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| Date | Value |
|---|---|
| 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 |