v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 44,931 $ 43,977
Oil, natural gas and NGL receivables 53,685 36,582
Derivative assets 292 6,504
Accounts receivable and other current assets 1,886 1,420
Total current assets 100,794 88,483
Property and equipment, net 655 629
Oil and natural gas properties    
Oil and natural gas properties, using full cost method of accounting ($190,380 and $174,189 excluded from depletion at June 30, 2026 and December 31, 2025, respectively) 2,417,589 2,271,470
Less: accumulated depreciation, depletion and impairment (1,207,591) (1,148,157)
Total oil and natural gas properties, net 1,209,998 1,123,313
Right-of-use assets, net 4,424 4,606
Derivative assets 984 2,587
Loan origination costs, net 9,362 9,722
Total assets 1,326,217 1,229,340
Current liabilities    
Accounts payable 4,051 3,144
Other current liabilities 8,789 7,097
Derivative liabilities 961  
Total current liabilities 13,801 10,241
Operating lease liabilities, excluding current portion 4,238 4,411
Derivative liabilities 749 28
Long-term debt 478,700 441,500
Total liabilities 497,488 456,180
Commitments and contingencies (Note 16)
Mezzanine equity:    
Series A preferred units (162,500 units issued and outstanding as of June 30, 2026 and December 31, 2025) 159,184 158,793
Kimbell Royalty Partners, LP unitholders' equity:    
Common units (98,652,268 units and 93,396,488 units issued and outstanding as of June 30, 2026 and December 31, 2025, respectively) 575,049 531,121
Class B units (16,051,322 units and 14,491,540 units issued and outstanding as of June 30, 2026 and December 31, 2025, respectively) 802 724
Total Kimbell Royalty Partners, LP unitholders' equity 575,851 531,845
Non-controlling interest in OpCo 93,694 82,522
Total unitholders' equity 669,545 614,367
Total liabilities, mezzanine equity and unitholders' equity $ 1,326,217 $ 1,229,340