7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2016-12-31 
      
    		                               
      ​
    		                               
      assets
    		                               
      current assets
    		                               
      cash and cash equivalents
    		40,003,000 34,524,000 35,627,785 34,168,424 34,706,176 30,945,157 39,679,620 30,992,670 39,528,859 20,779,119 19,077,381 24,635,718 16,554,722 13,317,833 10,587,893 7,052,414 12,698,756 12,960,623 8,124,335 9,804,977 12,347,689 11,262,351 14,480,867 14,204,250 20,297,982 16,887,771 13,543,501 15,773,987 16,527,967 8,334,632 234,000 
      oil, natural gas and ngl receivables
    		41,253,000 47,989,000 60,997,646 45,923,508 48,975,028 53,218,203 54,704,277 59,020,471 61,320,286 45,006,388 35,935,697 46,993,711 46,387,472 53,595,514 41,556,172 35,147,145 30,683,099 23,718,143 24,768,091 17,552,756 16,039,385 11,766,671 14,257,713 19,170,762 16,934,026 18,871,778 21,471,377 18,809,170 17,497,528 6,597,763  
      derivative assets
    		4,601,000 3,773,000  2,403,597 6,817,989 2,378,353 6,073,891 11,427,735 1,489,189 1,794,888 2,455,737   2,040,558 2,102,159 166,307 661,338 725,030 697,068             
      accounts receivable and other current assets
    		2,509,000 1,963,000 2,755,191 2,771,552 1,670,697 2,389,179 2,849,066 1,699,536 2,855,653 3,135,807 3,049,100 3,562,912 2,595,951 2,145,474 2,320,933 3,051,593 1,495,525 1,550,623 1,557,818 973,956 946,937 387,777 585,853 76,868 440,390 376,121 543,451 50,551 426,766 226,641  
      total current assets
    		88,366,000 88,249,000 99,380,622 85,267,081 92,169,890 88,930,892 103,306,854 103,140,412 105,193,987 70,716,202 58,062,178 75,192,341 65,538,145 71,099,379 56,567,157 45,417,459 44,877,380 38,229,389 34,450,244 28,331,689 29,334,011 26,648,382 36,663,755 34,139,813 40,053,027 38,092,919 35,587,930 37,614,825 34,452,261 15,159,036  
      property and equipment
    		596,000 557,000 475,498 267,111 361,205 444,335 532,037 589,895 681,285 771,872 865,878 953,781 1,036,281 1,233,673 1,529,693 1,888,247 2,257,936 2,091,907 2,111,648 1,964,660 1,166,660 1,230,601 1,297,203 1,327,057 1,202,434 816,614 755,386 429,602 452,634 107,889  
      oil and natural gas properties
    		                               
      oil and natural gas properties, using full cost method of accounting
    		2,271,470,000 2,271,464,000 2,271,330,491 2,048,711,692 2,048,711,692 2,048,711,692 2,048,711,692 2,048,690,088 2,048,160,125 1,602,199,705 1,466,267,562 1,465,985,718 1,204,839,460 1,204,839,460 1,204,805,739 1,204,395,484 1,149,610,813 1,149,610,813 1,149,587,975 1,149,095,232 1,148,983,401 1,148,913,244 1,033,552,717 1,033,355,017 987,942,123 987,748,241 987,148,738 818,594,943 731,084,956 287,050,787  
      less: accumulated depreciation, depletion and impairment
    		-1,116,263,000 -1,085,279,000 -1,054,916,030 -1,023,889,484 -936,054,155 -903,995,713 -871,067,953 -827,033,944 -772,711,451 -749,745,922 -730,184,148 -712,716,951 -696,086,227 -684,968,794 -673,991,373 -663,603,142 -652,252,233 -643,784,323 -635,786,468 -628,102,279 -523,403,235 -490,530,741 -413,039,389 -328,913,425 -211,242,100 -161,301,065      
      total oil and natural gas properties
    		1,155,207,000 1,186,185,000 1,216,414,461 1,024,822,208 1,112,657,537 1,144,715,979 1,177,643,739 1,221,656,144 1,275,448,674 852,453,783 736,083,414 753,268,767 508,753,233 519,870,666 530,814,366 540,792,342 497,358,580 505,826,490 513,801,507 520,992,953 625,580,166 658,382,503 620,513,328 704,441,592 776,700,023 826,447,176 866,295,648 710,815,490 645,551,913 209,104,450  
      right-of-use assets
    		4,695,000 4,783,000 4,869,142 3,730,234 1,928,951 2,016,364 2,102,919 2,189,243 2,274,148 2,357,665 2,442,166 2,525,323 2,607,158 2,687,699 2,766,972 2,844,997 2,921,796 2,997,389 3,071,305 3,123,454 3,194,116 3,263,675 3,332,164 3,399,634 3,466,101 619,944 598,282     
      loan origination costs
    		4,386,000 4,895,000 4,727,986 5,262,191 5,789,882 6,281,710 6,811,840 7,325,471 6,051,974 6,308,398 2,488,006 3,004,104 3,267,908 3,747,965 3,942,281 4,214,484 4,282,273 4,543,940 4,799,491 5,086,486 1,469,266 1,684,490 1,950,808 2,217,126 2,483,443 2,749,255 2,920,900 3,178,627 3,436,353 223,958  
      total assets
    		1,253,813,000 1,284,936,000 1,325,867,709 1,119,914,763 1,214,671,074 1,242,801,295 1,291,071,117 1,337,789,216 1,389,784,909 934,188,359 1,045,638,224 1,076,746,299 821,511,790 839,425,041 844,084,042 601,486,852 557,048,907 559,331,835 563,979,517 564,634,193 665,451,384 695,357,961 680,255,463 748,594,054 828,745,127 868,725,908 906,158,146 753,285,373 683,893,161 249,318,570 234,000 
      liabilities, mezzanine equity and unitholders' equity
    		                               
      current liabilities
    		                               
      accounts payable
    		4,502,000 3,093,000 5,473,889 6,505,482 6,865,296 6,501,900 6,854,075 6,594,736 3,186,244 1,369,894 919,816 1,210,337 874,180 1,552,991 1,893,672 811,019 1,028,487 1,028,355 1,042,416 888,735 995,574 1,190,215 757,157 1,207,736 1,131,402 1,184,477 1,163,903 1,331,081 1,502,054 5,239,072  
      other current liabilities
    		11,900,000 13,092,000 7,883,212 5,985,727 10,874,999 8,976,730 5,325,703 6,173,314 10,541,101 8,340,805 5,165,036 4,909,510 6,418,999 5,178,531 3,782,668 3,319,495 6,317,566 4,900,072 3,672,874 4,765,161 5,842,811 4,692,330 3,421,985 4,231,579 5,667,143 4,205,607 3,245,873 2,468,945 3,994,853 1,226,727  
      derivative liabilities
    		  3,165,270 254,654  178,879  208,710 1,418,027 428,560 2,056,242 12,646,720 23,477,833 36,191,134 43,316,700 24,190,678 33,731,319 22,821,751 11,112,053             
      total current liabilities
    		16,402,000 16,185,000 16,522,371 12,745,863 17,740,295 15,657,509 12,179,778 12,976,760 15,145,372 10,139,259 8,141,094 18,766,567 30,771,012 42,922,656 48,993,040 28,321,192 41,077,372 28,750,178 15,827,343 8,767,074 7,830,684 5,882,545 4,179,142 5,439,315 6,798,545 5,390,084 4,409,776 3,800,026 6,266,605 6,866,597  
      operating lease liabilities, excluding current portion
    		4,493,000 4,573,000 4,652,678 3,562,110 1,604,893 1,701,904 1,795,924 1,887,693 1,977,931 2,066,030 2,151,343 2,236,361 2,319,960 2,401,557 2,482,028 2,561,274 2,639,197 2,715,212 2,796,946 2,848,452 2,919,194 2,988,755 3,057,156 3,124,416        
      long-term debt
    		448,496,000 462,096,000 298,996,274 239,159,776 252,159,776 265,759,776 285,359,776 294,200,000 310,400,000 269,600,000 223,915,911 233,015,911 203,915,911 216,115,911 226,515,911 217,115,911 192,709,601 162,934,231 168,534,231 171,550,142 169,700,653 171,723,602 101,223,602 100,135,477 91,261,477 87,309,544 87,309,544 87,309,544 148,309,544 42,972,997  
      other liabilities
    		 10,000 41,670 72,920 104,169 135,420 166,667 197,917 229,167 260,417 291,667 322,917 354,167 385,417 416,667 447,918 479,167               
      total liabilities
    		469,391,000 483,533,000 322,201,380 256,420,228 271,611,428 284,353,143 300,940,496 309,322,464 329,279,800 282,236,235 243,639,231 263,336,623 247,767,367 276,202,747 294,532,814 252,637,071 245,085,543 202,301,317 195,698,570 186,333,353 183,150,107 180,945,262 108,459,900 108,699,208 101,496,869 93,606,506 93,279,566 91,109,570 159,096,391 50,439,155  
      commitments and contingencies
    		                               
      mezzanine equity:
    		                               
      series a preferred units
    		158,594,000 158,395,000 316,396,786 316,002,143 315,607,500 315,212,857 314,818,215 314,423,572 314,028,929        20,407,128 43,897,032 43,281,567 42,666,102 42,050,637 41,435,172 40,819,707 74,909,732 73,365,147 71,820,563 70,275,978 69,449,006 67,904,422   
      kimbell royalty partners, lp unitholders' equity:
    		                               
      common units
    		541,043,000 555,914,000 594,230,792 463,495,360 531,293,639 722,151,755 640,371,650 670,530,748 695,096,257 596,177,270 592,304,290 601,841,776 485,063,162 475,269,981 462,220,882 328,717,841 270,527,661 285,028,579 251,263,288 257,593,307 325,048,170 328,679,253 367,263,993 282,549,841 341,969,430 337,096,345 300,579,597 293,992,935 246,793,808  234,000 
      class b units
    		724,000 724,000 724,577 726,206 726,206 726,206 1,042,365 1,042,365 1,042,365 1,042,681 774,220 774,220 410,579 410,579 412,683 880,579 880,579 880,579 1,038,989 1,038,989 1,038,989 1,157,059 1,032,202 1,277,880 1,169,413 1,190,717 1,370,717 972,663 647,663   
      total kimbell royalty partners, lp unitholders' equity
    		541,767,000 556,638,000 594,955,369 464,221,566 532,019,845 722,877,961 641,414,015 671,573,113 696,138,622 597,219,951 593,078,510 602,615,996 485,473,741 475,680,560 462,633,565                 
      non-controlling interest in opco
    		84,061,000 86,370,000 92,314,174 83,270,826 95,432,301  33,898,391                         
      total unitholders' equity
    		625,828,000 643,008,000 687,269,543 547,492,392 627,452,146 643,235,295 675,312,406 714,043,180 746,476,180       329,598,420 271,408,240 285,909,158 252,302,277 258,632,296 326,087,159 329,836,312 368,296,195 283,827,721 343,138,843 338,287,062 301,950,314 294,965,598 247,441,471   
      total liabilities, mezzanine equity and unitholders' equity
    		1,253,813,000 1,284,936,000 1,325,867,709 1,119,914,763 1,214,671,074 1,242,801,295 1,291,071,117 1,337,789,216 1,389,784,909 934,188,359 1,045,638,224 1,076,746,299 821,511,790 839,425,041 844,084,042 601,486,852 557,048,907 559,331,835 563,979,517 564,634,193 665,451,384 695,357,961 680,255,463 748,594,054 828,745,127 868,725,908 906,158,146 753,285,373 683,893,161   
      non-controlling (deficit) interest in opco
    		     -79,642,666      -26,106,320                    
      assets of consolidated variable interest entities:
    		                               
      cash
    		          100,930 390,850 551,979 786,721 2,953,876                 
      investments held in trust
    		          243,059,983 240,621,146 238,412,777 237,224,522 237,001,386                 
      prepaid expenses
    		          79,932 35,201 183,054 336,769 490,485                 
      liabilities of consolidated variable interest entities:
    		                               
      deferred underwriting commissions
    		          8,050,000 8,050,000 8,050,000 8,050,000 8,050,000                 
      redeemable non-controlling interest in kimbell tiger acquisition corporation
    		          236,900,000 236,900,000                    
      non-controlling interest (deficit) in opco
    		       42,470,067 50,337,558 54,732,173                      
      total equity
    		         651,952,124 565,098,993 576,509,676 336,844,423 326,322,294 312,651,228 348,849,781 291,556,236 313,133,486 324,999,380 335,634,738 440,250,640 472,977,527 530,975,856 564,985,114 653,883,111 703,298,839 742,602,602 592,726,797 456,892,348   
      non-controlling deficit in opco
    		          -27,979,517                     
      investment in affiliate
    		            1,161,255 1,137,528 4,560,360 4,738,822 4,689,604 4,917,690 5,048,254 5,134,951 4,707,165 4,148,310 4,372,757 2,952,264 2,885,037       
      redeemable noncontrolling interest in kimbell tiger acquisition corporation
    		            236,900,000 236,900,000 236,900,000                 
      noncontrolling (deficit) interest in opco
    		            -148,629,318 -149,358,266 -149,982,337                 
      unitholders' equity:
    		                               
      noncontrolling interest
    		               19,251,361 20,147,996 27,224,328 72,697,103 77,002,442 114,163,481 143,141,215 162,679,661 281,157,393 310,744,268 365,011,777 440,652,288 297,761,199 209,450,877   
      commodity derivative assets
    		                     3,231,583 7,339,322 687,933 2,380,629 1,957,249 29,601 2,981,117    
      commodity derivative liabilities
    		                   3,113,178 992,299 350,360    291,362 967,539  769,698 400,798  
      deposits on oil and natural gas properties
    		                      9,681,408  986,000     23,533,243  
      revenue
    		                               
      oil, natural gas and ngl revenues
    		                      25,585,439 107,480,446 29,531,138 27,913,975 22,833,393 65,713,112 21,085,377 11,246,287  
      lease bonus and other income
    		                      229,319 2,477,145 940,898 1,289,044 83,606 1,213,550 358,215   
      gain on commodity derivative instruments
    		                      10,132,613 -1,732,321 2,506,815 2,733,582  3,331,548    
      total revenues
    		                      35,947,371 108,225,270 32,978,851 31,936,601 17,947,209 70,258,210 18,407,956 10,707,898  
      costs and expenses
    		                               
      production and ad valorem taxes
    		                      1,621,743 7,719,949 2,236,405 1,924,943 1,596,394 4,399,667 1,410,335 805,396  
      depreciation and depletion expense
    		                      13,270,683 52,118,367 15,098,107 12,311,443      
      impairment of oil and natural gas properties
    		                      70,925,731 169,150,255 34,880,071 28,146,711 2,802,198 67,311,501    
      marketing and other deductions
    		                      2,131,552 8,145,397 2,332,010 1,749,040 1,857,043 4,652,313 1,689,780 609,033  
      general and administrative expense
    		                      6,524,311 22,666,601 5,694,534 6,220,499 5,333,366 16,847,328 4,879,497 4,000,022  
      total costs and expenses
    		                      94,474,020 259,800,569 60,241,127 50,352,636 21,870,009 118,423,852 15,586,749 8,846,045  
      operating income
    		                      -58,526,649 -151,575,299 -27,262,276 -18,416,035 -3,922,800 -48,165,642 2,821,207 1,861,853  
      other income
    		                               
      equity income in affiliate
    		                      163,554 80,481        
      interest expense
    		                      -1,421,304 -5,813,702 1,468,419 1,441,651 1,422,563 4,091,900 1,843,483 483,558  
      net income before income taxes
    		                      -59,784,399 -157,308,520 -28,811,591 -19,857,686  -52,257,542 977,724   
      benefit from income taxes
    		                       899,425 102,997 507,801  24,681 1,977,116   
      net income
    		                      -59,784,399 -158,207,945 -28,914,588 -20,365,487 -5,345,363 -58,592,263 -3,839,848 1,378,295 -84,000 
      distribution and accretion on series a preferred units
    		                      -3,076,684 -13,878,336 -3,469,584 -3,469,584 -3,469,584 -6,310,040 -2,840,456   
      net income and distributions and accretion on series a preferred units attributable to noncontrolling interests
    		                      23,584,856 89,148,428 16,146,535 12,100,511 5,151,509     
      distribution on class b units
    		                      -24,807 -94,429 -23,414 -23,814 -23,814 -30,967 -12,953   
      net income attributable to common units
    		                      -39,301,034 -83,032,282 -16,261,051 -11,758,374 -3,687,252 -56,767,549 -3,711,798   
      basic
    		                      -1.29 -3.92 -0.73 -0.54 -0.21 -3.08 -0.15 0.08  
      diluted
    		                      -1.29 -3.92 -0.73 -0.54 -0.21 -3.08 -0.15 0.08  
      weighted-average number of common units outstanding
    		                               
      operating lease liabilities
    		                        3,436,847 615,516 592,707     
      equity loss in affiliate
    		                        80,896       
      less: accumulated depreciation, depletion, accretion and impairment
    		                          -120,853,090 -107,779,453 -85,533,043 -77,946,337  
      loss on commodity derivative instruments
    		                          -4,969,790  -3,035,636 -538,389  
      depreciation, depletion and accretion expense
    		                          10,281,008 25,213,043 7,607,137 3,431,594  
      state income taxes
    		                               
      net income before series a preferred unit distribution and accretion
    		                           -52,282,223 -999,392   
      net income attributable to noncontrolling interests
    		                           -1,855,681 -141,003   
      net income attributable to kimbell royalty partners lp
    		                           -56,736,582 -3,698,845   
      deferred tax liability
    		                            1,475,648   
      other assets
    		                             1,189,994  
      liabilities and partners' capital
    		                               
      partners' capital
    		                             198,879,415  
      total liabilities and partners' capital
    		                             249,318,570  
      partners’ capital
    		                               
      general partners’ capital
    		                               
      total partners’ capital
    		                              234,000 
      general and administrative expenses
    		                              84,000 
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.