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 2018-03-31 
      
    		                               
      ​
    		                               
      cash flows from operating activities
    		                               
      net income
    		22,323,000 26,671,805 25,853,195 -39,259,179 25,805,447 15,186,529 9,336,939 17,827,963 18,481,038 17,797,031 28,899,538 35,247,762 43,845,114 43,294,166 8,407,244 30,723,585 7,466,496 3,710,599 537,194 -93,839,697 -25,676,624 -76,790,050 -59,784,399 -103,582,507 -28,914,588 -20,365,487 -5,345,363   1,378,295 -52,824,471 
      adjustments to reconcile net income to net cash from operating activities:
    		                               
      depreciation and depletion expense
    		31,043,000 30,457,905 31,118,095 31,777,397 32,155,040 33,023,934 38,166,806 36,196,337 23,060,163 19,656,855 17,563,648 16,726,499 11,326,791 11,273,960 10,759,164 11,721,452 8,828,517 8,336,764 7,911,148 11,986,687 10,704,945 12,026,481 13,270,683 14,427,809 15,098,107       
      impairment of oil and natural gas properties
    		   56,154,858 0 0 5,963,575             92,859,722 22,237,131 65,535,973 70,925,731 103,321,275 34,880,071 28,146,711 2,802,198 67,256,747,556 0 0 54,753,444 
      amortization of right-of-use assets
    		88,000 85,945 85,055 88,911 87,413 86,555 86,324 84,905 83,517 84,501 83,157 81,835 80,541 79,273 78,025 76,799 75,593 73,916 71,785 70,662 69,559 68,489 67,470 66,467 65,480 11,374 11,204     
      amortization of loan origination costs
    		631,000 578,795 534,205 534,007 532,452 530,130 530,130 528,951 405,244 492,732 516,098 490,983 480,057 459,261 442,399 408,703 394,582 381,997 371,487 300,151 275,898 266,318 266,318 266,317 265,812 260,422 257,727 465,793,724 177,026 15,625 15,625 
      unit-based compensation
    		4,169,000 4,123,185 3,861,815 3,762,677 3,829,593 5,108,318 3,684,080 3,325,891 3,325,891 3,289,740 3,170,000 2,981,903 2,981,903 2,949,491 2,194,342 2,435,786 2,760,528 2,743,917 2,692,494 2,173,642 2,446,329 2,534,198 2,107,587 1,809,752 1,809,752 2,112,764 1,770,410 3,168,155,953 751,074 723,039 668,934 
      forfeiture of restricted units
    		0 -193 -56,807         0 0       -9,075 -12,614           
      (gain) loss on derivative instruments, net of settlements
    		-1,793,000         -2,600,713 -12,499,601 -13,029,467                    
      changes in operating assets and liabilities:
    		                               
      oil, natural gas and ngl receivables
    		6,736,000 13,009,138 -15,074,138 3,051,520 4,243,175 1,486,074 4,316,194 2,299,815 -16,313,898 -9,070,691 11,058,014 -606,240 7,208,042 -12,039,342 -6,409,027 -4,464,046 -6,964,956 1,049,948 -7,215,335 -1,513,371 -4,272,714 2,491,042 4,913,049 -860,257 1,376,634 2,599,599 1,294,164 -7,032,589,445 -8,976,629 -37,453 232,527 
      accounts receivable and other current assets
    		-546,000 792,639 16,361 -1,100,854 718,482 459,887 -1,149,530 1,156,117 280,154 -86,707 513,812 -966,961 -450,477 175,459 730,660 -1,556,068 55,098 7,195 -583,862 -27,019 -559,160 198,076 -508,985 363,522 -64,269 167,330 -492,900 186,312,093 -200,125 144,931 -134,899 
      accounts payable
    		1,382,000 -2,827 -938,173 -359,813 310,117 -352,173 312,764 -504,864 854,707 450,078 -290,521 336,157 -678,811 -340,681 1,082,653 -217,469 133 -14,061 153,681 -106,839 -194,641 433,058 -450,579 274,292 550,127 -257,657 -692,149 984,763,385 -31,734 825,555 378,794 
      other current liabilities
    		-1,190,000 5,208,398 1,825,602 -4,722,930 1,898,270 3,651,026 -847,611 -4,367,787 2,200,296 3,175,769 255,526 -1,509,488 1,240,468 1,395,863 463,173 -2,016,233 1,417,494 1,227,198 -1,092,287 -1,077,650 1,150,481 1,270,345 -809,594 -1,435,565 1,461,535 959,735 776,928 -260,820,354 1,786,289 -55,904 -464,031 
      operating lease liabilities
    		-80,000 -79,488 -61,512 -99,319 -97,011 -94,020 -91,769 -90,238 -88,099 -85,313 -85,018 -83,599 -81,597 -80,471 -79,246 -77,923 -76,015 -81,734 -71,142 -70,742 -69,561 -68,401 -67,260 -312,431 -90,306 -10,227 -16,779     
      net cash from operating activities
    		62,763,000 72,321,323 54,152,677 56,571,256 62,416,630 62,882,573 69,045,616 59,308,954 36,386,578 31,518,529 47,053,606 38,630,603 51,550,250 40,423,167 36,032,473 22,359,827 25,122,540 28,479,121 15,480,993 14,320,991 12,379,324 14,757,420 20,787,606 16,722,487 24,835,447 23,332,182 15,812,332 33,184,387,930 4,403,227 6,894,754 7,294,089 
      capex
    		-108,000 -208,400 -343,600 -34,083 -44,719 -39,721 -69,763 -33,877 -35,297 -32,325 -39,798 -44,526 -43,216 -31,770 -43,628 -32,104 -47,470 -319,167 -373,947 -945,365 -5,641 -4,500 -40,596 -202,381 -422,963 -71,408 -335,353 -403,302,520 -365,176 -24,045 -7,259 
      free cash flows
    		62,655,000 72,112,923 53,809,077 56,537,173 62,371,911 62,842,852 68,975,853 59,275,077 36,351,281 31,486,204 47,013,808 38,586,077 51,507,034 40,391,397 35,988,845 22,327,723 25,075,070 28,159,954 15,107,046 13,375,626 12,373,683 14,752,920 20,747,010 16,520,106 24,412,484 23,260,774 15,476,979 32,781,085,410 4,038,051 6,870,709 7,286,830 
      cash flows from investing activities
    		                               
      purchases of property and equipment
    		-108,000 -208,400 -343,600 -34,083 -44,719 -39,721 -69,763 -33,877 -35,297 -32,325 -39,798 -44,526 -43,216 -31,770 -43,628 -32,104 -47,470 -319,167 -373,947 -945,365 -5,641 -4,500 -40,596 -202,381 -422,963 -71,408 -335,353 -403,302,520 -365,176 -24,045 -7,259 
      proceeds from sale of property and equipment
    		-1,000 585 12,415                             
      purchase of oil and natural gas properties
    		-7,000 -133,200 -222,618,800 0 0 0 -21,605 -529,963 -445,960,420 -43,893,287 -281,844 -140,853,799 0 -33,720 -410,257 -54,784,670 0 -22,839 -492,743 -111,831 -70,157 -87,220,435 -197,700 -10,494,138 -193,882 -495,471 -503,079 -210,890,483,110 -210,557,305 -2,907 -14,678 
      net cash from investing activities
    		-116,000 -341,015 -222,949,985 -34,083 -44,719 -39,721 -91,368 -563,840 -445,995,717 200,204,225 -321,642 -140,726,686 -43,216 3,357,342 -237,311,341 -54,816,774 267,316 -211,442 -811,651 -1,994,164 -341,850 -77,315,077 -11,176,643 -9,616,369 -4,568,778 -566,879 -838,432 -200,727,767,225 -189,917,481 -10,455,357 -21,937 
      cash flows from financing activities
    		                               
      proceeds from equity offering, net of issuance costs
    		0 919 163,574,081     0                        
      redemption of class b contributions on converted units
    		0 -371 -1,629 0 0   0    0 0 -2,104 -467,896 0 0   -1 -118,069 0 -245,678 -200,000 -63,388 0 -9,862     
      redemption of series a preferred units
    		0                               
      distribution to common unitholders
    		-35,491,000 -43,896,405 -37,358,595 -33,197,557 -34,007,253 -36,576,773 -32,097,985                         
      distribution to opco unitholders
    		-5,511,000 -6,810,384 -5,796,616 -5,954,889 -6,100,130 -10,215,175 -9,462,525 -10,632,120 -8,132,911 -5,349,476 -7,436,615 -4,183,628 -4,764,169 -3,859,442 -6,516,284 -6,516,284 -5,459,589 -5,610,542 -3,948,160 -3,948,159 -3,008,356 -3,934,000 -9,616,966         
      distribution to series a preferred unitholders
    		-2,431,000                               
      distribution to class b unitholders
    		-14,000                               
      borrowings on long-term debt
    		0 179,999,502 74,136,498 0 0 0 4,959,776 0 142,000,000 55,084,089 4,000,000 156,000,000 7,000,000 17,100,000 19,100,000 96,006,310 36,075,370 4,000,000 484,089 5,549,489 477,050 85,500,001 71,088,125 8,874,000    124,212,210,453 105,336,547   
      repayments on long-term debt
    		-13,600,000 -16,900,000 -14,300,000 -13,000,000 -13,600,000 -19,600,000 -13,800,000 -16,200,000 -101,200,000 -9,400,000 -13,100,000 -126,900,000 -19,200,000 -27,500,000 -9,700,000 -71,600,000 -6,300,000 -9,600,000 -3,500,000 -3,700,000 -2,500,000 -15,000,000 -70,000,000     -67,863,725,404 0   
      payment of loan origination costs
    		-121,000   -6,316 -40,624 0 -16,499 -1,802,448 -148,820   -227,179 1 -264,946 -170,196 -340,914 -132,915 -126,446 -84,492 -4,393,720    -1 1   -3,386,031,579    
      restricted units repurchased for tax withholding
    		0 -61 -5,080,939 0 0 0 -4,914,149 0 0 0 -4,851,962 0 0 0 -3,344,828 -920,429 0 -220,677 -923,587             
      net cash from financing activities
    		-57,168,000 -73,083,669 170,256,669 -57,074,925 -58,610,892 -71,577,315 -60,267,298 -67,281,303 428,358,879 -230,121,946 -52,580,221 110,015,950 -48,504,887 -43,217,724 207,768,223 26,810,605 -25,651,723 -23,431,391 -16,349,984 -14,869,539 -10,952,136 59,339,141 -9,334,346 -13,199,850 -16,856,458 -19,421,033 -17,204,386 177,680,968,823 193,707,589 5,058,711 -6,061,123 
      net increase in cash and cash equivalents
    		5,479,000 -1,103,361 1,459,361 -537,752   8,686,950 -8,536,189 18,749,740 1,600,808 -5,848,257 7,919,867 3,002,147 562,785 6,489,355  -261,867 4,836,288 -1,680,642 -2,542,712 1,085,338 -3,218,516 276,617 -6,093,732 3,410,211 3,344,270 -2,230,486 10,137,589,528 8,193,335 1,498,108 1,211,029 
      cash and cash equivalents, beginning of period
    		0 -424 34,168,424 0 0 0 30,992,670 0 0 0 25,026,568 0 0 0 7,052,414 0 0 0 9,804,977 0 0 0 14,204,250 0 0 0 15,773,987 5,619,869,505 0 0 5,625,495 
      cash and cash equivalents, end of period
    		5,479,000 -1,103,785 35,627,785 -537,752 3,761,019 -8,734,463 39,679,620 -8,536,189 18,749,740 1,600,808 19,178,311 7,919,867 3,002,147 562,785 13,541,769 -5,646,342 -261,867 4,836,288 8,124,335 -2,542,712 1,085,338 -3,218,516 14,480,867 -6,093,732 3,410,211 3,344,270 13,543,501 15,757,459,033 8,193,335 1,498,108 6,836,524 
      supplemental cash flow information:
    		                               
      cash paid for interest
    		9,579,000 6,711,206 4,679,794    6,696,655   5,856,480 5,106,816  3,000,050 2,791,287 2,240,972 2,092,569 2,011,762 1,761,122 1,673,361  1,383,928 1,417,507 1,126,666  886,958 1,183,833 1,502,161 3,283,166,115 1,243,398 502,811 474,676 
      cash paid for taxes
    		0            1,024,000                   
      non-cash investing and financing activities:
    		                               
      deemed distribution to series a preferred units
    		198,000 278,357 394,643                             
      distribution on series a preferred units in accounts payable
    		27,000 -2,377,219 4,808,219    4,861,644                         
      recognition of tenant improvement asset
    		10,000 31,750 31,250    31,250   31,250 31,250  31,250 31,251 31,250 -31,250                
      right-of-use assets obtained in exchange for operating lease liabilities
    		0 37 1,223,963             0         2,911,637 33,036 609,486     
      loss on derivative instruments, net of settlements
    		  6,988,979           -6,563,998 18,680,995 -14,625,541                
      distribution on series a preferred units
    		  -4,901,639 -4,901,639 -4,848,361 -4,848,361 -4,915,069                         
      distribution on class b units
    		  -14,492 -14,524 -14,524 -20,847 -20,847 -20,847 -20,854 -31,601 -15,484 -8,211 -8,211 -8,211 -17,610 -17,610 -17,610 -20,780 -20,780 -20,780 -23,141           
      loss on extinguishment of debt
    		       0 0                       
      equity income in affiliate
    		           989,616 -23,727 -3,385,325 -249,408 -399,861 -261,336 -273,542 -185,080   -4,003 -163,554         
      cash distribution from affiliate
    		           0 0 3,385,325 385,326 350,643 174,636 273,542 216,738 355,400 210,999           
      gain on derivative instruments, net of settlements
    		   6,743,981 -7,066,348 3,796,313 8,737,714           11,043,382 12,674,172             
      consolidated variable interest entities related:
    		                               
      interest earned on marketable securities in trust account
    		       0 0 -1,069,854 -2,438,837 -2,208,368 -1,188,256 -223,135 -101,386                 
      other assets and liabilities
    		       0 0 -995,143 307,790 179,971 198,302 63,134 -352,441                 
      proceeds from trust of variable interest entity
    		       0 0                       
      cash paid for transaction costs
    		       0 0                       
      cash received from investments held in trust
    		       0 0                       
      investment in marketable securities
    		                               
      proceeds from the issuance of series a preferred units, net of issuance costs
    		       0                    103,256,243,397    
      contributions from class b unitholders
    		       0 0               0 0 0 470,000 972,015,337    
      proceeds from initial public offering of kimbell tiger operating company
    		           0 0 0 227,585,000                 
      payment of underwriting commissions with equity offering of kimbell tiger operating company, net of adjustments
    		           0 0                   
      redemption of kimbell tiger acquisition corporation equity units
    		       0 0                       
      net decrease in cash and cash equivalents
    		                               
      noncash deemed distribution to series a preferred units
    		      394,643                         
      redemption on series a preferred units
    		               -31,006,310    0 0 0 -61,089,600         
      costs associated with equity offering
    		            0 0 -325,508                 
      distributions to common unitholders
    		        -28,799,603 -22,732,617 -31,176,160 -31,473,598 -31,532,508 -26,945,962 -17,450,226 -15,879,095 -13,304,106 -10,732,033 -7,394,551 -7,400,124 -4,756,443 -6,234,957 -11,122,088         
      units issued in exchange for oil and natural gas properties
    		                    0    0 0 171,550,000 325,189,600,000    
      reduction of deferred underwriting commission associated with redemption of kimbell tiger acquisition corporation equity units
    		                               
      deferred underwriting commissions
    		            0 0 8,050,000                 
      investments in marketable securities
    		           0 0 0 -236,900,000                 
      investment in affiliate
    		                   -479,558 -477,051 0 -1,274,900 0        
      proceeds from equity offering
    		                   0 0 0 73,601,668         
      distribution and accretion on series a preferred units
    		               -437,503 -437,503 -962,503 -962,503 -962,503 -962,503           
      noncash effect of series a preferred unit redemption
    		               6,810,811     0 0 25,847,891         
      payment of underwriting commissions with equity offering of kimbell tiger operating company
    		              -924,229                 
      issuance costs paid on series a preferred units
    		                       0 0 0 -717,612     
      oil and natural gas property acquisition costs in accounts payable
    		                               
      distribution to series a preferred unitholders in accounts payable
    		                           980,855,163    
      non-cash deemed distribution to series a preferred units
    		                4,412,493 615,465 615,465  615,465 615,465 1,151,684  1,544,584 1,544,584 1,544,584 2,696,216,215    
      deposits on oil and natural gas properties
    		                      -9,681,408         
      gain on commodity derivative instruments, net of settlements
    		                               
      proceeds from sale of oil and natural gas properties
    		                           10,566,018,405 0   
      restricted units used for tax withholding
    		                    0   -25,243 0       
      equity (income) loss in affiliate
    		                               
      loss on commodity derivative instruments, net of settlements
    		                        -1,683,804       
      redemption of class b contributions on converted units in accounts payable
    		                        -42,084 180,000 62,084     
      (gain) loss on commodity derivative instruments, net of settlements
    		                     6,902,139 -8,978,861         
      capital expenditures and consideration payable included in accounts payable and other liabilities
    		                         0 35,382     
      cash distribution from equity method investee
    		                      17,961         
      distributions on series a preferred units
    		                      -1,925,000 -1,925,000 -1,925,000 -1,925,000 -1,925,000 -2,630,128,166    
      distributions to class b unitholders
    		                      -24,807 -23,387 -23,414 -29,614 -18,014     
      distribution to class b unitholders in accounts payable
    		                          23,814 18,001,047    
      amortization of tenant improvement allowance
    		                               
      proceeds from initial public offering
    		                               
      benefit from deferred income taxes
    		                               
      equity loss in affiliate
    		                               
      distributions to unitholders
    		                        -18,796,590 -17,356,606 -15,003,898 -38,278,370,215    
      depreciation, depletion and accretion expense
    		                          10,281,008 25,197,548,561 7,607,137 3,431,594 4,455,708 
      unrealized loss on commodity derivative instruments
    		                          5,165,884     
      net income before series a preferred unit distribution and accretion
    		                           -52,229,777,432    
      (gain) loss on commodity derivative instruments
    		                               
      loss on commodity derivative instruments
    		                            2,813,933 469,072 212,458 
      capital expenditures through issuance of common units
    		                               
      distributions to unitholders / members
    		                             -7,070,693 -6,061,123 
      other current assets
    		                               
      cash flow from financing activities
    		                               
      contributions from members
    		                               
      increase in cash and cash equivalents
    		                               
      assets
    		                               
      current assets
    		                               
      cash and cash equivalents
    		                               
      other receivables
    		                               
      total current assets
    		                               
      property and equipment
    		                               
      oil and natural gas properties
    		                               
      less: accumulated depreciation, depletion, accretion and impairment
    		                               
      total oil and natural gas properties
    		                               
      loan origination costs
    		                               
      total assets
    		                               
      liabilities and members’ equity
    		                               
      current liabilities
    		                               
      asset retirement obligation, current portion
    		                               
      total current liabilities
    		                               
      asset retirement obligation, net of current portion
    		                               
      other liabilities
    		                               
      long-term debt
    		                               
      total liabilities
    		                               
      commitments and contingencies
    		                               
      members’ equity
    		                               
      total liabilities and members’ equity
    		                               
    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.