Kimbell Royalty Partners, LP cash flow statement

In fiscal 2025, Kimbell Royalty Partners, LP's operations generated $246m of cash; it spent $223m on capital projects, leaving free cash flow of $23.7m.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Kimbell Royalty Partners, LP: cash flow statement, annual
Fiscal year	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Cash from operations	33	81	62	91	167	174	251	246	238
Depreciation and amortisation	25	52	48	37	50	96	135	125	122
Stock-based pay	3	8	9	11	11	13	16	16	17
Capital spending	0	12	88	55	141	491	0	223	0
Free cash flow	33	69	−25	36	25	−316	251	24	238
Free cash flow after stock pay	30	62	−35	26	14	−330	235	7	221

US$ millions unless shown otherwise. Fiscal quarters.

Kimbell Royalty Partners, LP: cash flow statement, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Cash from operations	62	57	54	72	63	57	49	68
Depreciation and amortisation	32	32	31	30	31	32	29	30
Stock-based pay	4	4	4	4	4	4	4	4
Capital spending	0	0	223	0	0	0	—	0
Free cash flow	62	57	−168	72	63	57	—	68
Free cash flow after stock pay	59	53	−172	68	59	53	—	64

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Kimbell Royalty Partners, LP's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Kimbell Royalty Partners, LP.