v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Gain (loss) on commodity derivative instruments, net $ 6,112 $ 9,339 $ (12,566) $ 3,286
Total revenues 112,477 86,548 178,021 170,757
Costs and expenses        
Production and ad valorem taxes 8,207 5,715 14,096 11,090
Depreciation and depletion expense 30,206 30,458 59,505 61,576
Marketing and other deductions 4,163 3,016 9,331 7,518
General and administrative expense 10,220 9,573 19,609 19,210
Total costs and expenses 52,796 48,762 102,541 99,394
Operating income 59,681 37,786 75,480 71,363
Other expense        
Interest expense (8,404) (8,947) (16,558) (15,569)
Other expense       (12)
Net income before income taxes 51,277 28,839 58,922 55,782
Income tax expense 3,978 2,167 4,681 3,257
Net income 47,299 26,672 54,241 52,525
Distribution and accretion on Series A preferred units (2,628) (24,337) (5,227) (29,540)
Net income and distributions and accretion on Series A preferred units attributable to non-controlling interests (6,251) (314) (6,617) (3,088)
Distribution to Class B unitholders (9) (14) (18) (28)
Net income attributable to common units of Kimbell Royalty Partners, LP $ 38,411 $ 2,007 $ 42,379 $ 19,869
Net income per unit attributable to common units of Kimbell Royalty Partners, LP        
Net income per unit attributable to common units Kimbell Royalty Partners, LP (Basic) (in dollar per share) $ 0.4 $ 0.02 $ 0.45 $ 0.22
Net income per unit attributable to common units Kimbell Royalty Partners, LP (Diluted) (in dollar per share) $ 0.4 $ 0.02 $ 0.45 $ 0.22
Weighted average number of common units outstanding        
Weighted average number of common units outstanding Basic (in units) 96,307 91,170 94,725 90,430
Weighted average number of common units outstanding Diluted (in units) 118,876 122,924 118,818 125,277
Oil, natural gas and NGL revenues        
Revenue $ 103,046 $ 74,695 $ 185,931 $ 164,646
Lease bonus and other income        
Revenue $ 3,319 $ 2,514 $ 4,656 $ 2,825