Kimbell Royalty Partners, LP

KRPdata completeness 50%8 fiscal years on file

Data notes: no data for concept 'stockholdersEquity'; no data for concept 'epsDiluted'

i. The business — what you’d actually own

Figure	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Revenue	$175.1M¹	$282M¹	$267.6M¹	$309.3M²	$333.8M²
Net income	$42.4M³	$130.8M⁴	$83M⁵	$11.1M⁵	$99.7M⁵
Operating cash flow	$91.4M⁶	$166.6M⁷	$174.3M⁸	$250.9M⁸	$246.5M⁸
Capital expenditure	—	—	—	—	—
Free cash flow (derived)	—	—	—	—	—
Total debt	—	—	—	—	—
Cash & equivalents	$7.05M⁹	$24.6M¹⁰	$31M¹¹	$34.2M¹²	$44M¹²
Diluted shares	—	—	—	—	—

Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).

iii. Is this a good business?

Moat signal · return on equity

— avg · 5y

Not enough data in the filings for a return-on-capital reading.

Management signal · capital allocation

— shares · 5y

Not enough history to read capital allocation.

Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.

iv. What it’s worth — engine v0.1.0

DCF · Growth Exit 10Y

not applicable

only 0 years of FCF (need ≥3) — model not applicable

DCF · Growth Exit 5Y

not applicable

only 0 years of FCF (need ≥3) — model not applicable

Earnings Power Value

not applicable

no diluted share count

Graham Number

not applicable

diluted EPS missing or non-positive — Graham Number undefined

Different models answer different questions — which to trust when →

Sources — the receipts