10-K Filing

KIMBELL ROYALTY PARTNERS, LP CIK: 1657788 FY 2017

Filing Information

Form Type	10-K
Accession Number	`0001558370-18-001804`
Period End Date	20171231
Filing Date	20180309
Fiscal Year	2017
Fiscal Period	FY
XBRL Instance	krp-20171231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 21 Income Statement 17 Cash Flow Statement 23 Stockholders Equity 16

Balance Sheet 21 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.63M	USD	Point-in-time
Oil, natural gas and NGL receivables	`OilAndGasBillingReceivables`	$6.79M	USD	Point-in-time
Accounts receivable and other current assets	`AccountsReceivableNetCurrentAndOtherAssetsCurrent`	$236.67K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$12.66M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$165.23K	USD	Point-in-time
Oil and natural gas properties, using full cost method of accounting	`OilAndGasPropertyFullCostMethodGross`	$297.61M	USD	Point-in-time
Less: accumulated depreciation, depletion, accretion and impairment	`OilAndGasPropertyFullCostMethodDepletion`	$15.39M	USD	Point-in-time
Total oil and natural gas properties	`OilAndGasPropertyFullCostMethodNet`	$282.22M	USD	Point-in-time
Loan origination costs, net	`DeferredFinanceCostsNoncurrentNet`	$255.21K	USD	Point-in-time
Total assets	`Assets`	$295.29M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$316.49K	USD	Point-in-time
Other current liabilities	`OtherAccruedLiabilitiesCurrent`	$1.75M	USD	Point-in-time
Commodity derivative liabilities	`DerivativeLiabilitiesCurrent`	$183.96K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.25M	USD	Point-in-time
Long-term debt	`LongTermLineOfCredit`	$30.84M	USD	Point-in-time
Commodity derivative liabilities	`DerivativeLiabilitiesNoncurrent`	$134.87K	USD	Point-in-time
Total liabilities	`Liabilities`	$33.23M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Partners' capital	`PartnersCapital`	$8.09M	USD	Point-in-time
Partners' capital	`PartnersCapital`	$262.07M	USD	Point-in-time
Total liabilities and partners' capital	`LiabilitiesAndPartnersCapital`	$295.29M	USD	Point-in-time

Income Statement 17 line items

Line Item	Tag	Value	Unit	Period
Oil, natural gas and NGL revenues	`OilAndGasRevenue`	$30.67M	USD	Annual
Loss on commodity derivative instruments	`UnrealizedGainLossOnCommodityContracts`	$-318.83K	USD	Annual
Total revenues	`Revenues`	$30.35M	USD	Annual
Production and ad valorem taxes	`ProductionTaxExpense`	$2.45M	USD	Annual
Depreciation, depletion and accretion expenses	`DepreciationDepletionAndAmortization`	$15.55M	USD	Annual
Impairment of oil and natural gas properties	`ImpairmentOfOilAndGasProperties`	-	USD	Annual
Marketing and other deductions	`SellingAndMarketingExpense`	$1.65M	USD	Annual
General and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$8.19M	USD	Annual
Total costs and expenses	`CostsAndExpenses`	$27.84M	USD	Annual
Operating income (loss)	`OperatingIncomeLoss`	$2.51M	USD	Annual
Interest expense	`InterestExpense`	$791.44K	USD	Annual
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.72M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$1.72M	USD	Annual
Net income (loss) attributable to common units per unit (basic)	`NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax`	$0.11	USD	Annual
Net income (loss) attributable to common units per unit (diluted)	`NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted`	$0.10	USD	Annual
Weighted average number of common units outstanding Basic (in units)	`WeightedAverageLimitedPartnershipUnitsOutstanding`	16.34M	shares	Annual
Weighted average number of common units outstanding Diluted (in units)	`WeightedAverageLimitedPartnershipUnitsOutstandingDiluted`	16.46M	shares	Annual

Cash Flow Statement 23 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$1.72M	USD	Annual
Depreciation, depletion and accretion expenses	`DepreciationDepletionAndAmortization`	$15.55M	USD	Annual
Impairment of oil and natural gas properties	`ImpairmentOfOilAndGasProperties`	-	USD	Annual
Amortization of loan origination costs	`AmortizationOfFinancingCosts`	$57.29K	USD	Annual
Unit-based compensation	`ShareBasedCompensation`	$798.41K	USD	Annual
Loss on commodity derivative instruments	`UnrealizedGainLossOnCommodityContracts`	$-318.83K	USD	Annual
Oil, natural gas and NGL receivables	`IncreaseDecreaseInOilAndGasBillingReceivables`	$1.69M	USD	Annual
Accounts receivable and other current assets	`IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets`	$236.67K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$316.49K	USD	Annual
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$1.75M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$18.57M	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$61.93K	USD	Annual
Purchase of oil and natural gas properties	`PaymentsToAcquireOilAndGasProperty`	$125.85M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-125.91M	USD	Annual
Proceeds from initial public offering	`ProceedsFromIssuanceInitialPublicOffering`	$96.25M	USD	Annual
Distributions to unitholders/members	`DistributionMadeToLimitedPartnerCashDistributionsPaid`	$13.82M	USD	Annual
Borrowings on long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$30.84M	USD	Annual
Payment of loan origination costs	`PaymentsOfLoanCosts`	$312.50K	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$112.96M	USD	Annual
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.63M	USD	Annual
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.63M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.63M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$455.23K	USD	Annual

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Partners' capital, beginning balance	`PartnersCapital`	$8.09M	USD	Point-in-time
Partners' capital, beginning balance	`PartnersCapital`	$262.07M	USD	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	Annual
Common units issued to contributors in exchange for oil and natural gas properties	`UnitsIssuedValueToContributorsForOilAndNaturalGasProperties`	$169.03M	USD	Annual
Common units issued to contributors in exchange for oil and natural gas properties (in units)	`UnitsIssuedToContributorsForOilAndNaturalGasProperties`	9.39M	shares	Annual
Common units sold to public	`StockIssuedDuringPeriodValueNewIssues`	$103.50M	USD	Annual
Common units sold to public (in units)	`StockIssuedDuringPeriodSharesNewIssues`	5.75M	shares	Annual
Underwriting discount and structuring fee incurred at initial public offering	`UnderwriterAndStructuringFeeDiscountInitialPublicOffering`	$7.25M	USD	Annual
Distributions to unitholders	`PartnersCapitalAccountDistributions`	$13.82M	USD	Annual
Unit-based compensation	`PartnersCapitalAccountUnitBasedCompensation`	$798.41K	USD	Annual
Unit-based compensation (in units)	`PartnersCapitalAccountUnitsUnitbasedCompensation`	177,091.00	shares	Annual
Net income (loss)	`NetIncomeLoss`	$1.72M	USD	Annual
Partners' capital, ending balance	`PartnersCapital`	$8.09M	USD	Point-in-time
Partners' capital, ending balance	`PartnersCapital`	$262.07M	USD	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.