KRP — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-08-07

• As to us, $0.026665 of the OpCo common unit distribution corresponds to a tax payment made by us in the second quarter of 2026. Under the limited liability company agreement of the Operating Company, we are not reimbursed by the Operating Company for federal income taxes paid by us.

• We will pay a cash distribution on the Series A Cumulative Convertible Preferred Units representing limited partner interests in the Partnership (the “Series A preferred units”) of approximately $2.4 million for the quarter ended June 30, 2026. We intend to pay the distribution subsequent to August …

• On June 22, 2026, we completed the acquisition of mineral and royalty interests from Mesa Visa Royalties, LLC and certain of its affiliates (the “Mesa Acquisition) in a transaction valued at approximately $147.0 million, including transaction costs and certain customary post-closing adjustments. The…

• On July 16, 2026, we, Opco, Kimbell Royalty Holdings, LLC (“KRH”), Kimbell Intermediate Holdings, LLC (“Intermediate”), KRP Legacy NBR, LLC (“KRP Legacy”), and Kimbell Crest Minerals LLC (“Kimbell Crest” and, together with us, Opco, KRH, Intermediate and KRP Legacy, the “Buyer Parties”), entered int…

• The Buyer Parties have agreed to acquire (a) certain mineral interests, overriding royalty interests, royalty interests and other interests in oil and gas properties from the Sellers and (b) certain partnership interests in OGM Partners I, and RCPTX, Ltd, that are not already owned by the Buyer Part…

Text removed vs the prior filing · source: 10-Q · 2026-05-07

• We will pay a cash distribution on the Series A Cumulative Convertible Preferred Units representing limited partner interests in the Partnership (the “Series A preferred units”) of approximately $2.4 million for the quarter ended

• March 31, 2026. We intend to pay the distribution subsequent to May 7, 2026 and prior to the distribution on the common units and OpCo common units.

• In February 2022, Russia invaded Ukraine and is still engaged in active armed conflict against the country. In October 2023, armed active conflict escalated in the Middle East between Israel and Hamas. These conflicts, along with the recent U.S. military action in Venezuela and Iran, and the applica…

• The Baker Hughes United States Rotary Rig count decreased by 7.8% to 530 active land rigs at March 31, 2026 compared to 575 active land rigs at March 31, 2025. The 530 active land rigs at March 31, 2026 increased slightly compared to 527 active land rigs at December 31, 2025. The decrease in rig cou…

• Adjusted EBITDA and cash available for distribution on common units are used as supplemental non-GAAP financial measures (as defined below) by management and external users of our financial statements, such as industry analysts, investors, lenders and rating agencies. We believe Adjusted EBITDA and …

Text removed vs the prior filing · source: 10-Q · 2026-05-07

• fluctuations in oil and natural gas prices on our revenues, we entered into commodity derivative contracts to reduce our exposure to price volatility of oil and natural gas. The counterparties to the contracts are unrelated third parties.

Text added vs the prior filing · source: 10-Q · 2026-08-07

• There have not been any changes in our internal control over financial reporting that occurred during the quarter ended June 30, 2026 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

Text removed vs the prior filing · source: 10-Q · 2026-05-07

• the SEC and that such information is accumulated and communicated to management, including our General Partner’s principal executive officer and principal financial officer, as appropriate, to allow timely decisions regarding required disclosure. Based upon that evaluation, our General Partner’s man…

• There have not been any changes in our internal control over financial reporting that occurred during the quarter ended March 31, 2026 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.