Kimbell Royalty Partners, LP (KRP)

KRP Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	297.67	267.58	281.96	175.09	92.59	107.48
Other Revenue	5.6	5.59	3.07	3.32	0.35	2.48
Revenue	303.26	273.18	285.04	178.41	92.93	109.96
Revenue Growth (YoY)	9.42%	-4.16%	59.77%	91.98%	-15.48%	64.30%
Cost of Revenue	22.58	20.33	16.24	10.48	6.39	7.72
Gross Profit	280.68	252.85	268.8	167.93	86.54	102.24
Selling, General & Admin	51.43	49.17	44.82	39.03	35.28	30.81
Depreciation & Amortization	117.08	96.48	50.09	36.8	47.99	52.12
Other Operating Expenses	-6.12	-20.89	36.98	42.79	2.45	1.73
Operating Expenses	162.39	124.76	131.88	118.62	85.72	84.66
Operating Income	118.29	128.09	136.92	49.31	0.83	17.57
Interest Expense	-27.79	-25.95	-13.82	-9.18	-6.43	-5.81
Interest & Investment Income	1.07	3.51	3.72	-	-	-
Earnings From Equity Investments	-	-	2.67	1.12	0.76	0.08
Other Non Operating Income (Expenses)	-0.18	-0.18	4.04	1.26	-0.1	-
EBT Excluding Unusual Items	91.39	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	-	-	-0.48	-
Pretax Income	66.73	86.77	133.53	42.51	-256.98	-157.31
Income Tax Expense	3.29	3.77	2.74	0.07	-0.89	0.9
Earnings From Continuing Operations	63.44	83.01	130.79	42.44	-256.09	-158.21
Minority Interest in Earnings	-11.79	-16.46	-18.82	-8.5	96.64	89.15
Net Income	51.65	66.54	111.97	33.94	-159.45	-69.06
Preferred Dividends & Other Adjustments	10.09	4.83	17.45	11.33	7.9	13.97
Net Income to Common	41.56	61.71	94.52	22.62	-167.35	-83.03
Net Income Growth	-59.64%	-40.57%	229.89%	-	-	-
Shares Outstanding (Basic)	69	67	54	40	35	21
Shares Outstanding (Diluted)	91	93	66	61	35	21
Shares Change (YoY)	22.69%	41.35%	8.00%	76.53%	62.94%	14.91%
EPS (Basic)	0.60	0.93	1.75	0.56	-4.85	-3.92
EPS (Diluted)	0.60	0.91	1.72	0.51	-4.85	-3.92
EPS Growth	-70.45%	-47.22%	237.43%	-	-	-
Free Cash Flow	-294.32	-316.54	25.18	35.37	-26.35	67.98
Free Cash Flow Per Share	-3.23	-3.40	0.38	0.58	-0.76	3.21
Dividend Per Share	1.820	1.680	1.990	1.320	0.680	1.560
Dividend Growth	-2.67%	-15.58%	50.76%	94.12%	-56.41%	-8.24%
Gross Margin	92.55%	92.56%	94.30%	94.13%	93.12%	92.98%
Operating Margin	39.01%	46.89%	48.03%	27.64%	0.89%	15.98%
Profit Margin	17.03%	24.36%	39.28%	19.02%	-171.57%	-62.81%
Free Cash Flow Margin	-97.05%	-115.87%	8.83%	19.83%	-28.35%	61.83%
EBITDA	241.34	224.57	187	86.11	48.81	69.69
EBITDA Margin	79.58%	82.21%	65.61%	48.27%	52.53%	63.38%
D&A For EBITDA	123.04	96.48	50.09	36.8	47.99	52.12
EBIT	118.29	128.09	136.92	49.31	0.83	17.57
EBIT Margin	39.01%	46.89%	48.03%	27.64%	0.89%	15.98%
Effective Tax Rate	4.92%	4.34%	2.05%	0.17%	-	-
Revenue as Reported	309.39	294.07	248.06	135.62	90.48	108.23

Source: S&P Capital IQ. Standard template.