Kimbell Royalty Partners, LP

For the period ended Mar 31, 2025. Filed May 8, 2025.

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.

Mar 31, 2025 · Filed May 8, 2025

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 Balance Sheets


· · March 31, · · December 31,
· · 2025 · · 2024
ASSETS
Current assets
Cash and cash equivalents	$35,627,785	$34,168,424
Oil, natural gas and NGL receivables	60,997,646	45,923,508
Derivative assets	—	2,403,597
Accounts receivable and other current assets	2,755,191	2,771,552
Total current assets	99,380,622	85,267,081
Property and equipment, net	475,498	267,111
Oil and natural gas properties
Oil and natural gas properties, using full cost method of accounting ($218,108,900 and $115,200,109 excluded from depletion at March 31, 2025 and December 31, 2024, respectively)	2,271,330,491	2,048,711,692
Less: accumulated depreciation, depletion and impairment	(1,054,916,030)	(1,023,889,484)
Total oil and natural gas properties, net	1,216,414,461	1,024,822,208
Right-of-use assets, net	4,869,142	3,730,234
Derivative assets	—	565,938
Loan origination costs, net	4,727,986	5,262,191
Total assets	$1,325,867,709	$1,119,914,763

LIABILITIES, MEZZANINE EQUITY AND UNITHOLDERS' EQUITY
Current liabilities
Accounts payable	$5,473,889	$6,505,482
Other current liabilities	7,883,212	5,985,727
Derivative liabilities	3,165,270	254,654
Total current liabilities	16,522,371	12,745,863
Operating lease liabilities, excluding current portion	4,652,678	3,562,110
Derivative liabilities	1,988,387	879,559
Long-term debt	298,996,274	239,159,776
Other liabilities	41,670	72,920
Total liabilities	322,201,380	256,420,228
Commitments and contingencies (Note 16)
Mezzanine equity:
Series A preferred units (325,000 units issued and outstanding as of March 31, 2025 and December 31, 2024)	316,396,786	316,002,143
Kimbell Royalty Partners, LP unitholders' equity:
Common units (93,396,488 units and 80,969,651 units issued and outstanding as of March 31, 2025 and December 31, 2024, respectively)	594,230,792	463,495,360
Class B units (14,491,540 units and 14,524,120 units issued and outstanding as of March 31, 2025 and December 31, 2024, respectively)	724,577	726,206
Total Kimbell Royalty Partners, LP unitholders' equity	594,955,369	464,221,566
Non-controlling interest in OpCo	92,314,174	83,270,826
Total unitholders' equity	687,269,543	547,492,392
Total liabilities, mezzanine equity and unitholders' equity	$1,325,867,709	$1,119,914,763

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.