Kimbell Royalty Partners (KRP) Operating Expenses (2016 - 2026)
Kimbell Royalty Partners (KRP) recorded quarterly Operating Expenses of $49.7 million in Q1 2026, little changed quarter-over-quarter from $49.8 million in Q4 2025, and down 1.75% on a YoY basis from $50.6 million in Q1 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.
- In Q1 2026, Operating Expenses fell 1.75% year-over-year to $49.7 million; the TTM figure through Mar 2026 stood at $200.1 million (down 22.52% YoY), while the FY2025 annual figure was $201.0 million, down 26.19% from the prior year.
- Operating Expenses was $49.7 million for Q1 2026 at Kimbell Royalty Partners, roughly flat from $49.8 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $105.4 million in Q4 2024 to a low of $25.6 million in Q1 2022.
- Historically, Operating Expenses has averaged $48.1 million across 5 years, with a median of $49.6 million in 2024.
- The sharpest annual moves came in 2023 and 2025: Operating Expenses soared 143.51% in 2023, then plunged 52.71% in 2025.
- A 5-year view of Operating Expenses shows it 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 slumped by 52.71% to $49.8 million in 2025, then slipped by 0.18% to $49.7 million in 2026.
- The last three Operating Expenses figures came in at $49.7 million (Q1 2026), $49.8 million (Q4 2025), and $51.8 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Woodside Energy | 630.08 Bn | 624.14 Bn | - | - |
| 2 | Canadian Natural Resources | 388.31 Bn | 388.31 Bn | 6.72 Bn | 1.04 Bn |
| 3 | Conocophillips | 142.98 Bn | 136.61 Bn | 9.48 Bn | 2.28 Bn |
| 4 | Eog Resources | 72.93 Bn | 69.08 Bn | - | 4.32 Bn |
| 5 | Occidental Petroleum | 55.91 Bn | 52.73 Bn | 4.87 Bn | 1.12 Bn |
| 6 | Diamondback Energy | 54.95 Bn | 61.11 Bn | 4.22 Bn | 4.12 Bn |
| 7 | Vista Energy, S.A.B. de C.V | 35.18 Bn | 34.56 Bn | 472.36 Mn | -52.32 Mn |
| 8 | Eqt | 32.94 Bn | 36.28 Bn | 2.98 Bn | 54.87 Mn |
| 9 | Vermilion Energy | 31.24 Bn | 31.05 Bn | 370.10 Mn | 103.33 Mn |
| 10 | Kimbell Royalty Partners | 1.43 Bn | 1.39 Bn | 60.38 Mn | 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 |