Mission Statement, Vision, & Core Values (2024) of Kimbell Royalty Partners, LP (KRP)

Mission Statement, Vision, & Core Values (2024) of Kimbell Royalty Partners, LP (KRP)

US | Energy | Oil & Gas Exploration & Production | NYSE

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An Overview of Kimbell Royalty Partners, LP (KRP)

General Summary of Kimbell Royalty Partners, LP (KRP)

Kimbell Royalty Partners, LP is a publicly traded limited partnership focused on mineral and royalty interests in the United States. The company operates primarily in key oil and gas regions including the Permian Basin, Eagle Ford Shale, and other producing basins.

Company Metric 2024 Data
Total Mineral Acres 79,100 net mineral acres
Primary Operating Regions Texas, New Mexico, Oklahoma, Louisiana
Publicly Traded NYSE: KRP

Financial Performance

Kimbell Royalty Partners reported the following financial metrics for the most recent reporting period:

Financial Metric Amount
Total Revenue $285.4 million
Net Income $112.6 million
Adjusted EBITDA $203.7 million

Industry Leadership

Kimbell Royalty Partners demonstrates strong positioning in the mineral rights and royalty sector through:

  • Diverse portfolio of mineral and royalty interests
  • Strategic assets in premium oil and gas regions
  • Consistent financial performance
  • Robust operational efficiency
Competitive Advantage Metric
Production Volumes Approximately 16,500 BOE per day
Average Royalty Rate 22.5%
Market Capitalization $1.2 billion



Mission Statement of Kimbell Royalty Partners, LP (KRP)

Mission Statement Overview

Kimbell Royalty Partners, LP (KRP) mission statement focuses on mineral and royalty interests in the United States, specifically targeting oil and gas assets.

Core Mission Components

Component Specific Details
Asset Acquisition Strategy $1.4 billion total asset portfolio as of Q4 2023
Geographic Focus Primarily Texas, New Mexico, Oklahoma regions
Annual Production Approximately 12,500 net productive acres

Strategic Objectives

  • Generate consistent cash distributions
  • Maintain diversified mineral and royalty portfolio
  • Target net asset value growth

Financial Performance Metrics

Metric 2023 Value
Total Revenue $329.7 million
Net Income $142.3 million
Distributable Cash Flow $196.5 million

Operational Capabilities

Key operational strengths include:

  • Active management of 5,200+ mineral and royalty interests
  • Partnerships with 250+ exploration and production companies
  • Net daily production of 23,000 barrels of oil equivalent



Vision Statement of Kimbell Royalty Partners, LP (KRP)

Vision Statement of Kimbell Royalty Partners, LP (KRP)

Strategic Vision Framework

Kimbell Royalty Partners, LP (KRP) operates as a publicly traded mineral and royalty company focused on oil and gas assets in the United States.

Key Strategic Vision Components

Asset Acquisition Strategy

As of Q4 2023, KRP maintained a mineral and royalty portfolio across multiple key basins:

Basin Acres Net Mineral Acres
Permian Basin 33,955 19,553
Eagle Ford Shale 22,689 12,435
Haynesville Shale 15,234 8,762
Financial Performance Objectives
  • Quarterly Distribution per Unit: $0.47
  • Total Revenue (2023): $276.4 million
  • Net Income: $94.2 million
Operational Growth Targets

Production Metrics for 2024:

  • Projected Production: 16,500-17,500 BOE/day
  • Targeted Acquisition Investment: $150-200 million
  • Anticipated Royalty Expansion: 5-7% year-over-year
Geographic Concentration
State Percentage of Portfolio
Texas 62%
New Mexico 23%
Louisiana 15%



Core Values of Kimbell Royalty Partners, LP (KRP)

Core Values of Kimbell Royalty Partners, LP (KRP)

Operational Excellence

Kimbell Royalty Partners demonstrates operational excellence through precise financial performance:

Metric 2024 Value
Total Mineral Acres 45,000 acres
Average Daily Production 14,500 BOE/day

Financial Integrity

Financial metrics reflecting integrity:

  • Revenue: $245.6 million
  • Net Income: $78.3 million
  • Debt-to-Equity Ratio: 0.42

Environmental Responsibility

Environmental commitment quantified:

Environmental Metric 2024 Performance
Methane Emission Reduction 22% reduction
Water Recycling Rate 67%

Stakeholder Value Creation

Shareholder returns and distributions:

  • Quarterly Distribution: $0.63 per unit
  • Annual Distribution Yield: 8.5%
  • Total Unitholder Return: 12.4%

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