Kimbell Royalty Partners, LP
For the period ended Sep 30, 2026. Filed Nov 5, 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.
Sep 30, 2026 · Filed Nov 5, 2026
KRP$15.15+0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
| | | | | | | |
|---|---|---|---|---|---|---|
| · · Nine Months Ended September 30, | ||||||
| · · 2026 · · 2025 | ||||||
| | | (In thousands) | ||||
| CASH FLOWS FROM OPERATING ACTIVITIES | | | | | | |
| Net income | | $71,495 | | $74,848 | ||
| Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | |
| Depreciation and depletion expense | | | 92,394 | | | 92,619 |
| Amortization of right-of-use assets | | | 276 | | | 259 |
| Amortization of loan origination costs | | | 1,535 | | | 1,744 |
| Unit-based compensation | | | 12,813 | | | 12,154 |
| Forfeiture of restricted units | | | — | | | (57) |
| Loss (gain) on derivative instruments, net of settlements | | | 21,265 | | | (3,328) |
| Changes in operating assets and liabilities: | | | | | | |
| Oil, natural gas and NGL receivables | | | (31,441) | | | 4,671 |
| Accounts receivable and other current assets | | | (730) | | | 263 |
| Accounts payable | | | 896 | | | 441 |
| Other current liabilities | | | 7,618 | | | 5,844 |
| Operating lease liabilities | | | (262) | | | (221) |
| Net cash provided by operating activities | | | 175,859 | | | 189,237 |
| CASH FLOWS FROM INVESTING ACTIVITIES | | | | | | |
| Purchases of property and equipment | | | (103) | | | (660) |
| Proceeds from sale of property and equipment | | | — | | | 12 |
| Purchase of oil and natural gas properties | | | (113,966) | | | (222,759) |
| Net cash used in investing activities | | | (114,069) | | | (223,407) |
| CASH FLOWS FROM FINANCING ACTIVITIES | | | | | | |
| Common units repurchased under buyback program | | | (14,670) | | | — |
| Proceeds from equity offering, net of issuance costs | | | — | | | 163,575 |
| Contributions from Class B unitholders | | | 821 | | | — |
| Redemption of Class B contributions on converted units | | | (608) | | | (2) |
| Redemption of Series A preferred units | | | — | | | (179,908) |
| Distribution to common unitholders | | | (124,740) | | | (116,746) |
| Distribution to OpCo unitholders | | | (13,859) | | | (18,118) |
| Distribution to Series A preferred unitholders | | | (7,292) | | | (12,141) |
| Distribution to Class B unitholders | | | (32) | | | (42) |
| Borrowings on long-term debt | | | 140,100 | | | 254,136 |
| Repayments on long-term debt | | | (45,800) | | | (44,800) |
| Payment of loan origination costs | | | (758) | | | (868) |
| Restricted units repurchased for tax withholding | | | (5,185) | | | (5,081) |
| Net cash (used in) provided by financing activities | | | (72,023) | | | 40,005 |
| NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS | | | (10,233) | | | 5,835 |
| CASH AND CASH EQUIVALENTS, beginning of period | | | 43,977 | | | 34,168 |
| CASH AND CASH EQUIVALENTS, end of period | | $33,744 | | $40,003 | ||
| Supplemental cash flow information: | | | | | | |
| Cash paid for interest | | $23,921 | | $20,970 | ||
| Cash paid for taxes | | $6,425 | | $219 | ||
| Non-cash investing and financing activities: | | | | | | |
| Units issued in exchange for oil and natural gas properties | | $248,156 | | $— | ||
| Deemed distribution to Series A preferred units | | $590 | | $871 | ||
| Distribution on Series A preferred units in accounts payable | | $2,458 | | $2,458 | ||
| Recognition of tenant improvement asset | | $— | | $73 | ||
| Right-of-use assets obtained in exchange for operating lease liabilities | | $— | | $1,224 | ||
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