Kimbell Royalty Partners, LP
For the period ended Mar 31, 2025. Filed May 8, 2025.
View on SEC.govAbout 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$15.15+0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Cash Flows
| | | | | | | |
|---|---|---|---|---|---|---|
| · · Three Months Ended March 31, | ||||||
| | | 2025 | 2024 | |||
| CASH FLOWS FROM OPERATING ACTIVITIES | | | | | | |
| Net income | | $25,853,195 | | $9,336,939 | ||
| Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | |
| Depreciation and depletion expense | | | 31,118,095 | | | 38,166,806 |
| Impairment of oil and natural gas properties | | | — | | | 5,963,575 |
| Amortization of right-of-use assets | | | 85,055 | | | 86,324 |
| Amortization of loan origination costs | | | 534,205 | | | 530,130 |
| Unit-based compensation | | | 3,861,815 | | | 3,684,080 |
| Forfeiture of restricted units | | | (56,807) | | | — |
| Loss on derivative instruments, net of settlements | | | 6,988,979 | | | 8,737,714 |
| Changes in operating assets and liabilities: | | | | | | |
| Oil, natural gas and NGL receivables | | | (15,074,138) | | | 4,316,194 |
| Accounts receivable and other current assets | | | 16,361 | | | (1,149,530) |
| Accounts payable | | | (938,173) | | | 312,764 |
| Other current liabilities | | | 1,825,602 | | | (847,611) |
| Operating lease liabilities | | | (61,512) | | | (91,769) |
| Net cash provided by operating activities | | | 54,152,677 | | | 69,045,616 |
| CASH FLOWS FROM INVESTING ACTIVITIES | | | | | | |
| Purchases of property and equipment | | | (343,600) | | | (69,763) |
| Proceeds from sale of property and equipment | | | 12,415 | | | — |
| Purchase of oil and natural gas properties | | | (222,618,800) | | | (21,605) |
| Net cash used in investing activities | | | (222,949,985) | | | (91,368) |
| CASH FLOWS FROM FINANCING ACTIVITIES | | | | | | |
| Proceeds from equity offering, net of issuance costs | | | 163,574,081 | | | — |
| Redemption of Class B contributions on converted units | | | (1,629) | | | — |
| Distribution to common unitholders | | | (37,358,595) | | | (32,097,985) |
| Distribution to OpCo unitholders | | | (5,796,616) | | | (9,462,525) |
| Distribution on Series A preferred units | | | (4,901,639) | | | (4,915,069) |
| Distribution on Class B units | | | (14,492) | | | (20,847) |
| Borrowings on long-term debt | | | 74,136,498 | | | 4,959,776 |
| Repayments on long-term debt | | | (14,300,000) | | | (13,800,000) |
| Payment of loan origination costs | | | — | | | (16,499) |
| Restricted units repurchased for tax withholding | | | (5,080,939) | | | (4,914,149) |
| Net cash provided by (used in) financing activities | | | 170,256,669 | | | (60,267,298) |
| NET INCREASE IN CASH AND CASH EQUIVALENTS | | | 1,459,361 | | | 8,686,950 |
| CASH AND CASH EQUIVALENTS, beginning of period | | | 34,168,424 | | | 30,992,670 |
| CASH AND CASH EQUIVALENTS, end of period | | $35,627,785 | | $39,679,620 | ||
| Supplemental cash flow information: | | | | | | |
| Cash paid for interest | | $4,679,794 | | $6,696,655 | ||
| Non-cash investing and financing activities: | | | | | | |
| Deemed distribution to Series A preferred units | | $394,643 | | $394,643 | ||
| Distribution on Series A preferred units in accounts payable | | $4,808,219 | | $4,861,644 | ||
| Recognition of tenant improvement asset | | $31,250 | | $31,250 | ||
| Right-of-use assets obtained in exchange for operating lease liabilities | | $1,223,963 | | $— | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.