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 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2017-02-08 2017-02-08 
      
    		                                     
      ​
    		                                     
      revenue
    		                                     
      oil, natural gas and ngl revenues
    		76,807,000 74,695,000 89,951,203 69,077,967 71,069,593 76,959,173 87,499,509 83,948,809 69,237,603 56,981,614 57,416,759 64,420,762 73,867,992 78,591,469 65,083,903 52,243,337 47,638,423 38,837,751 36,368,510 25,899,956 24,325,893 16,775,397 25,585,439 -50,334,586 29,531,138 27,913,975 22,833,393 -12,797,313 8,174,195 7,751,998 11,176,303 28,092,615 969,084 12,305,342 4,553,344 4,553,344 4,553,344 
      lease bonus and other income
    		379,000 2,514,000 310,989 1,784,994 3,162,656 659,980 438,796 573,089 2,543,240 2,041,189 437,337 1,034,455 171,702 1,213,322 654,130 306,063 1,722,508 1,104,225 186,308 31,927 15,916 68,609 229,319 -1,592,376 940,898 1,289,044 83,606 -403,777 177,204         
      gain on commodity derivative instruments
    		3,434,000 9,339,000  -4,147,700 9,553,190 -1,046,261 -5,704,361 14,673,707 -4,576,570 1,729,459 9,062,376     -11,479,882.75 -17,566,617 -14,217,186 -14,135,728 -2,644,536 -5,897,646 -4,040,972 10,132,613 -589,436 2,506,815 2,733,582            
      total revenues
    		80,620,000 86,548,000 84,208,766 66,715,261 83,785,439 76,572,892 82,233,944 99,195,605 67,204,273 60,752,262 66,916,472 68,671,036 72,922,972 72,710,664 33,754,513 55,677,022 31,794,314 25,724,790 22,419,090 23,287,347 18,444,163 12,803,034 35,947,371 -52,516,398 32,978,851 31,936,601 17,947,209 -9,660,929 8,351,399 7,751,998 10,891,338       
      costs and expenses
    		                                     
      production and ad valorem taxes
    		5,611,000 5,715,000 5,375,429 3,950,661 4,346,922 5,576,798 6,531,901 5,657,440 4,986,878 5,404,955 4,277,204 2,696,529 4,518,580 5,002,794 4,020,911 2,379,748 3,104,502 2,564,401 2,431,830 1,472,373 1,840,607 1,454,508 1,621,743 -3,305,684 2,236,405 1,924,943 1,596,394 -579,674 778,733 617,681 816,001 2,248,491 120,315 823,787 206,106 206,106 206,106 
      depreciation and depletion expense
    		31,043,000 30,458,000 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 -22,144,217 15,098,107 12,311,443            
      impairment of oil and natural gas properties
    		   56,154,858   5,963,575             92,859,722 22,237,131 65,535,973 70,925,731 16,457,245 34,880,071 28,146,711 2,802,198 13,688,361   54,753,444 1,248,224.25 306,959     
      marketing and other deductions
    		5,052,000 3,016,000 4,501,767 4,124,533 3,607,040 3,827,646 4,562,944 3,386,621 3,508,500 2,907,459 2,762,039 2,743,760 3,068,244 4,063,004 3,508,066 3,205,701 2,996,434 2,551,222 3,295,286 2,683,525 2,511,919 2,049,379 2,131,552 -4,289,198 2,332,010 1,749,040 1,857,043 -1,219,760 424,702 386,681 569,842 1,078,374 320,698 643,807 257,126 257,126 257,126 
      general and administrative expense
    		10,066,000 9,573,000 9,636,743 9,370,935 9,472,117 10,252,123 9,447,881 9,115,751 10,358,674 7,925,159 8,278,267 7,190,410 7,482,814 7,866,176 6,589,259 6,729,676 6,766,628 6,684,830 6,796,385 6,402,190 6,110,846 6,865,149 6,524,311 -9,056,607 5,694,534 6,220,499 5,333,366 -3,458,499 2,314,718 2,181,293 2,770,772 313,000.25 463,501 3,392,375    
      total costs and expenses
    		51,772,000 48,762,000 50,632,034 105,378,384 49,581,119 52,680,501 64,673,107 72,576,322 41,914,215 36,113,901 33,589,384 29,804,050 26,924,063 28,796,434 25,616,859 24,036,577 21,696,081 20,137,217 20,434,649 115,404,497 43,405,448 87,931,490 94,474,020 -104,624,686 60,241,127 50,352,636 21,870,009 -59,959,475 8,007,068 7,317,372 63,365,767 19,576,077 1,630,442 11,527,346 4,209,974 4,209,974 4,209,974 
      operating income
    		28,848,000 37,786,000 33,576,732 -38,663,123 34,204,320 23,892,391 17,560,837 26,619,283 25,290,058 24,638,361 33,327,088 38,866,986 45,998,909 43,914,230 8,137,654 31,640,445 10,098,233 5,587,573 1,984,441 -92,117,150 -24,961,285 -75,128,456 -58,526,649 52,108,288 -27,262,276 -18,416,035 -3,922,800 50,298,546 344,331 434,626 -52,474,429 8,197,709 -661,358 777,996 343,370 343,370 343,370 
      yoy
    		-15.66% 58.15% 91.20% -245.24% 35.25% -3.03% -47.31% -31.51% -45.02% -43.89% 309.54% 22.84% 355.51% 685.93% 310.07% -134.35% -140.46% -107.44% -103.39% -276.78% -8.44% 307.95% 1391.96% 3.60% -8017.46% -4337.21% -92.52% 513.57% -152.06% -44.14% -15382.18% 2287.43% -292.61%     
      qoq
    		-23.65% 12.54% -186.84% -213.04% 43.16% 36.05% -34.03% 5.26% 2.65% -26.07% -14.25% -15.50% 4.75% 439.64% -74.28% 213.33% 80.73% 181.57% -102.15% 269.04% -66.78% 28.37% -212.32% -291.14% 48.04% 369.46% -107.80% 14507.61% -20.78% -100.83% -740.11% -1339.53% -185.01% 126.58% 0.00%   
      operating margin %
    		                                     
      other income
    		  -12,585       -180,765   76,873 898,207 3,068,450 1,247,219 -397,608 -48,816 462,771  -100,000                 
      interest expense
    		-9,782,000 -8,947,000 -6,621,526 -5,955,981 -6,492,127 -6,946,580 -7,301,330 -7,465,417 -6,680,661 -6,341,118 -5,463,404 -3,949,631 -3,667,534 -3,323,290 -2,877,855 -2,489,840 -2,495,465 -2,101,700 -2,095,098 -1,740,154 -1,603,006 -1,665,597 -1,421,304 -5,124,070 1,468,419 1,441,651 1,422,563 -1,885,646 225,302 182,975 350,042 477,356 103,596 243,127 60,152 0.00% 0.00% 
      net income before income taxes
    		19,066,000 28,839,000 26,942,621 -44,619,104 27,712,193 16,945,811 10,259,507 19,153,866 18,609,397 18,706,088 30,302,521 36,136,107 43,620,231 45,097,607 8,679,043 30,797,685 7,466,496 3,710,599 537,194 -94,030,026 -26,371,488 -76,790,050 -59,784,399 55,730,380 -28,811,591 -19,857,686  52,184,192 119,029         
      income tax (benefit) expense
    		-3,257,000           462,589.25 -224,883                         
      net income
    		22,323,000 26,672,000 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 56,341,178 -28,914,588 -20,365,487 -5,345,363 57,001,764 119,029 251,651 -52,824,471 7,733,754 -769,166 534,869 283,218 60,152 60,152 
      yoy
    		-13.50% 75.63% 176.89% -320.21% 39.63% -14.67% -67.69% -49.42% -57.85% -58.89% 243.75% 14.73% 487.22% 1066.77% 1465.03% -132.74% -129.08% -104.83% -100.90% -266.56% -11.20% 277.06% 1018.43% -1.16% -24392.05% -8192.75% -89.88% 637.05% -115.48% -52.95% -18751.52% 2630.67% -371.58%     
      qoq
    		-16.31% 3.17% -165.85% -252.14% 69.92% 62.65% -47.63% -3.53% 3.84% -38.42% -18.01% -19.61% 1.27% 414.96% -72.64% 311.49% 101.22% 590.74% -100.57% 265.47% -66.56% 28.44% -206.11% -294.85% 41.98% 280.99% -109.38% 47788.97% -52.70% -100.48% -783.04% -1105.47% -243.80% 88.85% 0.00%   
      net income margin %
    		                                     
      distribution and accretion on series a preferred units
    		-2,656,000 -24,337,000 -5,202,862 -5,296,282 -5,296,282 -5,243,004 -5,256,287 -5,269,643 -1,040,572       -3,244,037 -4,849,996 -1,577,968 -1,577,968 -1,577,968 -1,577,968 -1,577,968 -3,076,684 -2,602,188 -3,469,584 -3,469,584 -3,469,584 -710,114          
      net income and distributions and accretion on series a preferred units attributable to non-controlling interests
    		-2,641,000 -314,000 -2,773,757 -1,380,637.25 -3,119,340 -1,512,360 -890,849 -2,764,629 -3,839,401                             
      distribution to class b unitholders
    		-14,000 -14,000                                  283,218 283,218 
      net income attributable to common units of kimbell royalty partners, lp
    		17,012,000 2,007,000 17,862,084 -37,793,324 17,375,301 8,410,318 3,168,956 9,772,844 13,580,211 13,467,988 23,320,636 28,392,885 38,343,786 37,861,863 7,330,957                       
      net income per unit attributable to common units of kimbell royalty partners, lp
    		                                   0.00% 0.00% 
      basic
    		190 20 0.2 -0.5 0.22 0.11 0.04 0.13 0.2 0.24 0.37 0.49 0.69 0.66 -0.2                       
      diluted
    		190 20 0.2 -0.5 0.22 0.11 0.04 0.13 0.19 0.23 0.36 0.72 0.59 0.55 -0.2                       
      weighted-average number of common units outstanding
    		                                     
      basic
    		91,170,000 91,170,000 89,682,038 76,240,472 78,977,450 74,834,777 72,112,056 66,595,273 68,540,786 63,274,492 62,541,565 54,112,595 55,434,641 55,424,930 45,942,829 40,400,907 41,106,157 39,312,388 37,693,469 34,530,398 35,423,112 34,650,317 30,528,819 16,336,871 22,399,748 21,727,185 17,971,300 16,336,871 16,337,985 16,332,708 16,345,117  604,137 16,332,708    
      diluted
    		118,213,000 122,924,000 127,947,257 116,048,650 116,414,205 116,593,560 116,539,624 93,057,731 94,969,077 82,959,981 79,757,979 65,837,017 65,543,412 65,543,669 45,942,829 60,957,824 42,619,472 41,124,489 37,693,469 34,530,398 35,423,112 34,650,317 30,528,819 16,455,602 22,399,748 21,727,185 17,971,300 16,455,602 16,503,664 16,422,446 16,345,117  604,137     
      income tax expense
    		 2,167,000 1,089,426 1,147,149 1,906,746 1,759,282 922,568   909,057 1,402,983   1,803,441                        
      loss on commodity derivative instruments
    		  -6,053,426         3,215,819 -1,116,722 -7,094,127 -31,983,520            -4,969,790 -964,747.5   -284,965       
      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 -23,141 -24,807 -17,760.5 -23,414 -23,814 -23,814 -3,238.25          
      consolidated variable interest entities related:
    		                                     
      loss on extinguishment of debt
    		         -480,244                            
      interest earned on marketable securities in trust account
    		         1,069,854 2,438,837 2,208,368 1,188,256 223,135 101,386                       
      equity income in affiliate
    		           -989,616 23,727 3,385,325 249,408 399,861 261,336 273,542 185,080 303,628 292,803 4,003 163,554               
      income tax benefit
    		       610,099.75 128,359                             
      net income attributable to non-controlling interests in opco
    		         -4,297,442 -5,563,418                           
      net income and distributions and accretion on series a preferred units attributable to noncontrolling interests in opco
    		           -2,993,971.5 -5,493,117 -5,424,092                        
      benefit from income taxes
    		              271,799         152,699.5 102,997 507,801  494,279          
      net (income) loss and distributions and accretion on series a preferred units attributable to noncontrolling interests in opco
    		              -1,058,677                       
      net (income) loss and distributions and accretion on series a preferred units attributable to noncontrolling interests
    		               -7,471,449 -761,311 -620,523                    
      net income attributable to common units
    		               19,990,489 1,837,579 1,491,328 -704,375 -62,225,565 -17,795,643 -48,028,651 -39,301,034 33,422,417 -16,261,051 -11,758,374 -3,687,252 56,873,714 119,029         
      ​
    		                                     
      basic
    		               0.49 0.04 0.04 -0.02 -1.72 -0.5 -1.39 -1.29 1.64 -0.73 -0.54 -0.21 3.02 0.01 0.02 -3.23 -2.49 -1.27 0.03    
      diluted
    		               0.45 0.04 0.04 -0.02 -1.72 -0.5 -1.39 -1.29 1.63 -0.73 -0.54 -0.21 3.01 0.01 0.02 -3.23 -2.49 -1.27     
      net income and distributions and accretion on series a preferred units attributable to noncontrolling interests
    		                  357,179 33,212,880 9,482,090 30,362,508 23,584,856 8,349,638.75 16,146,535 12,100,511 5,151,509           
      (benefit from) benefit from income taxes
    		                   -190,329 -694,864                 
      net income attributable to common units
    		               19,990,489 1,837,579 1,491,328 -704,375 -62,225,565 -17,795,643 -48,028,651 -39,301,034 33,422,417 -16,261,051 -11,758,374 -3,687,252 56,873,714 119,029         
      basic
    		               0.49 0.04 0.04 -0.02 -1.72 -0.5 -1.39 -1.29 1.64 -0.73 -0.54 -0.21 3.02 0.01 0.02 -3.23 -2.49 -1.27 0.03    
      diluted
    		               0.45 0.04 0.04 -0.02 -1.72 -0.5 -1.39 -1.29 1.63 -0.73 -0.54 -0.21 3.01 0.01 0.02 -3.23 -2.49 -1.27     
      equity loss in affiliate
    		                       20,224 80,896             
      depreciation, depletion and accretion expense
    		                          10,281,008 51,902 4,488,915 4,131,717 4,455,708 14,302,318 418,969 6,667,377    
      net income before series a preferred unit distribution and accretion
    		                           54,161,308 119,029         
      net income attributable to noncontrolling interests
    		                           -35,250.75          
      net income attributable to kimbell royalty partners lp
    		                           56,860,761 119,029         
      income before income taxes
    		                               7,720,353 -764,954 534,869 283,218   
      state income taxes
    		                               3,350.25 4,212     
      net income attributable to common units
    		               19,990,489 1,837,579 1,491,328 -704,375 -62,225,565 -17,795,643 -48,028,651 -39,301,034 33,422,417 -16,261,051 -11,758,374 -3,687,252 56,873,714 119,029         
      basic
    		               0.49 0.04 0.04 -0.02 -1.72 -0.5 -1.39 -1.29 1.64 -0.73 -0.54 -0.21 3.02 0.01 0.02 -3.23 -2.49 -1.27 0.03    
      weighted-average number of common units outstanding
    		                                     
      basic
    		91,170,000 91,170,000 89,682,038 76,240,472 78,977,450 74,834,777 72,112,056 66,595,273 68,540,786 63,274,492 62,541,565 54,112,595 55,434,641 55,424,930 45,942,829 40,400,907 41,106,157 39,312,388 37,693,469 34,530,398 35,423,112 34,650,317 30,528,819 16,336,871 22,399,748 21,727,185 17,971,300 16,336,871 16,337,985 16,332,708 16,345,117  604,137 16,332,708    
      diluted
    		                                 0.03  283,218 283,218 
      diluted
    		                                 16,389,814    
      depreciation, depletion and accretion expenses
    		                                  2,535,660   
      general and administrative expenses
    		                                  1,211,082   
      net income attributable to common units:
    		                                     
      basic and diluted
    		                                  0.02   
      weighted-average number of common units outstanding
    		                                     
      basic and diluted
    		                                  16,332,708   
      
    		                                   2,535,660 2,535,660 
    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.