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

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

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Contents

Consolidated Statements of Operations


· · Three Months Ended June 30, · · Six Months Ended June 30,
· · 2024 · · 2023 · · 2024 · · 2023
Revenue
Oil, natural gas and NGL revenues	$76,959,173	$56,981,614	$164,458,682	$114,398,373
Lease bonus and other income	659,980	2,041,189	1,098,776	2,478,526
(Loss) gain on commodity derivative instruments, net	(1,046,261)	1,729,459	(6,750,622)	10,791,835
Total revenues	76,572,892	60,752,262	158,806,836	127,668,734
Costs and expenses
Production and ad valorem taxes	5,576,798	5,404,955	12,108,699	9,682,159
Depreciation and depletion expense	33,023,934	19,656,855	71,190,740	37,220,503
Impairment of oil and natural gas properties	—	—	5,963,575	—
Marketing and other deductions	3,827,646	2,907,459	8,390,590	5,669,498
General and administrative expense	10,252,123	7,925,159	19,700,004	16,203,426
Consolidated variable interest entities related:
General and administrative expense	—	219,473	—	927,699
Total costs and expenses	52,680,501	36,113,901	117,353,608	69,703,285
Operating income	23,892,391	24,638,361	41,453,228	57,965,449
Other (expense) income
Interest expense	(6,946,580)	(6,341,118)	(14,247,910)	(11,804,522)
Loss on extinguishment of debt	—	(480,244)	—	(480,244)
Other expense	—	(180,765)	—	(180,765)
Consolidated variable interest entities related:
Interest earned on marketable securities in trust account	—	1,069,854	—	3,508,691
Net income before income taxes	16,945,811	18,706,088	27,205,318	49,008,609
Income tax expense	1,759,282	909,057	2,681,850	2,312,040
Net income	15,186,529	17,797,031	24,523,468	46,696,569
Distribution and accretion on Series A preferred units	(5,243,004)	—	(10,499,291)	—
Net income and distributions and accretion on Series A preferred units attributable to non-controlling interests	(1,512,360)	(4,297,442)	(2,403,209)	(9,860,860)
Distribution on Class B units	(20,847)	(31,601)	(41,694)	(47,085)
Net income attributable to common units of Kimbell Royalty Partners, LP	$8,410,318	$13,467,988	$11,579,274	$36,788,624

Net income per unit attributable to common units of Kimbell Royalty Partners, LP
Basic	$0.11	$0.24	$0.16	$0.61
Diluted	$0.11	$0.23	$0.16	$0.59
Weighted average number of common units outstanding
Basic	74,834,777	63,274,492	73,473,416	62,910,053
Diluted	116,593,560	82,959,981	116,395,698	81,263,101

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.