| Schedule of earnings per common unit |
| | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | | 2026 | | 2025 | | 2026 | | 2025 | | | | (In thousands) | Net income attributable to common units of Kimbell Royalty Partners, LP | | $ | 38,411 | | $ | 2,007 | | $ | 42,379 | | $ | 19,869 | Distribution and accretion on Series A preferred units | | | 2,628 | | | 24,337 | | | 5,227 | | | 29,540 | Net income attributable to non-controlling interests in OpCo and distribution to Class B unitholders | | | 6,260 | | | 328 | | | 6,635 | | | 3,116 | Diluted net income attributable to common units of Kimbell Royalty Partners, LP | | $ | 47,299 | | $ | 26,672 | | $ | 54,241 | | $ | 52,525 | | | | | | | | | | | | | | Weighted average number of common units outstanding: | | | | | | | | | | | | | Basic | | | 96,307 | | | 91,170 | | | 94,725 | | | 90,430 | Effect of dilutive securities: | | | | | | | | | | | | | Series A preferred units | | | 10,783 | | | 15,048 | | | 10,783 | | | 18,290 | Class B units | | | 9,808 | | | 14,492 | | | 11,247 | | | 14,499 | Restricted units | | | 1,978 | | | 2,214 | | | 2,063 | | | 2,058 | Diluted | | | 118,876 | | | 122,924 | | | 118,818 | | | 125,277 | | | | | | | | | | | | | | Net income per unit attributable to common units of Kimbell Royalty Partners, LP | | | | | | | | | | | | | Basic | | $ | 0.40 | | $ | 0.02 | | $ | 0.45 | | $ | 0.22 | Diluted | | $ | 0.40 | | $ | 0.02 | | $ | 0.45 | | $ | 0.22 |
|