Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $1.03B | $1.12B | $6.28M | $6.81M | $7.33M | $6.05M | $6.31M | $5.13M | $244.05M | $242.42M | $242.61M | $247.84M | $5.81M | $4.94M | $5.27M | $5.50M | $5.09M | $1.47M | $1.68M | $14.08M |
| Total Non-Current Assets | $1.03B | $1.12B | $1.15B | $1.19B | $1.23B | $1.28B | $863.47M | $987.58M | $1.00B | $755.97M | $767.54M | $787.52M | $556.07M | $512.17M | $521.10M | $529.53M | $536.30M | $636.12M | $668.71M | $643.59M |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $1.12B | $1.21B | $1.24B | $1.29B | $1.34B | $1.39B | $934.19M | $1.05B | $1.08B | $821.51M | $839.43M | $844.08M | $601.49M | $557.05M | $559.33M | $563.98M | $564.63M | $665.45M | $695.36M | $680.26M |
| Account Payables | $6.50M | $6.87M | $6.50M | $6.85M | $6.59M | $3.19M | $1.37M | $919.82K | $1.21M | $874.18K | $1.55M | $1.89M | $811.02K | $1.03M | $1.03M | $1.04M | $888.74K | $995.57K | $1.19M | $757.16K |
| Short Term Debt | $- | $- | $364.17K | $- | $348.71K | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $- | $- | $-488.73K | $-511.92K | $-511.92K | $-511.92K | $-487.79K | $-121.82K | $-243.23K | $-364.64K | $-486.05K | $-121.41K | $-242.82K | $-363.63K | $- | $- | $- | $- |
| Other Current Liabilities | $6.24M | $10.88M | $8.79M | $5.33M | $6.03M | $11.96M | $8.77M | $7.22M | $17.56M | $29.90M | $41.37M | $47.10M | $27.51M | $40.05M | $27.72M | $14.78M | $7.88M | $6.84M | $4.69M | $3.42M |
| Total Current Liabilities | $12.75M | $17.74M | $15.66M | $12.18M | $12.98M | $15.14M | $10.14M | $8.14M | $18.77M | $30.77M | $42.92M | $48.99M | $28.32M | $41.08M | $28.75M | $15.83M | $8.77M | $7.83M | $5.88M | $4.18M |
| Long Term Debt | $242.72M | $253.76M | $267.46M | $287.16M | $296.09M | $312.38M | $271.67M | $226.07M | $235.25M | $206.24M | $218.52M | $229.00M | $219.68M | $195.35M | $165.65M | $171.33M | $174.40M | $172.62M | $174.71M | $104.28M |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $952.00K | $106.46K | $1.23M | $1.61M | $258.01K | $1.76M | $430.95K | $9.43M | $9.32M | $10.76M | $14.76M | $16.54M | $4.64M | $8.66M | $7.90M | $8.54M | $3.17M | $2.70M | $350.36K | $- |
| Total Non-Current Liabilities | $243.67M | $253.87M | $268.70M | $288.76M | $296.35M | $314.13M | $272.10M | $235.50M | $244.57M | $217.00M | $233.28M | $245.54M | $224.32M | $204.01M | $173.55M | $179.87M | $177.57M | $175.32M | $175.06M | $104.28M |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $256.42M | $271.61M | $284.35M | $300.94M | $309.32M | $329.28M | $282.24M | $243.64M | $263.34M | $247.77M | $276.20M | $294.53M | $252.64M | $245.09M | $202.30M | $195.70M | $186.33M | $183.15M | $180.95M | $108.46M |
| Preferred Stock | $- | $- | $315.21M | $314.82M | $314.42M | $314.03M | $- | $- | $- | $- | $- | $- | $- | $20.41M | $43.90M | $43.28M | $42.67M | $42.05M | $41.44M | $40.82M |
| Common Stock | $- | $- | $722.88M | $641.41M | $671.57M | $696.14M | $597.22M | $593.08M | $602.62M | $485.47M | $475.68M | $462.63M | $329.60M | $271.41M | $285.91M | $252.30M | $258.63M | $326.09M | $329.84M | $368.30M |
| Retained Earnings | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $68.68M | $- | $105.66M | $25.92M | $-329.81M | $-295.58M | $- | $- | $-371.27M | $-40.82M |
| Accumulated Other Comprehensive Income Loss | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-291.82M | $-643.78M | $-635.79M | $- | $- | $-490.53M | $-413.04M |
| Other Total Stockholders Equity | $464.22M | $532.02M | $-1 | $- | $-314.42M | $-314.03M | $49 | $- | $210.79M | $- | $- | $- | $580 | $-20.41M | $-43.90M | $-43.28M | $77.00M | $-42.05M | $-41.44M | $-40.82M |
| Total Stockholders Equity | $464.22M | $532.02M | $1.04B | $956.23M | $671.57M | $696.14M | $597.22M | $593.08M | $813.41M | $485.47M | $475.68M | $462.63M | $329.60M | $271.41M | $285.91M | $252.30M | $378.30M | $326.09M | $329.84M | $368.30M |
| Total Equity | $547.49M | $627.45M | $958.45M | $990.13M | $714.04M | $746.48M | $651.95M | $802.00M | $1.02B | $573.74M | $563.22M | $549.55M | $348.85M | $291.56M | $313.13M | $325.00M | $455.30M | $440.25M | $472.98M | $530.98M |
| Total Liabilities and Stockholders Equity | $256.42M | $803.63M | $1.24B | $1.29B | $309.32M | $329.28M | $336.97M | $452.56M | $1.08B | $821.51M | $839.43M | $381.45M | $601.49M | $265.23M | $229.53M | $268.40M | $263.34M | $297.31M | $324.09M | $271.14M |
| Minority Interest | $83.27M | $95.43M | $-79.64M | $33.90M | $42.47M | $50.34M | $54.73M | $208.92M | $210.79M | $88.27M | $87.54M | $86.92M | $19.25M | $20.15M | $27.22M | $72.70M | $77.00M | $114.16M | $143.14M | $162.68M |
| Total Liabilities and Total Equity | $256.42M | $803.63M | $1.24B | $1.29B | $309.32M | $329.28M | $336.97M | $452.56M | $1.08B | $821.51M | $839.43M | $381.45M | $601.49M | $265.23M | $229.53M | $268.40M | $263.34M | $297.31M | $324.09M | $271.14M |
| Total Investments | $-424 | $176 | $412.01K | $673.73K | $2.89M | $134.84K | $1.58M | $243.06M | $754.79K | $1.16M | $1.14M | $4.56M | $4.74M | $4.69M | $4.92M | $5.05M | $5.13M | $4.71M | $4.15M | $8.75M |
| Total Debt | $242.72M | $253.76M | $267.71M | $287.16M | $296.09M | $312.38M | $271.67M | $226.07M | $235.25M | $206.24M | $218.52M | $229.00M | $219.68M | $195.35M | $165.65M | $171.33M | $174.40M | $172.62M | $174.71M | $104.28M |
| Net Debt | $208.55M | $219.06M | $236.76M | $247.48M | $265.10M | $272.85M | $250.89M | $206.99M | $210.62M | $189.68M | $204.41M | $218.41M | $212.62M | $182.65M | $152.69M | $163.21M | $164.59M | $160.27M | $163.45M | $89.80M |
Annual Cash Flow
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Net Income | $11.07M | $68.02M | $130.79M | $42.44M | $-256.09M |
| Depreciation and Amortization | $135.47M | $96.81M | $50.41M | $37.10M | $48.26M |
| Deferred Income Tax | $- | $- | $- | $20.24M | $259.17M |
| Stock Based Compensation | $16.38M | $13.11M | $11.11M | $10.63M | $9.26M |
| Change in Working Capital | $11.53M | $-8.74M | $-14.33M | $-20.52M | $659.53K |
| Accounts Receivables | $12.02M | $1.86B | $-12.36M | $-19.67M | $720.92K |
| Inventory | $- | $- | $- | $- | $533.58K |
| Accounts Payables | $- | $509.40K | $399.32K | $-77.72K | $-319.00K |
| Other Working Capital | $-492.47K | $-1.87B | $-2.37M | $-770.64K | $-275.96K |
| Other Non Cash Items | $76.46M | $5.06M | $-11.35M | $1.56M | $980.75K |
| Net Cash Provided by Operating Activities | $250.92M | $174.27M | $166.64M | $91.44M | $62.25M |
| Investments in Property Plant and Equipment | $- | $-490.81M | $-141.46M | $-56.07M | $-88.60M |
| Acquisitions Net | $- | $244.10M | $-141.30M | $-55.30M | $-2.23M |
| Purchases of Investments | $- | $- | $-236.90M | $- | $-2.23M |
| Sales Maturities of Investments | $- | $- | $- | $- | $4.46M |
| Other Investing Activities | $-209.89M | $31.55K | $3.64M | $500.39K | $-2.23M |
| Net Cash Used for Investing Activities | $-209.89M | $-246.68M | $-374.72M | $-55.57M | $-90.83M |
| Debt Repayment | $-55.04M | $61.18M | $15.90M | $45.57M | $71.41M |
| Common Stock Issued | $- | $110.98M | $116.48M | $57.52M | $73.60M |
| Common Stock Repurchased | $-316.16K | $-4.85M | $-3.81M | $-2.22M | $-363.75K |
| Dividends Paid | $-187.20M | $-152.97M | $-126.77M | $-71.72M | $-54.93M |
| Other Financing Activities | $-247.29B | $59.19M | $224.26M | $-69.83M | $-65.54M |
| Net Cash Used Provided by Financing Activities | $-247.53B | $78.38M | $226.06M | $-38.62M | $24.18M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- |
| Net Change in Cash | $3.18M | $5.97M | $17.97M | $-2.75M | $-4.40M |
| Cash at End of Period | $34.17M | $30.99M | $25.03M | $7.05M | $9.80M |
| Cash at Beginning of Period | $- | $25.03M | $7.05M | $9.80M | $14.20M |
| Operating Cash Flow | $250.92M | $174.27M | $166.64M | $91.44M | $62.25M |
| Capital Expenditure | $-209.89K | $-490.81M | $-141.46M | $-56.07M | $-88.60M |
| Free Cash Flow | $250.71M | $-316.54M | $25.18M | $35.37M | $-26.35M |
Cash Flow Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-39.26M | $28.25M | $13.65M | $8.43M | $17.83M | $18.48M | $17.80M | $28.90M | $35.25M | $43.85M | $43.29M | $8.41M | $30.72M | $7.47M | $3.71M | $537.19K | $-93.84M | $-25.68M | $-76.79M | $-59.78M |
| Depreciation and Amortization | $31.87M | $32.24M | $33.11M | $38.25M | $36.28M | $23.14M | $19.74M | $17.65M | $16.81M | $11.41M | $11.35M | $10.84M | $11.80M | $8.90M | $8.41M | $7.98M | $12.06M | $10.77M | $12.09M | $13.34M |
| Deferred Income Tax | $- | $- | $- | $- | $2.85M | $128.36K | $-2.12M | $- | $- | $- | $- | $- | $-14.67M | $-694.86K | $11.04M | $12.71M | $96.43M | $-694.86K | $72.43M | $61.78M |
| Stock Based Compensation | $3.76M | $3.83M | $5.11M | $3.68M | $3.33M | $3.33M | $3.29M | $3.17M | $2.98M | $2.98M | $2.95M | $2.19M | $2.44M | $2.76M | $2.74M | $2.69M | $2.17M | $2.45M | $2.53M | $2.11M |
| Change in Working Capital | $-3.23M | $7.07M | $5.15M | $2.54M | $-1.51M | $-13.07M | $-7.68M | $9.32M | $-4.86M | $6.25M | $-11.05M | $-4.67M | $-8.33M | $-5.57M | $2.19M | $-8.81M | $-2.80M | $-3.95M | $4.32M | $3.08M |
| Accounts Receivables | $1.95M | $4.96M | $1.95M | $3.17M | $3.46M | $-16.03M | $-9.16M | $11.57M | $-1.57M | $6.76M | $-11.86M | $-5.68M | $-6.02M | $-6.91M | $1.06M | $-7.80M | $-1.54M | $-4.83M | $2.69M | $4.40M |
| Inventory | $- | $- | $- | $- | $-4.07M | $977.34K | $3.09M | $- | $- | $- | $- | $- | $- | $- | $- | $-19.79M | $-1.08M | $1.15M | $1.27M | $-809.59K |
| Accounts Payables | $-359.81K | $310.12K | $-352.17K | $312.76K | $-504.86K | $854.71K | $450.08K | $-290.52K | $336.16K | $-678.81K | $-340.68K | $1.08M | $-217.47K | $133 | $-14.06K | $153.68K | $-106.84K | $-194.64K | $433.06K | $-450.58K |
| Other Working Capital | $-4.82M | $1.80M | $3.56M | $-939.38K | $-4.46M | $1.13M | $-2.06M | $-1.96M | $-3.62M | $168.92K | $1.16M | $-69.90K | $-2.09M | $1.34M | $1.15M | $18.62M | $-70.74K | $-69.56K | $-68.40K | $-67.26K |
| Other Non Cash Items | $63.43M | $-8.98M | $75.60M | $92.85M | $528.95K | $4.37M | $492.73K | $-11.98M | $-11.55M | $-12.93M | $-6.12M | $19.26M | $408.70K | $12.25M | $382.00K | $371.49K | $291.08K | $29.48M | $160.07K | $266.32K |
| Net Cash Provided by Operating Activities | $56.57M | $62.42M | $62.88M | $69.05M | $59.31M | $36.39M | $31.52M | $47.05M | $38.63M | $51.55M | $40.42M | $36.03M | $22.36M | $25.12M | $28.48M | $15.48M | $14.32M | $12.38M | $14.76M | $20.79M |
| Investments in Property Plant and Equipment | $-34.08K | $-23.11K | $-39.72K | $-91.37K | $-563.84K | $-446.00M | $-43.93M | $-321.64K | $-140.90M | $-43.22K | $-65.49K | $-453.88K | $-54.82M | $-47.47K | $-342.01K | $-866.69K | $-1.06M | $-75.80K | $-77.54M | $-9.92M |
| Acquisitions Net | $- | $21.61K | $- | $-21.61K | $-529.96K | $-445.96M | $-43.89M | $-281.84K | $-140.85M | $236.90M | $-236.90M | $-410.26K | $-54.78M | $- | $- | $- | $-479.56K | $-477.05K | $- | $-1.27M |
| Purchases of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $473.80M | $- | $-236.90M | $-236.90M | $- | $- | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $236.90M | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $- | $-43.21K | $- | $-21.61K | $-246.78B | $- | $244.13M | $-281.84K | $-473.63M | $-236.90M | $240.32M | $42.54K | $-500.39K | $314.79K | $130.56K | $55.04K | $-457.41K | $211.00K | $228.45K | $17.96K |
| Net Cash Used for Investing Activities | $-34.08K | $-44.72K | $-39.72K | $-91.37K | $-563.84K | $-446.00M | $200.20M | $-321.64K | $-140.73M | $-43.22K | $3.36M | $-237.31M | $-54.82M | $267.32K | $-211.44K | $-811.65K | $-1.99M | $-341.85K | $-77.32M | $-11.18M |
| Debt Repayment | $-13.00M | $-13.60M | $-19.60M | $-8.84M | $-18.00M | $40.80M | $45.68M | $-9.10M | $29.10M | $-12.20M | $-10.40M | $9.40M | $24.41M | $29.78M | $-5.73M | $-3.02M | $1.85M | $-2.02M | $70.50M | $1.09M |
| Common Stock Issued | $- | $- | $- | $- | $268.46K | $110.71M | $268.46K | $- | $116.48M | $- | $- | $- | $57.52M | $36.08M | $- | $- | $- | $- | $- | $73.60M |
| Common Stock Repurchased | $4.91M | $5.23M | $-316.16K | $-4.91M | $243.17M | $-316 | $- | $-4.85M | $- | $- | $-2.10K | $-3.81M | $-920.43K | $-36.08M | $-379.09K | $-923.59K | $6.26K | $-118.07K | $-6.26K | $-245.68K |
| Dividends Paid | $-44.07M | $-98.16M | $-51.66M | $-46.50M | $-49.28M | $-36.95M | $-28.11M | $-38.63M | $-35.67M | $-36.30M | $-30.81M | $-17.47M | $-22.85M | $-19.22M | $-17.33M | $-12.33M | $-8.38M | $-5.74M | $-7.22M | $-13.07M |
| Other Financing Activities | $-4.92M | $53.15M | $- | $-16.50K | $- | $313.80M | $-247.96M | $- | $98.33K | $1 | $-2.00M | $219.65M | $-4.83M | $-36.21M | $- | $-84.49K | $-4.39M | $-60.67K | $-3.93M | $-58.19M |
| Net Cash Used Provided by Financing Activities | $-57.07M | $-58.61M | $-71.58M | $-60.27M | $-67.28M | $428.36M | $-230.12M | $-52.58M | $110.02M | $-48.50M | $-43.22M | $207.77M | $26.81M | $-25.65M | $-23.43M | $-16.35M | $-14.87M | $-10.95M | $59.34M | $-9.33M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $-37.12M | $17.64M | $19.49M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $-537.75K | $3.76M | $-8.73M | $8.69M | $-8.54M | $18.75M | $1.60M | $-5.85M | $7.92M | $3.00M | $562.78K | $6.49M | $-5.65M | $-261.87K | $4.84M | $-1.68M | $-2.54M | $1.09M | $-3.22M | $276.62K |
| Cash at End of Period | $34.17M | $34.71M | $30.95M | $39.68M | $30.99M | $39.53M | $20.78M | $19.18M | $25.03M | $17.11M | $14.10M | $13.54M | $7.05M | $12.70M | $12.96M | $8.12M | $9.80M | $12.35M | $11.26M | $14.48M |
| Cash at Beginning of Period | $34.71M | $30.95M | $39.68M | $30.99M | $39.53M | $20.78M | $19.18M | $25.03M | $17.11M | $14.10M | $13.54M | $7.05M | $12.70M | $12.96M | $8.12M | $9.80M | $12.35M | $11.26M | $14.48M | $14.20M |
| Operating Cash Flow | $56.57M | $62.42M | $62.88M | $69.05M | $59.31M | $36.39M | $31.52M | $47.05M | $38.63M | $51.55M | $40.42M | $36.03M | $22.36M | $25.12M | $28.48M | $15.48M | $14.32M | $12.38M | $14.76M | $20.79M |
| Capital Expenditure | $-34.08K | $-23.11K | $-39.72K | $-91.37K | $-563.84K | $-446.00M | $-43.93M | $-321.64K | $-140.90M | $-43.22K | $-65.49K | $-453.88K | $-54.82M | $-47.47K | $-342.01K | $-866.69K | $-1.06M | $-75.80K | $-77.54M | $-9.92M |
| Free Cash Flow | $56.54M | $62.39M | $62.84M | $68.95M | $58.75M | $-409.61M | $-12.41M | $46.73M | $-102.27M | $51.51M | $40.36M | $35.58M | $-32.46M | $25.08M | $28.14M | $14.61M | $13.26M | $12.30M | $-62.79M | $10.87M |
Kimbell Royalty Partners, LP Dividends
Explore Kimbell Royalty Partners, LP's dividend history, including dividend yield, payout ratio, and historical payments.
Dividend Yield
15.13%
Dividend Payout Ratio
1527.75%
Dividend Paid & Capex Coverage Ratio
1.34x
Kimbell Royalty Partners, LP Dividend History
| Dividend | Adjusted Dividend | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $0.4 | $0.4 | March 18, 2025 | March 18, 2025 | March 25, 2025 | February 27, 2025 |
| $0.41 | $0.41 | November 18, 2024 | November 18, 2024 | November 25, 2024 | November 07, 2024 |
| $0.42 | $0.42 | August 12, 2024 | August 12, 2024 | August 19, 2024 | August 01, 2024 |
| $0.49 | $0.49 | May 10, 2024 | May 13, 2024 | May 20, 2024 | May 02, 2024 |
| $0.43 | $0.43 | March 12, 2024 | March 13, 2024 | March 20, 2024 | February 21, 2024 |
| $0.51 | $0.51 | November 10, 2023 | November 13, 2023 | November 20, 2023 | November 02, 2023 |
| $0.39 | $0.39 | August 11, 2023 | August 14, 2023 | August 21, 2023 | August 02, 2023 |
| $0.35 | $0.35 | May 12, 2023 | May 15, 2023 | May 22, 2023 | May 03, 2023 |
| $0.48 | $0.48 | March 08, 2023 | March 09, 2023 | March 16, 2023 | February 23, 2023 |
| $0.49 | $0.49 | November 10, 2022 | November 14, 2022 | November 21, 2022 | November 03, 2022 |
| $0.55 | $0.55 | August 12, 2022 | August 15, 2022 | August 22, 2022 | August 04, 2022 |
| $0.47 | $0.47 | April 29, 2022 | May 02, 2022 | May 09, 2022 | April 22, 2022 |
| $0.37 | $0.37 | January 28, 2022 | January 31, 2022 | February 07, 2022 | January 21, 2022 |
| $0.37 | $0.37 | October 29, 2021 | November 01, 2021 | November 08, 2021 | October 22, 2021 |
| $0.31 | $0.31 | July 30, 2021 | August 02, 2021 | August 09, 2021 | July 23, 2021 |
| $0.27 | $0.27 | April 30, 2021 | May 03, 2021 | May 10, 2021 | April 23, 2021 |
| $0.19 | $0.19 | January 29, 2021 | February 01, 2021 | February 08, 2021 | January 22, 2021 |
| $0.19 | $0.19 | October 30, 2020 | November 02, 2020 | November 09, 2020 | October 23, 2020 |
| $0.13 | $0.13 | July 31, 2020 | August 03, 2020 | August 10, 2020 | July 24, 2020 |
| $0.17 | $0.17 | May 01, 2020 | May 04, 2020 | May 11, 2020 | April 27, 2020 |
Kimbell Royalty Partners, LP News
Read the latest news about Kimbell Royalty Partners, LP, including recent articles, headlines, and updates.
Buy, Baby, Buy: My 12 Favorite Energy Stocks For What's Next
Energy stocks are proving their strength, outperforming the market despite oil price stagnation. Structural shifts, deglobalization, and inflation favor long-term upside. Shale growth is slowing, and oil companies are prioritizing cash flow over expansion. With rising costs, $70 oil is the new $50, limiting U.S. production at lower prices. Uncertainty in policy and tariffs adds pressure, but I see oil stabilizing near $90 long term. My top energy picks remain strong plays for income and capital appreciation.
Red Alert! No Worries, I Am A Dividend Investor
Market volatility is an opportunity, not a threat – Investors should embrace it rather than be deterred. Selling in fear may lead to buying back at higher prices later, often with regret. My Income Method lets me sit back and collect steady flowing dividends from my portfolio.
Kimbell Royalty Partners Announces Date for First Quarter 2025 Earnings Release and Conference Call
FORT WORTH, Texas, March 20, 2025 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell"), a leading owner of oil and natural gas mineral and royalty interests in more than 130,000 gross wells across 28 states, today announced that it will release its first quarter 2025 financial results on Thursday, May 8, 2025, before the market opens. Kimbell will also declare its first quarter 2025 distribution concurrent with this release.
Down, But Not Out: My Favorite Energy Stocks For Income And Growth
President Trump aims to lower oil prices, but domestic production growth faces challenges. The administration may turn to OPEC+ and political pressure to boost supply. Despite short-term volatility, my long-term oil thesis remains strong. U.S. producers remain competitive, and global demand continues to grow, supporting energy investments. I focus on high-quality oil and gas stocks with strong balance sheets, low breakeven prices, and deep reserves. These companies offer stability and long-term upside.
Kimbell Royalty Partners: High-Quality Business Model And Solid Balance Sheet Justify A Buy
Kimbell Royalty Partners maintains strong top line performance and liquidity despite volatile oil and gas markets, driven by strategic acquisitions and a non-capital-intensive business model. KRP's high liquidity and low operating costs, combined with stable cash flows, support its ability to cover acquisitions and distributions, making it a secure investment. The company's current undervaluation presents upside potential, with price targets suggesting a 22-35% increase, despite weak technical momentum.
Kimbell Royalty Partners: Reviewing Its Guidance For 2025
Kimbell is projected to generate $2.19 per unit in 2025 distributable cash flow at the current strip. Kimbell's production is 33% oil and 48% natural gas, so strong natural gas prices help to offset weaker oil prices. Kimbell's 2025 production guidance was slightly lower than I expected.
Kimbell Royalty Partners Announces Filing of 2024 Annual Report on Form 10-K
FORT WORTH, Texas , Feb. 27, 2025 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell Royalty Partners" or "Kimbell"), a leading owner of oil and natural gas mineral and royalty interests in over 17 million gross acres in 28 states, today announced the filing of its Annual Report on Form 10-K ("Annual Report") for the fiscal year ended December 31, 2024 with the U.S. Securities and Exchange Commission ("SEC"). Kimbell's Annual Report is available through its website at http://kimbellrp.investorroom.com/financial-reports, as well as on the SEC's website at www.sec.gov.
Kimbell Royalty Partners, LP Common Units (KRP) Q4 2024 Earnings Call Transcript
Kimbell Royalty Partners, LP Common Units (NYSE:KRP ) Q4 2024 Earnings Conference Call February 27, 2025 11:00 AM ET Company Participants Rick Black – Investor Relations Bob Ravnaas – Chairman and Chief Executive Officer Davis Ravnaas – President and Chief Financial Officer Blayne Rhynsburger – Controller Conference Call Participants Jack Wilson – Truist Securities Jon Mardini – KeyBanc Capital Markets Noah Hungness – Bank of America Derrick Whitfield – Texas Capital Paul Diamond – Citi Operator Greetings, and welcome to Kimbell Royalty Partners' Fourth Quarter Earnings Conference Call. At this time all participants are in a listen-only mode.
Kimbell Royalty Partners Announces Record Fourth Quarter and Full Year 2024 Results
Production Exceeded 25,000 Boe/d (6:1) for First Time Including a Full-Quarter of Acquired Production Activity on Acreage Remains Robust with 91 Active Rigs Drilling Representing 16% 1 Market Share of U.S. Land Rig Count Including the Acquired Production Superior Five-Year Annual Average PDP Decline Rate of 14% Requires Only an Estimated 6.5 Net Wells Annually to Maintain Flat Production Compared to 8.1 Net Line-of-Site Wells After Giving Effect to Acquired Production Announces Q4 2024 Cash Distribution of $0.40 per Common Unit Initiates 2025 Operational Guidance with Record High Mid-Point Daily Production FORT WORTH, Texas, Feb. 27, 2025 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell" or the "Company"), a leading owner of oil and natural gas mineral and royalty interests in over 130,000 gross wells across 28 states, today announced financial and operating results for the quarter and full year ended December 31, 2024. Fourth Quarter 2024 Highlights Q4 2024 run-rate daily production of 24,082 barrels of oil equivalent ("Boe") per day (6:1) Including a full Q4 2024 impact of production from the Company's $230.4 million acquisition from a private seller (the "Acquired Production"), which closed on January 17, 2025 with an effective date of October 1, 2024, run-rate production was 25,946 Boe per day (6:1) Q4 2024 oil, natural gas and NGL revenues of $69.1 million 2 Q4 2024 net loss of approximately $39.3 million and net loss attributable to common units of approximately $37.8 million primarily due to a non-cash ceiling test impairment expense of $56.2 million recorded during the quarter2 Q4 2024 consolidated Adjusted EBITDA of $59.8 million 2 As of December 31, 2024, Kimbell's major properties3 had 7.21 net drilled but uncompleted wells ("DUCs") and net permitted locations on its acreage (4.80 net DUCs and 2.41 net permitted locations) compared to an estimated 5.8 net wells needed to maintain flat production As of December 31, 2024 and including the Acquired Production, Kimbell's major properties3 had 8.07 net DUCs and net permitted locations on its acreage (5.44 net DUCs and 2.63 net permitted locations) compared to an estimated 6.5 net wells needed to maintain flat production As of December 31, 2024, Kimbell had 87 rigs actively drilling on its acreage, representing 15% market share of all land rigs drilling in the continental United States as of such time As of December 31, 2024 and including the Acquired Production, Kimbell had 91 rigs actively drilling on its acreage, representing 16% market share of all land rigs drilling in the continental United States as of such time Announced a Q4 2024 cash distribution of $0.40 per common unit, reflecting a payout ratio of 75% of cash available for distribution; implies a 10.2% annualized yield based on the February 26, 2025 closing price of $15.62 per common unit; Kimbell intends to utilize the remaining 25% of its cash available for distribution to repay a portion of the outstanding borrowings under Kimbell's secured revolving credit facility Conservative Balance Sheet with Net Debt to Trailing Twelve Month Consolidated Adjusted EBITDA of 0.8x Initiated full year 2025 guidance with estimated daily production at its mid-point projected at 25,500 Boe/d for the year with a high end projection of 27,000 Boe/d and low end projection of 24,000 Boe/d Robert Ravnaas, Chairman and Chief Executive Officer of Kimbell Royalty GP, LLC, Kimbell's general partner (the "General Partner"), commented, "2024 was another outstanding year for Kimbell.
Kimbell Royalty Partners: A Premium Long-Term Investment With A Massive Dividend Yield
Kimbell Royalty presents an attractive medium- to long-term investment opportunity, offering a strong dividend yield backed by solid financials. The company's low debt levels and tax-efficient structure make it particularly appealing to investors seeking higher yields with relative stability. Its recent acquisition of Midland Basin interests is expected to enhance production and strengthen its financial position without disrupting cash flows.
Kimbell Royalty Partners Closes $230 Million Acquisition of Midland Basin Mineral and Royalty Interests in Cash Transaction
FORT WORTH, Texas , Jan. 17, 2025 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell" or the "Company"), a leading owner of oil and gas mineral and royalty interests in over 17 million gross acres in 28 states, today announced that it has closed the previously announced purchase of mineral and royalty interests (the "Acquired Assets") held by a private seller in a cash transaction valued at approximately $230 million, subject to post-closing adjustments (the "Acquisition"). The purchase price of the Acquisition was funded through a combination of an underwritten public offering of common units and borrowings under its revolving credit facility.
Kimbell Royalty Partners: Midland Basin Acquisition May Boost Oil Production By 15%
Kimbell is acquiring Midland Basin royalty interests for $231 million. The seller is getting paid mostly with cash, but KRP is also issuing shares via a public offering to limit the increase in its debt. I currently expect the Company to add approximately 12.9 million common units and $44 million in net debt due to the acquisition.
Kimbell Royalty Partners, LP Announces Pricing of Upsized Public Offering of Common Units
FORT WORTH, Texas , Jan. 7, 2025 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell") today announced the pricing of its upsized public offering of 10,000,000 common units representing limited partner interests, at a public offering price of $14.90 per common unit. The total gross proceeds of the offering, before underwriters' discounts and estimated offering expenses, will be approximately $149.0 million.
Kimbell Royalty Partners, LP Announces Public Offering of Common Units
FORT WORTH, Texas , Jan. 7, 2025 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell") today announced that it has commenced an underwritten public offering of 9,000,000 common units representing limited partner interests, subject to market and other conditions. In connection with the offering, Kimbell intends to grant the underwriters an option to purchase up to 1,350,000 additional common units at the public offering price less the underwriting discount and commissions.
Kimbell Royalty Partners, LP Announces $231 Million Midland Basin Acquisition in Cash and Unit Transaction(1)
Oil and natural gas royalty interests located under the prolific Mabee Ranch in the Core of the Midland Basin on over 68,000 gross acres HIGHLIGHTS Expected to be immediately accretive to distributable cash flow per unit, with estimated acceleration of accretion over the next 5 years Targeted oil and natural gas mineral and royalty interests located under the prolific Mabee Ranch in the core of the Midland Basin, with approximately 875 gross producing wells on over 68,000 gross acres World-class E&P operators, including ConocoPhillips, Diamondback Energy and ExxonMobil Anticipated 2025 average production of approximately 1,842 Boe per day (60% oil, 17% natural gas, 23% NGL), generating an estimated $30.9 million of cash flow at strip pricing as of January 3, 2025 (reflects transaction multiple of approximately 7.5x)2 Expected to increase daily production by approximately 8% and expected to decrease cash G&A per Boe by approximately 7%3 Expected to add 1.22 net DUCs and net permitted locations ("net wells"), an approximate 16% increase in Kimbell's current major net well line of site inventory Following the transaction, Kimbell expects net wells needed to maintain flat production to modestly increase from 5.8 net wells to 6.5 net wells In addition to net wells, the Seller portfolio is expected to add an estimated 6.06 net upside locations, increasing Kimbell's major net undrilled Permian inventory by approximately 19% Builds upon existing Permian Basin position, which remains Kimbell's leading basin in terms of production, active rig count, DUCs, permits and undrilled inventory Maintains conservative balance sheet metrics with expected pro forma net leverage of approximately 1.0x following transaction close4 FORT WORTH, Texas , Jan. 7, 2025 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell" or the "Company"), a leading owner of oil and gas mineral and royalty interests in approximately 17 million gross acres in 28 states, today announced that it has agreed to acquire mineral and royalty interests (the "acquired assets") held by a private seller ("Seller") in a cash and unit transaction valued at approximately $231 million, subject to purchase price adjustments and other customary closing adjustments (the "Acquisition"). Under the purchase agreement, Kimbell has the option to pay the consideration entirely in cash or through a combination of $207 million in cash (approximately 90% of the total consideration) and approximately 1.4 million common units of Kimbell Royalty Partners, LP, which are valued at $24 million (approximately 10% of the total consideration).
Beat Inflation Like A Pro: Unstoppable Dividend Picks You Can't Miss
The dollar surged 8% in 2024, fueled by the Fed's policy shifts and potential tariffs under President Trump. As inflation persists, the Fed's uncertain path adds volatility. Professional investors, including hedge fund managers, emphasize inflation protection. Infrastructure assets, particularly in renewable power and data centers, offer strong growth and income potential. Amid rising bond yields, I favor high-yielding stocks, especially in infrastructure and real estate, as these sectors benefit from inflation and offer stability and growth.
Kimbell Royalty Partners Announces Date for Fourth Quarter 2024 Earnings Release and Conference Call
FORT WORTH, Texas, Dec. 19, 2024 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell"), a leading owner of oil and natural gas mineral and royalty interests in more than 129,000 gross wells across 28 states, today announced that it will release its fourth quarter 2024 financial results on Thursday, February 27, 2025, before the market opens. Kimbell will also declare its fourth quarter 2024 distribution concurrent with this release.
My 2 Top Dividends To Buy Before Christmas
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Red, White, And Wealth: Building An All-American Dividend Portfolio
I love America and invest heavily in it for good reason. This article explores why the U.S. outshines the world economically and strategically for investors. With unmatched innovation, military strength, and natural resources, the U.S. excels. I highlight risks, rewards, and the keys to building a winning portfolio. From defense giants to energy royalty players, I share my favorite stocks to beat the market and capitalize on America's enduring strengths.
Buying No-Brainer Dividends For The 'Best Four Years Ever'
Scott Bessent's predictions for a Trump presidency suggest economic growth, driven by tariffs as a threat, energy expansion, and manufacturing revival. Trump's second term may focus on broad economic growth, addressing inflation while boosting U.S. manufacturing, despite challenges like rising oil costs. I present several dividend picks I expect to perform well, as they come with income, dividend growth, secular tailwinds, and pricing power.
Kimbell Royalty Partners: New Permian Wells Should Boost Production And Oil Cut
Kimbell's Q3 2024 production and oil cut modestly declined compared to Q2 2024. KRP still declared a $0.41 per unit distribution, helped by hedges and lease bonus income. Kimbell had a high number of DUCs at the end of Q3 2024. Those wells coming online are expected to boost its production in Q4 2024 and much of 2025.
My Favorite Dividend Stocks For The 'New World Order'
I explore the evolving “New World Order,” focusing on geopolitical changes and the U.S.'s strategic responses. This impacts global markets profoundly. Trump's pick for Treasury Secretary, Scott Bessent, aims to tackle U.S. debt and economic growth with his “3/3/3” plan—cut deficits, boost GDP, and increase oil output. Amid these shifts, I spotlight dividend stocks poised to thrive, emphasizing their resilience, strong yields, and growth potential in a changing economy.
Kimbell Royalty Partners Announces Participation at Upcoming Investor Conferences
FORT WORTH, Texas, Nov. 11, 2024 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell" or the "Company"), a leading owner of oil and natural gas mineral and royalty interests in over 129,000 gross wells across 28 states, today announced its participation in four upcoming investor conferences. Members of management will be participating in meetings at the following conferences: Bank of America Global Energy Conference 2024 on November 12-13, 2024 – Houston TD Securities Energy Conference on November 19-20, 2024 – New York City Wolfe Inaugural Global Energy Conference on November 21, 2024 - Virtual Mizuho Power, Energy & Infrastructure Conference on December 9-10, 2024 – New York City About Kimbell Royalty Partners Kimbell (NYSE: KRP) is a leading oil and gas mineral and royalty company based in Fort Worth, Texas.
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