10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001558370-17-008705 |
| Period End Date | 20170930 |
| Filing Date | 20171109 |
| Fiscal Year | 2017 |
| Fiscal Period | Q3 |
| XBRL Instance | krp-20170930.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
20 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$6.23M | USD | Point-in-time |
| Oil, natural gas and NGL receivables |
OilAndGasBillingReceivables
|
$5.50M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$258.79K | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$11.99M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$204.34K | USD | Point-in-time |
| Oil and natural gas properties, using full cost method of accounting |
OilAndGasPropertyFullCostMethodGross
|
$285.04M | USD | Point-in-time |
| Less: accumulated depreciation, depletion, accretion and impairment |
OilAndGasPropertyFullCostMethodDepletion
|
$11.05M | USD | Point-in-time |
| Total oil and natural gas properties |
OilAndGasPropertyFullCostMethodNet
|
$274.00M | USD | Point-in-time |
| Deposits on oil and natural gas properties |
OilAndNaturalGasPropertyDeposits
|
$3.95M | USD | Point-in-time |
| Loan origination costs, net |
DeferredFinanceCostsNoncurrentNet
|
$270.83K | USD | Point-in-time |
| Total assets |
Assets
|
$290.41M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$152.57K | USD | Point-in-time |
| Other current liabilities |
OtherAccruedLiabilitiesCurrent
|
$2.15M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$2.30M | USD | Point-in-time |
| Long-term debt |
LongTermLineOfCredit
|
$22.21M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$24.51M | USD | Point-in-time |
| Commitments and contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Partners' capital |
PartnersCapital
|
$265.89M | USD | Point-in-time |
| Partners' capital |
PartnersCapital
|
$8.09M | USD | Point-in-time |
| Total liabilities and partners' capital |
LiabilitiesAndPartnersCapital
|
$290.41M | USD | Point-in-time |
Income Statement
29 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Oil, natural gas and NGL revenues |
OilAndGasRevenue
|
$8.35M | USD | 1 Quarter |
| Oil, natural gas and NGL revenues |
OilAndGasRevenue
|
$20.66M | USD | 3 Qtrs |
| Production and ad valorem taxes |
ProductionTaxExpense
|
$1.60M | USD | 3 Qtrs |
| Production and ad valorem taxes |
ProductionTaxExpense
|
$778.73K | USD | 1 Quarter |
| Depreciation, depletion and accretion expenses |
DepreciationDepletionAndAmortization
|
$4.49M | USD | 1 Quarter |
| Depreciation, depletion and accretion expenses |
DepreciationDepletionAndAmortization
|
$11.16M | USD | 3 Qtrs |
| Impairment of oil and natural gas properties |
ImpairmentOfOilAndGasProperties
|
- | USD | 3 Qtrs |
| Marketing and other deductions |
SellingAndMarketingExpense
|
$1.07M | USD | 3 Qtrs |
| Marketing and other deductions |
SellingAndMarketingExpense
|
$424.70K | USD | 1 Quarter |
| General and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$5.71M | USD | 3 Qtrs |
| General and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$2.31M | USD | 1 Quarter |
| Total costs and expenses |
CostsAndExpenses
|
$19.53M | USD | 3 Qtrs |
| Total costs and expenses |
CostsAndExpenses
|
$8.01M | USD | 1 Quarter |
| Operating income (loss) |
OperatingIncomeLoss
|
$344.33K | USD | 1 Quarter |
| Operating income (loss) |
OperatingIncomeLoss
|
$1.12M | USD | 3 Qtrs |
| Interest expense |
InterestExpense
|
$225.30K | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$468.43K | USD | 3 Qtrs |
| Income (loss) before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$119.03K | USD | 1 Quarter |
| Income (loss) before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$653.90K | USD | 3 Qtrs |
| Net income (loss) |
NetIncomeLoss
|
$653.90K | USD | 3 Qtrs |
| Net income (loss) |
NetIncomeLoss
|
$119.03K | USD | 1 Quarter |
| Net income (loss) attributable to common units per unit (basic) |
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
|
$0.04 | USD | 3 Qtrs |
| Net income (loss) attributable to common units per unit (basic) |
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
|
$0.01 | USD | 1 Quarter |
| Net income (loss) attributable to common units per unit (diluted) |
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
|
$0.01 | USD | 1 Quarter |
| Net income (loss) attributable to common units per unit (diluted) |
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
|
$0.04 | USD | 3 Qtrs |
| Weighted average number of common units outstanding Basic (in units) |
WeightedAverageLimitedPartnershipUnitsOutstanding
|
16.33M | shares | 3 Qtrs |
| Weighted average number of common units outstanding Basic (in units) |
WeightedAverageLimitedPartnershipUnitsOutstanding
|
16.34M | shares | 1 Quarter |
| Weighted average number of common units outstanding Diluted (in units) |
WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
|
16.50M | shares | 1 Quarter |
| Weighted average number of common units outstanding Diluted (in units) |
WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
|
16.43M | shares | 3 Qtrs |
Cash Flow Statement
25 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income (loss) |
ProfitLoss
|
$653.90K | USD | 3 Qtrs |
| Depreciation, depletion and accretion expenses |
DepreciationDepletionAndAmortization
|
$4.49M | USD | 1 Quarter |
| Depreciation, depletion and accretion expenses |
DepreciationDepletionAndAmortization
|
$11.16M | USD | 3 Qtrs |
| Impairment of oil and natural gas properties |
ImpairmentOfOilAndGasProperties
|
- | USD | 3 Qtrs |
| Amortization of loan origination costs |
AmortizationOfFinancingCosts
|
$41.67K | USD | 3 Qtrs |
| Unit-based compensation |
ShareBasedCompensation
|
$569.89K | USD | 3 Qtrs |
| Oil, natural gas and NGL receivables |
IncreaseDecreaseInOilAndGasBillingReceivables
|
$496.89K | USD | 3 Qtrs |
| Other current assets |
IncreaseDecreaseInOtherCurrentAssets
|
$258.79K | USD | 3 Qtrs |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$152.57K | USD | 3 Qtrs |
| Other current liabilities |
IncreaseDecreaseInOtherCurrentLiabilities
|
$2.15M | USD | 3 Qtrs |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$13.97M | USD | 3 Qtrs |
| Purchases of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$57.59K | USD | 3 Qtrs |
| Deposits on oil and natural gas properties |
PaymentsForDepositsOnOilAndNaturalGasProperties
|
$3.95M | USD | 3 Qtrs |
| Purchase of oil and natural gas properties |
PaymentsToAcquireOilAndGasProperty
|
$113.18M | USD | 3 Qtrs |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-117.19M | USD | 3 Qtrs |
| Proceeds from initial public offering |
ProceedsFromIssuanceInitialPublicOffering
|
$96.25M | USD | 3 Qtrs |
| Distributions to partners |
DistributionMadeToLimitedPartnerCashDistributionsPaid
|
$8.71M | USD | 3 Qtrs |
| Borrowings on long-term debt |
ProceedsFromIssuanceOfLongTermDebt
|
$22.21M | USD | 3 Qtrs |
| Payment of loan origination costs |
PaymentsOfLoanCosts
|
$312.50K | USD | 3 Qtrs |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$109.45M | USD | 3 Qtrs |
| NET INCREASE IN CASH AND CASH EQUIVALENTS |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$6.23M | USD | 3 Qtrs |
| CASH AND CASH EQUIVALENTS, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$6.23M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$6.23M | USD | Point-in-time |
| Cash paid for interest |
InterestPaidNet
|
$276.25K | USD | 3 Qtrs |
| Capital expenditures through issuance of common units |
CapitalExpendituresIncurredIssuanceOfCommonUnits
|
$176.40M | USD | 3 Qtrs |
Stockholders Equity
19 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Partners' capital, beginning balance |
PartnersCapital
|
$265.89M | USD | Point-in-time |
| Partners' capital, beginning balance |
PartnersCapital
|
$8.09M | USD | Point-in-time |
| Partners' capital, beginning balance (in units) |
LimitedPartnersCapitalAccountUnitsOutstanding
|
0.00 | shares | Point-in-time |
| Partners' capital, beginning balance (in units) |
LimitedPartnersCapitalAccountUnitsOutstanding
|
16.51M | shares | Point-in-time |
| Common units issued to Predecessor in exchange for oil and natural gas properties (in units) |
UnitsIssuedToPredecessorForOilAndNaturalGasProperties
|
1.19M | shares | 3 Qtrs |
| Common units issued to contributors in exchange for oil and natural gas properties |
UnitsIssuedValueToContributorsForOilAndNaturalGasProperties
|
$169.03M | USD | 3 Qtrs |
| Common units issued to contributors in exchange for oil and natural gas properties (in units) |
UnitsIssuedToContributorsForOilAndNaturalGasProperties
|
9.39M | shares | 3 Qtrs |
| Common units sold to public |
StockIssuedDuringPeriodValueNewIssues
|
$103.50M | USD | 3 Qtrs |
| Common units sold to public (in units) |
StockIssuedDuringPeriodSharesNewIssues
|
5.75M | shares | 3 Qtrs |
| Underwriting discount and structuring fee incurred at initial public offering |
UnderwriterAndStructuringFeeDiscountInitialPublicOffering
|
$7.25M | USD | 3 Qtrs |
| Distributions to unitholders |
PartnersCapitalAccountDistributions
|
$8.71M | USD | 3 Qtrs |
| Unit-based compensation |
PartnersCapitalAccountUnitBasedCompensation
|
$569.89K | USD | 3 Qtrs |
| Unit-based compensation (in units) |
PartnersCapitalAccountUnitsUnitbasedCompensation
|
177,091.00 | shares | 3 Qtrs |
| Net income (loss) |
NetIncomeLoss
|
$653.90K | USD | 3 Qtrs |
| Net income (loss) |
NetIncomeLoss
|
$119.03K | USD | 1 Quarter |
| Partners' capital, ending balance |
PartnersCapital
|
$265.89M | USD | Point-in-time |
| Partners' capital, ending balance |
PartnersCapital
|
$8.09M | USD | Point-in-time |
| Partners' capital, ending balance (in units) |
LimitedPartnersCapitalAccountUnitsOutstanding
|
0.00 | shares | Point-in-time |
| Partners' capital, ending balance (in units) |
LimitedPartnersCapitalAccountUnitsOutstanding
|
16.51M | shares | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.