← Kimbell Royalty Partners, LP
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | $1.7m |
($52.3m)
-3147.21%
|
($158.2m)
-202.60%
|
($256.1m)
-61.87%
|
$42.4m
+116.57%
|
$130.8m
+208.20%
|
$83.0m
-36.54%
|
$11.1m
-86.66%
|
$99.7m
+800.21%
|
$101.4m
+1.72%
|
|
| Depreciation and depletion expense | $15.5m | $25.2m | $52.1m | $48.0m | $36.8m | $50.1m | $96.5m | $135.1m | $124.6m | $122.8m | |
| Amortization of right-of-use assets | — | — | $155k | $276k | $298k | $320k | $336k | $349k | $348k | — | |
| Amortization of loan origination costs | $57k | $466k | $1.1m | $1.1m | $1.6m | $1.9m | $1.9m | $2.1m | $2.4m | — | |
| Impairment of oil and natural gas properties | $0 | $67.3m | $169.2m | $251.6m | $0 | $0 | $18.2m | $62.1m | $0 | — | |
| Oil, natural gas and NGL receivables | ($1.7m) | ($7.0m) | $4.4m | $1.6m | ($17.6m) | ($11.8m) | ($12.0m) | $13.1m | $9.3m | — | |
| Accounts receivable and other current assets | ($237k) | $186k | ($26k) | ($897k) | ($2.1m) | ($511k) | $1.9m | ($1.1m) | $1.4m | ($5.6m) | |
| Accounts payable | $316k | $986k | ($125k) | ($319k) | ($78k) | $399k | $509k | ($89k) | ($917k) | $957k | |
| Distribution on Series A preferred units in accounts payable | — | $982k | $982k | — | — | — | $4.9m | $4.9m | $2.5m | — | |
| Other current liabilities | $1.7m | ($260k) | $1.8m | $534k | ($464k) | $1.6m | $1.3m | ($21k) | $1.0m | ($4.6m) | |
| Other assets and liabilities | — | — | — | — | — | $89k | ($687k) | — | — | — | |
| Net cash provided by operating activities | $18.6m |
$33.2m
+78.77%
|
$80.7m
+143.06%
|
$62.2m
-22.87%
|
$91.4m
+46.91%
|
$166.6m
+82.23%
|
$174.3m
+4.58%
|
$250.9m
+43.98%
|
$246.5m
-1.78%
|
$237.7m
-3.55%
|
|
| Purchases of property and equipment | ($62k) | ($404k) | ($1.0m) | ($996k) | ($773k) | ($163k) | ($141k) | ($188k) | ($734k) | ($44.5m) | |
| Proceeds from sale of property and equipment | — | — | — | — | — | — | — | — | $12k | — | |
| Interest earned on marketable securities in trust account | — | — | — | — | — | ($3.7m) | ($3.5m) | — | — | — | |
| Cash received from investments held in trust | — | — | — | — | — | — | $243.2m | — | — | — | |
| Net cash used in investing activities | ($125.9m) | ($200.9m) | ($15.6m) | ($90.8m) | ($55.6m) | ($374.7m) | ($246.7m) | ($210k) | ($223.5m) | ($44.5m) | |
| Loss on extinguishment of debt | — | — | — | $476k | — | — | $480k | — | — | — | |
| Borrowings on long-term debt | $30.8m | $124.3m | $12.8m | $162.6m | $136.6m | $199.2m | $201.1m | $5.0m | $695.6m | — | |
| Repayments on long-term debt | — | ($67.9m) | — | ($91.2m) | ($91.0m) | ($183.3m) | ($139.9m) | ($60.0m) | ($493.3m) | — | |
| Net cash (used in) provided by financing activities | $113.0m |
$177.9m
+57.46%
|
($66.7m)
-137.49%
|
$24.2m
+136.27%
|
($38.6m)
-259.71%
|
$226.1m
+685.31%
|
$78.4m
-65.33%
|
($247.5m)
-415.83%
|
($13.2m)
+94.68%
|
— | |
| CASH AND CASH EQUIVALENTS, beginning of period | $5.6m | $15.8m | $14.2m | $9.8m | $7.1m | $25.0m | $31.0m | $34.2m | $44.0m | — | |
| Additional Supplementary Disclosures | |||||||||||
| Additional Supplementary Disclosures | |||||||||||
| Unit-based compensation | $798k | $3.2m | $7.5m | $9.3m | $10.6m | $11.1m | $13.1m | $16.4m | $16.3m | — | |
| Forfeiture of restricted units | — | — | — | ($128k) | — | ($20k) | — | — | ($57k) | — | |
| (Gain) loss on derivative instruments, net of settlements | $319k | ($4.5m) | $3.4m | $7.1m | $20.3m | ($14.3m) | ($26.4m) | $12.2m | ($7.2m) | — | |
| Operating lease liabilities | — | — | ($430k) | ($276k) | ($307k) | ($325k) | ($349k) | ($382k) | ($303k) | — | |
| Purchase of oil and natural gas properties | ($125.8m) | ($211.1m) | ($11.7m) | ($87.6m) | ($55.3m) | ($141.3m) | ($490.7m) | ($22k) | ($222.8m) | — | |
| Proceeds from trust of variable interest entity | — | — | — | — | — | — | $931k | — | — | — | |
| Cash paid for transaction costs | — | — | — | — | — | — | $32k | — | — | — | |
| Proceeds from the issuance of Series A preferred units, net of issuance costs | — | $103.4m | — | — | — | — | $313.9m | — | — | — | |
| Proceeds from equity offering, net of issuance costs | — | $61.4m | — | $73.6m | $57.5m | $116.1m | $110.7m | — | $163.6m | — | |
| Contributions from Class B unitholders | — | $973k | $470k | — | — | $364k | $268k | — | — | — | |
| Redemption of Class B contributions on converted units | — | — | ($273k) | ($364k) | ($158k) | ($470k) | ($316) | ($316k) | ($2k) | — | |
| Redemption of Series A preferred units | — | — | — | ($61.1m) | ($67.1m) | — | — | — | ($179.9m) | — | |
| Distribution to common unitholders | ($13.8m) | ($38.3m) | ($35.4m) | ($29.5m) | ($47.3m) | ($107.4m) | ($120.4m) | ($135.9m) | ($149.4m) | — | |
| Distribution to OpCo unitholders | — | — | ($35.7m) | ($20.5m) | ($21.5m) | ($19.3m) | ($31.6m) | ($31.7m) | ($23.2m) | — | |
| Distribution to Series A preferred unitholders | — | ($2.6m) | ($7.7m) | ($4.8m) | ($2.8m) | — | ($962k) | ($19.5m) | ($14.6m) | — | |
| Distribution to Class B unitholders | — | ($13k) | ($94k) | ($92k) | ($77k) | ($42k) | ($89k) | ($71k) | ($58k) | — | |
| Payment of loan origination costs | ($312k) | ($3.4m) | ($89k) | ($4.5m) | ($685k) | ($662k) | ($6.7m) | ($63k) | ($6.8m) | — | |
| Restricted units repurchased for tax withholding | — | — | ($46k) | — | ($2.1m) | ($3.3m) | ($4.9m) | ($4.9m) | ($5.1m) | — | |
| Redemption of Kimbell Tiger Acquisition Corporation equity units | — | — | — | — | — | — | ($243.2m) | — | — | — | |
| NET INCREASE IN CASH AND CASH EQUIVALENTS | $5.6m | $10.1m | ($1.6m) | ($4.4m) | ($2.8m) | $18.0m | $6.0m | $3.2m | $9.8m | ||
| Cash paid for interest | $455k | $3.3m | $5.2m | $5.3m | $7.5m | $11.2m | $23.7m | $25.3m | $31.9m | — | |
| Cash (refund from) paid for taxes | — | — | $802k | — | — | $3.1m | $2.3m | — | ($3.9m) | — | |
| Units issued in exchange for oil and natural gas properties | — | $325.4m | $207.8m | $28.1m | — | $120.3m | $92.0m | — | — | — | |
| Deemed distribution to Series A preferred units | — | $2.7m | $6.2m | $3.0m | $9.4m | — | $474k | $1.6m | $1.1m | — | |
| Recognition of tenant improvement asset | — | — | — | — | $448k | $125k | $125k | $125k | $73k | — | |
| Right-of-use assets obtained in exchange for operating lease liabilities | — | — | $3.6m | — | $20k | — | — | $1.9m | $1.2m | — | |
| Reduction of deferred underwriting commission associated with redemption of Kimbell Tiger Acquisition Corporation equity units | — | — | — | — | — | — | ($8.1m) | — | — | — |