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Kimbell Royalty Partners LP (Kimbell Royalty Partners LP) Effective Interest Rate on Debt %

: 9.81% (As of Dec. 2023)
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Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Kimbell Royalty Partners LP's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $29.9 Mil. Kimbell Royalty Partners LP's average total debt for the quarter that ended in Dec. 2023 was $304.2 Mil. Therefore, Kimbell Royalty Partners LP's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 9.81%.


Kimbell Royalty Partners LP Effective Interest Rate on Debt % Historical Data

The historical data trend for Kimbell Royalty Partners LP's Effective Interest Rate on Debt % 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 Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.10 4.63 4.66 6.07 9.77

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
Effective Interest Rate on Debt % 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 7.16 9.47 10.19 9.15 9.81

Competitive Comparison

For the Oil & Gas E&P subindustry, Kimbell Royalty Partners LP's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % 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 Effective Interest Rate on Debt % Distribution

For the Oil & Gas industry and Energy sector, Kimbell Royalty Partners LP's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Kimbell Royalty Partners LP's Effective Interest Rate on Debt % falls into.



Kimbell Royalty Partners LP Effective Interest Rate on Debt % Calculation

Kimbell Royalty Partners LP's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -25.951/( (235.252+296.088)/ 2 )
=-1  *  -25.951/265.67
=9.77 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=235.252 + 0
=235.252

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=296.088 + 0
=296.088

Kimbell Royalty Partners LP's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -29.86/( (312.378+296.088)/ 2 )
=-1  *  -29.86/304.233
=9.81 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=312.378 + 0
=312.378

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=296.088 + 0
=296.088

* 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.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Kimbell Royalty Partners LP  (NYSE:KRP) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


Kimbell Royalty Partners LP Effective Interest Rate on Debt % Related Terms

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

Industry
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