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Midas Edge

Kimbell Royalty Partners, LP

For the period ended Sep 30, 2025. Filed Nov 6, 2025.

View on SEC.gov

About 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 exhibits
Contents

Consolidated Statements of Operations

​​​​​​​​​​​​​
​ · ​ · Three Months Ended September 30, · ​ · Nine Months Ended September 30,
​ · ​ · 2025 · ​ · 2024 · ​ · 2025 · ​ · 2024
​​(In thousands, except per unit data)
Revenue​​​​​​​​​​​​
Oil, natural gas and NGL revenues​$76,807​$71,069​$241,453​$235,527
Lease bonus and other income​​379​​3,163​​3,204​​4,262
Gain on commodity derivative instruments, net​​3,434​​9,553​​6,720​​2,803
Total revenues​​80,620​​83,785​​251,377​​242,592
Costs and expenses​​​​​​​​​​​​
Production and ad valorem taxes​​5,611​​4,347​​16,701​​16,456
Depreciation and depletion expense​​31,043​​32,155​​92,619​​103,346
Impairment of oil and natural gas properties​​—​​—​​—​​5,963
Marketing and other deductions​​5,052​​3,607​​12,570​​11,998
General and administrative expense​​10,066​​9,472​​29,276​​29,172
Total costs and expenses​​51,772​​49,581​​151,166​​166,935
Operating income​​28,848​​34,204​​100,211​​75,657
Other expense​​​​​​​​​​​​
Interest expense​​(9,782)​​(6,492)​​(25,351)​​(20,739)
Other expense​​—​​—​​(12)​​—
Net income before income taxes​​19,066​​27,712​​74,848​​54,918
Income tax (benefit) expense​​(3,257)​​1,907​​—​​4,589
Net income​​22,323​​25,805​​74,848​​50,329
Distribution and accretion on Series A preferred units​​(2,656)​​(5,296)​​(32,196)​​(15,795)
Net income and distributions and accretion on Series A preferred units attributable to non-controlling interests​​(2,641)​​(3,119)​​(5,729)​​(5,523)
Distribution to Class B unitholders​​(14)​​(15)​​(42)​​(57)
Net income attributable to common units of Kimbell Royalty Partners, LP​$17,012​$17,375​$36,881​$28,954
​​​​​​​​​​​​​
Net income per unit attributable to common units of Kimbell Royalty Partners, LP​​​​​​​​​​​​
Basic​$0.19​$0.22​$0.41​$0.38
Diluted​$0.19​$0.22​$0.41​$0.38
Weighted average number of common units outstanding​​​​​​​​​​​​
Basic​​91,170​​78,977​​90,680​​75,321
Diluted​​118,213​​116,414​​122,701​​116,240
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.