Kimbell Royalty Partners, LP (KRP) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-16	Dec-31-15	Dec-31-14
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	S-1/A
Revenues	248.1	135.6	90.5	108.2	70.3	3.6	4.7	7,219.8
Revenue growth	82.9%	49.9%	-16.4%	54.0%		-23.0%	-99.9%
Cost of goods sold	16.2	10.5	6.4	7.7	4.4	0.3	0.4	12,556.6
Gross profit	231.8	125.1	84.1	100.5	65.9	3.3	4.3	-5,336.8
Gross margin	93.5%	92.3%	92.9%	92.9%	93.7%	92.2%	90.9%	-73.9%
Selling, general and administrative [+]	42.5	39.0	35.3	30.8	21.5	2.5	2.5	1,757.4
Sales and marketing	13.4	12.0	9.4	8.1	4.7	0.8	0.7
General and administrative								1,757.4
Other selling, general and administrative	29.1	27.0	25.9	22.7	16.8	1.7	1.8
Equity in earnings	2.7	1.1	0.8	0.1
Other operating expenses	2.3
EBITDA [+]	189.7	87.2	49.6	69.8	44.4	0.8	1.7
EBITDA growth	117.4%	75.9%	-28.9%	57.3%		-51.8%	-100.0%
EBITDA margin	76.5%	64.3%	54.8%	64.5%	63.1%	23.0%	36.7%	-98.3%
Depreciation and amortization	50.1	36.8	48.0	52.1	25.2	1.6	4.0
EBIT [+]	139.6	50.4	1.6	17.7	19.1	-0.8	-2.3	-7,094.2
EBIT growth	176.8%	3073.7%	-91.0%	-7.8%		-66.1%	-100.0%
EBIT margin	56.3%	37.2%	1.8%	16.3%	27.3%	-21.5%	-48.8%	-98.3%
Non-recurring items [+]			251.6	169.2	67.3	5.0	28.7
Asset impairment			251.6	169.2	67.3	5.0	28.7
Interest expense	13.8	9.2	6.4	5.8	4.1	0.4	0.4	302.1
Interest expense	13.8	9.2	6.4	5.8	4.1	0.4	0.4	302.1
Other income (expense), net [+]	7.8	1.3	-0.6
Gain (loss) on debt retirement			-0.5
Other	4.0	1.3	-0.1
Pre-tax income	133.5	42.5	-257.0	-157.3	-52.3	-6.2	-31.3	-7,396.3
Income taxes	2.7	0.1	-0.9	0.9	0.0	0.0	0.0	17.0
Tax rate	2.1%	0.2%	0.3%				0.1%
Minority interest	-18.8	-8.5	96.6	89.1	1.9
Net income	149.6	50.9	-352.7	-247.4	-54.1	-6.2	-31.3	-7,413.2
Net margin	60.3%	37.6%	-389.8%	-228.6%	-77.1%	-172.3%	-668.4%	-102.7%

Basic EPS [+]	$2.76	$1.26	($10.22)	($11.67)	($2.94)	($10.28)	($51.83)
Growth	119.3%	-112.3%	-12.5%	297.6%		-80.2%
Diluted EPS [+]	$2.27	$0.84	($10.22)	($11.67)	($2.94)	($10.28)	($51.83)
Growth	172.0%	-108.2%	-12.5%	297.6%		-80.2%

Dividends per share [+]	$1.98	$1.17	$0.85	$1.67	$2.08		$7.46
Growth	69.5%	37.0%	-48.8%	-19.6%		-100.0%

Shares outstanding (basic) [+]	54.1	40.4	34.5	21.2	18.4	0.6	0.6
Growth	33.9%	17.0%	62.9%	14.9%		0.0%
Shares outstanding (diluted) [+]	65.8	61.0	34.5	21.2	18.4	0.6	0.6
Growth	8.0%	76.5%	62.9%	14.9%		0.0%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.