Kimbell Royalty Partners, LP (KRP) Balance Sheet
KRP balance sheet, 2025
December 31, 2025 · U.S. dollars$1.23B assets = $456.2M liabilities + $773.2M equity
Both columns are drawn to the same scale: what KRP owns equals what it owes plus shareholders’ equity. Hover a block for its value.
KRP financial health
Descriptive bands, not a rating. Fiscal 2025.
KRP balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $20.5M2016 | $1.23B2025 | +57.6%/yr | |
| Total liabilities | $11.9M2016 | $456.2M2025 | +49.9%/yr | |
| Shareholders’ equity | $8.6M2016 | $690.6M2025 | +62.7%/yr | |
| Cash & short-term investments | $505,8802016 | $44.0M2025 | +64.2%/yr | |
| Total debt | $10.6M2016 | $451.0M2025 | +51.7%/yr | |
| Net cash (debt) | −$10.1M2016 | −$407.0M2025 | −$396.9M | |
| Working capital | $153,9682016 | $78.2M2025 | +$78.1M | |
| Book value per share | $30.192019 | $5.692025 | −24.3%/yr | |
| Current ratio | 1.132016 | 8.642025 | +7.51 | |
| Debt / equity | 1.232016 | 0.652025 | −0.57 | |
| Shares outstanding | 21.2M2019 | 121.3M2025 | +33.7%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
KRP assets
KRP liabilities and equity
KRP debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
KRP balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $44.0M | $34.2M | $31.0M | $24.6M | $7.1M | $9.8M | $14.2M | $15.8M | $5.6M | $505,880 |
| Cash & equivalents | $44.0M | $34.2M | $31.0M | $24.6M | $7.1M | $9.8M | $14.2M | $15.8M | $5.6M | $505,880 |
| Short-term investments | — | −$34.13B | — | — | −$178 | $5.1M | $3.0M | — | $0 | — |
| Receivables | $36.6M | $48.7M | $60.7M | $50.6M | $38.2M | $18.5M | $19.2M | $18.8M | $6.8M | $818,471 |
| Inventory | $0 | $0 | −$72.14B | −$3.6M | −$38.36B | −$18.53B | −$19.93B | $3.0M | $0 | −$474.1M |
| Other current assets | $7.9M | $2.4M | $72.15B | $3.6M | $38.37B | $18.53B | $19.94B | $50,000 | $237,000 | $474.1M |
| Total current assets | $88.5M | $85.3M | $103.1M | $75.2M | $45.4M | $28.3M | $34.1M | $37.6M | $12.7M | $1.3M |
| Property, plant & equipment (net) | $5.2M | $1.03B | $1.22B | $756.7M | $545.5M | $526.1M | $709.2M | $711.2M | $282.4M | $19.2M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $4.7M | $5.1M | $3.0M | $0 | $0 | $0 |
| Other non-current assets | $1.14B | $5.8M | $10.2M | $244.8M | $5.8M | $5.1M | $2.3M | $4.4M | $255,000 | $13,046 |
| Total assets | $1.23B | $1.12B | $1.34B | $1.08B | $601.5M | $564.6M | $748.6M | $753.3M | $295.3M | $20.5M |
| Liabilities | ||||||||||
| Accounts payable | $3.1M | $6.5M | $6.6M | $1.2M | $811,019 | $889,000 | $1.2M | $1.3M | $316,000 | $1.0M |
| Short-term debt | $658,000 | $489,139 | $488,725 | $487,787 | $486,045 | $2.8M | $100.1M | $87.3M | $509,125 | $10.6M |
| Deferred revenue | — | — | −$488,725 | −$487,787 | −$486,045 | — | — | — | $509,125 | — |
| Total current liabilities | $10.2M | $12.7M | $13.0M | $18.8M | $28.3M | $8.8M | $5.4M | $3.8M | $2.2M | $1.2M |
| Long-term debt | $441.5M | $239.2M | $294.2M | $233.0M | $217.1M | $171.6M | $100.1M | $87.3M | $30.8M | $10.6M |
| Lease obligations | $4.4M | $3.6M | $1.9M | $2.2M | $2.6M | $2.8M | $3.1M | — | — | — |
| Other long-term liabilities | $4.4M | $4.5M | $2.1M | $11.6M | $7.2M | $6.0M | $3.1M | $460 | $135,410 | $137,626 |
| Total liabilities | $456.2M | $256.4M | $309.3M | $263.3M | $252.6M | $186.3M | $108.7M | $91.1M | $33.2M | $11.9M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $531.8M | $464.2M | $556.9M | $602.6M | $329.6M | $258.6M | $283.8M | $295.0M | $262.1M | $8.6M |
| Retained earnings (deficit) | — | — | — | $217,592 | $105.7M | — | — | $592.7M | $0 | — |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | — |
| Accumulated other comprehensive income | — | — | — | — | — | — | −$328.9M | −$107.8M | −$15.4M | −$52.1M |
| Minority interest | $82.5M | $83.3M | $157.2M | $210.8M | — | — | — | — | $0 | — |
| Total shareholders' equity | $690.6M | $780.2M | $871.3M | $602.6M | $329.6M | $378.3M | $639.9M | $662.2M | $262.1M | $8.6M |
| Key figures | ||||||||||
| Total debt | $451.0M | $242.7M | $296.1M | $235.3M | $219.7M | $174.4M | $200.3M | $174.6M | $31.4M | $10.6M |
| Net cash (debt) | −$407.0M | −$208.6M | −$265.1M | −$210.6M | −$212.6M | −$164.6M | −$186.1M | −$158.8M | −$25.7M | −$10.1M |
| Working capital | $78.2M | $72.5M | $90.2M | $56.4M | $17.1M | $19.6M | $28.7M | $33.8M | $10.4M | $153,968 |
| Tangible book value | $690.6M | $780.2M | $871.3M | $602.6M | $329.6M | $378.3M | $639.9M | $662.2M | $262.1M | $8.6M |
| Book value per share | $5.69 | $6.72 | $9.36 | $9.15 | $5.41 | $10.96 | $30.19 | — | — | — |
| Shares outstanding | 121.3M | 116.0M | 93.1M | 65.8M | 61.0M | 34.5M | 21.2M | — | — | — |
| Current ratio | 8.64 | 6.69 | 7.95 | 4.01 | 1.60 | 3.23 | 6.28 | 9.90 | 5.63 | 1.13 |
| Quick ratio | 7.87 | 6.50 | 7.07 | 4.01 | 1.60 | 3.23 | 6.15 | 9.10 | 5.53 | 1.13 |
| Debt / equity | 0.65 | 0.31 | 0.34 | 0.39 | 0.67 | 0.46 | 0.31 | 0.26 | 0.12 | 1.23 |
| Equity / assets | 56.2% | 69.7% | 65.1% | 56.0% | 54.8% | 67.0% | 85.5% | 87.9% | 88.7% | 42.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $44.9M | $37.2M | $44.0M | $40.0M | $34.5M | $35.6M | $34.2M | $34.7M | $30.9M | $39.7M | $31.0M | $39.5M |
| Cash & equivalents | $44.9M | $37.2M | $44.0M | $40.0M | $34.5M | $35.6M | $34.2M | $34.7M | $30.9M | $39.7M | $31.0M | $39.5M |
| Short-term investments | — | — | — | — | — | — | −$424 | $176 | — | — | — | — |
| Receivables | $53.7M | $45.5M | $36.6M | $43.8M | $48.0M | $61.0M | $48.7M | $50.6M | $53.2M | $57.6M | $60.7M | $64.2M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$60.7M | −$64.2M |
| Other current assets | $2.2M | $2.0M | $7.9M | $4.6M | $5.7M | $2.8M | $2.4M | $6.8M | $4.8M | $6.1M | $72.1M | $65.7M |
| Total current assets | $100.8M | $84.7M | $88.5M | $88.4M | $88.2M | $99.4M | $85.3M | $92.2M | $88.9M | $103.3M | $103.1M | $105.2M |
| Property, plant & equipment (net) | $1.21B | $5.1M | $5.2M | $1.16B | $1.19B | $1.22B | $1.03B | $2.3M | $1.15B | $1.18B | $1.22B | $1.28B |
| Goodwill & intangible assets | $9.4M | $0 | $0 | $0 | $4.9M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $1.6M | $1.10B | $1.14B | $4.9M | $267,000 | $4.7M | $5.8M | $1.12B | $6.7M | $7.5M | $10.2M | $6.2M |
| Total assets | $1.33B | $1.19B | $1.23B | $1.25B | $1.28B | $1.33B | $1.12B | $1.21B | $1.24B | $1.29B | $1.34B | $1.39B |
| Liabilities | ||||||||||||
| Accounts payable | $4.1M | $2.9M | $3.1M | $4.5M | $3.1M | $5.5M | $6.5M | $6.9M | $6.5M | $6.9M | $6.6M | $3.2M |
| Short-term debt | $330,000 | $494,000 | $658,000 | $162,000 | $324,000 | $701,663 | $489,139 | $122,897 | $609,533 | $355,459 | $488,725 | $511,916 |
| Deferred revenue | — | — | — | — | — | — | — | — | — | — | −$488,725 | −$511,916 |
| Total current liabilities | $13.8M | $16.5M | $10.2M | $16.4M | $16.2M | $16.5M | $12.7M | $17.7M | $15.7M | $12.2M | $13.0M | $15.1M |
| Long-term debt | $478.7M | $440.9M | $441.5M | $448.5M | $462.1M | $299.0M | $239.2M | $252.2M | $265.8M | $285.4M | $294.2M | $310.4M |
| Lease obligations | $4.2M | $4.3M | $4.4M | $4.5M | $4.6M | $4.7M | $3.6M | $1.6M | $1.7M | $1.8M | $1.9M | $2.0M |
| Other long-term liabilities | $5.0M | $7.4M | $4.4M | $4.5M | $5.3M | $6.7M | $4.5M | $1.7M | $2.9M | $3.4M | $2.1M | $3.7M |
| Total liabilities | $497.5M | $464.9M | $456.2M | $469.4M | $483.5M | $322.2M | $256.4M | $271.6M | $284.4M | $300.9M | $309.3M | $329.3M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $575.9M | $521.9M | $531.8M | $541.8M | $556.6M | $595.0M | $464.2M | $532.0M | $722.9M | $641.4M | $556.9M | $696.1M |
| Minority interest | $93.7M | $48.0M | $82.5M | $84.1M | $86.4M | — | — | — | — | — | — | — |
| Total shareholders' equity | $735.0M | $680.9M | $690.6M | $700.4M | $715.0M | $911.4M | $780.2M | $847.6M | $1.04B | $956.2M | $871.3M | $1.01B |
| Key figures | ||||||||||||
| Total debt | $483.3M | $445.2M | $451.0M | $453.2M | $466.7M | $304.4M | $242.7M | $253.8M | $267.7M | $287.5M | $296.1M | $312.4M |
| Net cash (debt) | −$438.3M | −$408.1M | −$407.0M | −$413.1M | −$432.1M | −$268.7M | −$208.6M | −$219.1M | −$236.8M | −$247.8M | −$265.1M | −$272.8M |
| Working capital | $87.0M | $68.1M | $78.2M | $72.0M | $72.1M | $82.9M | $72.5M | $74.4M | $73.3M | $91.1M | $90.2M | $90.0M |
| Tangible book value | $725.7M | $680.9M | $690.6M | $700.4M | $710.1M | $911.4M | $780.2M | $847.6M | $1.04B | $956.2M | $871.3M | $1.01B |
| Book value per share | $6.18 | $5.72 | $5.85 | $5.92 | $5.82 | $7.12 | $6.71 | $7.28 | $8.90 | $13.26 | $7.55 | $10.64 |
| Shares outstanding | 118.9M | 119.1M | 118.1M | 118.2M | 122.9M | 127.9M | 116.2M | 116.4M | 116.6M | 72.1M | 115.4M | 95.0M |
| Current ratio | 7.30 | 5.12 | 8.64 | 5.39 | 5.45 | 6.02 | 6.69 | 5.20 | 5.68 | 8.48 | 7.95 | 6.95 |
| Quick ratio | 7.15 | 5.00 | 7.87 | 5.11 | 5.10 | 5.85 | 6.50 | 4.81 | 5.38 | 7.98 | 7.07 | 6.85 |
| Debt / equity | 0.66 | 0.65 | 0.65 | 0.65 | 0.65 | 0.33 | 0.31 | 0.30 | 0.26 | 0.30 | 0.34 | 0.31 |
| Equity / assets | 55.4% | 57.0% | 56.2% | 55.9% | 55.6% | 68.7% | 69.7% | 69.8% | 83.5% | 74.1% | 65.1% | 72.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 26, 2026); data from EODHD.
KRP financial position
At the end of fiscal 2025 (December 31, 2025), Kimbell Royalty Partners had total assets of $1.2 billion (up 9.8% from a year earlier), total liabilities of $456.2 million and shareholders' equity of $690.6 million. It held $44.0 million in cash and short-term investments against $451.0 million of debt, net debt of $407.0 million. Its current ratio was 8.64. In the latest quarter (ended June 30, 2026) total assets were $1.3 billion and equity $735.0 million.
Related: KRP income statement, KRP cash flow statement, KRP key metrics. See the KRP stock overview for the latest quote and news.
KRP balance sheet FAQ
What are Kimbell Royalty Partners's total assets?
Kimbell Royalty Partners reported total assets of $1.2 billion at the end of fiscal 2025 (December 31, 2025), compared with $1.1 billion a year earlier.
How much debt does Kimbell Royalty Partners have?
Kimbell Royalty Partners had $451.0 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.65.
How much cash does Kimbell Royalty Partners have?
Kimbell Royalty Partners held $44.0 million in cash and short-term investments at the end of fiscal 2025; with $451.0 million of debt that is net debt of $407.0 million.
What is Kimbell Royalty Partners's book value?
Kimbell Royalty Partners's shareholders' equity (book value) was $690.6 million at the end of fiscal 2025, or $5.69 per share.
What is Kimbell Royalty Partners's current ratio?
Kimbell Royalty Partners had current assets of $88.5 million and current liabilities of $10.2 million, a current ratio of 8.64 (it can cover its short-term obligations).