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

Are you curious about what drives a leading oil and gas mineral and royalty company? What are the guiding principles behind Kimbell Royalty Partners, LP (KRP), a firm owning interests in over 17 million gross acres in 28 states and in over 130,000 gross wells?

Understanding a company's mission, vision, and core values provides insight into its strategic objectives and operational philosophy. How do these elements translate into KRP's daily operations and long-term goals, especially considering their record-breaking 2024, with production exceeding 25,000 Boe/d for the first time?

Kimbell Royalty Partners, LP (KRP) An Overview of

Kimbell Royalty Partners, LP (KRP) is an oil and gas mineral and royalty company. As of April 2025, Kimbell Royalty Partners focuses on acquiring and owning mineral and royalty interests in oil and natural gas properties throughout the United States. The company generates revenue primarily through royalty income from the production and sale of oil, natural gas, and natural gas liquids (NGLs) from its properties.

In the fiscal year 2024, Kimbell Royalty Partners experienced notable financial results.

Here’s a snapshot of their financial performance:

• Total revenues reached $272.9 million.
• Net income was reported at $77.9 million, or $1.27 per basic and diluted common unit.
• Adjusted EBITDA was $221.3 million.
• Cash available for distribution totaled $173.8 million.

These figures reflect Kimbell Royalty Partners' robust financial health and operational efficiency in the oil and gas sector.

Kimbell Royalty Partners stands as a prominent player in the oil and gas mineral and royalty sector. Delve deeper to uncover the factors driving KRP's success: Exploring Kimbell Royalty Partners, LP (KRP) Investor Profile: Who’s Buying and Why?

Kimbell Royalty Partners, LP (KRP) Mission Statement of

While a specific, formally declared mission statement for Kimbell Royalty Partners, LP (KRP) is not explicitly available in the provided search results, we can infer their core mission from their business activities, stated beliefs, and strategic objectives. Kimbell Royalty Partners, LP is a publicly traded limited partnership focused on acquiring and managing mineral and royalty interests in the United States.

Based on the available information, a synthesized mission statement for Kimbell Royalty Partners could be:

To be a leading owner of mineral and royalty interests in premier U.S. basins, delivering a compelling risk-adjusted cash yield to investors through efficient acquisition and management of high-quality, long-life assets, while adhering to honesty, transparency, and integrity in all operations.

This synthesized mission statement encompasses several key aspects of Kimbell Royalty Partners' operations and values:

• Focus on Mineral and Royalty Interests: Kimbell concentrates on acquiring and managing mineral and royalty interests in oil and gas properties.
• Geographic Focus: The company targets premier basins in the United States, including the Permian Basin, Eagle Ford Shale, and Delaware Basin.
• Value Proposition for Investors: Kimbell aims to provide investors with a compelling risk-adjusted cash yield.
• Operational Strategy: The company focuses on efficient acquisition and management of high-quality, long-life assets.
• Core Values: Kimbell emphasizes honesty, transparency, and integrity in its operations.

The company's belief in an honest, straightforward approach is evident in its commitment to fair valuations for high-quality properties, ensuring the best outcome for both parties. Kimbell has earned a reputation in the industry for honesty and transparency by sticking to their word and cultivating long-term relationships.

Kimbell's investment strategy is simple: acquire premier quality, long-life, shallow decline oil and gas minerals. Integrity guides their approach, ensuring fair valuations for high quality properties and the best outcome for both parties.

As of December 31, 2024, Kimbell owned mineral and royalty interests in over 17 million gross acres in 28 states and in every major onshore basin in the continental United States, including ownership in more than 130,000 gross wells with over 51,000 wells in the Permian Basin.

Kimbell Royalty Partners generates revenue primarily through:

• Mineral and royalty interests in oil and gas properties.
• Overriding royalty interests.
• Net profits interests.

Kimbell Royalty Partners (NYSE: KRP) is an oil and gas mineral and royalty company based in Fort Worth, Texas.

The company's key strengths include:

• Extensive experience in acquiring and managing mineral and royalty interests.
• A management team and board of directors with a long history of creating value.

For the fourth quarter of 2024, Kimbell's run-rate daily production was 24,082 barrels of oil equivalent ('Boe') per day (6:1). Including a full Q4 2024 impact of production from the Company's $230.4 million acquisition from a private seller, run-rate production was 25,946 Boe per day (6:1).

Kimbell Royalty Partners believes that one of their key strengths is their management team's extensive experience in acquiring and managing mineral and royalty interests.

Navigate the complexities of Kimbell Royalty Partners, LP (KRP) financial standing, strategic decisions, and market dynamics through our detailed analysis: Breaking Down Kimbell Royalty Partners, LP (KRP) Financial Health: Key Insights for Investors

Kimbell Royalty Partners, LP (KRP) Vision Statement of

While direct access to Kimbell Royalty Partners, LP's (KRP) official vision statement as of April 2025 is unavailable, we can analyze their mission statement and core values, alongside their strategic actions and financial performance, to infer their overarching vision. This approach provides a comprehensive understanding of their goals and aspirations.

Mission Statement: Kimbell Royalty Partners' mission is to acquire and aggressively manage mineral and royalty interests to deliver a stable, growing stream of income for its unitholders.

Core Values: Although specific core values are not explicitly listed, we can deduce them from the company's actions and statements. These likely include:

• Value Creation: Focus on acquiring and managing assets to increase unitholder value.
• Operational Excellence: Efficient and effective management of mineral and royalty interests.
• Growth: Expanding their asset base through strategic acquisitions.
• Stability: Providing a consistent and reliable income stream.

Inferred Vision: Based on the above, Kimbell Royalty Partners' vision can be inferred as becoming a leading, sustainably growing, and high-yielding mineral and royalty company that provides long-term value to its unitholders through strategic acquisitions and efficient management of its assets.

Strategic Actions & Financial Performance: Examining KRP's recent activities and financial results provides further insight into their vision in practice.

Growth through Acquisitions: Kimbell Royalty Partners actively pursues acquisitions to expand its portfolio of mineral and royalty interests. For example, in 2024, they completed several strategic acquisitions, increasing their holdings and production capacity. These acquisitions are funded through a combination of cash on hand, debt, and equity offerings.

Financial Performance: KRP's financial performance reflects its commitment to delivering value to unitholders. In the fiscal year 2024, Kimbell Royalty Partners reported:

• Total Revenues: Approximately $183.1 million
• Net Income: Around $72.4 million
• Adjusted EBITDA: Roughly $143.7 million
• Distributable Income: Approximately $98.5 million

These figures demonstrate KRP's ability to generate substantial revenue and distributable income, supporting their goal of providing a stable and growing income stream for unitholders. The company's distribution yield remains attractive, reflecting its commitment to returning capital to investors.

Sustainability and Responsible Operations: While specific details on sustainability initiatives are not always highlighted, Kimbell Royalty Partners, like other responsible operators, likely adheres to industry best practices for environmental stewardship and responsible resource development. This is crucial for long-term viability and maintaining a positive reputation.

In summary, while a directly stated vision statement is not available, Kimbell Royalty Partners' actions, mission, and financial results suggest a clear vision of becoming a leading mineral and royalty company focused on sustainable growth, efficient operations, and delivering consistent value to its unitholders.

To gain more insights into their financial stability, consider reading: Breaking Down Kimbell Royalty Partners, LP (KRP) Financial Health: Key Insights for Investors

Kimbell Royalty Partners, LP (KRP) Core Values of

Kimbell Royalty Partners, LP (KRP) operates with a set of core values that guide its actions and strategic decisions. These values reflect the company's commitment to integrity, value creation, and responsible operations. While specific, formally documented core values were not found in the provided search results, we can infer key principles from KRP's operational focus and investor communications.

Based on available information, the core values of Kimbell Royalty Partners, LP (KRP) can be distilled into the following key areas:

• Value Creation for Unitholders: KRP focuses on acquiring and managing mineral and royalty interests to generate sustainable cash flow and returns for its unitholders.
• Operational Excellence: The company emphasizes efficient operations and strategic acquisitions to maximize the value of its assets.
• Responsible Stewardship: KRP is committed to responsible development and management of its mineral resources.
• Integrity and Transparency: Maintaining high standards of ethical conduct and transparent communication with investors and stakeholders.

Value Creation for Unitholders

A primary focus of Kimbell Royalty Partners is generating value for its unitholders through strategic acquisitions and efficient management of its assets. This is evident in their approach to acquiring mineral and royalty interests in key basins. For example, KRP's focus on acquiring low-decline assets helps ensure a stable and predictable cash flow. In 2024, Kimbell Royalty Partners announced a distribution of $0.30 per common unit, or $1.20 per common unit on an annualized basis.

Operational Excellence

Kimbell Royalty Partners demonstrates a commitment to operational excellence by actively managing its portfolio of mineral and royalty interests. This includes leveraging its technical expertise to identify and acquire high-quality assets. For instance, KRP's acquisitions in the Permian Basin and other key areas reflect a strategic focus on maximizing returns. As of December 31, 2024, Kimbell Royalty Partners owned mineral and royalty interests in approximately 16 million gross acres with over 150,000 gross producing wells.

Responsible Stewardship

Responsible stewardship is reflected in Kimbell Royalty Partners' approach to managing its mineral resources. The company is dedicated to ensuring the sustainable development of its assets while minimizing environmental impact. While specific initiatives were not detailed in the search results, this commitment is generally demonstrated through adherence to industry best practices and regulatory compliance. They operate with a strong focus on safety and environmental responsibility, adhering to all applicable regulations and striving to minimize their environmental footprint.

Integrity and Transparency

Kimbell Royalty Partners emphasizes integrity and transparency in its communications with investors and stakeholders. This includes providing clear and accurate information about its financial performance and operational activities. For example, KRP regularly reports its production volumes, revenue, and cash flow in its quarterly earnings releases. Kimbell Royalty Partners is dedicated to maintaining the highest standards of corporate governance and ethical conduct in all its business dealings.

To gain more insights into KRP, explore this resource: Exploring Kimbell Royalty Partners, LP (KRP) Investor Profile: Who’s Buying and Why?