Kimbell Royalty Partners, LP

For the period ended Jun 30, 2025. Filed Aug 7, 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.

Jun 30, 2025 · Filed Aug 7, 2025

KRP$15.04-0.7%Stored close · as of Nov 9, 2026

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

See the whole filing, with its images and exhibits

Contents

Consolidated Balance Sheets


· · June 30, · · December 31,
· · 2025 · · 2024
		(In thousands, except unit amounts)
ASSETS
Current assets
Cash and cash equivalents	$34,524		$34,168
Oil, natural gas and NGL receivables	47,989		45,924
Derivative assets	3,773		2,404
Accounts receivable and other current assets	1,963		2,771
Total current assets	88,249		85,267
Property and equipment, net	557		267
Oil and natural gas properties
Oil and natural gas properties, using full cost method of accounting ($203,608 and $115,200 excluded from depletion at June 30, 2025 and December 31, 2024, respectively)	2,271,464		2,048,712
Less: accumulated depreciation, depletion and impairment	(1,085,279)		(1,023,890)
Total oil and natural gas properties, net	1,186,185		1,024,822
Right-of-use assets, net	4,783		3,730
Derivative assets	267		566
Loan origination costs, net	4,895		5,263
Total assets	$1,284,936		$1,119,915

LIABILITIES, MEZZANINE EQUITY AND UNITHOLDERS' EQUITY
Current liabilities
Accounts payable	$3,093		$6,505
Other current liabilities	13,092		5,986
Derivative liabilities	—		255
Total current liabilities	16,185		12,746
Operating lease liabilities, excluding current portion	4,573		3,562
Derivative liabilities	669		879
Long-term debt	462,096		239,160
Other liabilities	10		73
Total liabilities	483,533		256,420
Commitments and contingencies (Note 16)
Mezzanine equity:
Series A preferred units (162,500 and 325,000 units issued and outstanding as of June 30, 2025 and December 31, 2024)	158,395		316,002
Kimbell Royalty Partners, LP unitholders' equity:
Common units (93,396,488 units and 80,969,651 units issued and outstanding as of June 30, 2025 and December 31, 2024, respectively)	555,914		463,496
Class B units (14,491,540 units and 14,524,120 units issued and outstanding as of June 30, 2025 and December 31, 2024, respectively)	724		726
Total Kimbell Royalty Partners, LP unitholders' equity	556,638		464,222
Non-controlling interest in OpCo	86,370		83,271
Total unitholders' equity	643,008		547,493
Total liabilities, mezzanine equity and unitholders' equity	$1,284,936		$1,119,915

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.