Kimbell Royalty Partners LP (Kimbell Royalty Partners LP) Interest Expense : $-27.8 Mil (TTM As of Mar. 2024)

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What is Kimbell Royalty Partners LP Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Kimbell Royalty Partners LP's interest expense for the three months ended in Mar. 2024 was $ -7.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-27.8 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Kimbell Royalty Partners LP's Operating Income for the three months ended in Mar. 2024 was $ 29.2 Mil. Kimbell Royalty Partners LP's Interest Expense for the three months ended in Mar. 2024 was $ -7.3 Mil. Kimbell Royalty Partners LP's Interest Coverage for the quarter that ended in Mar. 2024 was 4.00. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Kimbell Royalty Partners LP Interest Expense Historical Data

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

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Kimbell Royalty Partners LP Interest Expense Chart

Kimbell Royalty Partners LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-5.81

-6.43

-9.18

-13.82

-25.95

Kimbell Royalty Partners LP Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-5.46	-6.34	-6.68	-7.47	-7.30

Kimbell Royalty Partners LP Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-27.8 Mil.

Kimbell Royalty Partners LP (NYSE:KRP) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Kimbell Royalty Partners LP's Interest Expense for the three months ended in Mar. 2024 was $-7.3 Mil. Its Operating Income for the three months ended in Mar. 2024 was $29.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $287.2 Mil.

Kimbell Royalty Partners LP's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	29.229	/	-7.301
	=	4.00

The higher the ratio, the stronger the company's financial strength is.

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 » Interest Expense

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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