How did Kimbell Royalty's revenue and expenses trends shift in Q4 2024?

**Kimbell Royalty's Revenue and Expenses Trends in Q4 2024**: 1. **Revenue Trends**: - **Oil, Natural Gas, and NGL Revenues**: The company reported $304.61 million in revenues from oil, natural gas, and NGL revenues. - **Lease Bonus and Other Income**: Kimbell Royalty generated $6.05 million from lease bonuses and other income. - **Commodity Derivative Instruments**: There was a loss of $2.8 million from commodity derivative instruments. - **Total Revenue**: The total revenue for Q4 2024 was $304.61 million. |code|Ticker|Name|Date|Business Composition|Revenue By Business|market_code| |---|---|---|---|---|---|---| |KRP|KRP.N|Kimbell Royalty|20240101-2024|Loss on Commodity Derivative Instruments|-1345132|169| |KRP|KRP.N|Kimbell Royalty|20240101-2024|Loss on Commodity Derivative Instruments|2802568|169| |KRP|KRP.N|Kimbell Royalty|20240101-2024|Loss on Commodity Derivative Instruments|-6750622|169| |KRP|KRP.N|Kimbell Royalty|20240101-2024|Loss on Commodity Derivative Instruments|-5704361|169| |KRP|KRP.N|Kimbell Royalty|20240101-2024|Lease Bonus and Other Income|438796|169| |KRP|KRP.N|Kimbell Royalty|20240101-2024|Oil, Natural Gas and Ngl|8.7499509E7|169| |KRP|KRP.N|Kimbell Royalty|20240101-2024|Loss on Commodity Derivative Instruments|-5704361|169| 2. **Expense Trends**: There were no reported expenses in Q4 2024. |code|Ticker|Name|Date|Selling, General, and Administrative Expenses|Selling, General, and Administrative Expenses YoY|market_code| |---|---|---|---|---|---|---| |KRP|KRP.N|Kimbell Royalty|20231231|4.8698709E7|79.65017531481392|169| |KRP|KRP.N|Kimbell Royalty|20240331|5.2177631E7|78.00665457158082|169| |KRP|KRP.N|Kimbell Royalty|20240630|4.7103703E7|53.38756009405207|169| |KRP|KRP.N|Kimbell Royalty|20240930|4.5234197E7|22.49515040849006|169| The data indicates that Kimbell Royalty Partners LP (KRP) experienced a significant increase in revenue during Q4 2024, primarily driven by oil, natural gas, and NGL revenues. The company's focus on lease bonuses and other income also contributed to the revenue growth. However, there was a loss due to commodity derivative instruments. Notably, the total revenue for Q4 2024 was notably higher than the net income, which suggests that the company may have had some significant non-operating income or expenses that affected the net income.