Kimbell Royalty Partners, LP(NYSE:KRP)

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 February 26, 2021, the company owned mineral and royalty interests in approximately 13 million gross acres and overriding royalt...
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At a glance:
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Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 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 | 2016-12-31 |
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revenue | |||||||||||||||||||||||||||||||||||||||
oil, natural gas and ngl revenues | 82,885,000 | 76,020,000 | 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 | 27,201,940 | 29,531,138 | 27,913,975 | 22,833,393 | 22,971,879 | 8,174,195 | 7,751,998 | 11,176,303 | 28,092,615 | 969,084 | 12,305,342 | 4,553,344 | ||
lease bonus and other income | 1,337,000 | 1,062,000 | 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 | 163,597 | 940,898 | 1,289,044 | 83,606 | 88,601 | 177,204 | ||||||||
loss on commodity derivative instruments | -18,678,000 | -6,053,426 | 3,215,819 | -1,116,722 | -7,094,127 | -31,983,520 | -4,969,790 | -964,747.5 | -284,965 | ||||||||||||||||||||||||||||||
total revenues | 65,544,000 | 82,453,000 | 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 | 25,362,609 | 32,978,851 | 31,936,601 | 17,947,209 | 30,251,018 | 8,351,399 | 7,751,998 | 10,891,338 | ||||||
yoy | -22.16% | 23.59% | -3.78% | 13.03% | 2.40% | -32.74% | 24.67% | 26.04% | 22.89% | 44.45% | -7.84% | -16.45% | 98.24% | 23.34% | 129.36% | 182.65% | 50.56% | 139.09% | 72.38% | 100.93% | -37.63% | -8.18% | -44.07% | -59.91% | 100.30% | -16.16% | 294.89% | 311.98% | 64.78% | ||||||||||
qoq | -20.51% | 2.27% | -6.85% | 2.78% | 26.22% | -20.37% | 9.42% | -6.88% | -17.10% | 47.60% | 10.62% | -9.21% | -2.56% | -5.83% | 0.29% | 115.41% | -39.37% | 75.12% | 23.59% | 14.75% | -3.73% | 26.26% | 44.06% | -64.38% | 41.73% | -23.09% | 3.26% | 77.95% | -40.67% | 262.23% | 7.73% | -28.82% | |||||||
costs and expenses | |||||||||||||||||||||||||||||||||||||||
production and ad valorem taxes | 5,889,000 | 3,739,000 | 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 | 1,962,207 | 2,236,405 | 1,924,943 | 1,596,394 | 1,367,935 | 778,733 | 617,681 | 816,001 | 2,248,491 | 120,315 | 823,787 | 206,106 | ||
depreciation and depletion expense | 29,299,000 | 31,935,000 | 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 | 14,427,809 | 15,098,107 | 12,311,443 | |||||||||||
marketing and other deductions | 5,168,000 | 3,780,000 | 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 | 2,207,304 | 2,332,010 | 1,749,040 | 1,857,043 | 1,783,658 | 424,702 | 386,681 | 569,842 | 1,078,374 | 320,698 | 643,807 | 257,126 | ||
general and administrative expense | 9,389,000 | 10,381,000 | 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 | 5,418,202 | 5,694,534 | 6,220,499 | 5,333,366 | 5,197,037 | 2,314,718 | 2,181,293 | 2,770,772 | 6,939,791 | 463,501 | 3,392,375 | |||
total costs and expenses | 49,745,000 | 49,835,000 | 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 | 127,336,797 | 60,241,127 | 50,352,636 | 21,870,009 | 30,625,291 | 8,007,068 | 7,317,372 | 63,365,767 | 19,576,077 | 1,630,442 | 11,527,346 | 4,209,974 | ||
operating income | 15,799,000 | 32,618,000 | 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 | -101,974,188 | -27,262,276 | -18,416,035 | -3,922,800 | -374,273 | 344,331 | 434,626 | -52,474,429 | 8,197,709 | -661,358 | 777,996 | 343,370 | ||
yoy | -52.95% | -184.36% | -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% | -9.67% | -8.44% | 307.95% | 1391.96% | 27145.94% | -8017.46% | -4337.21% | -92.52% | -104.57% | -152.06% | -44.14% | -15382.18% | ||||||
qoq | -51.56% | 13.07% | -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% | -42.61% | 274.05% | 48.04% | 369.46% | 948.11% | -208.70% | -20.78% | -100.83% | -740.11% | -1339.53% | -185.01% | 126.58% | |||
operating margin % | 24.10% | 39.56% | 35.78% | 43.66% | 39.87% | -57.95% | 40.82% | 31.20% | 21.35% | 26.84% | 37.63% | 40.56% | 49.80% | 56.60% | 63.08% | 60.40% | 24.11% | 56.83% | 31.76% | 21.72% | 8.85% | -395.57% | -135.33% | -586.80% | -162.81% | -402.07% | -82.67% | -57.66% | -21.86% | -1.24% | 4.12% | 5.61% | -481.80% | Infinity% | -Infinity% | Infinity% | Infinity% | ||
other expense | -12,585 | -100,000 | |||||||||||||||||||||||||||||||||||||
interest expense | -8,154,000 | -9,119,000 | -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 | -10,146,335 | 1,468,419 | 1,441,651 | 1,422,563 | 1,414,817 | 225,302 | 182,975 | 350,042 | 477,356 | 103,596 | 243,127 | 60,152 | ||
net income before income taxes | 7,645,000 | 23,499,000 | 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 | -103,293,880 | -28,811,591 | -19,857,686 | -1,789,090 | 119,029 | |||||||||||||
income tax expense | 703,000 | -3,257,000 | 2,167,000 | 1,089,426 | -5,359,925 | 1,906,746 | 1,759,282 | 922,568 | 1,325,903 | 128,359 | 909,057 | 1,402,983 | 888,345 | -224,883 | 1,803,441 | ||||||||||||||||||||||||
net income | 6,942,000 | 24,803,000 | 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 | -103,582,507 | -28,914,588 | -20,365,487 | -5,345,363 | -3,306,239 | 119,029 | 251,651 | -52,824,471 | 7,733,754 | -769,166 | 534,869 | 283,218 | ||
yoy | -73.15% | -163.18% | -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% | -9.41% | -11.20% | 277.06% | 1018.43% | 3032.94% | -24392.05% | -8192.75% | -89.88% | -142.75% | -115.48% | -52.95% | -18751.52% | ||||||
qoq | -72.01% | 11.11% | -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% | -42.28% | 258.24% | 41.98% | 280.99% | 61.68% | -2877.68% | -52.70% | -100.48% | -783.04% | -1105.47% | -243.80% | 88.85% | |||
net income margin % | 10.59% | 30.08% | 27.69% | 30.82% | 30.70% | -58.85% | 30.80% | 19.83% | 11.35% | 17.97% | 27.50% | 29.29% | 43.19% | 51.33% | 60.13% | 59.54% | 24.91% | 55.18% | 23.48% | 14.42% | 2.40% | -402.96% | -139.21% | -599.78% | -166.31% | -408.41% | -87.68% | -63.77% | -29.78% | -10.93% | 1.43% | 3.25% | -485.01% | Infinity% | -Infinity% | Infinity% | Infinity% | ||
distribution and accretion on series a preferred units | -2,599,000 | -2,656,000 | -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 | -3,469,584 | -3,469,584 | -3,469,584 | -3,469,584 | -3,469,584 | |||||||||||||||
net income and distributions and accretion on series a preferred units attributable to non-controlling interests | -366,000 | -1,432,250 | -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 | -9,000 | -16,000 | -14,000 | -14,000 | |||||||||||||||||||||||||||||||||||
net income attributable to common units of kimbell royalty partners, lp | 3,968,000 | 19,156,000 | 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 | |||||||||||||||||||||||||||||||||||||||
basic | 40 | 210 | 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 | |||||||||||||||||||||||
diluted | 40 | 210 | 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 | |||||||||||||||||||||||
weighted-average number of common units outstanding | |||||||||||||||||||||||||||||||||||||||
basic | 93,126,000 | 90,803,000 | 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 | 21,192,714 | 22,399,748 | 21,727,185 | 17,971,300 | 18,442,234 | 16,337,985 | 16,332,708 | 16,345,117 | 16,336,871 | 604,137 | 16,332,708 | |||
diluted | 119,085,000 | 121,307,000 | 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 | 21,192,714 | 22,399,748 | 21,727,185 | 17,971,300 | 18,442,234 | 16,503,664 | 16,422,446 | 16,345,117 | 16,455,602 | 604,137 | ||||
gain on commodity derivative instruments | 5,371,000 | 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 | -2,002,928 | 2,506,815 | 2,733,582 | |||||||||||||||||
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 | 103,321,275 | 34,880,071 | 28,146,711 | 2,802,198 | 12,558,057 | 54,753,444 | 1,248,224.25 | 306,959 | |||||||||||||||||||||||||
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 | -23,387 | -23,414 | -23,814 | -23,814 | -18,014 | |||||||||||||
consolidated variable interest entities related: | |||||||||||||||||||||||||||||||||||||||
other income | -180,765 | 76,873 | 898,207 | 3,068,450 | 1,247,219 | -397,608 | -48,816 | 462,771 | |||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||
provision for income taxes | 271,799 | -190,329 | -694,864 | 288,627 | 102,997 | 507,801 | -1,952,435 | ||||||||||||||||||||||||||||||||
net loss and distributions and accretion on series a preferred units attributable to noncontrolling interests in opco | -1,058,677 | ||||||||||||||||||||||||||||||||||||||
net loss per unit attributable to common units of kimbell royalty partners, lp | |||||||||||||||||||||||||||||||||||||||
basic | -0.2 | ||||||||||||||||||||||||||||||||||||||
diluted | -0.2 | ||||||||||||||||||||||||||||||||||||||
benefit from income taxes | |||||||||||||||||||||||||||||||||||||||
net loss and distributions and accretion on series a preferred units attributable to noncontrolling interests | -7,471,449 | -761,311 | -620,523 | 357,179 | 33,212,880 | 9,482,090 | 30,362,508 | 23,584,856 | 55,749,873 | 16,146,535 | 12,100,511 | 5,151,509 | |||||||||||||||||||||||||||
net income attributable to common units | 19,990,489 | 1,837,579 | 1,491,328 | -11,758,374 | -1,609,575 | 119,029 | |||||||||||||||||||||||||||||||||
basic | 0.49 | 0.04 | 0.04 | -0.54 | -0.17 | 0.01 | 0.02 | -3.23 | 10.07 | -1.27 | 0.03 | ||||||||||||||||||||||||||||
diluted | 0.45 | 0.04 | 0.04 | -0.54 | -0.17 | 0.01 | 0.02 | -3.23 | 10.06 | -1.27 | |||||||||||||||||||||||||||||
net loss attributable to common units | -704,375 | -62,225,565 | -17,795,643 | -48,028,651 | -39,301,034 | -7,926,669.25 | -16,261,051 | -3,687,252 | |||||||||||||||||||||||||||||||
basic | -0.02 | -1.72 | -0.5 | -1.39 | -1.29 | -0.383 | -0.73 | -0.21 | |||||||||||||||||||||||||||||||
diluted | -0.02 | -1.72 | -0.5 | -1.39 | -1.29 | -0.383 | -0.73 | -0.21 | |||||||||||||||||||||||||||||||
net loss before income taxes | -94,030,026 | -26,371,488 | -76,790,050 | -59,784,399 | |||||||||||||||||||||||||||||||||||
equity loss in affiliate | 20,224 | 80,896 | |||||||||||||||||||||||||||||||||||||
depreciation, depletion and accretion expense | 10,281,008 | 9,718,604 | 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 | 163,345 | 119,029 | |||||||||||||||||||||||||||||||||||||
net loss attributable to noncontrolling interests | -1,714,678 | ||||||||||||||||||||||||||||||||||||||
net income attributable to kimbell royalty partners lp | -1,591,561 | 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 | -11,758,374 | -1,609,575 | 119,029 | |||||||||||||||||||||||||||||||||
basic | 0.49 | 0.04 | 0.04 | -0.54 | -0.17 | 0.01 | 0.02 | -3.23 | 10.07 | -1.27 | 0.03 | ||||||||||||||||||||||||||||
weighted-average number of common units outstanding | |||||||||||||||||||||||||||||||||||||||
basic | 93,126,000 | 90,803,000 | 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 | 21,192,714 | 22,399,748 | 21,727,185 | 17,971,300 | 18,442,234 | 16,337,985 | 16,332,708 | 16,345,117 | 16,336,871 | 604,137 | 16,332,708 | |||
diluted | 0.03 | ||||||||||||||||||||||||||||||||||||||
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 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 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 | 37,161,000 | 43,977,000 | 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 | 45,528,000 | 36,582,000 | 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 | 6,504,000 | 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 | 1,992,000 | 1,420,000 | 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 | 84,681,000 | 88,483,000 | 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 | 606,000 | 629,000 | 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 | 2,271,470,000 | 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 | -1,177,421,000 | -1,148,157,000 | -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 | 1,094,049,000 | 1,123,313,000 | 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 | 4,516,000 | 4,606,000 | 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 | 9,493,000 | 9,722,000 | 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 | 1,193,740,000 | 1,229,340,000 | 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 | 2,872,000 | 3,144,000 | 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 | 6,617,000 | 7,097,000 | 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 | 7,060,000 | 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 | 16,549,000 | 10,241,000 | 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 | 4,326,000 | 4,411,000 | 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 | 440,900,000 | 441,500,000 | 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 | |
total liabilities | 464,866,000 | 456,180,000 | 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 | 158,987,000 | 158,793,000 | 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 | 521,417,000 | 531,121,000 | 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 | 456,000 | 724,000 | 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 | 521,873,000 | 531,845,000 | 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 | 48,014,000 | 82,522,000 | 84,061,000 | 86,370,000 | 92,314,174 | 83,270,826 | 95,432,301 | 33,898,391 | |||||||||||||||||||||||||
total unitholders' equity | 569,887,000 | 614,367,000 | 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 | 1,193,740,000 | 1,229,340,000 | 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 | ||
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 | |||||||||||||||||
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 | ||||||||||||||||||||||||||||||
| 2,023 | ||||||||||||||||||||||||||||||||
revenue | |||||||||||||||||||||||||||||||||
oil, natural gas and ngl revenues | 69,237,603 | 11,246,287 | |||||||||||||||||||||||||||||||
lease bonus and other income | 2,543,240 | ||||||||||||||||||||||||||||||||
gain on commodity derivative instruments | -4,576,570 | ||||||||||||||||||||||||||||||||
total revenues | 67,204,273 | 10,707,898 | |||||||||||||||||||||||||||||||
costs and expenses | |||||||||||||||||||||||||||||||||
production and ad valorem taxes | 4,986,878 | 805,396 | |||||||||||||||||||||||||||||||
depreciation and depletion expense | 23,060,163 | ||||||||||||||||||||||||||||||||
marketing and other deductions | 3,508,500 | 609,033 | |||||||||||||||||||||||||||||||
general and administrative expense | 10,358,674 | 4,000,022 | |||||||||||||||||||||||||||||||
consolidated variable interest entities related: | |||||||||||||||||||||||||||||||||
total costs and expenses | 41,914,215 | 8,846,045 | |||||||||||||||||||||||||||||||
operating income | 25,290,058 | 1,861,853 | |||||||||||||||||||||||||||||||
other income | |||||||||||||||||||||||||||||||||
equity income in affiliate | |||||||||||||||||||||||||||||||||
interest expense | -6,680,661 | 483,558 | |||||||||||||||||||||||||||||||
loss on extinguishment of debt | |||||||||||||||||||||||||||||||||
interest earned on marketable securities in trust account | |||||||||||||||||||||||||||||||||
net income before income taxes | 18,609,397 | ||||||||||||||||||||||||||||||||
income tax benefit | 128,359 | ||||||||||||||||||||||||||||||||
net income | 18,481,038 | 1,378,295 | -84,000 | ||||||||||||||||||||||||||||||
distribution and accretion on series a preferred units | -1,040,572 | ||||||||||||||||||||||||||||||||
net income and distributions and accretion on series a preferred units attributable to non-controlling interests | -3,839,401 | ||||||||||||||||||||||||||||||||
distribution on class b units | -20,854 | ||||||||||||||||||||||||||||||||
net income attributable to common units of kimbell royalty partners, lp | 13,580,211 | ||||||||||||||||||||||||||||||||
net income per unit attributable to common units of kimbell royalty partners, lp | |||||||||||||||||||||||||||||||||
basic | 0.2 | 0.08 | |||||||||||||||||||||||||||||||
diluted | 0.19 | 0.08 | |||||||||||||||||||||||||||||||
weighted-average number of common units outstanding | |||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||
operating lease liabilities | 3,436,847 | 615,516 | 592,707 | ||||||||||||||||||||||||||||||
less: accumulated depreciation, depletion, accretion and impairment | -120,853,090 | -107,779,453 | -85,533,043 | -77,946,337 | |||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||
loss on commodity derivative instruments | -538,389 | ||||||||||||||||||||||||||||||||
depreciation, depletion and accretion expense | 3,431,594 | ||||||||||||||||||||||||||||||||
impairment of oil and natural gas properties | |||||||||||||||||||||||||||||||||
net income attributable to common units | |||||||||||||||||||||||||||||||||
partners’ capital | |||||||||||||||||||||||||||||||||
general partners’ capital | |||||||||||||||||||||||||||||||||
total partners’ capital | 234,000 | ||||||||||||||||||||||||||||||||
general and administrative expenses | 84,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities | |||||||||||||||||||||||||||||||||||||
net income | 6,942,000 | 24,803,000 | 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 | 30,723,585 | 7,466,496 | 3,710,599 | 537,194 | 1,378,295 | -52,824,471 | 1,061,842 | 119,029 | 251,651 | 283,218 | ||||||||||||
adjustments to reconcile net income to net cash from operating activities: | |||||||||||||||||||||||||||||||||||||
depreciation and depletion expense | 29,299,000 | 31,935,000 | 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 | ||||||||||
amortization of right-of-use assets | 90,000 | 89,000 | 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 | 499,000 | 612,000 | 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 | 257,726 | 177,026 | 15,625 | 15,625 | 15,625 | 15,625 | 15,625 | 10,417 |
unit-based compensation | 4,081,000 | 4,169,000 | 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 | 4,207,266 | 936,567 | 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 | 1,027,252 | 751,074 | 723,039 | 668,934 | 228,524 | 434,197 | ||
forfeiture of restricted units | 0 | 0 | -193 | -56,807 | 0 | 0 | -9,075 | -12,614 | |||||||||||||||||||||||||||||
loss on derivative instruments, net of settlements | 18,819,000 | -3,899,000 | -1,793,000 | -8,523,979 | 6,988,979 | 6,743,981 | -7,066,348 | 3,796,313 | 8,737,714 | -2,600,713 | -12,499,601 | -13,029,467 | -13,388,100 | -6,563,998 | 18,680,995 | -14,625,541 | 11,251,770 | 11,043,382 | 12,674,172 | ||||||||||||||||||
changes in operating assets and liabilities: | |||||||||||||||||||||||||||||||||||||
oil, natural gas and ngl receivables | -8,946,000 | 4,672,000 | 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 | 1,740,184 | -8,976,629 | -37,453 | 232,527 | -1,192,723 | -555,908 | 1,716,468 | -1,657,446 |
accounts receivable and other current assets | -572,000 | 1,089,000 | -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 | 376,215 | -200,125 | 144,931 | -134,899 | ||||
accounts payable | -219,000 | -1,358,000 | 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 | -186,679 | -31,734 | 825,555 | 378,794 | 163,917 | -228,080 | -284,210 | 664,859 |
other current liabilities | -479,000 | -4,805,000 | -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 | -1,525,908 | 1,786,289 | -55,904 | -464,031 | -400,172 | 1,178,835 | -183,512 | 1,151,511 |
operating lease liabilities | -84,000 | -82,000 | -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 | 49,430,000 | 57,225,000 | 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 | 14,610,910 | 4,403,227 | 6,894,754 | 7,294,089 | 4,608,003 | 5,387,438 | 5,865,847 | 2,712,193 |
capital expenditures | -13,000 | -74,000 | -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 | -7,219 | -365,176 | -24,045 | -7,259 | -4,340 | -36,378 | -13,399 | -7,815 |
free cash flows | 49,417,000 | 57,151,000 | 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 | 14,603,691 | 4,038,051 | 6,870,709 | 7,286,830 | 4,603,663 | 5,351,060 | 5,852,448 | 2,704,378 |
cash flows from investing activities | |||||||||||||||||||||||||||||||||||||
purchases of property and equipment | -13,000 | -74,000 | -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 | -7,219 | -365,176 | -24,045 | -7,259 | -4,340 | -36,378 | -13,399 | -7,815 |
proceeds from sale of property and equipment | 0 | -1,000 | 585 | 12,415 | |||||||||||||||||||||||||||||||||
purchase of oil and natural gas properties | 0 | -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 | -526,168 | -210,557,305 | -2,907 | -14,678 | -12,665,112 | -3,141 | -16,925,523 | -96,255,000 | |
net cash from investing activities | -13,000 | -74,000 | -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 | -533,387 | -189,917,481 | -10,455,357 | -21,937 | -8,720,452 | -3,988,519 | -14,561,422 | -98,640,315 |
cash flows from financing activities | |||||||||||||||||||||||||||||||||||||
common units repurchased under buyback program | -7,310,000 | ||||||||||||||||||||||||||||||||||||
proceeds from equity offering, net of issuance costs | 0 | 0 | 919 | 163,574,081 | 0 | ||||||||||||||||||||||||||||||||
redemption of class b contributions on converted units | -268,000 | 0 | 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 | |||||||||||||||
distribution to common unitholders | -36,871,000 | -32,689,000 | -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 | -3,261,000 | -5,072,000 | -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 | -2,458,000 | -2,457,000 | -2,431,000 | ||||||||||||||||||||||||||||||||||
distribution to class b unitholders | -9,000 | -16,000 | -14,000 | ||||||||||||||||||||||||||||||||||
borrowings on long-term debt | 12,800,000 | 441,500,000 | 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 | 0 | 105,336,547 | 8,629,503 | 3,949,000 | 14,387,590 | 3,877,500 | |||||
repayments on long-term debt | -13,400,000 | -448,496,000 | -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 | -61,000,000 | 0 | ||||||||||
payment of loan origination costs | -271,000 | -5,947,000 | -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 | 0 | 0 | 0 | 0 | -312,500 | ||||||||||||
restricted units repurchased for tax withholding | -5,185,000 | 0 | 0 | -61 | -5,080,939 | 0 | 0 | 0 | -4,914,149 | 0 | 0 | 0 | -4,851,962 | 0 | 0 | -3,259,468 | -85,360 | -920,429 | 0 | -220,677 | -923,587 | ||||||||||||||||
net cash from financing activities | -56,233,000 | -53,177,000 | -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 | -14,831,503 | 193,707,589 | 5,058,711 | -6,061,123 | 3,511,465 | -999,810 | 10,631,067 | 99,820,000 |
net increase in cash and cash equivalents | -6,816,000 | 3,974,000 | 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 | -753,980 | 8,193,335 | 1,498,108 | 1,211,029 | -600,984 | ||||||
cash and cash equivalents, beginning of period | 43,977,000 | 0 | 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 | 0 | 0 | 0 | 5,625,495 | ||||
cash and cash equivalents, end of period | 37,161,000 | 3,974,000 | 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 | -753,980 | 8,193,335 | 1,498,108 | 6,836,524 | -600,984 | 399,109 | 1,935,492 | 3,891,878 |
supplemental cash flow information: | |||||||||||||||||||||||||||||||||||||
cash paid for interest | 7,682,000 | 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 | 1,064,502 | 1,243,398 | 502,811 | 474,676 | 178,982 | 166,707 | 105,625 | 3,914 | |||||||||
cash paid for taxes | 37,000 | 0 | 1,024,000 | ||||||||||||||||||||||||||||||||||
non-cash investing and financing activities: | |||||||||||||||||||||||||||||||||||||
deemed distribution to series a preferred units | 194,000 | 198,000 | 278,357 | 394,643 | |||||||||||||||||||||||||||||||||
distribution on series a preferred units in accounts payable | 2,404,000 | 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 | ||||||||||||||||||||||||||||||
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 | 12,558,057 | 0 | 0 | 54,753,444 | |||||||||||||||||||||
loss on extinguishment of debt | 0 | 0 | |||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||
proceeds from the issuance of series a preferred units, net of issuance costs | 0 | 0 | |||||||||||||||||||||||||||||||||||
contributions from class b unitholders | 0 | 0 | 0 | 0 | 0 | 470,000 | 325,000 | ||||||||||||||||||||||||||||||
redemption of series a preferred units | 0 | 0 | |||||||||||||||||||||||||||||||||||
redemption of kimbell tiger acquisition corporation equity units | 0 | 0 | |||||||||||||||||||||||||||||||||||
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 | -17,610 | -17,610 | -20,780 | -20,780 | -20,780 | -23,141 | ||||||||||||||||||||
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 | |||||||||||||||||||||||||||
investment in marketable securities | |||||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||
gain on derivative instruments, net of settlements | |||||||||||||||||||||||||||||||||||||
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 | 90,025,000 | ||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||
balance at january 1, 2021 | 38,918,689 | ||||||||||||||||||||||||||||||||||||
distributions to unitholders | -18,796,590 | -17,356,606 | -15,003,898 | -13,630,258 | -4,948,810 | ||||||||||||||||||||||||||||||||
balance at march 31, 2021 | 39,769,896 | ||||||||||||||||||||||||||||||||||||
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 | 0 | ||||||||||||||||||||||||||||||||||||
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 | 1,544,584 | |||||||||||||||||||||||||||
deposits on oil and natural gas properties | -9,681,408 | -2,377,500 | |||||||||||||||||||||||||||||||||||
net loss | -93,839,697 | -25,676,624 | -76,790,050 | -59,784,399 | -28,914,588 | -20,365,487 | -5,345,363 | ||||||||||||||||||||||||||||||
adjustments to reconcile net loss to net cash from operating activities: | |||||||||||||||||||||||||||||||||||||
loss on commodity derivative instruments, net of settlements | 2,588,988 | 6,573,098 | 6,902,139 | -8,978,861 | 2,545,190 | -1,683,804 | |||||||||||||||||||||||||||||||
proceeds from sale of oil and natural gas properties | 0 | 0 | |||||||||||||||||||||||||||||||||||
restricted units used for tax withholding | 0 | -25,243 | 0 | ||||||||||||||||||||||||||||||||||
equity loss in affiliate | |||||||||||||||||||||||||||||||||||||
redemption of class b contributions on converted units in accounts payable | -42,084 | 180,000 | 62,084 | ||||||||||||||||||||||||||||||||||
capital expenditures and consideration payable included in accounts payable and other liabilities | 0 | 35,382 | -51,132 | 67,700 | |||||||||||||||||||||||||||||||||
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 | -1,925,000 | |||||||||||||||||||||||||||||||
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 | 5,061 | |||||||||||||||||||||||||||||||||||
amortization of tenant improvement allowance | |||||||||||||||||||||||||||||||||||||
proceeds from initial public offering | 0 | 0 | 0 | 96,255,000 | |||||||||||||||||||||||||||||||||
provision for deferred income taxes | |||||||||||||||||||||||||||||||||||||
depreciation, depletion and accretion expense | 10,281,008 | 9,718,604 | 7,607,137 | 3,431,594 | 4,455,708 | 4,390,049 | 4,488,915 | ||||||||||||||||||||||||||||||
unrealized loss on commodity derivative instruments | 5,165,884 | ||||||||||||||||||||||||||||||||||||
net income before series a preferred unit distribution and accretion | 163,345 | ||||||||||||||||||||||||||||||||||||
loss on commodity derivative instruments | -8,042,238 | 2,813,933 | 469,072 | 212,458 | |||||||||||||||||||||||||||||||||
capital expenditures through issuance of common units | 0 | 0 | 176,404,698 | ||||||||||||||||||||||||||||||||||
distributions to unitholders / members | -7,070,693 | -6,061,123 | |||||||||||||||||||||||||||||||||||
capital expenditures through tenant improvement allowance | |||||||||||||||||||||||||||||||||||||
other current assets | |||||||||||||||||||||||||||||||||||||
prepaid expenses | 82,416 | -276,026 | |||||||||||||||||||||||||||||||||||
other receivables | |||||||||||||||||||||||||||||||||||||
increase in cash and cash equivalents | 1,935,492 | 3,891,878 | |||||||||||||||||||||||||||||||||||
depreciation, depletion and accretion expenses | 2,535,660 | ||||||||||||||||||||||||||||||||||||
noncash investing and financing activities: | |||||||||||||||||||||||||||||||||||||
cash flow from financing activities | |||||||||||||||||||||||||||||||||||||
distributions to members |
