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Kimbell Royalty Partners, LP (KRP)
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| Balance Sheet |
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| Standardized | As Reported |
Annual | Quarterly |
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| In millions, except per share items | Jun-30-23 | Mar-31-23 | Dec-31-22 | Jun-30-22 | Mar-31-22 | Dec-31-21 | Sep-30-21 | Jun-30-21 |
| | 10-Q | 10-Q | 10-K | 10-Q | 10-Q | 10-K | 10-Q | 10-Q |
| ASSETS | | | | | | | | |
| Current assets | | | | | | | | |
| Cash and cash equivalents | 20.8 | 19.1 | 24.6 | 13.3 | 10.6 | 7.1 | 12.7 | 13.0 |
| Oil, natural gas and NGL receivables | 45.0 | 35.9 | 47.0 | 53.6 | 41.6 | 35.1 | 30.7 | 23.7 |
| Derivative assets | 1.8 | 2.5 | | 2.0 | 2.1 | 0.2 | | |
| Accounts receivable and other current assets | 3.1 | 3.0 | 3.6 | 2.1 | 2.3 | 3.1 | 1.5 | 1.6 |
| Total current assets | 70.7 | 58.1 | 75.2 | 71.1 | 56.6 | 45.4 | 44.9 | 38.2 |
| Property and equipment, net | 0.8 | 0.9 | 1.0 | 1.2 | 1.5 | 1.9 | 2.3 | 2.1 |
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| Oil and natural gas properties | | | | | | | | |
| Oil and natural gas properties, using full cost method of accounting | 1,602.2 | 1,466.3 | 1,466.0 | 1,204.8 | 1,204.8 | 1,204.4 | 1,149.6 | 1,149.6 |
| Less: accumulated depreciation, depletion and impairment | -749.7 | -730.2 | -712.7 | -685.0 | -674.0 | -663.6 | -652.3 | -643.8 |
| Total oil and natural gas properties, net | 852.5 | 736.1 | 753.3 | 519.9 | 530.8 | 540.8 | 497.4 | 505.8 |
| Right-of-use assets, net | 2.4 | 2.4 | 2.5 | 2.7 | 2.8 | 2.8 | 2.9 | 3.0 |
| Derivative assets | 1.6 | | | | | | | |
| Loan origination costs, net | 6.3 | 2.5 | 3.0 | 3.7 | 3.9 | 4.2 | 4.3 | 4.5 |
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| Cash | | | | | | | | |
| Investments held in trust | | 243.1 | 240.6 | 237.2 | 237.0 | | | |
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| Prepaid expenses | | | | | | | | |
| Total assets | 934.2 | 1,045.6 | 1,076.7 | 839.4 | 844.1 | 601.5 | 557.0 | 559.3 |
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| LIABILITIES, MEZZANINE EQUITY AND UNITHOLDERS' EQUITY | | | | | | | | |
| Current liabilities | | | | | | | | |
| Accounts payable | 1.4 | 0.9 | 1.2 | 1.6 | 1.9 | 0.8 | 1.0 | 1.0 |
| Other current liabilities | 8.3 | 5.2 | 4.9 | 5.2 | 3.8 | 3.3 | 6.3 | 4.9 |
| Derivative liabilities | 0.4 | 2.1 | 12.6 | 36.2 | 43.3 | 24.2 | 33.7 | 22.8 |
| Total current liabilities | 10.1 | 8.1 | 18.8 | 42.9 | 49.0 | 28.3 | 41.1 | 28.8 |
| Operating lease liabilities, excluding current portion | 2.1 | 2.2 | 2.2 | 2.4 | 2.5 | 2.6 | 2.6 | 2.7 |
| Derivative liabilities | 0.2 | 0.2 | 0.4 | 5.9 | 7.5 | 4.2 | 8.2 | 7.9 |
| Long-term debt | 269.6 | 223.9 | 233.0 | 216.1 | 226.5 | 217.1 | 192.7 | 162.9 |
| Other liabilities | 0.3 | 0.3 | 0.3 | 0.4 | 0.4 | 0.4 | 0.5 | |
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| Deferred underwriting commissions | | | | | | | | |
| Total liabilities | 282.2 | 243.6 | 263.3 | 276.2 | 294.5 | 252.6 | 245.1 | 202.3 |
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| Commitments and contingencies (Note 15) | | | | | | | | |
| Mezzanine equity: | | | | | | | | |
| Redeemable non-controlling interest in Kimbell Tiger Acquisition Corporation | | | | | | | | |
| Kimbell Royalty Partners, LP unitholders' equity: | | | | | | | | |
| Common units | | | | | | | | |
| Class B units | | | | | | | | |
| Total Kimbell Royalty Partners, LP unitholders' equity | 597.2 | 593.1 | 602.6 | 475.7 | 462.6 | 329.6 | 291.6 | 313.1 |
| Non-controlling interest (deficit) in OpCo | 54.7 | | | | | | | |
| Total equity | 652.0 | 565.1 | 576.5 | 326.3 | 312.7 | 348.8 | 291.6 | 313.1 |
| Total liabilities, mezzanine equity and unitholders' equity | 934.2 | 1,045.6 | 1,076.7 | 839.4 | 844.1 | 601.5 | 557.0 | 559.3 |
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