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Kimbell Royalty Partners LP (Kimbell Royalty Partners LP) EBIT

: $112.7 Mil (TTM As of Dec. 2023)
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Kimbell Royalty Partners LP's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $26.6 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $112.7 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Kimbell Royalty Partners LP's annualized ROC % for the quarter that ended in Dec. 2023 was 8.49%. Kimbell Royalty Partners LP's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 8.15%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Kimbell Royalty Partners LP's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 7.71%.


Kimbell Royalty Partners LP EBIT Historical Data

The historical data trend for Kimbell Royalty Partners LP's EBIT 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.

Array ( [0] => - [1] => - [2] => - [3] => - [4] => - [5] => -151.50 [6] => -250.55 [7] => 51.69 [8] => 147.35 [9] => 112.72 )
Kimbell Royalty Partners LP Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -151.50 -250.55 51.69 147.35 112.72

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
EBIT Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 40.09 35.77 25.05 25.29 26.62

Competitive Comparison

For the Oil & Gas E&P subindustry, Kimbell Royalty Partners LP's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Kimbell Royalty Partners LP EV-to-EBIT Distribution

For the Oil & Gas industry and Energy sector, Kimbell Royalty Partners LP's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Kimbell Royalty Partners LP's EV-to-EBIT falls into.



Kimbell Royalty Partners LP EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $112.7 Mil.

* 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.


Kimbell Royalty Partners LP  (NYSE:KRP) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Kimbell Royalty Partners LP's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=120.664 * ( 1 - 6.92% )/( (1347.07 + 1300.201)/ 2 )
=112.3140512/1323.6355
=8.49 %

where

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

Kimbell Royalty Partners LP's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=106.476/( ( (1278.404 + max(50.52, 0)) + (1224.435 + max(59.17, 0)) )/ 2 )
=106.476/( ( 1328.924 + 1283.605 )/ 2 )
=106.476/1306.2645
=8.15 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(64.176 + 0 + 1.489) - (3.186 + 0 + 11.959)
=50.52

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(60.72 + 0 + 11.427) - (6.595 + 0 + 6.382)
=59.17

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Kimbell Royalty Partners LP's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=112.722/1461.121
=7.71 %

* 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.


Kimbell Royalty Partners LP EBIT Related Terms

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

Traded in Other Exchanges
Address
777 Taylor Street, Suite 810, Fort Worth, TX, USA, 76102
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

Kimbell Royalty Partners LP (Kimbell Royalty Partners LP) Headlines