v3.26.1
UNITHOLDERS' EQUITY AND PARTNERSHIP DISTRIBUTIONS (Tables)
6 Months Ended
Jun. 30, 2026
Common units  
Schedule of distributions approved by the Board of Directors

Amount per

Date

Unitholder

Payment

Common Unit

Declared

Record Date

Date

Q1 2026

$

0.41

May 7, 2026

May 19, 2026

May 27, 2026

Q2 2026

$

0.47

August 7, 2026

August 17, 2026

August 24, 2026

Q1 2025

$

0.47

May 8, 2025

May 20, 2025

May 28, 2025

Q2 2025

$

0.38

August 7, 2025

August 18, 2025

August 25, 2025

Schedule of changes in common unitholder's equity due to changes in ownership interest

Three Months Ended June 30, 

Six Months Ended June 30, 

2026

2025

2026

2025

(In thousands)

Net income attributable to the Partnership

$

40,680

$

23,089

$

47,037

$

45,469

Changes in ownership of consolidated subsidiaries, net

58,687

(552)

59,725

(12,805)

Change from net income attributable to the Partnership's unitholders and transfers to non-controlling interest

$

99,367

$

22,537

$

106,762

$

32,664

Common Units  
Common units  
Schedule of changes in Partnership's units

Common Units

Balance at December 31, 2025

93,396,488

Common units issued under the A&R LTIP (1)

1,216,990

Restricted units repurchased for tax withholding

(330,428)

Conversion of Class B units to common units

5,369,218

Repurchased and cancelation of common units

(1,000,000)

Balance at June 30, 2026

98,652,268

(1)Includes restricted units granted to certain employees and directors under the Amended and Restated Kimbell Royalty GP, LLC 2017 Long-Term Incentive Plan on February 24, 2026.