Kimbell Royalty Partners LP

For the period ended Sep 30, 2024. Filed Nov 8, 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.

Sep 30, 2024 · Filed Nov 8, 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 September 30, · · Nine Months Ended September 30,
· · 2024 · · 2023 · · 2024 · · 2023
Revenue
Oil, natural gas and NGL revenues	$71,069,593	$69,237,603	$235,528,275	$183,635,976
Lease bonus and other income	3,162,656	2,543,240	4,261,432	5,021,766
Gain (loss) on commodity derivative instruments, net	9,553,190	(4,576,570)	2,802,568	6,215,265
Total revenues	83,785,439	67,204,273	242,592,275	194,873,007
Costs and expenses
Production and ad valorem taxes	4,346,922	4,986,878	16,455,621	14,669,037
Depreciation and depletion expense	32,155,040	23,060,163	103,345,780	60,280,666
Impairment of oil and natural gas properties	—	—	5,963,575	—
Marketing and other deductions	3,607,040	3,508,500	11,997,630	9,177,998
General and administrative expense	9,472,117	10,358,674	29,172,121	26,562,100
Consolidated variable interest entities related:
General and administrative expense	—	—	—	927,699
Total costs and expenses	49,581,119	41,914,215	166,934,727	111,617,500
Operating income	34,204,320	25,290,058	75,657,548	83,255,507
Other (expense) income
Interest expense	(6,492,127)	(6,680,661)	(20,740,037)	(18,485,183)
Loss on extinguishment of debt	—	—	—	(480,244)
Other expense	—	—	—	(180,765)
Consolidated variable interest entities related:
Interest earned on marketable securities in trust account	—	—	—	3,508,691
Net income before income taxes	27,712,193	18,609,397	54,917,511	67,618,006
Income tax expense	1,906,746	128,359	4,588,596	2,440,399
Net income	25,805,447	18,481,038	50,328,915	65,177,607
Distribution and accretion on Series A preferred units	(5,296,282)	(1,040,572)	(15,795,573)	(1,040,572)
Net income and distributions and accretion on Series A preferred units attributable to non-controlling interests	(3,119,340)	(3,839,401)	(5,522,549)	(13,700,261)
Distribution on Class B units	(14,524)	(20,854)	(56,218)	(67,939)
Net income attributable to common units of Kimbell Royalty Partners, LP	$17,375,301	$13,580,211	$28,954,575	$50,368,835

Net income per unit attributable to common units of Kimbell Royalty Partners, LP
Basic	$0.22	$0.20	$0.38	$0.80
Diluted	$0.22	$0.19	$0.38	$0.78
Weighted average number of common units outstanding
Basic	78,977,450	68,540,786	75,321,486	64,807,590
Diluted	116,414,205	94,969,077	116,240,192	85,739,813

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.