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Kimbell Royalty (KRP) Financials

Kimbell Royalty logo
$14.63 +0.06 (+0.42%)
Closing price 06/20/2025 03:59 PM Eastern
Extended Trading
$14.62 -0.01 (-0.08%)
As of 06/20/2025 04:04 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
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Annual Income Statements for Kimbell Royalty

Annual Income Statements for Kimbell Royalty

This table shows Kimbell Royalty's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 -31 -6.21 -57 -83 -167 23 112 60 -8.77
Consolidated Net Income / (Loss)		 -31 -6.21 -52 -158 -256 42 131 83 11
Net Income / (Loss) Continuing Operations		 -31 -6.21 -52 -158 -256 42 131 83 11
Total Pre-Tax Income 		-31 -6.19 -52 -157 -257 43 134 87 10
Total Operating Income		 -31 -5.77 -48 -152 -251 49 137 110 37
Total Gross Profit		 4.68 3.61 70 108 90 136 248 294 309
Total Revenue		 4.68 3.61 70 108 90 136 248 294 309
Operating Revenue		 4.68 3.61 67 110 93 178 285 273 311
Other Revenue		 - - 3.33 -1.73 -2.45 -43 -37 21 -1.35
Total Cost of Revenue		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Operating Expenses		 36 9.37 118 260 341 86 111 184 272
Selling, General & Admin Expense		 1.79 1.75 17 23 26 27 29 36 39
Marketing Expense		 1.17 1.03 9.05 16 16 23 30 33 37
Depreciation Expense		 4.01 1.60 25 52 48 37 50 96 135
Other Operating Expenses / (Income)		 - - - - - 0.00 2.30 0.93 0.00
Impairment Charge		 29 4.99 67 169 252 0.00 0.00 18 62
Total Other Income / (Expense), net		 -0.39 -0.42 -4.09 -5.73 -6.24 -6.80 -3.38 -23 -27
Interest Expense		 0.39 0.42 4.09 5.81 6.91 9.18 14 26 27
Interest & Investment Income		 - - 0.00 0.08 0.76 1.12 6.39 3.51 0.00
Other Income / (Expense), net		 - - 0.00 0.00 -0.10 1.26 4.04 -0.18 0.00
Income Tax Expense		 -0.03 0.02 0.02 0.90 -0.89 0.07 2.74 3.77 -0.77
Preferred Stock Dividends Declared		 - - 6.31 14 7.81 11 0.00 6.31 21
Net Income / (Loss) Attributable to Noncontrolling Interest		 - - -1.86 -89 -97 8.50 19 16 -1.25
Basic Earnings per Share		 ($51.83) ($10.28) ($3.08) ($3.92) ($4.85) $0.56 $1.75 $0.93 ($0.12)
Weighted Average Basic Shares Outstanding		 604.14K 604.14K 18.44M 21.19M 34.53M 40.40M 54.11M 66.60M 76.24M
Diluted Earnings per Share		 ($51.83) ($10.28) ($3.08) ($3.92) ($4.85) $0.51 $1.72 $0.91 ($0.12)
Weighted Average Diluted Shares Outstanding		 604.14K 604.14K 18.44M 21.19M 34.53M 60.96M 65.84M 93.06M 116.05M
Weighted Average Basic & Diluted Shares Outstanding		 - - 18.44M 21.19M 34.53M 40.40M 54.11M 66.60M 76.24M

Quarterly Income Statements for Kimbell Royalty

This table shows Kimbell Royalty's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 38 28 23 13 14 9.79 3.19 8.43 17 -38 18
Consolidated Net Income / (Loss)		 44 35 29 18 18 18 9.34 15 26 -39 26
Net Income / (Loss) Continuing Operations		 44 35 29 18 18 18 9.34 15 26 -39 26
Total Pre-Tax Income 		44 36 30 19 19 19 10 17 28 -45 27
Total Operating Income		 46 39 33 25 25 27 18 24 34 -39 34
Total Gross Profit		 73 69 67 61 67 99 82 77 84 67 84
Total Revenue		 73 69 67 61 67 99 82 77 84 67 84
Operating Revenue		 74 65 58 59 72 85 88 78 74 71 90
Other Revenue		 -1.12 3.22 9.06 1.73 -4.58 15 -5.70 -1.05 9.55 -4.15 -6.05
Total Cost of Revenue		 0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Total Operating Expenses		 27 30 34 36 42 73 65 53 50 105 51
Selling, General & Admin Expense		 7.48 6.45 8.28 7.93 10 9.12 9.45 10 9.47 9.37 9.64
Marketing Expense		 7.59 5.44 7.04 8.31 8.50 9.04 11 9.40 7.95 8.08 9.88
Depreciation Expense		 11 17 18 20 23 36 38 33 32 32 31
Impairment Charge		 - - 0.00 0.00 0.00 18 5.96 0.00 0.00 56 0.00
Total Other Income / (Expense), net		 -2.38 -2.73 -3.06 -5.90 -6.68 -7.46 -7.30 -6.95 -6.49 -5.96 -6.63
Interest Expense		 3.67 3.95 5.46 6.82 6.68 7.47 7.30 6.95 6.49 5.96 6.62
Other Income / (Expense), net		 0.08 - - -0.18 0.00 - - 0.00 0.00 - -0.01
Income Tax Expense		 -0.22 0.89 1.40 0.91 0.13 1.33 0.92 1.76 1.91 -5.36 1.09
Preferred Stock Dividends Declared		 0.00 - 0.00 0.00 1.04 5.27 5.26 5.24 5.30 5.30 5.20
Net Income / (Loss) Attributable to Noncontrolling Interest		 5.49 6.85 5.56 4.30 3.84 2.76 0.89 1.51 3.12 -6.78 2.77
Basic Earnings per Share		 $0.69 $0.60 $0.37 $0.24 $0.20 $0.12 $0.04 $0.11 $0.22 ($0.49) $0.20
Weighted Average Basic Shares Outstanding		 55.43M 54.11M 62.54M 63.27M 68.54M 66.60M 72.11M 74.83M 78.98M 76.24M 89.68M
Diluted Earnings per Share		 $0.59 $0.78 $0.36 $0.23 $0.19 $0.13 $0.04 $0.11 $0.22 ($0.49) $0.20
Weighted Average Diluted Shares Outstanding		 65.54M 65.84M 79.76M 82.96M 94.97M 93.06M 116.54M 116.59M 116.41M 116.05M 127.95M
Weighted Average Basic & Diluted Shares Outstanding		 55.43M 54.11M 62.54M 63.27M 68.54M 66.60M 72.11M 74.83M 78.98M 76.24M 89.68M

Annual Cash Flow Statements for Kimbell Royalty

This table details how cash moves in and out of Kimbell Royalty's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 0.11 0.13 10 -1.57 -4.40 -2.75 -437 5.97 3.18
Net Cash From Operating Activities		 2.71 1.09 33 81 62 91 167 174 251
Net Cash From Continuing Operating Activities		 2.71 1.09 33 81 62 91 167 174 251
Net Income / (Loss) Continuing Operations		 -31 -6.21 -52 -158 -256 42 131 83 11
Consolidated Net Income / (Loss)		 -31 -6.21 -52 -158 -256 42 131 83 11
Depreciation Expense		 4.01 1.60 25 52 48 37 50 96 135
Amortization Expense		 0.03 0.01 0.47 1.20 1.38 1.85 2.19 2.28 2.48
Non-Cash Adjustments To Reconcile Net Income		 30 5.53 59 184 270 13 -18 -10 104
Changes in Operating Assets and Liabilities, net		 0.25 0.15 0.91 1.18 -0.68 -2.93 1.57 2.60 -1.56
Net Cash From Investing Activities		 -0.54 -0.10 -201 -16 -91 -56 -375 -247 -0.21
Net Cash From Continuing Investing Activities		 -0.54 -0.10 -201 -16 -91 -56 -375 -247 -0.21
Purchase of Property, Plant & Equipment		 -0.54 -0.10 -212 -13 -89 -56 -141 -491 -0.21
Purchase of Investments		 - - 0.00 -2.97 -2.23 0.00 -237 0.00 0.00
Sale and/or Maturity of Investments		 - - 0.00 0.09 0.00 0.50 3.64 243 0.00
Other Investing Activities, net		 - - - - - 0.00 0.00 0.96 0.00
Net Cash From Financing Activities		 -2.06 -0.86 178 -67 24 -39 226 78 -248
Net Cash From Continuing Financing Activities		 -2.06 -0.86 178 -67 24 -39 -229 78 -248
Repayment of Debt		 -0.61 -0.86 -71 -0.09 -96 -92 -184 -147 -60
Repurchase of Common Equity		 - - - - 0.00 -2.06 -6.01 -4.85 -4.91
Payment of Dividends		 -4.51 - -41 -43 -34 -50 -107 -121 -155
Issuance of Debt		 3.05 - 124 13 163 137 199 201 4.96
Issuance of Preferred Equity		 - - 103 - - 0.00 0.00 314 0.00
Issuance of Common Equity		 - - - - - 58 -228 111 0.00
Other Financing Activities, net		 - - 62 -36 53 -22 97 -275 -32
Cash Interest Paid		 0.33 0.37 3.29 5.18 5.35 7.54 11 24 25
Cash Income Taxes Paid		 0.01 0.03 0.00 0.80 0.00 0.00 3.08 2.28 0.00

Quarterly Cash Flow Statements for Kimbell Royalty

This table details how cash moves in and out of Kimbell Royalty's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Change in Cash & Equivalents		 3.00 -447 -5.85 1.60 19 -8.54 8.69 -8.73 3.76 -0.54 1.46
Net Cash From Operating Activities		 52 39 47 32 36 59 69 63 62 57 54
Net Cash From Continuing Operating Activities		 52 39 47 32 36 59 69 63 62 57 54
Net Income / (Loss) Continuing Operations		 44 35 29 18 18 18 9.34 15 26 -39 26
Consolidated Net Income / (Loss)		 44 35 29 18 18 18 9.34 15 26 -39 26
Depreciation Expense		 11 17 18 20 23 36 38 33 32 32 31
Amortization Expense		 0.56 0.57 0.60 0.58 0.49 0.61 0.62 0.62 0.62 0.62 0.62
Non-Cash Adjustments To Reconcile Net Income		 -4.25 -12 -0.80 -8.89 -8.89 8.48 23 10 1.19 70 -4.28
Changes in Operating Assets and Liabilities, net		 0.07 -1.72 0.79 2.37 3.25 -3.81 -1.68 3.76 2.64 -6.28 0.84
Net Cash From Investing Activities		 -0.04 -141 -0.32 200 -446 -0.56 -0.09 -0.04 -0.04 -0.03 -223
Net Cash From Continuing Investing Activities		 -0.04 -141 -0.32 200 -446 -0.56 -0.09 -0.04 -0.04 -0.03 -223
Purchase of Property, Plant & Equipment		 -0.04 -141 -0.32 -44 -446 -0.56 -0.09 -0.04 -0.04 -0.03 -223
Sale of Property, Plant & Equipment		 - - - - - - - - - - 0.01
Net Cash From Financing Activities		 -49 110 -53 -230 428 -67 -60 -72 -59 -57 170
Net Cash From Continuing Financing Activities		 -49 -345 -53 -230 428 -67 -60 -72 -59 -57 170
Repayment of Debt		 -19 -127 -13 -14 -101 -18 -14 -20 -14 -13 -14
Repurchase of Common Equity		 -3.34 - -4.85 - - - -4.91 - - - -5.08
Payment of Dividends		 -32 -32 -31 -23 -29 -39 -37 -41 -39 -38 -42
Issuance of Debt		 7.00 156 4.00 55 142 - 4.96 - - - 74
Issuance of Common Equity		 - -455 - - - - - - - - 164
Other Financing Activities, net		 -1.45 113 -7.44 -248 -8.15 -11 -9.46 -11 -6.16 -5.97 -5.81
Cash Interest Paid		 3.00 3.18 5.11 5.86 5.96 6.81 6.70 6.63 6.04 5.91 4.68

Annual Balance Sheets for Kimbell Royalty

This table presents Kimbell Royalty's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Total Assets		 21 295 753 749 565 601 1,077 1,338 1,120
Total Current Assets		 1.32 13 38 34 28 45 75 103 85
Cash & Equivalents		 0.51 5.63 16 14 9.80 7.05 25 31 34
Accounts Receivable		 0.82 7.03 19 19 19 38 51 61 49
Other Current Assets		 - - 2.98 0.69 0.00 0.17 241 11 2.40
Plant, Property, & Equipment, net		 19 282 711 706 523 541 754 1,222 1,025
Plant, Property & Equipment, gross		 71 298 819 1,033 1,149 1,204 1,466 2,049 2,049
Accumulated Depreciation		 52 15 108 329 628 664 713 827 1,024
Total Noncurrent Assets		 0.01 0.26 4.43 8.69 13 15 6.28 12 9.56
Other Noncurrent Operating Assets		 - - 1.25 3.52 3.12 4.44 3.28 5.08 4.30
Other Noncurrent Nonoperating Assets		 0.01 0.26 3.18 2.22 5.09 4.21 3.00 7.33 5.26
Total Liabilities & Shareholders' Equity		 21 295 753 749 565 601 1,077 1,338 1,120
Total Liabilities		 12 33 91 109 186 253 263 309 256
Total Current Liabilities		 1.17 2.25 3.80 5.44 8.77 28 19 13 13
Accounts Payable		 1.03 0.32 1.33 1.21 0.89 0.81 1.21 6.59 6.51
Accrued Expenses		 0.11 1.75 2.47 4.23 4.77 3.32 4.91 6.17 5.99
Other Current Liabilities		 0.03 0.18 - 0.00 3.11 24 13 0.21 0.25
Total Noncurrent Liabilities		 11 31 87 103 178 224 244 296 244
Long-Term Debt		 11 31 87 100 172 217 233 294 239
Capital Lease Obligations		 - - - - - - - 1.89 3.56
Other Noncurrent Operating Liabilities		 0.12 0.13 - 3.12 6.02 7.20 11 0.26 0.95
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 - - 69 75 43 0.00 237 314 316
Total Equity & Noncontrolling Interests		 8.63 262 593 565 336 349 577 714 547
Total Preferred & Common Equity		 8.63 262 301 284 259 330 465 557 464
Total Common Equity		 8.63 262 301 284 259 330 465 557 464
Common Stock		 - 262 301 284 259 330 465 557 464
Noncontrolling Interest		 - - 292 281 77 19 112 157 83

Quarterly Balance Sheets for Kimbell Royalty

This table presents Kimbell Royalty's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025
Total Assets		 822 1,046 934 1,390 1,291 1,243 1,215 1,326
Total Current Assets		 66 58 71 105 103 89 92 99
Cash & Equivalents		 17 19 21 40 40 31 35 36
Accounts Receivable		 49 39 48 64 58 56 51 64
Other Current Assets		 0.00 - 1.79 1.49 6.07 2.38 6.82 0.00
Plant, Property, & Equipment, net		 510 0.87 853 1,276 1,178 1,145 1,113 1,217
Plant, Property & Equipment, gross		 1,205 1,466 1,602 2,048 2,049 2,049 2,049 2,271
Accumulated Depreciation		 696 730 750 773 871 904 936 1,055
Total Noncurrent Assets		 245 987 10 8.46 9.59 8.71 9.48 9.60
Other Noncurrent Operating Assets		 241 984 3.94 2.41 2.78 2.43 3.69 4.87
Other Noncurrent Nonoperating Assets		 3.27 2.49 6.31 6.05 6.81 6.28 5.79 4.73
Total Liabilities & Shareholders' Equity		 822 1,046 934 1,390 1,291 1,243 1,215 1,326
Total Liabilities		 248 244 282 329 301 284 272 322
Total Current Liabilities		 31 8.14 10 15 12 16 18 17
Accounts Payable		 0.87 0.92 1.37 3.19 6.85 6.50 6.87 5.47
Accrued Expenses		 6.42 5.17 8.34 11 5.33 8.98 11 7.88
Other Current Liabilities		 23 2.06 0.43 1.42 0.00 0.18 0.00 3.17
Total Noncurrent Liabilities		 217 235 272 314 289 269 254 306
Long-Term Debt		 204 224 270 310 285 266 252 299
Capital Lease Obligations		 2.32 - 2.07 1.98 1.80 1.70 1.60 4.65
Other Noncurrent Operating Liabilities		 10 11 0.43 1.76 1.61 1.23 0.11 2.03
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 237 237 0.00 314 315 315 316 316
Total Equity & Noncontrolling Interests		 337 565 652 746 675 643 627 687
Total Preferred & Common Equity		 485 593 597 696 641 723 532 595
Total Common Equity		 485 593 597 696 641 723 532 595
Common Stock		 485 593 597 696 641 723 532 595
Noncontrolling Interest		 -149 565 55 50 34 -80 95 92

Annual Metrics And Ratios for Kimbell Royalty

This table displays calculated financial ratios and metrics derived from Kimbell Royalty's official financial filings.

Metric 2015 2016 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - - - - - - - -
Revenue Growth		 0.00% -23.02% 0.00% 54.11% -16.39% 49.88% 82.91% 18.55% 5.18%
EBITDA Growth		 0.00% 84.58% 0.00% -336.94% -105.04% 144.29% 116.57% 7.87% -16.24%
EBIT Growth		 0.00% 81.37% 0.00% -214.70% -65.48% 120.16% 178.72% -22.18% -66.27%
NOPAT Growth		 0.00% 81.37% 0.00% -214.70% -65.42% 128.05% 172.44% -21.63% -62.17%
Net Income Growth		 0.00% 80.16% 0.00% -202.60% -61.87% 116.57% 208.20% -36.54% -86.66%
EPS Growth		 0.00% 80.17% 0.00% -27.27% -23.72% 110.52% 237.25% -47.09% -113.19%
Operating Cash Flow Growth		 0.00% -59.95% 0.00% 143.06% -22.87% 46.91% 82.23% 4.58% 43.98%
Free Cash Flow Firm Growth		 0.00% 0.00% 0.00% 0.00% 115.92% 89.90% -1,251.07% 51.55% 259.79%
Invested Capital Growth		 0.00% 0.00% 0.00% -1.35% -26.48% 3.80% 85.27% 26.24% -17.06%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% -25.71% -2.24% 31.35% 5.53% 11.58% -9.50%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% -6,739.80% 3.52% 350.45% 6.08% 3.52% -28.53%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% -203.30% 3.74% 167.95% 4.43% -10.18% -63.83%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% -203.30% 3.78% 194.46% 4.98% -11.08% -57.75%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% -190.49% 3.67% 151.67% 3.58% -17.35% -83.76%
EPS Q/Q Growth		 0.00% 0.00% 0.00% -211.11% 13.70% 131.48% 22.86% -41.67% -124.00%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 0.00% 2.69% -3.71% 9.64% 10.82% 13.46% -1.08%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 166.46% -70.43% -125.99% 63.97% -2.21%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% -9.10% -16.36% 13.86% 34.26% -3.09% -7.74%
Profitability Metrics		 - - - - - - - - -
Gross Margin		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
EBITDA Margin		 -574.73% -115.10% -32.02% -90.78% -222.65% 65.79% 77.90% 70.88% 56.45%
Operating Margin		 -660.86% -159.92% -68.59% -140.06% -277.11% 36.36% 55.20% 37.36% 11.96%
EBIT Margin		 -660.86% -159.92% -68.59% -140.06% -277.22% 37.29% 56.83% 37.30% 11.96%
Profit (Net Income) Margin		 -668.40% -172.25% -74.45% -146.18% -283.03% 31.29% 52.73% 28.23% 3.58%
Tax Burden Percent		 99.90% 100.32% 100.05% 100.57% 99.66% 99.83% 97.95% 95.66% 107.49%
Interest Burden Percent		 101.24% 107.37% 108.50% 103.78% 102.45% 84.06% 94.73% 79.10% 27.84%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.17% 2.05% 4.34% -7.49%
Return on Invested Capital (ROIC)		 0.00% -43.16% -4.62% -14.62% -28.07% 9.12% 17.10% 9.12% 3.38%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% -86.31% -31.78% -84.51% -97.45% 5.27% 15.47% -0.42% -9.07%
Return on Net Nonoperating Assets (RNNOA)		 0.00% -100.79% -3.28% -9.68% -22.23% 2.55% 5.41% -0.11% -2.21%
Return on Equity (ROE)		 0.00% -143.95% -7.90% -24.30% -50.30% 11.67% 22.51% 9.01% 1.17%
Cash Return on Invested Capital (CROIC)		 0.00% -243.16% 0.00% -13.26% 2.45% 5.39% -42.69% -14.07% 22.03%
Operating Return on Assets (OROA)		 0.00% -28.08% -9.19% -20.18% -38.20% 8.67% 16.80% 9.09% 3.01%
Return on Assets (ROA)		 0.00% -30.25% -9.97% -21.07% -39.00% 7.28% 15.59% 6.88% 0.90%
Return on Common Equity (ROCE)		 0.00% -143.95% -4.81% -10.91% -26.80% 9.44% 15.38% 5.00% 0.63%
Return on Equity Simple (ROE_SIMPLE)		 0.00% -71.97% -17.38% -55.74% -99.02% 12.88% 28.16% 14.91% 2.38%
Net Operating Profit after Tax (NOPAT)		 -22 -4.04 -34 -106 -176 49 134 105 40
NOPAT Margin		 -462.61% -111.95% -48.01% -98.04% -193.98% 36.30% 54.06% 35.74% 12.86%
Net Nonoperating Expense Percent (NNEP)		 0.00% 43.16% 27.16% 69.88% 69.38% 3.85% 1.63% 9.54% 12.45%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - 16.57% 10.41% 5.03%
Cost of Revenue to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 38.21% 48.42% 23.99% 20.94% 28.63% 19.89% 11.74% 12.13% 12.46%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 760.86% 259.92% 168.63% 240.06% 377.11% 63.64% 44.80% 62.64% 88.04%
Earnings before Interest and Taxes (EBIT)		 -31 -5.77 -48 -152 -251 51 141 110 37
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -27 -4.15 -22 -98 -201 89 193 208 175
Valuation Ratios		 - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.48 0.82 0.75 1.80 1.90 2.25 4.06
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.48 0.82 0.75 1.81 1.90 2.25 4.06
Price to Revenue (P/Rev)		 0.00 0.00 2.07 2.14 2.13 4.38 3.55 4.26 6.09
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 26.19 7.86 20.82 0.00
Dividend Yield		 0.00% 0.00% 21.04% 14.45% 15.58% 11.69% 17.72% 12.84% 10.78%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 3.82% 12.72% 4.80% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.79 0.93 0.89 1.49 1.41 1.55 2.34
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 8.24 6.20 5.18 6.04 5.79 6.77 8.05
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 9.18 7.44 9.55 14.27
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 16.19 10.20 18.15 67.34
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 16.64 10.72 18.94 62.65
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 17.42 8.31 7.54 8.96 8.63 11.42 9.93
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 30.62 28.15 0.00 0.00 9.61
Leverage & Solvency		 - - - - - - - - -
Debt to Equity		 0.00 1.23 0.13 0.16 0.45 0.62 0.29 0.29 0.28
Long-Term Debt to Equity		 0.00 1.23 0.13 0.16 0.45 0.62 0.29 0.29 0.28
Financial Leverage		 0.00 1.17 0.10 0.11 0.23 0.49 0.35 0.25 0.24
Leverage Ratio		 0.00 2.38 1.13 1.15 1.29 1.60 1.44 1.31 1.30
Compound Leverage Factor		 0.00 2.55 1.23 1.20 1.32 1.35 1.37 1.04 0.36
Debt to Total Capital		 0.00% 55.11% 11.65% 13.53% 31.20% 38.36% 22.27% 22.35% 21.94%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 55.11% 11.65% 13.53% 31.20% 38.36% 22.27% 22.35% 21.94%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 48.22% 48.12% 21.76% 3.40% 33.34% 35.61% 36.09%
Common Equity to Total Capital		 0.00% 44.89% 40.13% 38.35% 47.04% 58.24% 44.39% 42.04% 41.96%
Debt to EBITDA		 0.00 -2.55 -3.88 -1.02 -0.85 2.43 1.21 1.42 1.39
Net Debt to EBITDA		 0.00 -2.43 -3.18 -0.84 -0.78 2.30 1.08 1.27 1.19
Long-Term Debt to EBITDA		 0.00 -2.55 -3.88 -1.02 -0.85 2.43 1.21 1.42 1.39
Debt to NOPAT		 0.00 -2.63 -2.59 -0.94 -0.98 4.41 1.74 2.82 6.10
Net Debt to NOPAT		 0.00 -2.50 -2.12 -0.78 -0.89 4.17 1.55 2.52 5.24
Long-Term Debt to NOPAT		 0.00 -2.63 -2.59 -0.94 -0.98 4.41 1.74 2.82 6.10
Altman Z-Score		 0.00 0.00 0.89 0.80 -0.64 1.95 2.73 3.00 4.87
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 39.10% 55.10% 46.72% 19.10% 31.67% 44.55% 46.03%
Liquidity Ratios		 - - - - - - - - -
Current Ratio		 0.00 1.13 9.90 6.28 3.23 1.60 4.01 7.95 6.69
Quick Ratio		 0.00 1.13 9.11 6.15 3.23 1.60 4.03 7.07 6.50
Cash Flow Metrics		 - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -23 0.00 -96 15 29 -335 -162 259
Operating Cash Flow to CapEx		 503.70% 1,114.88% 15.70% 634.52% 70.26% 163.08% 117.80% 35.51% 119,545.90%
Free Cash Flow to Firm to Interest Expense		 0.00 -53.55 0.00 -16.55 2.22 3.17 -24.23 -6.14 9.71
Operating Cash Flow to Interest Expense		 7.04 2.56 8.11 13.88 9.01 9.96 12.06 6.59 9.40
Operating Cash Flow Less CapEx to Interest Expense		 5.65 2.33 -43.57 11.69 -3.82 3.85 1.82 -11.98 9.39
Efficiency Ratios		 - - - - - - - - -
Asset Turnover		 0.00 0.18 0.13 0.14 0.14 0.23 0.30 0.24 0.25
Accounts Receivable Turnover		 0.00 4.41 5.43 5.68 4.79 4.78 5.59 5.29 5.65
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.00 0.19 0.14 0.15 0.15 0.26 0.38 0.30 0.28
Accounts Payable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Sales Outstanding (DSO)		 0.00 82.83 67.28 64.26 76.19 76.34 65.30 69.06 64.56
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Cash Conversion Cycle (CCC)		 0.00 82.83 67.28 64.26 76.19 76.34 65.30 69.06 64.56
Capital & Investment Metrics		 - - - - - - - - -
Invested Capital		 0.00 19 731 721 530 550 1,019 1,286 1,067
Invested Capital Turnover		 0.00 0.39 0.10 0.15 0.14 0.25 0.32 0.26 0.26
Increase / (Decrease) in Invested Capital		 0.00 19 0.00 -9.88 -191 20 469 267 -219
Enterprise Value (EV)		 0.00 0.00 578 671 469 819 1,437 1,991 2,491
Market Capitalization		 0.00 0.00 145 232 193 594 881 1,254 1,883
Book Value per Share		 $0.00 $14.29 $9.93 $6.05 $4.33 $5.45 $7.09 $5.88 $4.86
Tangible Book Value per Share		 $0.00 $14.29 $9.93 $6.05 $4.33 $5.41 $7.09 $5.88 $4.86
Total Capital		 0.00 19 749 740 550 566 1,046 1,325 1,106
Total Debt		 0.00 11 87 100 172 217 233 296 243
Total Long-Term Debt		 0.00 11 87 100 172 217 233 296 243
Net Debt		 0.00 10 72 83 157 205 208 265 209
Capital Expenditures (CapEx)		 0.54 0.10 212 13 89 56 141 491 0.21
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 -0.35 18 14 9.76 10 31 59 38
Debt-free Net Working Capital (DFNWC)		 0.00 0.15 34 29 20 17 56 90 73
Net Working Capital (NWC)		 0.00 0.15 34 29 20 17 56 90 73
Net Nonoperating Expense (NNE)		 9.64 2.18 19 52 81 6.79 3.32 22 29
Net Nonoperating Obligations (NNO)		 0.00 10 68 81 152 201 205 258 203
Total Depreciation and Amortization (D&A)		 4.04 1.62 26 53 49 39 52 99 138
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% -9.76% 25.69% 13.39% 10.79% 7.41% 12.66% 20.12% 12.40%
Debt-free Net Working Capital to Revenue		 0.00% 4.27% 48.15% 26.52% 21.62% 12.61% 22.75% 30.66% 23.45%
Net Working Capital to Revenue		 0.00% 4.27% 48.15% 26.52% 21.62% 12.61% 22.75% 30.66% 23.45%
Earnings Adjustments		 - - - - - - - - -
Adjusted Basic Earnings per Share		 ($51.83) ($10.28) ($3.08) ($3.92) ($4.85) $0.56 $1.75 $0.00 ($0.12)
Adjusted Weighted Average Basic Shares Outstanding		 604.14K 604.14K 18.44M 21.19M 34.53M 40.40M 54.11M 0.00 76.24M
Adjusted Diluted Earnings per Share		 ($51.83) ($10.28) ($3.08) ($3.92) ($4.85) $0.51 $1.72 $0.00 ($0.12)
Adjusted Weighted Average Diluted Shares Outstanding		 604.14K 604.14K 18.44M 21.19M 34.53M 60.96M 65.84M 0.00 116.05M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 18.44M 21.19M 34.53M 40.40M 54.11M 0.00 76.24M
Normalized Net Operating Profit after Tax (NOPAT)		 -1.60 -0.54 13 12 0.58 49 134 123 69
Normalized NOPAT Margin		 -34.18% -15.04% 19.08% 11.37% 0.64% 36.30% 54.06% 41.67% 22.43%
Pre Tax Income Margin		 -669.09% -171.70% -74.41% -145.35% -284.01% 31.35% 53.83% 29.51% 3.33%
Debt Service Ratios		 - - - - - - - - -
EBIT to Interest Expense		 -80.39 -13.58 -11.77 -26.07 -36.32 5.51 10.20 4.15 1.39
NOPAT to Interest Expense		 -56.28 -9.50 -8.24 -18.25 -25.41 5.36 9.71 3.98 1.49
EBIT Less CapEx to Interest Expense		 -81.79 -13.81 -63.46 -28.26 -49.15 -0.60 -0.04 -14.42 1.38
NOPAT Less CapEx to Interest Expense		 -57.67 -9.73 -59.93 -20.44 -38.24 -0.75 -0.53 -14.59 1.48
Payout Ratios		 - - - - - - - - -
Dividend Payout Ratio		 -14.40% 0.00% -78.32% -27.23% -13.44% 118.08% 82.15% 146.18% 1,403.76%
Augmented Payout Ratio		 -14.40% 0.00% -78.32% -27.23% -13.44% 122.94% 86.74% 152.02% 1,448.16%

Quarterly Metrics And Ratios for Kimbell Royalty

This table displays calculated financial ratios and metrics derived from Kimbell Royalty's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 129.36% 23.35% 98.24% -16.44% -7.84% 44.43% 22.89% 26.04% 24.67% -32.74% 2.40%
EBITDA Growth		 205.08% 24.55% 128.99% -21.07% -15.74% 12.93% 9.43% 28.73% 37.14% -109.87% 15.90%
EBIT Growth		 374.98% 18.18% 197.40% -45.42% -45.11% -31.51% -47.31% -2.31% 35.25% -245.24% 91.13%
NOPAT Growth		 357.86% 20.11% 303.21% -44.40% -45.68% -34.65% -49.72% -8.66% 26.82% -209.23% 101.60%
Net Income Growth		 487.22% 14.73% 243.75% -58.89% -57.85% -49.42% -67.69% -14.67% 39.63% -320.21% 176.89%
EPS Growth		 1,866.67% 69.57% 280.00% -58.18% -67.80% -83.33% -88.89% -52.17% 15.79% -476.92% 400.00%
Operating Cash Flow Growth		 105.20% 72.77% 30.59% -22.03% -29.42% 53.53% 46.74% 99.51% 71.54% -4.62% -21.57%
Free Cash Flow Firm Growth		 -243.03% -3,871.45% 6.06% 50.81% -136.54% 43.73% 3.09% -146.29% 137.33% 179.32% 98.12%
Invested Capital Growth		 57.12% 85.27% 32.78% 17.48% 74.90% 26.24% 22.45% 32.59% -12.88% -17.06% 2.94%
Revenue Q/Q Growth		 0.30% -5.82% -2.57% -9.21% 10.62% 47.60% -17.10% -6.88% 9.42% -20.37% 26.22%
EBITDA Q/Q Growth		 2.36% -3.10% -8.33% -13.20% 9.28% 29.87% -11.17% 2.11% 16.42% -109.35% 1,142.69%
EBIT Q/Q Growth		 2.82% -15.65% -14.25% -26.61% 3.40% 5.26% -34.03% 36.06% 43.16% -213.04% 186.81%
NOPAT Q/Q Growth		 9.67% -18.00% -16.16% -26.25% 7.14% -1.35% -35.50% 33.98% 48.75% -184.97% 219.05%
Net Income Q/Q Growth		 1.27% -19.61% -18.01% -38.42% 3.84% -3.53% -47.63% 62.65% 69.92% -252.14% 165.85%
EPS Q/Q Growth		 7.27% 32.20% -53.85% -36.11% -17.39% -31.58% -69.23% 175.00% 100.00% -322.73% 140.82%
Operating Cash Flow Q/Q Growth		 27.53% -25.06% 21.80% -33.02% 15.45% 63.00% 16.42% -8.93% -0.74% -9.37% -4.28%
Free Cash Flow Firm Q/Q Growth		 -2.78% -87.67% 49.81% 49.19% -394.21% 55.35% 13.56% -29.13% 174.91% -5.15% -102.05%
Invested Capital Q/Q Growth		 -0.56% 34.26% -1.35% -10.81% 48.05% -3.09% -4.31% -3.42% -2.72% -7.74% 18.76%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
EBITDA Margin		 79.49% 81.78% 76.95% 73.56% 72.67% 63.94% 68.52% 75.14% 79.94% -9.39% 77.55%
Operating Margin		 63.08% 56.59% 49.80% 40.56% 37.63% 26.84% 21.35% 31.20% 40.82% -57.95% 39.87%
EBIT Margin		 63.18% 56.59% 49.80% 40.26% 37.63% 26.84% 21.35% 31.20% 40.82% -57.95% 39.86%
Profit (Net Income) Margin		 60.13% 51.32% 43.19% 29.29% 27.50% 17.97% 11.35% 19.83% 30.80% -58.85% 30.70%
Tax Burden Percent		 100.52% 97.54% 95.37% 95.14% 99.31% 93.08% 91.01% 89.62% 93.12% 87.99% 95.96%
Interest Burden Percent		 94.67% 92.97% 90.92% 76.48% 73.58% 71.95% 58.42% 70.93% 81.02% 115.40% 80.27%
Effective Tax Rate		 -0.52% 2.46% 4.63% 4.86% 0.69% 6.92% 8.99% 10.38% 6.88% 0.00% 4.04%
Return on Invested Capital (ROIC)		 24.00% 17.46% 15.16% 12.52% 9.44% 6.37% 5.38% 8.72% 10.46% -10.67% 9.54%
ROIC Less NNEP Spread (ROIC-NNEP)		 22.66% 16.15% 13.76% 9.98% 6.51% 3.37% 2.38% 6.10% 7.94% -15.96% 7.01%
Return on Net Nonoperating Assets (RNNOA)		 9.11% 5.65% 4.18% 3.65% 1.80% 0.85% 0.59% 1.80% 1.90% -3.89% 1.77%
Return on Equity (ROE)		 33.11% 23.10% 19.34% 16.17% 11.24% 7.22% 5.97% 10.52% 12.37% -14.55% 11.31%
Cash Return on Invested Capital (CROIC)		 -23.86% -42.69% -10.22% 0.74% -43.16% -14.07% -12.18% -19.64% 21.35% 22.03% 1.44%
Operating Return on Assets (OROA)		 21.55% 16.73% 14.82% 12.22% 8.97% 6.54% 5.65% 9.32% 10.71% -14.59% 9.48%
Return on Assets (ROA)		 20.50% 15.17% 12.85% 8.90% 6.56% 4.38% 3.01% 5.93% 8.08% -14.81% 7.30%
Return on Common Equity (ROCE)		 28.30% 15.79% 15.11% 14.28% 8.13% 4.00% 4.11% 8.62% 7.58% -7.85% 7.01%
Return on Equity Simple (ROE_SIMPLE)		 26.01% 0.00% 25.51% 21.06% 14.43% 0.00% 9.89% 8.42% 12.81% 0.00% 4.64%
Net Operating Profit after Tax (NOPAT)		 46 38 32 23 25 25 16 21 32 -27 32
NOPAT Margin		 63.40% 55.20% 47.50% 38.58% 37.37% 24.98% 19.43% 27.96% 38.01% -40.57% 38.26%
Net Nonoperating Expense Percent (NNEP)		 1.34% 1.31% 1.40% 2.54% 2.94% 3.00% 2.99% 2.62% 2.52% 5.29% 2.53%
Return On Investment Capital (ROIC_SIMPLE)		 - 4.68% - - - 2.45% - - - -3.42% 3.25%
Cost of Revenue to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 10.26% 9.39% 12.37% 13.05% 15.41% 9.19% 11.49% 13.39% 11.31% 14.05% 11.44%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 36.92% 44.26% 50.20% 59.44% 62.37% 73.16% 78.65% 68.80% 59.18% 157.95% 60.13%
Earnings before Interest and Taxes (EBIT)		 46 39 33 24 25 27 18 24 34 -39 34
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 58 56 51 45 49 63 56 58 67 -6.26 65
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.94 1.90 1.84 1.82 1.94 2.25 2.82 2.64 3.52 4.06 3.01
Price to Tangible Book Value (P/TBV)		 1.94 1.90 1.84 1.82 1.94 2.25 2.82 2.64 3.52 4.06 3.01
Price to Revenue (P/Rev)		 4.01 3.55 3.87 4.03 5.13 4.26 5.85 5.87 5.48 6.09 5.75
Price to Earnings (P/E)		 9.04 7.86 8.51 10.54 17.27 20.82 45.12 54.47 48.27 0.00 302.64
Dividend Yield		 12.25% 17.72% 18.17% 18.04% 15.46% 12.84% 10.82% 11.12% 11.50% 10.78% 12.29%
Earnings Yield		 11.06% 12.72% 11.75% 9.49% 5.79% 4.80% 2.22% 1.84% 2.07% 0.00% 0.33%
Enterprise Value to Invested Capital (EV/IC)		 1.61 1.41 2.08 1.55 1.50 1.55 1.95 2.00 2.16 2.34 1.95
Enterprise Value to Revenue (EV/Rev)		 5.18 5.79 7.45 5.17 7.55 6.77 7.77 7.32 7.32 8.05 7.93
Enterprise Value to EBITDA (EV/EBITDA)		 6.69 7.44 9.47 6.61 9.88 9.55 11.26 10.52 10.25 14.27 13.45
Enterprise Value to EBIT (EV/EBIT)		 9.02 10.20 12.93 9.74 16.28 18.15 25.55 25.49 24.47 67.34 46.57
Enterprise Value to NOPAT (EV/NOPAT)		 9.54 10.72 13.26 9.97 16.82 18.94 26.88 27.22 26.60 62.65 45.54
Enterprise Value to Operating Cash Flow (EV/OCF)		 8.10 8.63 11.79 8.24 12.95 11.42 12.25 10.45 9.87 9.93 10.46
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 225.79 0.00 0.00 0.00 0.00 9.44 9.61 136.86
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.36 0.29 0.28 0.42 0.29 0.29 0.29 0.28 0.27 0.28 0.30
Long-Term Debt to Equity		 0.36 0.29 0.28 0.42 0.29 0.29 0.29 0.28 0.27 0.28 0.30
Financial Leverage		 0.40 0.35 0.30 0.37 0.28 0.25 0.25 0.29 0.24 0.24 0.25
Leverage Ratio		 1.56 1.44 1.40 1.46 1.35 1.31 1.30 1.35 1.30 1.30 1.31
Compound Leverage Factor		 1.47 1.34 1.27 1.12 1.00 0.94 0.76 0.96 1.05 1.50 1.05
Debt to Total Capital		 26.44% 22.27% 21.83% 29.41% 22.75% 22.35% 22.48% 21.82% 21.20% 21.94% 23.23%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 26.44% 22.27% 21.83% 29.41% 22.75% 22.35% 22.48% 21.82% 21.20% 21.94% 23.23%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 11.32% 33.34% 78.17% 5.93% 26.54% 35.61% 27.30% 19.22% 34.34% 36.09% 31.26%
Common Equity to Total Capital		 62.24% 44.39% 57.81% 64.66% 50.71% 42.04% 50.22% 58.97% 44.45% 41.96% 45.51%
Debt to EBITDA		 1.13 1.21 1.01 1.29 1.55 1.42 1.35 1.18 1.04 1.39 1.65
Net Debt to EBITDA		 1.03 1.08 0.93 1.19 1.36 1.27 1.16 1.05 0.90 1.19 1.46
Long-Term Debt to EBITDA		 1.13 1.21 1.01 1.29 1.55 1.42 1.35 1.18 1.04 1.39 1.65
Debt to NOPAT		 1.61 1.74 1.42 1.95 2.64 2.82 3.21 3.06 2.70 6.10 5.60
Net Debt to NOPAT		 1.47 1.55 1.30 1.80 2.31 2.52 2.77 2.71 2.33 5.24 4.95
Long-Term Debt to NOPAT		 1.61 1.74 1.42 1.95 2.64 2.82 3.21 3.06 2.70 6.10 5.60
Altman Z-Score		 2.80 2.42 3.11 2.76 2.79 2.80 3.98 4.42 4.59 4.65 3.73
Noncontrolling Interest Sharing Ratio		 14.55% 31.67% 21.89% 11.71% 27.70% 44.55% 31.12% 18.03% 38.70% 46.03% 37.99%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 2.13 4.01 7.13 6.97 6.95 7.95 8.48 5.68 5.20 6.69 6.01
Quick Ratio		 2.15 4.03 7.14 6.80 6.85 7.07 7.98 5.53 4.81 6.50 6.01
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -230 -431 -216 -110 -543 -243 -210 -271 203 192 -3.95
Operating Cash Flow to CapEx		 119,285.10% 27.42% 14,629.19% 71.75% 8.16% 10,518.76% 75,568.71% 158,310.65% 139,575.19% 165,980.86% 24.29%
Free Cash Flow to Firm to Interest Expense		 -62.62 -109.13 -39.60 -16.12 -81.32 -32.49 -28.72 -38.97 31.24 32.30 -0.60
Operating Cash Flow to Interest Expense		 14.06 9.78 8.61 4.62 5.45 7.94 9.46 9.05 9.61 9.50 8.18
Operating Cash Flow Less CapEx to Interest Expense		 14.04 -25.89 8.55 -1.82 -61.31 7.87 9.44 9.05 9.61 9.49 -25.49
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.34 0.30 0.30 0.30 0.24 0.24 0.26 0.30 0.26 0.25 0.24
Accounts Receivable Turnover		 5.79 5.59 6.79 5.18 4.66 5.29 6.41 6.27 5.95 5.65 5.13
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.92 0.38 1.05 0.39 0.30 0.30 0.52 0.33 0.29 0.28 0.26
Accounts Payable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Sales Outstanding (DSO)		 63.01 65.30 53.77 70.41 78.36 69.06 56.95 58.22 61.31 64.56 71.12
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Cash Conversion Cycle (CCC)		 63.01 65.30 53.77 70.41 78.36 69.06 56.95 58.22 61.31 64.56 71.12
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 759 1,019 1,005 897 1,327 1,286 1,231 1,189 1,156 1,067 1,267
Invested Capital Turnover		 0.38 0.32 0.32 0.32 0.25 0.26 0.28 0.31 0.28 0.26 0.25
Increase / (Decrease) in Invested Capital		 276 469 248 133 568 267 226 292 -171 -219 36
Enterprise Value (EV)		 1,218 1,437 2,095 1,391 1,989 1,991 2,405 2,380 2,503 2,491 2,468
Market Capitalization		 942 881 1,089 1,086 1,351 1,254 1,809 1,907 1,873 1,883 1,791
Book Value per Share		 $7.41 $7.09 $7.44 $7.42 $8.06 $5.88 $8.89 $7.57 $5.57 $4.86 $5.56
Tangible Book Value per Share		 $7.41 $7.09 $7.44 $7.42 $8.06 $5.88 $8.89 $7.57 $5.57 $4.86 $5.56
Total Capital		 780 1,046 1,026 924 1,373 1,325 1,277 1,226 1,197 1,106 1,307
Total Debt		 206 233 224 272 312 296 287 267 254 243 304
Total Long-Term Debt		 206 233 224 272 312 296 287 267 254 243 304
Net Debt		 188 208 205 251 273 265 247 237 219 209 268
Capital Expenditures (CapEx)		 0.04 141 0.32 44 446 0.56 0.09 0.04 0.04 0.03 223
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 18 31 31 40 51 59 51 42 40 38 47
Debt-free Net Working Capital (DFNWC)		 35 56 50 61 90 90 91 73 74 73 83
Net Working Capital (NWC)		 35 56 50 61 90 90 91 73 74 73 83
Net Nonoperating Expense (NNE)		 2.39 2.66 2.88 5.64 6.63 6.95 6.64 6.23 6.05 12 6.37
Net Nonoperating Obligations (NNO)		 185 205 203 245 267 258 241 230 213 203 263
Total Depreciation and Amortization (D&A)		 12 17 18 20 24 37 39 34 33 32 32
Debt-free, Cash-free Net Working Capital to Revenue		 7.51% 12.66% 10.93% 14.78% 19.17% 20.12% 16.63% 13.02% 11.62% 12.40% 15.17%
Debt-free Net Working Capital to Revenue		 14.79% 22.75% 17.75% 22.50% 34.17% 30.66% 29.45% 22.53% 21.78% 23.45% 26.62%
Net Working Capital to Revenue		 14.79% 22.75% 17.75% 22.50% 34.17% 30.66% 29.45% 22.53% 21.78% 23.45% 26.62%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.69 $0.60 $0.37 $0.24 $0.20 $0.12 $0.04 $0.11 $0.22 ($0.49) $0.20
Adjusted Weighted Average Basic Shares Outstanding		 55.43M 54.11M 62.54M 63.27M 68.54M 66.60M 72.11M 74.83M 78.98M 76.24M 89.68M
Adjusted Diluted Earnings per Share		 $0.59 $0.78 $0.36 $0.23 $0.19 $0.13 $0.04 $0.11 $0.22 ($0.49) $0.20
Adjusted Weighted Average Diluted Shares Outstanding		 65.54M 65.84M 79.76M 82.96M 94.97M 93.06M 116.54M 116.59M 116.41M 116.05M 127.95M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 55.43M 54.11M 62.54M 63.27M 68.54M 66.60M 72.11M 74.83M 78.98M 76.24M 89.68M
Normalized Net Operating Profit after Tax (NOPAT)		 32 38 32 23 25 42 21 21 32 12 32
Normalized NOPAT Margin		 44.16% 55.20% 47.50% 38.58% 37.37% 42.07% 26.03% 27.96% 38.01% 18.35% 38.26%
Pre Tax Income Margin		 59.82% 52.62% 45.28% 30.79% 27.69% 19.31% 12.48% 22.13% 33.08% -66.88% 32.00%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 12.56 9.84 6.10 3.59 3.79 3.57 2.41 3.44 5.27 -6.49 5.07
NOPAT to Interest Expense		 12.61 9.60 5.82 3.44 3.76 3.32 2.19 3.08 4.91 -4.54 4.87
EBIT Less CapEx to Interest Expense		 12.55 -25.83 6.04 -2.85 -62.97 3.49 2.39 3.43 5.26 -6.50 -28.60
NOPAT Less CapEx to Interest Expense		 12.60 -26.08 5.76 -3.00 -63.00 3.24 2.18 3.08 4.90 -4.55 -28.80
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 73.07% 82.15% 80.08% 92.92% 113.70% 146.18% 200.46% 239.85% 228.77% 1,403.76% 582.33%
Augmented Payout Ratio		 77.82% 86.74% 84.43% 99.44% 118.53% 152.02% 208.20% 247.93% 235.98% 1,448.16% 600.74%

Key Financial Trends

Kimbell Royalty Partners reported solid earnings growth in Q1 2025, with net income of $25.85 million (EPS $0.20) versus $9.34 million (EPS $0.04) in Q1 2024. Operating cash flow remains robust at $54.15 million, underpinning coverage of CapEx and dividends. The balance sheet shows low leverage (net debt/EBITDA 1.46x, Altman Z-score 3.73) and strong liquidity (current ratio 6.01x), though high capital spending and negative free cash flow to the firm warrant monitoring. Key takeaways for investors:

  • Net income rose to $25.85 M in Q1 2025 (EPS $0.20), up from $9.34 M (EPS $0.04) a year ago, reflecting 4% EPS growth.
  • Operating cash flow of $54.15 M supports capital investments and dividend payouts.
  • Strong profitability metrics: 100% gross margin and ROE of 11.3%.
  • Revenue grew 2.4% year-over-year in Q1 2025.
  • Dividend yield remains modest at 0.12%, aligning with the company’s payout strategy.
  • Ample liquidity: current and quick ratios at 6.01x.
  • Free cash flow to firm was negative $3.95 M, as heavy CapEx weighed on FCF.
  • CapEx spending jumped to $222.95 M in Q1 2025, reflecting ongoing investment in royalty acquisitions.
  • Interest expense of $6.62 M reduces net earnings; net interest burden at 19.7% of EBIT.
  • Valuation metrics are elevated: P/E at 302x and EV/EBITDA at 13.4x, indicating rich multiples.
06/21/25 07:31 PMAI Generated. May Contain Errors.

Frequently Asked Questions About Kimbell Royalty's Financials

When does Kimbell Royalty's fiscal year end?

According to the most recent income statement we have on file, Kimbell Royalty's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Kimbell Royalty's net income changed over the last 8 years?

Kimbell Royalty's net income appears to be on a downward trend, with a most recent value of $11.07 million in 2024, falling from -$31.31 million in 2015. The previous period was $83.01 million in 2023. View Kimbell Royalty's forecast to see where analysts expect Kimbell Royalty to go next.

What is Kimbell Royalty's operating income?
Kimbell Royalty's total operating income in 2024 was $36.99 million, based on the following breakdown:
  • Total Gross Profit: $309.31 million
  • Total Operating Expenses: $272.31 million
How has Kimbell Royalty's revenue changed over the last 8 years?

Over the last 8 years, Kimbell Royalty's total revenue changed from $4.68 million in 2015 to $309.31 million in 2024, a change of 6,502.2%.

How much debt does Kimbell Royalty have?

Kimbell Royalty's total liabilities were at $256.42 million at the end of 2024, a 17.1% decrease from 2023, and a 2,053.5% increase since 2016.

How much cash does Kimbell Royalty have?

In the past 8 years, Kimbell Royalty's cash and equivalents has ranged from $505.88 thousand in 2016 to $34.17 million in 2024, and is currently $34.17 million as of their latest financial filing in 2024.

How has Kimbell Royalty's book value per share changed over the last 8 years?

Over the last 8 years, Kimbell Royalty's book value per share changed from 0.00 in 2015 to 4.86 in 2024, a change of 486.1%.


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This page (NYSE:KRP) was last updated on 6/21/2025 by MarketBeat.com Staff
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