|
Net income
|
|
$1.7m
|
($52.3m)
|
($158.2m)
|
($256.1m)
|
$42.4m
|
$130.8m
|
$83.0m
|
$11.1m
|
$99.7m
|
|
Depreciation and depletion expense
|
|
$15.5m
|
$25.2m
|
$52.1m
|
$48.0m
|
$36.8m
|
$50.1m
|
$96.5m
|
$135.1m
|
$124.6m
|
|
Amortization of right-of-use assets
|
|
—
|
—
|
$155k
|
$276k
|
$298k
|
$320k
|
$336k
|
$349k
|
$348k
|
|
Amortization of loan origination costs
|
|
$57k
|
$466k
|
$1.1m
|
$1.1m
|
$1.6m
|
$1.9m
|
$1.9m
|
$2.1m
|
$2.4m
|
|
Impairment of oil and natural gas properties
|
|
$0
|
$67.3m
|
$169.2m
|
$251.6m
|
$0
|
$0
|
$18.2m
|
$62.1m
|
$0
|
|
Loss on extinguishment of debt
|
|
—
|
—
|
—
|
$476k
|
—
|
—
|
$480k
|
—
|
—
|
|
Operating lease liabilities
|
|
—
|
—
|
($430k)
|
($276k)
|
($307k)
|
($325k)
|
($349k)
|
($382k)
|
($303k)
|
|
Right-of-use assets obtained in exchange for operating lease liabilities
|
|
—
|
—
|
$3.6m
|
—
|
$20k
|
—
|
—
|
$1.9m
|
$1.2m
|
|
Unit-based compensation
|
|
$798k
|
$3.2m
|
$7.5m
|
$9.3m
|
$10.6m
|
$11.1m
|
$13.1m
|
$16.4m
|
$16.3m
|
|
Forfeiture of restricted units
|
|
—
|
—
|
—
|
($128k)
|
—
|
($20k)
|
—
|
—
|
($57k)
|
|
(Gain) loss on derivative instruments, net of settlements
|
|
$319k
|
($4.5m)
|
$3.4m
|
$7.1m
|
$20.3m
|
($14.3m)
|
($26.4m)
|
$12.2m
|
($7.2m)
|
|
Oil, natural gas and NGL receivables
|
|
($1.7m)
|
($7.0m)
|
$4.4m
|
$1.6m
|
($17.6m)
|
($11.8m)
|
($12.0m)
|
$13.1m
|
$9.3m
|
|
Accounts receivable and other current assets
|
|
($237k)
|
$186k
|
($26k)
|
($897k)
|
($2.1m)
|
($511k)
|
$1.9m
|
($1.1m)
|
$1.4m
|
|
Accounts payable
|
|
$316k
|
$986k
|
($125k)
|
($319k)
|
($78k)
|
$399k
|
$509k
|
($89k)
|
($917k)
|
|
Other current liabilities
|
|
$1.7m
|
($260k)
|
$1.8m
|
$534k
|
($464k)
|
$1.6m
|
$1.3m
|
($21k)
|
$1.0m
|
|
Interest earned on marketable securities in trust account
|
|
—
|
—
|
—
|
—
|
—
|
($3.7m)
|
($3.5m)
|
—
|
—
|
|
Other assets and liabilities
|
|
—
|
—
|
—
|
—
|
—
|
$89k
|
($687k)
|
—
|
—
|
|
Purchases of property and equipment
|
|
($62k)
|
($404k)
|
($1.0m)
|
($996k)
|
($773k)
|
($163k)
|
($141k)
|
($188k)
|
($734k)
|
|
Proceeds from sale of property and equipment
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
$12k
|
|
Purchase of oil and natural gas properties
|
|
($125.8m)
|
($211.1m)
|
($11.7m)
|
($87.6m)
|
($55.3m)
|
($141.3m)
|
($490.7m)
|
($22k)
|
($222.8m)
|
|
Proceeds from trust of variable interest entity
|
|
—
|
—
|
—
|
—
|
—
|
—
|
$931k
|
—
|
—
|
|
Cash paid for transaction costs
|
|
—
|
—
|
—
|
—
|
—
|
—
|
$32k
|
—
|
—
|
|
Cash received from investments held in trust
|
|
—
|
—
|
—
|
—
|
—
|
—
|
$243.2m
|
—
|
—
|
|
Proceeds from the issuance of Series A preferred units, net of issuance costs
|
|
—
|
$103.4m
|
—
|
—
|
—
|
—
|
$313.9m
|
—
|
—
|
|
Proceeds from equity offering, net of issuance costs
|
|
—
|
$61.4m
|
—
|
$73.6m
|
$57.5m
|
$116.1m
|
$110.7m
|
—
|
$163.6m
|
|
Contributions from Class B unitholders
|
|
—
|
$973k
|
$470k
|
—
|
—
|
$364k
|
$268k
|
—
|
—
|
|
Redemption of Class B contributions on converted units
|
|
—
|
—
|
($273k)
|
($364k)
|
($158k)
|
($470k)
|
($316)
|
($316k)
|
($2k)
|
|
Redemption of Series A preferred units
|
|
—
|
—
|
—
|
($61.1m)
|
($67.1m)
|
—
|
—
|
—
|
($179.9m)
|
|
Distribution to common unitholders
|
|
($13.8m)
|
($38.3m)
|
($35.4m)
|
($29.5m)
|
($47.3m)
|
($107.4m)
|
($120.4m)
|
($135.9m)
|
($149.4m)
|
|
Distribution to OpCo unitholders
|
|
—
|
—
|
($35.7m)
|
($20.5m)
|
($21.5m)
|
($19.3m)
|
($31.6m)
|
($31.7m)
|
($23.2m)
|
|
Distribution to Series A preferred unitholders
|
|
—
|
($2.6m)
|
($7.7m)
|
($4.8m)
|
($2.8m)
|
—
|
($962k)
|
($19.5m)
|
($14.6m)
|
|
Distribution to Class B unitholders
|
|
—
|
($13k)
|
($94k)
|
($92k)
|
($77k)
|
($42k)
|
($89k)
|
($71k)
|
($58k)
|
|
Borrowings on long-term debt
|
|
$30.8m
|
$124.3m
|
$12.8m
|
$162.6m
|
$136.6m
|
$199.2m
|
$201.1m
|
$5.0m
|
$695.6m
|
|
Payment of loan origination costs
|
|
($312k)
|
($3.4m)
|
($89k)
|
($4.5m)
|
($685k)
|
($662k)
|
($6.7m)
|
($63k)
|
($6.8m)
|
|
Restricted units repurchased for tax withholding
|
|
—
|
—
|
($46k)
|
—
|
($2.1m)
|
($3.3m)
|
($4.9m)
|
($4.9m)
|
($5.1m)
|
|
Redemption of Kimbell Tiger Acquisition Corporation equity units
|
|
—
|
—
|
—
|
—
|
—
|
—
|
($243.2m)
|
—
|
—
|
|
Units issued in exchange for oil and natural gas properties
|
|
—
|
$325.4m
|
$207.8m
|
$28.1m
|
—
|
$120.3m
|
$92.0m
|
—
|
—
|
|
Deemed distribution to Series A preferred units
|
|
—
|
$2.7m
|
$6.2m
|
$3.0m
|
$9.4m
|
—
|
$474k
|
$1.6m
|
$1.1m
|
|
Distribution on Series A preferred units in accounts payable
|
|
—
|
$982k
|
$982k
|
—
|
—
|
—
|
$4.9m
|
$4.9m
|
$2.5m
|
|
Recognition of tenant improvement asset
|
|
—
|
—
|
—
|
—
|
$448k
|
$125k
|
$125k
|
$125k
|
$73k
|
|
Reduction of deferred underwriting commission associated with redemption of Kimbell Tiger Acquisition Corporation equity units
|
|
—
|
—
|
—
|
—
|
—
|
—
|
($8.1m)
|
—
|
—
|
|
Net cash provided by operating activities
|
|
$18.6m
|
$33.2m
|
$80.7m
|
$62.2m
|
$91.4m
|
$166.6m
|
$174.3m
|
$250.9m
|
$246.5m
|
|
Net cash used in investing activities
|
|
($125.9m)
|
($200.9m)
|
($15.6m)
|
($90.8m)
|
($55.6m)
|
($374.7m)
|
($246.7m)
|
($210k)
|
($223.5m)
|
|
Repayments on long-term debt
|
|
—
|
($67.9m)
|
—
|
($91.2m)
|
($91.0m)
|
($183.3m)
|
($139.9m)
|
($60.0m)
|
($493.3m)
|
|
Net cash (used in) provided by financing activities
|
|
$113.0m
|
$177.9m
|
($66.7m)
|
$24.2m
|
($38.6m)
|
$226.1m
|
$78.4m
|
($247.5m)
|
($13.2m)
|
|
NET INCREASE IN CASH AND CASH EQUIVALENTS
|
|
$5.6m
|
$10.1m
|
($1.6m)
|
($4.4m)
|
($2.8m)
|
$18.0m
|
$6.0m
|
$3.2m
|
$9.8m
|
|
CASH AND CASH EQUIVALENTS, beginning of period
|
|
$5.6m
|
$15.8m
|
$14.2m
|
$9.8m
|
$7.1m
|
$25.0m
|
$31.0m
|
$34.2m
|
$44.0m
|
|
Cash paid for interest
|
|
$455k
|
$3.3m
|
$5.2m
|
$5.3m
|
$7.5m
|
$11.2m
|
$23.7m
|
$25.3m
|
$31.9m
|
|
Cash (refund from) paid for taxes
|
|
—
|
—
|
$802k
|
—
|
—
|
$3.1m
|
$2.3m
|
—
|
($3.9m)
|