Kimbell Royalty Partners

Description

Kimbell Royalty Partners, LP, together with its subsidiaries, engages in acquiring and owning mineral and royalty interests in oil and natural gas properties in the United States. It serves as the general partner of the company. The company was incorporated in 2015 and is based in Fort Worth, Texas.

About

CEO
Mr. Robert Dean Ravnaas
Employees
0
Instrument type
Limited Partnership
Sector
Energy
Industry
Oil & Gas E&P
MIC code
XNYS
Address
777 Taylor Street, Fort Worth, TX 76102, United States
Phone
817 945 9700
Website
Chart Image
× Enlarged Chart
Oscillators
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Summary
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Earnings

Date Estimate EPS Actual EPS Difference % Surprise
Nov 5, 2025
Jul 30, 2025
Apr 30, 2025
Feb 27, 2025 0.16
Feb 19, 2025 0.16

Earnings estimate

Next Quarter
(Mar 2025)
Next Year
(Dec 2025)
Number of analysts 4 4
Average estimate 0.23 0.95
Low estimate 0.13 0.52
High estimate 0.34 1.36
Last year EPS 0.14 0.63
[stock_revenue_estimate]

Growth estimates

Current qtr
1.190%
Next qtr. (Mar 2025)
62.700%
Current year
-1.660%
Next year (Dec 2025)
50.510%
Next 5 years (per annum)
Past 5 years (per annum)

Analyst Ratings

Date Firm Action Rating Price Target
Jan 23, 2025
Raymond James
John Freeman
Maintains Strong Buy ▲ Raises $19 → $23
Jan 13, 2025
Truist Securities
Neal Dingmann
Maintains Buy ▲ Raises $21 → $22
Oct 16, 2024
Keybanc
Tim Rezvan
Maintains Overweight ▼ Lowers $21 → $20
Sep 30, 2024
Truist Securities
Neal Dingmann
Maintains Buy ▼ Lowers $23 → $21
Aug 2, 2024
Truist Securities
Neal Dingmann
Maintains Buy ▲ Raises $22 → $23
Jul 22, 2024
Truist Securities
Neal Dingmann
Maintains Buy ▲ Raises $21 → $22
Jun 14, 2024
B of A Securities
Noah Hungness
Reinstates Underperform Announces $16
Apr 22, 2024
Keybanc
Tim Rezvan
Maintains Overweight ▲ Raises $20 → $21
Apr 5, 2024
Truist Securities
Neal Dingmann
Maintains Buy ▼ Lowers $22 → $21
Jan 30, 2024
Truist Securities
Neal Dingmann
Initiates Buy Announces $22
Jan 24, 2024
Raymond James
John Freeman
Maintains Strong Buy ▼ Lowers $22 → $20
Jan 11, 2024
Keybanc
Tim Rezvan
Maintains Overweight ▼ Lowers $21 → $20
Nov 27, 2023
Stifel
Derrick Whitfield
Maintains Buy ▼ Lowers $22 → $21
Aug 25, 2023
Stifel
Derrick Whitfield
Maintains Buy ▲ Raises $19 → $22
Aug 7, 2023
Raymond James
John Freeman
Maintains Strong Buy ▲ Raises $20 → $22
Jul 7, 2023
Raymond James
John Freeman
Maintains Strong Buy ▼ Lowers $21 → $20
Jun 30, 2023
Citigroup
Paul Diamond
Reiterates Buy Maintains $20
Apr 14, 2023
Raymond James
John Freeman
Maintains Strong Buy ▲ Raises $19 → $21
Apr 12, 2023
Stifel
Derrick Whitfield
Maintains Buy ▼ Lowers $22 → $18
Mar 27, 2023
Raymond James
John Freeman
Maintains Strong Buy ▼ Lowers $23 → $19
Mar 7, 2023
Keybanc
Tim Rezvan
Upgrade Overweight Announces $21
Jan 26, 2023
Raymond James
John Freeman
Maintains Strong Buy ▼ Lowers $26 → $23
Sep 20, 2022
Keybanc
Tim Rezvan
Initiates Sector Weight
Aug 25, 2022
Citigroup
Paul Diamond
Initiates Buy Announces $24
Jul 26, 2022
Raymond James
John Freeman
Maintains Strong Buy ▲ Raises $25 → $26
May 2, 2022
Wells Fargo
Nitin Kumar
Maintains Overweight ▲ Raises $19 → $21
Apr 25, 2022
Raymond James
John Freeman
Maintains Strong Buy ▲ Raises $22 → $25
Apr 14, 2022
Stephens & Co.
Initiates Overweight
Apr 11, 2022
Keybanc
Leo Mariani
Maintains Overweight ▲ Raises $17 → $18
Mar 28, 2022
Raymond James
John Freeman
Maintains Strong Buy ▲ Raises $21 → $22

Income statement

2023 2022 2021 2020 2019
Fiscal date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total reported revenue 273.18M 285.04M 178.41M 92.93M 109.96M
Cost of revenue 116.80M 66.33M 47.28M 54.38M 59.84M
Gross profit 156.38M 218.71M 131.13M 38.55M 50.12M
Operating expense
Research & development
Selling general and admin 49.17M 44.82M 39.03M 35.28M 30.81M
Other operating expenses
Operating income 107.21M 173.90M 92.10M 3.28M 19.31M
Non operating interest income
Income 3.51M 3.72M
Expense 25.95M 13.82M 9.18M 6.43M 5.81M
Other income expense 2.01M -30.27M -40.41M -253.82M -170.80M
Pretax income 86.77M 133.53M 42.51M -256.98M -157.31M
Tax provision 3.77M 2.74M 74,100 -885,193 899,425
Net income 83.01M 130.79M 42.44M -256.09M -158.21M
Basic EPS 0.93 1.75 0.56 -4.85 -3.92
Diluted EPS 0.91 1.72 0.51 -4.85 -3.92
Basic average shares 66.60M 54.11M 40.40M 34.53M 21.19M
Diluted average shares 66.60M 54.11M 40.40M 34.53M 21.19M
EBITDA 207.35M 234.74M 131.58M 52.20M 71.66M
Net income from continuing op. 83.01M 130.79M 42.44M -256.09M -158.21M
Minority interests -16.46M -18.82M -8.50M 96.64M 89.15M
Preferred stock dividends -1.57M 17.41M 94,429

Balance sheet

2023 2022 2021 2020 2019
Fiscal date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total assets 1.34B 1.08B 601.49M 564.63M 748.59M
Current assets
Cash
Cash equivalents
Cash and cash equivalents 30.99M 24.64M 7.05M 9.80M 14.20M
Other short term investments
Accounts receivable 60.72M 50.56M 38.20M 18.53M 19.25M
Other receivables
Inventory
Prepaid assets
Restricted cash
Assets held for sale
Hedging assets 11.43M 166,307 687,933
Other current assets
Non current assets
Properties 2.78M 3.48M 4.73M 5.09M 4.73M
Land and improvements
Machinery furniture equipment
Construction in progress
Leases
Accumulated depreciation -827.03M -712.72M -663.60M -628.10M -328.91M
Goodwill
Investment properties
Financial assets 2.89M 754,786 1.59M 116,568
Intangible assets
Investments and advances 4.74M 5.13M 2.95M
Other non current assets 7.33M 244.02M 4.21M 5.09M 4.43M
Total liabilities 309.32M 263.34M 252.64M 186.33M 108.70M
Current liabilities
Accounts payable 6.59M 1.21M 811,019 888,735 1.21M
Accrued expenses
Short term debt
Deferred revenue
Tax payable
Pensions
Other current liabilities 6.38M 17.56M 27.51M 7.88M 4.23M
Non current liabilities
Long term debt 296.09M 235.25M 219.68M 174.40M 103.26M
Provision for risks and charges
Deferred liabilities
Derivative product liabilities 60,094 432,142 4.19M 3.17M
Other non current liabilities 197,917 835,642 447,918
Shareholders equity
Common stock
Retained earnings
Other shareholders equity
Total shareholders equity 1.03B 813.41M 348.85M 378.30M 639.89M
Additional paid in capital
Treasury stock
Minority interest 42.47M 210.79M 19.25M 77.00M 281.16M

Cash flow statement

202320222021202020192018201620152014
Operating Activities
Net Income83.01M130.79M42.44M-256.09M-158.21M-52.28M-6.21M-31.31M-7.41M
Depreciation96.81M50.41M37.10M48.26M52.27M25.21M1.60M4.01M4.04M
Deferred Taxes
Stock-Based Compensation13.11M11.11M10.63M9.26M7.50M3.17M605,059605,059151,265
Other Non-Cash Items-2.25M-1.78M1.56M980,7511.05M466,00212,60026,64434,916
Accounts Receivable-10.16M-12.36M-19.67M720,9184.38M-6.86M960,717-900,222-373,644
Accounts Payable509,400399,318-77,716-319,001-125,387985,936-952,8001.60M77,152
Other Assets & Liabilities915,136-2.37M-770,642-18,346903,147-259,55476,54115,124100,026
Operating Cash Flow181.94M176.20M71.20M-197.20M-92.22M-29.56M-3.91M-25.95M-3.38M
Investing Activities
Capital Expenditures-490.81M-141.46M-56.07M-88.60M-12.72M-200.93M-97,464-538,640-53.46M
Net Intangibles
Net Acquisitions244.10M-2.23M-2.97M
Purchase of Investments-236.90M
Sale of Investments
Investing Cash Flow-246.68M-378.36M-56.07M-90.83M-15.68M-200.93M-97,464-538,640-53.46M
Financing Activities
Long-Term Debt Issuance201.08M199.20M136.57M162.61M12.83M124.34M3.05M45.02M
Long-Term Debt Payments-139.90M-183.30M-91.00M-91.20M-67.87M-850,000-605,000-36.01M
Other Financing Charges-249.91M224.26M-684,767-4.45M-806,389-3.39M-13,000-122,896
Financing Cash Flow78.38M226.06M-38.62M24.18M-66.68M177.87M-863,000-2.06M39.65M
Other Cash Details
End Cash Position30.99M25.03M7.05M9.80M14.20M15.77M505,880379,741268,066
Income Tax Paid2.28M3.08M801,66925,8927,35811,362
Interest Paid23.73M11.21M7.54M5.35M5.18M3.29M373,513333,289247,921
Free Cash Flow-316.54M25.18M35.37M-26.35M67.98M-178.30M989,1392.17M-49.43M
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