Kimbell Royalty Partners, LP
For the period ended Mar 31, 2026. Filed May 7, 2026.
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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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Consolidated Statements of Operations
| | | | | | | |
|---|---|---|---|---|---|---|
| · · Three Months Ended March 31, | ||||||
| · · 2026 · · 2025 | ||||||
| | | (In thousands, except per unit data) | ||||
| Revenue | | | | | | |
| Oil, natural gas and NGL revenues | | $82,885 | | $89,951 | ||
| Lease bonus and other income | | | 1,337 | | | 311 |
| Loss on commodity derivative instruments, net | | | (18,678) | | | (6,053) |
| Total revenues | | | 65,544 | | | 84,209 |
| Costs and expenses | | | | | | |
| Production and ad valorem taxes | | | 5,889 | | | 5,375 |
| Depreciation and depletion expense | | | 29,299 | | | 31,118 |
| Marketing and other deductions | | | 5,168 | | | 4,502 |
| General and administrative expense | | | 9,389 | | | 9,637 |
| Total costs and expenses | | | 49,745 | | | 50,632 |
| Operating income | | | 15,799 | | | 33,577 |
| Other expense | | | | | | |
| Interest expense | | | (8,154) | | | (6,622) |
| Other expense | | | — | | | (12) |
| Net income before income taxes | | | 7,645 | | | 26,943 |
| Income tax expense | | | 703 | | | 1,090 |
| Net income | | | 6,942 | | | 25,853 |
| Distribution and accretion on Series A preferred units | | | (2,599) | | | (5,203) |
| Net income and distributions and accretion on Series A preferred units attributable to non-controlling interests | | | (366) | | | (2,774) |
| Distribution to Class B unitholders | | | (9) | | | (14) |
| Net income attributable to common units of Kimbell Royalty Partners, LP | | $3,968 | | $17,862 | ||
| | | | | | | |
| Net income per unit attributable to common units of Kimbell Royalty Partners, LP | | | | | | |
| Basic | | $0.04 | | $0.20 | ||
| Diluted | | $0.04 | | $0.20 | ||
| Weighted average number of common units outstanding | | | | | | |
| Basic | | | 93,126 | | | 89,682 |
| Diluted | | | 119,085 | | | 127,947 |
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