Kimbell Royalty Partners LP (Kimbell Royalty Partners LP) Total Assets : $1,337.8 Mil (As of Dec. 2023)

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What is Kimbell Royalty Partners LP Total Assets?

Kimbell Royalty Partners LP's Total Assets for the quarter that ended in Dec. 2023 was $1,337.8 Mil.

During the past 12 months, Kimbell Royalty Partners LP's average Total Assets Growth Rate was 24.20% per year. During the past 3 years, the average Total Assets Growth Rate was 33.10% per year. During the past 5 years, the average Total Assets Growth Rate was 12.10% per year.

During the past 10 years, Kimbell Royalty Partners LP's highest 3-Year average Total Assets Growth Rate was 232.20%. The lowest was -6.90%. And the median was 33.10%.

Total Assets is connected with ROA %. Kimbell Royalty Partners LP's annualized ROA % for the quarter that ended in Dec. 2023 was 4.41%. Total Assets is also linked to Revenue through Asset Turnover. Kimbell Royalty Partners LP's Asset Turnover for the quarter that ended in Dec. 2023 was 0.06.

Kimbell Royalty Partners LP Total Assets Historical Data

The historical data trend for Kimbell Royalty Partners LP's Total Assets 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 Total Assets Chart

Kimbell Royalty Partners LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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748.59

564.63

601.49

1,076.75

1,337.79

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
Total Assets	Get a 7-Day Free Trial															1,076.75	1,045.64	934.19	1,389.79	1,337.79

Kimbell Royalty Partners LP Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Kimbell Royalty Partners LP's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	1028.467	+	309.322
	=	1,337.8

Kimbell Royalty Partners LP's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	1028.467	+	309.322
	=	1,337.8

Kimbell Royalty Partners LP (NYSE:KRP) Total Assets Explanation

Total Assets is connected with ROA %.

Kimbell Royalty Partners LP's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	60.168	/	( (1389.785	+	1337.789)	/ 2 )
	=	60.168	/	1363.787
	=	4.41 %

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

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Kimbell Royalty Partners LP's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	84.522	/	( (1389.785	+	1337.789)	/ 2 )
=	84.522	/	1363.787
=	0.06

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Kimbell Royalty Partners LP Total Assets Related Terms

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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 » Total Assets

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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