Kimbell Royalty Partners, LP

For the period ended Mar 31, 2026. Filed May 7, 2026.

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.

Mar 31, 2026 · Filed May 7, 2026

KRP$15.04-0.7%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets


· · March 31, · · December 31,
· · 2026 · · 2025
		(In thousands, except unit amounts)
ASSETS
Current assets
Cash and cash equivalents	$37,161		$43,977
Oil, natural gas and NGL receivables	45,528		36,582
Derivative assets	—		6,504
Accounts receivable and other current assets	1,992		1,420
Total current assets	84,681		88,483
Property and equipment, net	606		629
Oil and natural gas properties
Oil and natural gas properties, using full cost method of accounting ($136,057 and $174,189 excluded from depletion at March 31, 2026 and December 31, 2025, respectively)	2,271,470		2,271,470
Less: accumulated depreciation, depletion and impairment	(1,177,421)		(1,148,157)
Total oil and natural gas properties, net	1,094,049		1,123,313
Right-of-use assets, net	4,516		4,606
Derivative assets	395		2,587
Loan origination costs, net	9,493		9,722
Total assets	$1,193,740		$1,229,340

LIABILITIES, MEZZANINE EQUITY AND UNITHOLDERS' EQUITY
Current liabilities
Accounts payable	$2,872		$3,144
Other current liabilities	6,617		7,097
Derivative liabilities	7,060		—
Total current liabilities	16,549		10,241
Operating lease liabilities, excluding current portion	4,326		4,411
Derivative liabilities	3,091		28
Long-term debt	440,900		441,500
Total liabilities	464,866		456,180
Commitments and contingencies (Note 16)
Mezzanine equity:
Series A preferred units (162,500 units issued and outstanding as of March 31, 2026 and December 31, 2025)	158,987		158,793
Kimbell Royalty Partners, LP unitholders' equity:
Common units (99,152,268 units and 93,396,488 units issued and outstanding as of March 31, 2026 and December 31, 2025, respectively)	521,417		531,121
Class B units (9,122,322 units and 14,491,540 units issued and outstanding as of March 31, 2026 and December 31, 2025, respectively)	456		724
Total Kimbell Royalty Partners, LP unitholders' equity	521,873		531,845
Non-controlling interest in OpCo	48,014		82,522
Total unitholders' equity	569,887		614,367
Total liabilities, mezzanine equity and unitholders' equity	$1,193,740		$1,229,340

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.