← 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $30.3m |
$70.3m
+131.52%
|
$108.2m
+54.04%
|
$90.5m
-16.39%
|
$135.6m
+49.88%
|
$248.1m
+82.91%
|
$294.1m
+18.55%
|
$309.3m
+5.18%
|
$333.8m
+7.93%
|
$344.9m
+3.30%
|
|
| General and administrative expense | $8.2m | $16.8m | $22.7m | $25.9m | $27.0m | $29.1m | $35.7m | $38.5m | $39.7m | $40.1m | |
| General and administrative expense consolidated variable interest entities | — | — | — | — | — | $2.3m | $928k | — | — | $40.1m | |
| Total costs and expenses | $27.8m | $118.4m | $259.8m | $341.2m | $86.3m | $111.1m | $184.2m | $272.3m | $201.0m | $204.1m | |
| Operating income | $2.5m |
($48.2m)
-2021.11%
|
($151.6m)
-214.70%
|
($250.7m)
-65.42%
|
$49.3m
+119.67%
|
$136.9m
+177.66%
|
$109.9m
-19.75%
|
$37.0m
-66.33%
|
$132.8m
+259.05%
|
$140.7m
+5.93%
|
|
| Interest expense | ($791k) | ($4.1m) | ($5.8m) | ($6.4m) | ($9.2m) | ($13.8m) | ($26.0m) | ($26.7m) | ($34.5m) | $35.5m | |
| Gain (loss) on commodity derivative instruments, net | ($319k) | $3.3m | ($1.7m) | ($2.5m) | ($42.8m) | ($37.0m) | $20.9m | ($1.3m) | $12.1m | — | |
| Other expense | — | — | — | ($100k) | $1.3m | $4.0m | ($181k) | — | ($12k) | — | |
| Net income before income taxes | $1.7m | ($52.3m) | ($157.3m) | ($257.0m) | $42.5m | $133.5m | $86.8m | $10.3m | $98.3m | — | |
| Income tax (benefit) expense | — | $25k | $899k | ($885k) | $74k | $2.7m | $3.8m | ($771k) | ($1.3m) | — | |
| 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%
|
$78.5m
-21.18%
|
|
| Net income (loss) attributable to common units of Kimbell Royalty Partners, LP | $1.7m | ($56.8m) | ($83.0m) | ($167.4m) | $22.6m | $111.9m | $60.1m | ($8.8m) | $56.0m | $78.5m | |
| Net income per unit attributable to common units Kimbell Royalty Partners, LP (basic) (in dollar per share) | $0 | ($3) | ($4) | ($5) | $1 | $2 | $1 | ($0) | $1 | — | |
| Production and ad valorem taxes | $2.5m | $4.4m | $7.7m | $6.4m | $10.5m | $16.2m | $20.3m | $20.4m | $20.4m | — | |
| Depreciation and depletion expense | $15.5m | $25.2m | $52.1m | $48.0m | $36.8m | $50.1m | $96.5m | $135.1m | $124.6m | — | |
| Impairment of oil and natural gas properties | $0 | $67.3m | $169.2m | $251.6m | $0 | $0 | $18.2m | $62.1m | $0 | — | |
| Marketing and other deductions | $1.6m | $4.7m | $8.1m | $9.4m | $12.0m | $13.4m | $12.6m | $16.1m | $16.4m | — | |
| Loss on extinguishment of debt | — | — | — | ($476k) | — | — | ($480k) | — | — | — | |
| Interest earned on marketable securities in trust account | — | — | — | — | — | $3.7m | $3.5m | — | — | — | |
| Distribution and accretion on Series A preferred units | — | ($6.3m) | ($13.9m) | ($7.8m) | ($11.2m) | — | ($6.3m) | ($21.1m) | ($34.9m) | — | |
| Net (income) loss and distributions and accretion on Series A preferred units attributable to non-controlling interests | — | $1.9m | $89.1m | $96.6m | ($8.5m) | ($18.8m) | ($16.5m) | $1.3m | ($8.7m) | $78.5m | |
| Distribution to Class B unitholders | — | ($31k) | ($94k) | ($92k) | ($77k) | ($42k) | ($89k) | ($71k) | ($58k) | — | |
| Weighted average number of common units outstanding Basic (in units) | $16.3m | $18.4m | $21.2m | $34.5m | $40.4m | $54.1m | $66.6m | $76.2m | $90.8m | — | |
| Weighted average number of common units outstanding Diluted (in units) | $16.5m | $18.4m | $21.2m | $34.5m | $61.0m | $65.8m | $93.1m | $116.0m | $121.3m | — |