Kimbell Royalty Partners LP (Kimbell Royalty Partners LP) Cash And Cash Equivalents : $31.0 Mil (As of Dec. 2023)

View and export this data going back to 2017. Start your Free Trial

What is Kimbell Royalty Partners LP Cash And Cash Equivalents?

Kimbell Royalty Partners LP's quarterly cash and cash equivalents increased from Jun. 2023 ($20.78 Mil) to Sep. 2023 ($39.53 Mil) but then stayed the same from Sep. 2023 ($39.53 Mil) to Dec. 2023 ($30.99 Mil).

Kimbell Royalty Partners LP's annual cash and cash equivalents increased from Dec. 2021 ($7.05 Mil) to Dec. 2022 ($24.64 Mil) and increased from Dec. 2022 ($24.64 Mil) to Dec. 2023 ($30.99 Mil).

Kimbell Royalty Partners LP Cash And Cash Equivalents Historical Data

The historical data trend for Kimbell Royalty Partners LP's Cash And Cash Equivalents can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Kimbell Royalty Partners LP Cash And Cash Equivalents Chart

Kimbell Royalty Partners LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

Get a 7-Day Free Trial

14.20

9.81

7.05

24.64

30.99

Kimbell Royalty Partners LP Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															24.64	19.08	20.78	39.53	30.99

Kimbell Royalty Partners LP Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Kimbell Royalty Partners LP (NYSE:KRP) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

Kimbell Royalty Partners LP Cash And Cash Equivalents Related Terms

Thank you for viewing the detailed overview of Kimbell Royalty Partners LP's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.

Kimbell Royalty Partners LP (Kimbell Royalty Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Kimbell Royalty Partners LP (NYSE:KRP) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

0R3:Germany

Address

777 Taylor Street, Suite 810, Fort Worth, TX, USA, 76102

Website

https://www.kimbellrp.com

Kimbell Royalty Partners LP owns and acquires mineral and royalty interests in oil and natural gas properties throughout the United States. The company's basins and producing regions include areas of interest in the Permian Basin, Mid-Continent, Terryville/Cotton Valley/Haynesville, Appalachian Basin, Eagle Ford, Bakken/Williston Basin, and DJ Basin/Rockies/Niobrara. Its revenues are derived from royalty payments received from operators based on the sale of oil, natural gas, and NGL production, as well as the sale of NGLs that are extracted from natural gas during processing.

Executives

T Scott Martin	director	777 TAYLOR STREET, SUITE 810, FORT WORTH TX 76102
Blayne Rhynsburger	officer: Controller	777 TAYLOR STREET, SUITE 810, FORT WORTH TX 76102
Mitch S. Wynne	director	777 TAYLOR STREET, SUITE 810, FORT WORTH TX 76102
Mb Minerals, L.p.	10 percent owner	800 NORTH SHORELINE BLVD., SUITE 900N, CORPUS CHRISTI TX 78401
Sabalo Midland Basin, Inc.	10 percent owner	800 NORTH SHORELINE BLVD., SUITE 900N, CORPUS CHRISTI TX 78401
Encap Energy Capital Fund Ix, L.p.	10 percent owner	9651 KATY FREEWAY, SUITE 600, HOUSTON TX 77024
Erik B Daugbjerg	director	3141 HOOD STREET, SUITE 500, DALLAS TX 75219
Brett G. Taylor	director	777 TAYLOR STREET, SUITE 810, FORT WORTH TX 76102
Pep I Holdings, Llc	10 percent owner	C/O ENCAP INVESTMENTS L.P., 1100 LOUISIANA STREET, SUITE 4900, HOUSTON TX 77002
Kkr Upstream Associates Llc	10 percent owner	C/O KKR, 9 WEST 57TH STREET, SUITE 4200, NEW YORK NY 10019
Kkr Group Partnership L.p.	10 percent owner	C/O KOHLBERG KRAVIS ROBERTS & CO. L.P., 30 HUDSON YARDS, NEW YORK NY 10001
Robert D. Ravnaas	director, officer: Chief Executive Officer	777 TAYLOR STREET, SUITE 810, FORT WORTH TX 76102
Peter Alcorn	officer: Vice President-Land	777 TAYLOR STREET, SUITE 810, FORT WORTH TX 76102
Matthew S. Daly	officer: Senior V.P.-Corp. Development	777 TAYLOR STREET, SUITE 810, FORT WORTH TX 76102
Robert Davis Ravnaas	officer: President and CFO	777 TAYLOR STREET, SUITE 810, FORT WORTH TX 76102