Kimbell Royalty Financials
Kimbell Royalty (KRP) reported $333.8M in revenue for fiscal year 2025, up 7.9% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 9 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Kimbell Royalty Partners’ core mechanic is high cash generation with uneven accounting profit, driven by heavy non-cash charges and a balance sheet that was relevered in FY2025.
The most important pattern is the profit-to-cash disconnect: after FY2024 net margin fell to3.6% , operating cash flow still reached$250.9M , and stayed near that level at$246.5M in FY2025 even as net income rebounded to$99.7M . That gap lines up with depreciation and amortization remaining very large at$124.6M , which means reported earnings can swing much more than the cash the assets are actually throwing off.
FY2025 shows strong operating leverage rather than simple top-line growth: revenue increased only to
The balance-sheet stance became more aggressive in FY2025, with debt-to-equity rising to 0.6x from 0.3x and total liabilities climbing to
Financial Health Signals
Scored against energy companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Kimbell Royalty's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Not available for Kimbell Royalty, and counted as zero in the overall score.
Kimbell Royalty passes 5 of 6 computable financial strength tests (3 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 1 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Kimbell Royalty generates $2.47 in operating cash flow ($246.5M OCF vs $99.7M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Kimbell Royalty earns $3.85 in operating income for every $1 of interest expense ($132.8M vs $34.5M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
Kimbell Royalty generated $333.8M in revenue in fiscal year 2025. This represents an increase of 7.9% from the prior year.
Kimbell Royalty's EBITDA was $257.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 49.5% from the prior year.
Kimbell Royalty reported $99.7M in net income in fiscal year 2025. This represents an increase of 800.2% from the prior year.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Kimbell Royalty held $44.0M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Kimbell Royalty's operating margin was 39.8% in fiscal year 2025, reflecting core business profitability. This is up 27.8 percentage points from the prior year.
Kimbell Royalty's net profit margin was 29.8% in fiscal year 2025, showing the share of revenue converted to profit. This is up 26.3 percentage points from the prior year.
Kimbell Royalty's ROE was 12.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 11.6 percentage points from the prior year.
Not reported for fiscal year 2025.
Capital Allocation
None of these metrics is reported for fiscal year 2025.
KRP Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $341.1M | $333.8M+7.9% | $309.3M+5.2% | $294.1M+18.5% | $248.1M+82.9% | $135.6M+49.9% | $90.5M-16.4% | $108.2M+54.0% | $70.3M+131.5% | $30.3M |
| SG&A Expenses | $40.1M | $39.7M+2.9% | $38.5M+8.0% | $35.7M+22.5% | $29.1M+8.0% | $27.0M+4.2% | $25.9M+14.3% | $22.7M+34.5% | $16.8M+105.7% | $8.2M |
| Operating Income | $136.9M | $132.8M+259.1% | $37.0M-66.3% | $109.9M-19.8% | $136.9M+177.7% | $49.3M+119.7% | -$250.7M-65.4% | -$151.6M-214.7% | -$48.2M-2021.1% | $2.5M |
| Interest Expense | $35.5M | $34.5M+29.1% | $26.7M+2.9% | $26.0M+87.8% | $13.8M+50.5% | $9.2M+42.8% | $6.4M+10.6% | $5.8M+42.1% | $4.1M+417.0% | $791K |
| Income Tax | $120K | -$1.3M-69.1% | -$771K-120.5% | $3.8M+37.5% | $2.7M+3596.0% | $74K+108.4% | -$885K-198.4% | $899K+3544.2% | $25K | N/A |
| Net Income | $101.4M | $99.7M+800.2% | $11.1M-86.7% | $83.0M-36.5% | $130.8M+208.2% | $42.4M+116.6% | -$256.1M-61.9% | -$158.2M-202.6% | -$52.3M-3147.2% | $1.7M |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, EPS (Diluted).
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
KRP Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 |
|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.2B+9.8% | $1.1B-16.3% | $1.3B+24.2% | $1.1B+79.0% | $601.5M+6.5% | $564.6M-24.6% | $748.6M-0.6% | $753.3M+155.1% | $295.3M |
| Current Assets | $88.5M+3.8% | $85.3M-17.3% | $103.1M+37.2% | $75.2M+65.6% | $45.4M+60.3% | $28.3M-17.0% | $34.1M-9.2% | $37.6M+197.2% | $12.7M |
| Cash & Equivalents | $44.0M+28.7% | $34.2M+10.2% | $31.0M+25.8% | $24.6M+249.3% | $7.1M-28.1% | $9.8M-31.0% | $14.2M-10.0% | $15.8M+180.4% | $5.6M |
| Total Liabilities | $456.2M+77.9% | $256.4M-17.1% | $309.3M+17.5% | $263.3M+4.2% | $252.6M+35.6% | $186.3M+71.4% | $108.7M+19.3% | $91.1M+174.2% | $33.2M |
| Current Liabilities | $10.2M-19.7% | $12.7M-1.8% | $13.0M-30.9% | $18.8M-33.7% | $28.3M+223.0% | $8.8M+61.2% | $5.4M+43.1% | $3.8M+69.1% | $2.2M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | $171.6M+71.3% | $100.1M+14.7% | $87.3M+183.1% | $30.8M |
| Total Equity | $773.2M-10.5% | $863.5M-16.0% | $1.0B+26.4% | $813.4M+133.2% | $348.8M-7.8% | $378.3M-40.9% | $639.9M-3.4% | $662.2M+152.7% | $262.1M |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill, Retained Earnings.
KRP Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $237.7M | $246.5M-1.8% | $250.9M+44.0% | $174.3M+4.6% | $166.6M+82.2% | $91.4M+46.9% | $62.2M-22.9% | $80.7M+143.1% | $33.2M+78.8% | $18.6M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $404K+551.8% | $62K |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $32.8M+77.2% | $18.5M |
| Investing Cash Flow | -$44.5M | -$223.5M-106319.5% | -$210K+99.9% | -$246.7M+34.2% | -$374.7M-574.3% | -$55.6M+38.8% | -$90.8M-482.6% | -$15.6M+92.2% | -$200.9M-59.6% | -$125.9M |
| Financing Cash Flow | -$182.8M | -$13.2M+94.7% | -$247.5M-415.8% | $78.4M-65.3% | $226.1M+685.3% | -$38.6M-259.7% | $24.2M+136.3% | -$66.7M-137.5% | $177.9M+57.5% | $113.0M |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
KRP Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 |
|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 39.8%+27.8pp | 12.0%-25.4pp | 37.4%-17.8pp | 55.2%+18.8pp | 36.4% | -277.1% | -140.1% | -68.6%-76.8pp | 8.3% |
| Net Margin | 29.8%+26.3pp | 3.6%-24.6pp | 28.2%-24.5pp | 52.7%+21.4pp | 31.3% | -283.0% | -146.2% | -74.4%-80.1pp | 5.7% |
| Return on Equity | 12.9%+11.6pp | 1.3%-6.8pp | 8.1%-8.0pp | 16.1%+3.9pp | 12.2%+79.9pp | -67.7%-43.0pp | -24.7%-16.8pp | -7.9%-8.6pp | 0.7% |
| Return on Assets | 8.1%+7.1pp | 1.0%-5.2pp | 6.2%-5.9pp | 12.2%+5.1pp | 7.1%+52.4pp | -45.4%-24.2pp | -21.1%-14.2pp | -6.9%-7.5pp | 0.6% |
| Current Ratio | 8.64+2.0x | 6.69-1.3x | 7.95+3.9x | 4.01+2.4x | 1.60-1.6x | 3.23-3.0x | 6.28-3.6x | 9.90+4.3x | 5.63 |
| Debt-to-Equity | 0.59+0.3x | 0.300.0x | 0.300.0x | 0.32-0.4x | 0.72+0.3x | 0.45+0.3x | 0.160.0x | 0.130.0x | 0.12 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 46.7%-14.3pp | 61.0% |
Not reported in any period shown, so not listed: Gross Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin.
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Where Kimbell Royalty Ranks
Frequently Asked Questions
What is Kimbell Royalty's annual revenue?
Kimbell Royalty (KRP) reported $333.8M in total revenue for fiscal year 2025. This represents a 7.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Kimbell Royalty's revenue growing?
Kimbell Royalty (KRP) revenue grew by 7.9% year-over-year, from $309.3M to $333.8M in fiscal year 2025.
Is Kimbell Royalty profitable?
Yes, Kimbell Royalty (KRP) reported a net income of $99.7M in fiscal year 2025, with a net profit margin of 29.8%.
What is Kimbell Royalty's EBITDA?
Kimbell Royalty (KRP) had EBITDA of $257.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Kimbell Royalty's operating margin?
Kimbell Royalty (KRP) had an operating margin of 39.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Kimbell Royalty's net profit margin?
Kimbell Royalty (KRP) had a net profit margin of 29.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Kimbell Royalty's return on equity (ROE)?
Kimbell Royalty (KRP) has a return on equity of 12.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Kimbell Royalty's operating cash flow?
Kimbell Royalty (KRP) generated $246.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Kimbell Royalty's total assets?
Kimbell Royalty (KRP) had $1.2B in total assets as of fiscal year 2025, including both current and long-term assets.
What is Kimbell Royalty's current ratio?
Kimbell Royalty (KRP) had a current ratio of 8.64 as of fiscal year 2025, which is generally considered healthy.
What is Kimbell Royalty's debt-to-equity ratio?
Kimbell Royalty (KRP) had a debt-to-equity ratio of 0.59 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Kimbell Royalty's return on assets (ROA)?
Kimbell Royalty (KRP) had a return on assets of 8.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Kimbell Royalty's Piotroski F-Score?
Kimbell Royalty (KRP) has a Piotroski F-Score of 5 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Kimbell Royalty's earnings high quality?
Kimbell Royalty (KRP) has an earnings quality ratio of 2.47x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Kimbell Royalty cover its interest payments?
Kimbell Royalty (KRP) has an interest coverage ratio of 3.85x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Kimbell Royalty?
Kimbell Royalty (KRP) scores 59 out of 100 on our Financial Health Score, indicating moderate standing within its energy companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.