KRP
Price:
$12.9
Market Cap:
$1.39B
Kimbell Royalty Partners, LP, together with its subsidiaries, acquires and owns mineral and royalty interests in oil and natural gas properties in the United States. As of December 31, 2021, it owned mineral and royalty interests in approximately 11.4 million gross acres and overriding royalty interests in approximately 4.7 million gross acres. The company's mineral and royalty interests are located in 28 states and include ownership in approximately 122,000 gross wells, including approximately 46,000 wells in the Permian Basin. It serves as the general partner of the company. The company was founded in 2013 and is based in Fort Worth, Texas.
Industry
Oil & Gas Exploration & Production
IPO Date
2017-02-03
Stock Exchange
NYSE
Ticker
KRP
According to Kimbell Royalty Partners, LP’s latest financial reports and current stock price. The company's current Current Ratio is 5.39. This represents a change of -8.47% compared to the average of 5.89 of the last 4 quarters.
The mean historical Current Ratio of Kimbell Royalty Partners, LP over the last ten years is 4.75. The current 5.39 Current Ratio has changed 11.25% with respect to the historical average. Over the past ten years (40 quarters), KRP's Current Ratio was at its highest in in the December 2018 quarter at 9.90. The Current Ratio was at its lowest in in the June 2016 quarter at 0.
Average
4.75
Median
4.82
Minimum
1.07
Maximum
9.90
Discovering the peaks and valleys of Kimbell Royalty Partners, LP Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.
Maximum Annual Increase = 397.72%
Maximum Annual Current Ratio = 9.90
Minimum Annual Increase = -50.38%
Minimum Annual Current Ratio = 1.07
| Year | Current Ratio | Change |
|---|---|---|
| 2024 | 6.69 | -15.83% |
| 2023 | 7.95 | 98.37% |
| 2022 | 4.01 | 149.84% |
| 2021 | 1.60 | -50.38% |
| 2020 | 3.23 | -48.51% |
| 2019 | 6.28 | -36.60% |
| 2018 | 9.90 | 75.75% |
| 2017 | 5.63 | 397.72% |
| 2016 | 1.13 | 5.92% |
| 2015 | 1.07 | 41.02% |
The current Current Ratio of Kimbell Royalty Partners, LP (KRP) is less than than its 3-year, greater than its 5-year, and greater than its 10-year historical averages
3-year avg
6.21
5-year avg
4.70
10-year avg
4.75
Kimbell Royalty Partners, LP’s Current Ratio is less than Dorchester Minerals, L.P. (11.61), greater than NextDecade Corporation (0.64), greater than FLEX LNG Ltd. (2.84), greater than Flowco Holdings Inc. (2.90), greater than Innovex International, Inc. (4.78), greater than World Kinect Corporation (1.15), greater than Vermilion Energy Inc. (1.94), greater than Natural Resource Partners L.P. (2.14), greater than Global Partners LP (1.18), greater than Terrestrial Energy Inc. (1.10),
| Company | Current Ratio | Market cap |
|---|---|---|
| 11.61 | $1.10B | |
| 0.64 | $1.68B | |
| 2.84 | $1.39B | |
| 2.90 | $5.85B | |
| 4.78 | $1.63B | |
| 1.15 | $1.35B | |
| 1.94 | $1.43B | |
| 2.14 | $1.38B | |
| 1.18 | $1.54B | |
| 1.10 | $798.91M |
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