NYSE : KRP
Kimbell Royalty Partners, LP — Financial statements
Energy · Oil & Gas Exploration & Production · United States
Last price 16.88 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 2.10B
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Financial statements
Kimbell Royalty Partners, LP (KRP) reported revenue of 344.86M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 338.76M | 317.47M | 304.61M | 267.59M | 281.96M | 175.09M |
| Other Revenue | 6.10M | 4.27M | 6.05M | 5.59M | 3.07M | 3.32M |
| Revenue | 344.86M | 321.74M | 310.65M | 273.18M | 285.04M | 178.41M |
| Cost of Revenue | 23.45M | 20.44M | 20.41M | 20.33M | 16.24M | 10.48M |
| Gross Profit | 321.41M | 301.30M | 290.25M | 252.85M | 268.80M | 167.93M |
| Selling, General & Admin | 58.22M | 56.01M | 54.66M | 49.17M | 44.82M | 39.03M |
| Other Operating Expenses | 3.76M | -12.09M | 1.34M | -20.89M | 36.98M | 42.79M |
| Operating Expenses | 184.46M | 168.47M | 191.13M | 124.76M | 131.88M | 118.62M |
| Operating Income | 136.95M | 132.83M | 99.11M | 128.09M | 136.92M | 49.31M |
| Interest Expense | -35.46M | -34.47M | -26.70M | -25.95M | -13.82M | -9.18M |
| Interest & Investment Income | 3.51M | 3.72M | ||||
| Earnings From Equity Investments | 2.67M | 1.12M | ||||
| Other Non Operating Income (Expenses) | -12.00K | -181.00K | 4.04M | 1.26M | ||
| EBT Excluding Unusual Items | 101.49M | 98.35M | 72.42M | 105.47M | 133.53M | 42.51M |
| Asset Writedown | -62.12M | -18.22M | ||||
| Other Unusual Items | -480.00K | |||||
| Pretax Income | 101.49M | 98.35M | 10.30M | 86.77M | 133.53M | 42.51M |
| Income Tax Expense | 120.00K | -1.30M | -771.00K | 3.77M | 2.74M | 74.10K |
| Earnings From Continuing Operations | 101.37M | 99.65M | 11.07M | 83.01M | 130.79M | 42.44M |
| Minority Interest in Earnings | -12.23M | -8.70M | 1.25M | -16.46M | -18.82M | -8.50M |
| Net Income | 89.13M | 90.95M | 12.32M | 66.54M | 111.97M | 33.94M |
| Preferred Dividends & Other Adjustments | 10.59M | 34.91M | 21.16M | 4.83M | 17.45M | 11.33M |
| Net Income to Common | 78.55M | 56.04M | -8.84M | 61.71M | 94.52M | 22.62M |
| Shares Outstanding (Basic) | 92.95M | 90.80M | 76.24M | 66.59M | 54.11M | 40.40M |
| Shares Outstanding (Diluted) | 92.95M | 90.80M | 76.24M | 93.06M | 65.84M | 60.96M |
| EPS (Basic) | 0.85 | 0.62 | -0.12 | 0.93 | 1.75 | 0.56 |
| EPS (Diluted) | 0.85 | 0.62 | -0.12 | 0.91 | 1.72 | 0.51 |
| Free Cash Flow | 193.17M | 22.97M | 250.71M | -316.54M | 25.18M | 35.37M |
| Free Cash Flow Per Share | 2.08 | 0.25 | 3.29 | -3.40 | 0.38 | 0.58 |
| Dividend Per Share | 1.60 | 1.57 | 1.72 | 1.68 | 1.99 | 1.32 |
| Gross Margin | 93.20% | 93.65% | 93.43% | 92.56% | 94.30% | 94.13% |
| Operating Margin | 39.71% | 41.28% | 31.91% | 46.89% | 48.03% | 27.64% |
| Profit Margin | 22.78% | 17.42% | -2.84% | 22.59% | 33.16% | 12.68% |
| Free Cash Flow Margin | 56.02% | 7.14% | 80.70% | -115.87% | 8.83% | 19.82% |
| EBITDA | 259.43M | 257.38M | 234.24M | 224.57M | 187.00M | 86.11M |
| EBITDA Margin | 75.23% | 80.00% | 75.40% | 82.21% | 65.61% | 48.27% |
| D&A For EBITDA | 122.48M | 124.55M | 135.12M | 96.48M | 50.09M | 36.80M |
| EBIT | 136.95M | 132.83M | 99.11M | 128.09M | 136.92M | 49.31M |
| EBIT Margin | 39.71% | 41.28% | 31.90% | 46.89% | 48.03% | 27.64% |
| Effective Tax Rate | 0.12% | 4.34% | 2.05% | 0.17% | ||
| Revenue as Reported | 341.09M | 333.83M | 309.31M | 294.07M | 248.06M | 135.62M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 44.93M | 43.98M | 34.17M | 30.99M | 25.03M | 7.05M |
| Cash & Short-Term Investments | 44.93M | 43.98M | 34.17M | 30.99M | 25.03M | 7.05M |
| Accounts Receivable | 55.57M | 38.00M | 48.70M | 60.72M | 50.56M | 38.20M |
| Receivables | 55.57M | 38.00M | 48.70M | 60.72M | 50.56M | 38.20M |
| Prepaid Expenses | 35.20K | |||||
| Other Current Assets | 292.00K | 6.50M | 2.40M | 11.43M | 166.31K | |
| Total Current Assets | 100.79M | 88.48M | 85.27M | 103.14M | 75.62M | 45.42M |
| Property, Plant & Equipment | 1.22B | 1.13B | 1.03B | 1.22B | 756.75M | 545.53M |
| Long-Term Investments | 4.74M | |||||
| Long-Term Deferred Charges | 9.36M | 9.72M | 5.26M | 7.33M | 3.00M | 4.21M |
| Other Long-Term Assets | 984.00K | 2.59M | 566.00K | 2.89M | 241.38M | 1.59M |
| Total Assets | 1.33B | 1.23B | 1.12B | 1.34B | 1.08B | 601.49M |
| Accounts Payable | 4.05M | 3.14M | 6.50M | 6.59M | 1.21M | 811.02K |
| Current Portion of Leases | 335.00K | 318.00K | ||||
| Other Current Liabilities | 9.41M | 6.78M | 6.24M | 6.38M | 18.07M | 27.51M |
| Total Current Liabilities | 13.80M | 10.24M | 12.75M | 12.98M | 19.28M | 28.32M |
| Long-Term Debt | 478.70M | 441.50M | 239.16M | 294.20M | 233.02M | 217.12M |
| Long-Term Leases | 4.24M | 4.41M | 3.56M | 1.89M | 2.24M | 2.56M |
| Other Long-Term Liabilities | 749.00K | 28.00K | 952.00K | 258.01K | 8.81M | 4.64M |
| Total Liabilities | 497.49M | 456.18M | 256.42M | 309.32M | 263.34M | 252.64M |
| Common Stock | 575.85M | 531.85M | 464.22M | 556.85M | 602.62M | 329.60M |
| Total Common Equity | 575.85M | 531.85M | 464.22M | 556.85M | 602.62M | 329.60M |
| Minority Interest | 93.69M | 82.52M | 83.27M | 157.19M | 210.79M | 19.25M |
| Shareholders' Equity | 828.73M | 773.16M | 863.50M | 1.03B | 813.41M | 348.85M |
| Total Liabilities & Equity | 1.33B | 1.23B | 1.12B | 1.34B | 1.08B | 601.49M |
| Total Debt | 483.27M | 446.23M | 242.72M | 296.09M | 235.25M | 219.68M |
| Net Cash (Debt) | -438.34M | -402.25M | -208.55M | -265.10M | -210.23M | -212.62M |
| Net Cash Per Share | -4.72 | -4.43 | -2.74 | -2.85 | -3.19 | -3.49 |
| Filing Date Shares Outstanding | 100.90M | 93.40M | 92.50M | 73.85M | 64.23M | 47.16M |
| Total Common Shares Outstanding | 98.65M | 93.40M | 80.97M | 73.85M | 64.23M | 47.16M |
| Working Capital | 86.99M | 78.24M | 72.52M | 90.16M | 56.34M | 17.10M |
| Book Value Per Share | 5.84 | 5.69 | 5.73 | 7.54 | 9.38 | 6.99 |
| Tangible Book Value | 575.85M | 531.85M | 464.22M | 556.85M | 602.62M | 329.60M |
| Tangible Book Value Per Share | 5.84 | 5.69 | 5.73 | 7.54 | 9.38 | 6.99 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 89.13M | 90.95M | 12.32M | 66.54M | 111.97M | 33.94M |
| Depreciation & Amortization | 122.84M | 124.90M | 135.47M | 96.81M | 50.41M | 37.10M |
| Other Amortization | 2.25M | 2.36M | 2.13M | 1.94M | 1.87M | 1.56M |
| Asset Writedown & Restructuring Costs | 62.12M | 18.22M | ||||
| Loss (Gain) on Equity Investments | 1.10M | -104.26K | ||||
| Stock-Based Compensation | 16.76M | 16.27M | 16.39M | 13.11M | 11.09M | 10.63M |
| Other Operating Activities | 16.04M | 1.48M | 10.96M | -9.43M | 4.52M | 28.84M |
| Change in Accounts Receivable | -5.62M | 10.70M | 12.03M | -10.16M | -12.36M | -19.67M |
| Change in Accounts Payable | 957.00K | -917.00K | -90.00K | 509.00K | 399.32K | -77.72K |
| Change in Other Net Operating Assets | -4.64M | 736.00K | -402.00K | -3.28M | -2.37M | -770.64K |
| Operating Cash Flow | 237.72M | 246.46M | 250.92M | 174.27M | 166.64M | 91.44M |
| Capital Expenditures | -44.55M | -223.49M | -210.00K | -490.81M | -141.46M | -56.07M |
| Sale of Property, Plant & Equipment | -1.00K | 12.00K | ||||
| Investment in Securities | -233.26M | 500.39K | ||||
| Other Investing Activities | 244.13M | |||||
| Investing Cash Flow | -44.55M | -223.48M | -210.00K | -246.68M | -374.72M | -55.57M |
| Long-Term Debt Issued | 695.64M | 4.96M | 201.08M | 199.20M | 136.57M | |
| Long-Term Debt Repaid | -493.30M | -60.00M | -139.90M | -183.30M | -91.00M | |
| Net Debt Issued (Repaid) | 16.60M | 202.34M | -55.04M | 61.18M | 15.90M | 45.57M |
| Issuance of Common Stock | 346.00K | 163.57M | 110.98M | 344.07M | 57.52M | |
| Repurchase of Common Stock | -20.12M | -5.08M | -5.23M | -248.02M | -3.81M | -2.22M |
| Preferred Dividends Paid | -9.75M | -14.60M | -19.51M | -962.00K | -2.80M | |
| Common Dividends Paid | -145.55M | -149.49M | -135.95M | -120.46M | -107.44M | -47.39M |
| Dividends Paid | -155.30M | -164.09M | -155.47M | -121.42M | -107.44M | -50.19M |
| Other Financing Activities | -24.30M | -30.00M | -31.80M | -38.30M | -22.65M | -22.22M |
| Financing Cash Flow | -182.77M | -13.17M | -247.53M | 78.38M | 226.06M | -38.62M |
| Net Cash Flow | 10.41M | 9.81M | 3.17M | 5.97M | 17.97M | -2.75M |
| Free Cash Flow | 193.17M | 22.97M | 250.71M | -316.54M | 25.18M | 35.37M |
| Free Cash Flow Margin | 56.02% | 7.14% | 80.70% | -115.87% | 8.83% | 19.82% |
| Free Cash Flow Per Share | 2.08 | 0.25 | 3.29 | -3.40 | 0.38 | 0.58 |
| Levered Free Cash Flow | 156.18M | -14.72M | 219.85M | -342.96M | -22.43M | 18.01M |
| Unlevered Free Cash Flow | 176.09M | 4.46M | 234.41M | -328.68M | -15.66M | 22.19M |
| Cash Interest Paid | 36.08M | 31.91M | 25.28M | 23.73M | 11.21M | 7.54M |
| Cash Income Tax Paid | 603.00K | -3.93M | 2.28M | 3.08M | ||
| Change in Working Capital | -9.30M | 10.51M | 11.53M | -12.94M | -14.33M | -20.52M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.03B | 1.10B | 1.31B | 1.11B | 1.06B | 636.06M |
| Enterprise Value | 2.47B | 1.75B | 1.94B | 1.75B | 1.34B | 859.57M |
| Last Close Price | 16.37 | 10.81 | 13.28 | 11.03 | 10.95 | 7.99 |
| PE Ratio | 19.37 | 19.60 | 18.01 | 11.19 | 28.13 | |
| Forward PE | 13.91 | 19.18 | 18.41 | 10.68 | 10.26 | 16.29 |
| PS Ratio | 5.90 | 3.41 | 4.23 | 4.07 | 3.71 | 3.56 |
| PB Ratio | 2.80 | 1.42 | 1.52 | 1.08 | 1.30 | 1.82 |
| P/TBV Ratio | 3.53 | 2.06 | 2.83 | 2.00 | 1.75 | 1.93 |
| P/FCF Ratio | 10.53 | 47.82 | 5.24 | 42.01 | 17.98 | |
| P/OCF Ratio | 8.55 | 4.46 | 5.24 | 6.38 | 6.35 | 6.96 |
| PEG Ratio | 5.92 | 1.55 | 3.63 | 3.63 | 3.63 | |
| EV/Sales Ratio | 7.17 | 5.45 | 6.26 | 6.40 | 4.68 | 4.82 |
| EV/EBITDA Ratio | 9.53 | 6.82 | 8.30 | 7.79 | 7.14 | 9.98 |
| EV/EBIT Ratio | 18.05 | 13.21 | 19.62 | 13.65 | 9.75 | 17.43 |
| EV/FCF Ratio | 12.79 | 76.38 | 7.76 | 53.03 | 24.30 | |
| Debt / Equity Ratio | 0.58 | 0.58 | 0.28 | 0.29 | 0.29 | 0.63 |
| Debt / EBITDA Ratio | 1.86 | 1.73 | 1.03 | 1.31 | 1.25 | 2.54 |
| Debt / FCF Ratio | 2.50 | 19.43 | 0.97 | 9.34 | 6.21 | |
| Net Debt / Equity Ratio | 0.53 | 0.52 | 0.24 | 0.26 | 0.26 | 0.61 |
| Net Debt / EBITDA Ratio | 1.69 | 1.56 | 0.89 | 1.18 | 1.12 | 2.47 |
| Net Debt / FCF Ratio | 2.27 | 17.51 | 0.83 | -0.84 | 8.35 | 6.01 |
| Asset Turnover | 0.26 | 0.27 | 0.25 | 0.23 | 0.34 | 0.31 |
| Quick Ratio | 7.28 | 8.01 | 6.50 | 7.07 | 3.92 | 1.60 |
| Current Ratio | 7.30 | 8.64 | 6.69 | 7.95 | 3.92 | 1.60 |
| Return on Equity (ROE) | 12.44% | 12.18% | 1.17% | 9.01% | 22.51% | 11.67% |
| Return on Assets (ROA) | 6.56% | 7.07% | 5.04% | 6.63% | 10.20% | 5.29% |
| Return on Invested Capital (ROIC) | 11.38% | 11.82% | 8.38% | 10.58% | 16.92% | 8.91% |
| Return on Capital Employed (ROCE) | 10.40% | 10.90% | 9.00% | 9.70% | 12.90% | 8.60% |
| Earnings Yield | 5.16% | 8.28% | 0.94% | 5.99% | 10.59% | 5.34% |
| FCF Yield | 9.50% | 2.09% | 19.08% | -28.48% | 2.38% | 5.56% |
| Dividend Yield | 9.59% | 13.35% | 10.60% | 11.16% | 12.09% | 9.79% |
| Payout Ratio | 189.34% | 180.42% | 1,261.48% | 182.48% | 95.96% | 147.86% |
| Buyback Yield / Dilution | -9.72% | -19.10% | 18.07% | -41.35% | -8.00% | -76.53% |
| Total Shareholder Return | -0.13% | -5.75% | 28.67% | -30.18% | 4.08% | -66.75% |