Kimbell Royalty Partners, LP

Kimbell Royalty Partners, LPverified

KRP

Price:

$15.94

Market Cap:

$1.75B

Kimbell Royalty Partners, LP, together with its subsidiaries, acquires and owns mineral and royalty interests in oil and natural gas properties in the United States. As of December 31, 2021, it owned mineral and royalty interests in approximately 11.4 million gross acres and overriding royalty interests in approximately 4.7 million gross acres. The company's mineral and royalty interests are located in 28 states and include ownership in approximately 122,000 gross wells, including approximately 46,000 wells in the Permian Basin. It serves as the general partner of the company. The company was founded in 2013 and is based in Fort Worth, Texas.[Read more]

Industry

Oil & Gas Exploration & Production

IPO Date

2017-02-03

Stock Exchange

NYSE

Ticker

KRP

The Current Ratio as of September 2024 (TTM) for Kimbell Royalty Partners, LP (KRP) is 5.68

According to Kimbell Royalty Partners, LP’s latest financial reports and current stock price. The company's current Current Ratio is 5.68. This represents a change of -21.81% compared to the average of 7.26 of the last 4 quarters.

Kimbell Royalty Partners, LP (KRP) Historical Current Ratio (quarterly & annually)

How has KRP Current Ratio performed in the past?

The mean historical Current Ratio of Kimbell Royalty Partners, LP over the last ten years is 4.16. The current 5.68 Current Ratio has changed 13.57% with respect to the historical average. Over the past ten years (40 quarters), KRP's Current Ratio was at its highest in in the December 2018 quarter at 9.90. The Current Ratio was at its lowest in in the June 2014 quarter at 0.

Quarterly (TTM)
Annual

Average

4.16

Median

3.62

Minimum

0.76

Maximum

9.90

Kimbell Royalty Partners, LP (KRP) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Kimbell Royalty Partners, LP Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 397.72%

Maximum Annual Current Ratio = 9.90

Minimum Annual Increase = -50.38%

Minimum Annual Current Ratio = 0.76

Quarterly (TTM)
Annual
YearCurrent RatioChange
20237.9598.37%
20224.01149.84%
20211.60-50.38%
20203.23-48.51%
20196.28-36.60%
20189.9075.75%
20175.63397.72%
20161.135.92%
20151.0741.02%
20140.76-34.76%

Kimbell Royalty Partners, LP (KRP) Average Current Ratio

How has KRP Current Ratio performed in the past?

The current Current Ratio of Kimbell Royalty Partners, LP (KRP) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

4.52

5-year avg

4.61

10-year avg

4.16

Kimbell Royalty Partners, LP (KRP) Current Ratio vs. Peers

How is KRP’s Current Ratio compared to its peers?

Kimbell Royalty Partners, LP’s Current Ratio is less than Dorchester Minerals, L.P. (12.54), greater than Sitio Royalties Corp. (5.34), greater than Coterra Energy Inc. (1.40), greater than San Juan Basin Royalty Trust (0), less than Cross Timbers Royalty Trust (6.52), greater than Black Stone Minerals, L.P. (4.23), greater than VOC Energy Trust (0), less than Sabine Royalty Trust (11.20), greater than PermRock Royalty Trust (3.05), greater than North European Oil Royalty Trust (1.57), greater than Permianville Royalty Trust (0), greater than MV Oil Trust (0), less than Mesa Royalty Trust (9.69),

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