Kimbell Royalty Partners LP

For the period ended Jun 30, 2024. Filed Aug 1, 2024.

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.

Jun 30, 2024 · Filed Aug 1, 2024

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

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Contents

Consolidated Balance Sheets


· · June 30, · · December 31,
· · 2024 · · 2023
ASSETS
Current assets
Cash and cash equivalents	$30,945,157	$30,992,670
Oil, natural gas and NGL receivables	53,218,203	59,020,471
Derivative assets	2,378,353	11,427,735
Accounts receivable and other current assets	2,389,179	1,699,536
Total current assets	88,930,892	103,140,412
Property and equipment, net	444,335	589,895
Oil and natural gas properties
Oil and natural gas properties, using full cost method of accounting ($155,984,953 and $222,712,844 excluded from depletion at June 30, 2024 and December 31, 2023, respectively)	2,048,711,692	2,048,690,088
Less: accumulated depreciation, depletion and impairment	(903,995,713)	(827,033,944)
Total oil and natural gas properties, net	1,144,715,979	1,221,656,144
Right-of-use assets, net	2,016,364	2,189,243
Derivative assets	412,015	2,888,051
Loan origination costs, net	6,281,710	7,325,471
Total assets	$1,242,801,295	$1,337,789,216

LIABILITIES, MEZZANINE EQUITY AND UNITHOLDERS' EQUITY
Current liabilities
Accounts payable	$6,501,900	$6,594,736
Other current liabilities	8,976,730	6,173,314
Derivative liabilities	178,879	208,710
Total current liabilities	15,657,509	12,976,760
Operating lease liabilities, excluding current portion	1,701,904	1,887,693
Derivative liabilities	1,098,534	60,094
Long-term debt	265,759,776	294,200,000
Other liabilities	135,420	197,917
Total liabilities	284,353,143	309,322,464
Commitments and contingencies (Note 16)
Mezzanine equity:
Series A preferred units (325,000 units issued and outstanding as of June 30, 2024 and December 31, 2023)	315,212,857	314,423,572
Kimbell Royalty Partners, LP unitholders' equity:
Common units (80,969,651 units and 73,851,458 units issued and outstanding as of June 30, 2024 and December 31, 2023, respectively)	722,151,755	670,530,748
Class B units (14,524,120 units and 20,847,295 units issued and outstanding as of June 30, 2024 and December 31, 2023, respectively)	726,206	1,042,365
Total Kimbell Royalty Partners, LP unitholders' equity	722,877,961	671,573,113
Non-controlling (deficit) interest in OpCo	(79,642,666)	42,470,067
Total unitholders' equity	643,235,295	714,043,180
Total liabilities, mezzanine equity and unitholders' equity	$1,242,801,295	$1,337,789,216

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.