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
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Oscillators
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Summary
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Moving Averages
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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
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Net Income | 83.01M | 130.79M | 42.44M | -256.09M | -158.21M | -52.28M | -6.21M | -31.31M | -7.41M |
| Depreciation | 96.81M | 50.41M | 37.10M | 48.26M | 52.27M | 25.21M | 1.60M | 4.01M | 4.04M |
| Deferred Taxes | — | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | 13.11M | 11.11M | 10.63M | 9.26M | 7.50M | 3.17M | 605,059 | 605,059 | 151,265 |
| Other Non-Cash Items | -2.25M | -1.78M | 1.56M | 980,751 | 1.05M | 466,002 | 12,600 | 26,644 | 34,916 |
| Accounts Receivable | -10.16M | -12.36M | -19.67M | 720,918 | 4.38M | -6.86M | 960,717 | -900,222 | -373,644 |
| Accounts Payable | 509,400 | 399,318 | -77,716 | -319,001 | -125,387 | 985,936 | -952,800 | 1.60M | 77,152 |
| Other Assets & Liabilities | 915,136 | -2.37M | -770,642 | -18,346 | 903,147 | -259,554 | 76,541 | 15,124 | 100,026 |
| Operating Cash Flow | 181.94M | 176.20M | 71.20M | -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 Acquisitions | 244.10M | — | — | -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 Issuance | 201.08M | 199.20M | 136.57M | 162.61M | 12.83M | 124.34M | — | 3.05M | 45.02M |
| Long-Term Debt Payments | -139.90M | -183.30M | -91.00M | -91.20M | — | -67.87M | -850,000 | -605,000 | -36.01M |
| Other Financing Charges | -249.91M | 224.26M | -684,767 | -4.45M | -806,389 | -3.39M | -13,000 | — | -122,896 |
| Financing Cash Flow | 78.38M | 226.06M | -38.62M | 24.18M | -66.68M | 177.87M | -863,000 | -2.06M | 39.65M |
| Other Cash Details | |||||||||
| End Cash Position | 30.99M | 25.03M | 7.05M | 9.80M | 14.20M | 15.77M | 505,880 | 379,741 | 268,066 |
| Income Tax Paid | 2.28M | 3.08M | — | — | 801,669 | — | 25,892 | 7,358 | 11,362 |
| Interest Paid | 23.73M | 11.21M | 7.54M | 5.35M | 5.18M | 3.29M | 373,513 | 333,289 | 247,921 |
| Free Cash Flow | -316.54M | 25.18M | 35.37M | -26.35M | 67.98M | -178.30M | 989,139 | 2.17M | -49.43M |
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