Kimbell royalty partners, lp (KRP)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17
Gain (loss) on commodity derivative instruments

10,132

-2,002

2,506

2,733

-4,969

7,190

-3,035

-538

-284

-

-

-

-

Total revenues

35,947

25,362

32,978

31,936

17,947

30,251

18,407

10,707

10,891

9,689

8,351

7,751

4,553

Costs and expenses
Production and ad valorem taxes

1,621

1,962

2,236

1,924

1,596

1,367

1,410

805

816

849

778

617

206

Depreciation and depletion expense

13,270

14,427

15,098

12,311

10,281

9,718

7,607

3,431

4,455

4,390

4,488

4,131

2,535

Impairment of oil and natural gas properties

70,925

103,397

34,900

28,100

2,802

12,546

0

0

54,753

0

0

0

0

Marketing and other deductions

2,131

2,207

2,332

1,749

1,857

1,783

1,689

609

569

580

424

386

257

General and administrative expense

6,524

5,418

5,694

6,220

5,333

5,197

4,879

4,000

2,770

2,484

2,314

2,181

1,211

Total costs and expenses

94,474

127,336

60,241

50,352

21,870

30,625

15,586

8,846

63,365

8,304

8,007

7,317

4,209

Operating loss

-58,526

-101,974

-27,262

-18,416

-3,922

-374

2,821

1,861

-52,474

1,384

344

434

343

Other income (expense)
Equity income in affiliate

163

-

-80

-

-

-

-

-

-

-

-

-

-

Interest expense

1,421

1,481

1,468

1,441

1,422

1,414

1,843

483

350

323

225

182

60

Net loss before income taxes

-59,784

-103,293

-28,811

-19,857

-5,345

-

977

1,378

-

-

119

-

-

Provision for income taxes

-

-

100

500

-

-

1,977

-

-

-

-

-

-

Net loss

-59,784

-103,582

-28,914

-20,365

-5,345

163

-999

1,378

-52,824

-

119

-

-

Distribution and accretion on Series A preferred units

3,076

3,469

3,469

3,469

3,469

-

2,840

-

-

-

-

-

-

Net (loss) income

-

-

-

-

-

-

-

-

-

-

119

-

-

Net loss and distributions and accretion on Series A preferred units attributable to noncontrolling interests

-23,584

-55,749

-16,146

-12,100

-5,151

-

-141

-

-

-

-

-

-

Net (loss) income attributable to Kimbell Royalty Partners LP

-

-

-

-

-

-

-

-

-

-

119

-

-

Distribution on Class B units

24

23

23

23

23

-

12

-

-

-

-

-

-

Net loss attributable to common units

-39,301

-51,325

-16,261

-11,758

-3,687

-1,609

-3,711

1,378

-52,824

1,061

119

251

283

Net loss attributable to common units
Net loss attributable to common units per unit (basic) (in dollar per share)

-1.29

-2.44

-0.73

-0.54

-0.21

0.22

-0.15

0.08

-3.23

0.06

0.01

0.02

0.02

Net loss attributable to common units per unit (diluted) (in dollar per share)

-1.29

-2.44

-0.73

-0.54

-0.21

0.22

-0.15

0.08

-3.23

0.05

0.01

0.02

0.02

Weighted average number of common units outstanding
Weighted average number of common units outstanding Basic (in units)

30,528

22,672

22,399

21,727

17,971

16,967

24,079

16,377

16,345

16,344

16,337

16,332

16,332

Weighted average number of common units outstanding Diluted (in units)

30,528

22,672

22,399

21,727

17,971

16,535

24,079

16,809

16,345

16,563

16,503

16,422

16,332

Oil, natural gas and NGL revenues
Revenue

25,585

27,201

29,531

27,913

22,833

22,971

21,085

10,847

10,808

9,464

8,174

7,751

4,553

Lease bonus and other income
Revenue

229

163

940

1,289

83

88

358

398

368

-

177

-

-