Kimbell Royalty Partners, LP (KRP)

KRP Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	319.48	267.58	281.96	175.09	92.59	107.48
Other Revenue	5.53	5.59	3.07	3.32	0.35	2.48
Revenue	325.01	273.18	285.04	178.41	92.93	109.96
Revenue Growth (YoY)	30.47%	-4.16%	59.77%	91.98%	-15.48%	64.30%
Cost of Revenue	22.11	20.33	16.24	10.48	6.39	7.72
Gross Profit	302.9	252.85	268.8	167.93	86.54	102.24
Selling, General & Admin	53.67	49.17	44.82	39.03	35.28	30.81
Other Operating Expenses	-17.48	-20.89	36.98	42.79	2.45	1.73
Operating Expenses	175.74	124.76	131.88	118.62	85.72	84.66
Operating Income	127.16	128.09	136.92	49.31	0.83	17.57
Interest Expense	-28.21	-25.95	-13.82	-9.18	-6.43	-5.81
Interest & Investment Income	-	3.51	3.72	-	-	-
Earnings From Equity Investments	-	-	2.67	1.12	0.76	0.08
Other Non Operating Income (Expenses)	-	-0.18	4.04	1.26	-0.1	-
EBT Excluding Unusual Items	98.96	105.47	133.53	42.51	-4.94	11.84
Asset Writedown	-24.18	-18.22	-	-	-251.56	-169.15
Other Unusual Items	-	-0.48	-	-	-0.48	-
Pretax Income	74.07	86.77	133.53	42.51	-256.98	-157.31
Income Tax Expense	5.91	3.77	2.74	0.07	-0.89	0.9
Earnings From Continuing Operations	68.16	83.01	130.79	42.44	-256.09	-158.21
Minority Interest in Earnings	-8.29	-16.46	-18.82	-8.5	96.64	89.15
Net Income	59.87	66.54	111.97	33.94	-159.45	-69.06
Preferred Dividends & Other Adjustments	21.14	4.83	17.45	11.33	7.9	13.97
Net Income to Common	38.73	61.71	94.52	22.62	-167.35	-83.03
Net Income Growth	-25.05%	-40.57%	229.89%	-	-	-
Shares Outstanding (Basic)	74	67	54	40	35	21
Shares Outstanding (Diluted)	116	93	66	61	35	21
Shares Change (YoY)	42.96%	41.35%	8.00%	76.53%	62.94%	14.91%
EPS (Basic)	0.52	0.93	1.75	0.56	-4.85	-3.92
EPS (Diluted)	0.52	0.91	1.72	0.51	-4.85	-3.92
EPS Growth	-59.13%	-47.22%	237.43%	-	-	-
Free Cash Flow	252.91	-316.54	25.18	35.37	-26.35	67.98
Free Cash Flow Per Share	2.18	-3.40	0.38	0.58	-0.76	3.21
Dividend Per Share	1.750	1.680	1.990	1.320	0.680	1.560
Dividend Growth	1.16%	-15.58%	50.76%	94.12%	-56.41%	-8.24%
Gross Margin	93.20%	92.56%	94.30%	94.13%	93.12%	92.98%
Operating Margin	39.12%	46.89%	48.03%	27.64%	0.89%	15.98%
Profit Margin	11.92%	22.59%	33.16%	12.68%	-180.08%	-75.51%
Free Cash Flow Margin	77.82%	-115.87%	8.83%	19.83%	-28.35%	61.83%
EBITDA	266.7	224.57	187	86.11	48.81	69.69
EBITDA Margin	82.06%	82.21%	65.61%	48.27%	52.53%	63.38%
D&A For EBITDA	139.54	96.48	50.09	36.8	47.99	52.12
EBIT	127.16	128.09	136.92	49.31	0.83	17.57
EBIT Margin	39.12%	46.89%	48.03%	27.64%	0.89%	15.98%
Effective Tax Rate	7.98%	4.34%	2.05%	0.17%	-	-
Revenue as Reported	341.79	294.07	248.06	135.62	90.48	108.23

Source: S&P Capital IQ. Standard template. Financial Sources.