Kimbell Royalty Partners, LP
For the period ended Sep 30, 2025. Filed Nov 6, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 6, 2025
KRP$15.04-0.7%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Changes in Unitholders’ Equity
| | | | | | | | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · Nine Months Ended September 30, 2025 | ||||||||||||||||||
| · · · · · · · · · · Non-controlling · · | ||||||||||||||||||
| · Common Units · Amount · Class B Units · Amount · · Interestin OpCo · · Total | ||||||||||||||||||
| · · (In thousands) | ||||||||||||||||||
| Balance at January 1, 2025 | | | 80,970 | | $463,496 | | | 14,524 | | $726 | | $83,271 | | $547,493 | ||||
| Common units issued for equity offering | | | 11,500 | | | 163,575 | | | — | | | — | | | — | | | 163,575 |
| Unit-based compensation | | | 1,213 | | | 3,861 | | | — | | | — | | | — | | | 3,861 |
| Restricted units repurchased for tax withholding | | | (315) | | | (5,081) | | | — | | | — | | | — | | | (5,081) |
| Conversion of Class B units to common units | | | 32 | | | 187 | | | (32) | | | (2) | | | (187) | | | (2) |
| Forfeiture of restricted units | | | (4) | | | (57) | | | — | | | — | | | — | | | (57) |
| Distributions to unitholders | | | — | | | (37,359) | | | — | | | — | | | (5,796) | | | (43,155) |
| Distribution and accretion on Series A preferred units | | | — | | | (4,504) | | | — | | | — | | | (699) | | | (5,203) |
| Distribution to Class B unitholders | | | — | | | (14) | | | — | | | — | | | — | | | (14) |
| Change in ownership of consolidated subsidiaries, net | | | — | | | (12,253) | | | — | | | — | | | 12,253 | | | — |
| Net income | | | — | | | 22,380 | | | — | | | — | | | 3,473 | | | 25,853 |
| Balance at March 31, 2025 | | | 93,396 | | | 594,231 | | | 14,492 | | | 724 | | | 92,315 | | | 687,270 |
| Unit-based compensation | | | — | | | 4,124 | | | — | | | — | | | — | | | 4,124 |
| Distributions to unitholders | | | — | | | (43,896) | | | — | | | — | | | (6,811) | | | (50,707) |
| Distribution and accretion on Series A preferred units | | | — | | | (21,068) | | | — | | | — | | | (3,269) | | | (24,337) |
| Distribution to Class B unitholders | | | — | | | (14) | | | — | | | — | | | — | | | (14) |
| Change in ownership of consolidated subsidiaries, net | | | — | | | (552) | | | — | | | — | | | 552 | | | — |
| Net income | | | — | | | 23,089 | | | — | | | — | | | 3,583 | | | 26,672 |
| Balance at June 30, 2025 | | | 93,396 | | | 555,914 | | | 14,492 | | | 724 | | | 86,370 | | | 643,008 |
| Unit-based compensation | | | — | | | 4,169 | | | — | | | — | | | — | | | 4,169 |
| Distributions to unitholders | | | — | | | (35,491) | | | — | | | — | | | (5,511) | | | (41,002) |
| Distribution and accretion on Series A preferred units | | | — | | | (2,298) | | | — | | | — | | | (358) | | | (2,656) |
| Distribution to Class B unitholders | | | — | | | (14) | | | — | | | — | | | — | | | (14) |
| Change in ownership of consolidated subsidiaries, net | | | — | | | (561) | | | — | | | — | | | 561 | | | — |
| Net income | | | — | | | 19,324 | | | — | | | — | | | 2,999 | | | 22,323 |
| Balance at September 30, 2025 | | | 93,396 | | $541,043 | | | 14,492 | | $724 | | $84,061 | | $625,828 | ||||
CONSOLIDATED STATEMENTS OF CHANGES IN UNITHOLDERS’ EQUITY — (Continued)
| | | | | | | | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · Nine Months Ended September 30, 2024 | ||||||||||||||||||
| · · · · · · · · · · Non-controlling · · | ||||||||||||||||||
| · Common Units · Amount · Class B Units · Amount · · Interestin OpCo · · Total | ||||||||||||||||||
| · · (In thousands) | ||||||||||||||||||
| Balance at January 1, 2024 | | | 73,851 | | $555,809 | | | 20,847 | | $1,042 | | $157,192 | | $714,043 | ||||
| Restricted units repurchased for tax withholding | | | (292) | | | (4,914) | | | — | | | — | | | — | | | (4,914) |
| Unit-based compensation | | | 1,088 | | | 3,684 | | | — | | | — | | | — | | | 3,684 |
| Distributions to unitholders | | | — | | | (32,098) | | | — | | | — | | | (9,463) | | | (41,561) |
| Distribution and accretion on Series A preferred units | | | — | | | (4,109) | | | — | | | — | | | (1,147) | | | (5,256) |
| Distribution to Class B unitholders | | | — | | | (21) | | | — | | | — | | | — | | | (21) |
| Change in ownership of consolidated subsidiaries, net | | | — | | | 1,192 | | | — | | | — | | | (1,192) | | | — |
| Net income | | | — | | | 7,299 | | | — | | | — | | | 2,038 | | | 9,337 |
| Balance at March 31, 2024 | | | 74,647 | | | 526,842 | | | 20,847 | | | 1,042 | | | 147,428 | | | 675,312 |
| Conversion of Class B units to common units | | | 6,323 | | | 44,716 | | | (6,323) | | | (316) | | | (44,716) | | | (316) |
| Unit-based compensation | | | — | | | 5,109 | | | — | | | — | | | — | | | 5,109 |
| Distributions to unitholders | | | — | | | (36,577) | | | — | | | — | | | (10,216) | | | (46,793) |
| Distribution and accretion on Series A preferred units | | | — | | | (4,446) | | | — | | | — | | | (797) | | | (5,243) |
| Distribution to Class B unitholders | | | — | | | (21) | | | — | | | — | | | — | | | (21) |
| Change in ownership of consolidated subsidiaries, net | | | — | | | (3,824) | | | — | | | — | | | 3,824 | | | — |
| Net income | | | — | | | 12,877 | | | — | | | — | | | 2,310 | | | 15,187 |
| Balance at June 30, 2024 | | | 80,970 | | | 544,676 | | | 14,524 | | | 726 | | | 97,833 | | | 643,235 |
| Unit-based compensation | | | — | | | 3,830 | | | — | | | — | | | — | | | 3,830 |
| Distributions to unitholders | | | — | | | (34,007) | | | — | | | — | | | (6,100) | | | (40,107) |
| Distribution and accretion on Series A preferred units | | | — | | | (4,491) | | | — | | | — | | | (805) | | | (5,296) |
| Distribution on Class B units | | | — | | | (15) | | | — | | | — | | | — | | | (15) |
| Change in ownership of consolidated subsidiaries, net | | | — | | | (580) | | | — | | | — | | | 580 | | | — |
| Net income | | | — | | | 21,881 | | | — | | | — | | | 3,924 | | | 25,805 |
| Balance at September 30, 2024 | | | 80,970 | | $531,294 | | | 14,524 | | $726 | | $95,432 | | $627,452 | ||||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.