Kimbell Royalty Partners (KRP) Operating Expenses (2016 - 2026)

Kimbell Royalty Partners' (KRP) quarterly Operating Expenses came in at $49.7 million in Q1 2026, down 1.75% year-on-year from $50.6 million in Q1 2025, and little changed quarter-over-quarter from $49.8 million in Q4 2025.

Kimbell Royalty Partners (KRP) Operating Expenses (2016 - 2026) Analysis & Trends

Kimbell Royalty Partners' Operating Expenses history runs 11 years deep, the most recent figure standing at $49.7 million for Q1 2026.

  • On a quarterly basis, Operating Expenses fell 1.75% year-over-year to $49.7 million in Q1 2026; TTM through Mar 2026 was $200.1 million, a 22.52% decrease from a year earlier, with the FY2025 full-year figure at $201.0 million, down 26.19% from the prior year.
  • Operating Expenses steadied at $49.7 million in Q1 2026 per KRP's latest filing, from $49.8 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $105.4 million in Q4 2024 and bottomed at $25.6 million in Q1 2022.
  • The 5-year median for Operating Expenses is $49.6 million (2024), against an average of $48.1 million.
  • Across the five-year window, Operating Expenses surged 143.51% in 2023 and plunged 52.71% in 2025, its largest moves.
  • Year by year, Operating Expenses stood at $29.8 million in 2022, then jumped by 143.51% to $72.6 million in 2023, then soared by 45.2% to $105.4 million in 2024, then plunged by 52.71% to $49.8 million in 2025, then slipped by 0.18% to $49.7 million in 2026.
  • Per Business Quant, the three latest KRP Operating Expenses figures stand at $49.7 million (Q1 2026), $49.8 million (Q4 2025), and $51.8 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Conocophillips 141.43 Bn 135.06 Bn 9.48 Bn 2.28 Bn
2 Eog Resources 74.61 Bn 70.76 Bn - 4.32 Bn
3 Diamondback Energy 55.39 Bn 55.39 Bn 4.22 Bn 4.12 Bn
4 Woodside Energy 41.28 Bn 35.34 Bn 2.71 Bn -
5 Occidental Petroleum 32.80 Bn 28.99 Bn 4.87 Bn 4.86 Bn
6 Eqt 32.48 Bn 32.37 Bn 1.42 Bn 60.22 Mn
7 Texas Pacific Land 27.36 Bn 27.11 Bn - 54.49 Mn
8 Devon Energy 26.53 Bn 24.72 Bn 3.61 Bn 3.64 Bn
9 Expand Energy 21.67 Bn 19.37 Bn 4.21 Bn 2.87 Bn
10 Kimbell Royalty Partners 1.75 Bn 1.71 Bn - 49.75 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 49.75 Mn
Dec 31, 2025 49.84 Mn
Sep 30, 2025 51.77 Mn
Jun 30, 2025 48.76 Mn
Mar 31, 2025 50.63 Mn
Dec 31, 2024 105.38 Mn
Sep 30, 2024 49.58 Mn
Jun 30, 2024 52.68 Mn
Mar 31, 2024 64.67 Mn
Dec 31, 2023 72.58 Mn
Sep 30, 2023 41.91 Mn
Jun 30, 2023 36.11 Mn
Mar 31, 2023 33.59 Mn
Dec 31, 2022 29.80 Mn
Sep 30, 2022 26.92 Mn
Jun 30, 2022 28.80 Mn
Mar 31, 2022 25.62 Mn
Dec 31, 2021 24.04 Mn
Sep 30, 2021 21.70 Mn
Jun 30, 2021 20.14 Mn