Similar companies
Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 84M | 9.4% |
| Gross Profit | 74M | 12.1% |
| Cost of Revenue | 9.5M | 7.6% |
| Operating expense | 9.5M | 7.6% |
| Net Income | 23M | 65.9% |
| EBITDA | 34M | 40% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 1.21B | 2.3% |
| Total Liabilities | 272M | 4.5% |
| Total Equity | 943M | 1.6% |
| Shares Outstanding | 116M | 0.2% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 62M | 0.7% |
| Cash from investing | -45,000 | 12.6% |
| Cash from financing | -59M | 18.1% |
EPS
Financial Highlights for Kimbell Royalty Partners in Q3 '24
Kimbell Royalty Partners reported a revenue of 84M, which is a 9.4% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 74M, marking a 12.1% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 9.5M, a -7.6% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 9.5M, showing a -7.6% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 23M, showing a 65.9% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 34M, showing a -40% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Kimbell Royalty Partners with growth in revenue, gross profit, and net income. A decline in EBITDA signals potential operational challenges or increased costs.
