Kimbell Royalty Partners LP

For the period ended Dec 31, 2024. Filed Feb 27, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 27, 2025

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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Contents

Consolidated Balance Sheets at December 31, 2024 and 2023

CONSOLIDATED BALANCE SHEETS


· · December 31, · · December 31,
· · 2024 · · 2023
ASSETS
Current assets
Cash and cash equivalents	$34,168,424	$30,992,670
Oil, natural gas and NGL receivables	45,923,508	59,020,471
Derivative assets	2,403,597	11,427,735
Accounts receivable and other current assets	2,771,552	1,699,536
Total current assets	85,267,081	103,140,412
Property and equipment, net	267,111	589,895
Oil and natural gas properties
Oil and natural gas properties, using full cost method of accounting ($115,200,109 and $222,712,844 excluded from depletion at December 31, 2024 and 2023, respectively)	2,048,711,692	2,048,690,088
Less: accumulated depreciation, depletion and impairment	(1,023,889,484)	(827,033,944)
Total oil and natural gas properties, net	1,024,822,208	1,221,656,144
Right-of-use assets, net	3,730,234	2,189,243
Derivative assets	565,938	2,888,051
Loan origination costs, net	5,262,191	7,325,471
Total assets	$1,119,914,763	$1,337,789,216

LIABILITIES, MEZZANINE EQUITY AND UNITHOLDERS' EQUITY
Current liabilities
Accounts payable	$6,505,482	$6,594,736
Other current liabilities	5,985,727	6,173,314
Derivative liabilities	254,654	208,710
Total current liabilities	12,745,863	12,976,760
Operating lease liabilities, excluding current portion	3,562,110	1,887,693
Derivative liabilities	879,559	60,094
Long-term debt	239,159,776	294,200,000
Other liabilities	72,920	197,917
Total liabilities	256,420,228	309,322,464
Commitments and contingencies (Note 15)
Mezzanine equity:
Series A preferred units (325,000 units issued and outstanding as of December 31, 2024 and 2023)	316,002,143	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 December 31, 2024 and 2023, respectively)	463,495,360	555,809,000
Class B units (14,524,120 units and 20,847,295 units issued and outstanding as of December 31, 2024 and 2023, respectively)	726,206	1,042,365
Total Kimbell Royalty Partners, LP unitholders' equity	464,221,566	556,851,365
Non-controlling interest in OpCo	83,270,826	157,191,815
Total unitholders' equity	547,492,392	714,043,180
Total liabilities, mezzanine equity and unitholders' equity	$1,119,914,763	$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.