Kimbell Royalty Partners LP (FRA:0R3) Scaled Net Operating Assets : 0.93 (As of Mar. 2024)

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What is Kimbell Royalty Partners LP Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Kimbell Royalty Partners LP's operating assets for the quarter that ended in Mar. 2024 was €1,151.3 Mil. Kimbell Royalty Partners LP's operating liabilities for the quarter that ended in Mar. 2024 was €12.7 Mil. Kimbell Royalty Partners LP's Total Assets for the quarter that ended in Dec. 2023 was €1,226.8 Mil. Therefore, Kimbell Royalty Partners LP's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.93.

Kimbell Royalty Partners LP Scaled Net Operating Assets Historical Data

The historical data trend for Kimbell Royalty Partners LP's Scaled Net Operating 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.

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Kimbell Royalty Partners LP Scaled Net Operating Assets Chart

Kimbell Royalty Partners LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Scaled Net Operating Assets

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0.99

0.66

1.07

1.82

1.17

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
Scaled Net Operating Assets	Get a 7-Day Free Trial															0.93	0.85	1.45	0.91	0.93

Competitive Comparison of Kimbell Royalty Partners LP's Scaled Net Operating Assets

For the Oil & Gas E&P subindustry, Kimbell Royalty Partners LP's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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's Scaled Net Operating Assets Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Kimbell Royalty Partners LP's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Kimbell Royalty Partners LP's Scaled Net Operating Assets falls into.

Kimbell Royalty Partners LP Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Kimbell Royalty Partners LP's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2023 )
=	(Operating Assets (A: Dec. 2023 )	-	Operating Liabilities (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2022 )
=	(1198.332	-	12.135)	/	1016.448
=	1.17

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	1226.753	-	28.421
=	1198.332

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	283.648	-	271.513	-	0
=	12.135

Kimbell Royalty Partners LP's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Mar. 2024 )
=	(Operating Assets (Q: Mar. 2024 )	-	Operating Liabilities (Q: Mar. 2024 ))	/	Total Assets (Q: Dec. 2023 )
=	(1151.279	-	12.681)	/	1226.753
=	0.93

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	1187.785	-	36.506
=	1151.279

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	276.865	-	264.184	-	0
=	12.681

Kimbell Royalty Partners LP Scaled Net Operating Assets Related Terms

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Kimbell Royalty Partners LP (FRA:0R3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Kimbell Royalty Partners LP (FRA:0R3) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

KRP:USA 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.

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