XML 75 R55.htm IDEA: XBRL DOCUMENT
v3.25.4

EARNINGS (LOSS) PER COMMON UNIT (Details) - USD ($) $ / shares in Units, $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2025 | Dec. 31, 2024 | Dec. 31, 2023
Earnings per unit |  |  |
Net income (loss) attributable to common units of Kimbell Royalty Partners, LP | $ 56,037 | $ (8,839) | $ 60,142
Net adjustment to accretion of redeemable non-controlling interest in Kimbell Tiger Acquisition Corporation and write-off of deferred underwriting commissions |  |  | (1,572)
Net (loss) income attributable to common units of Kimbell Royalty Partners, LP after accretion of redeemable non-controlling interest in Kimbell Tiger Acquisition Corporation and write-off of deferred underwriting commissions | 56,037 | (8,839) | 61,714
Distribution and accretion on Series A preferred units | 34,852 | 21,091 | 6,310
Diluted net income attributable to common units of Kimbell Royalty Partners, LP | $ 99,651 | $ 11,070 | $ 84,578
Weighted average number of common units outstanding Basic (in units) | 90,803,000 | 76,240,000 | 66,595,000
Weighted average number of common units outstanding Diluted (in units) | 121,307,000 | 116,049,000 | 93,058,000
Net income per unit attributable to common units Kimbell Royalty Partners, LP (basic) (in dollar per share) | $ 0.62 | $ (0.12) | $ 0.93
Net income per unit attributable to common units Kimbell Royalty Partners, LP (diluted) (in dollar per share) | $ 0.62 | $ (0.12) | $ 0.91
Series A Preferred Units |  |  |
Earnings per unit |  |  |
Weighted average number of common units outstanding (in units) | 14,506,000 | 21,566,000 | 6,500,000
Restricted Units |  |  |
Earnings per unit |  |  |
Weighted average number of common units outstanding (in units) | 1,503,000 | 1,127 | 1,112,000
Class B |  |  |
Earnings per unit |  |  |
Net income (loss) attributable to non-controlling interests in OpCo and distribution to Class B unitholders | $ 8,762 | $ (1,182) | $ 16,554
Weighted average number of common units outstanding (in units) | 14,495,000 | 17,116 | 18,851,000

X
- Definition Amount of income (loss), after adjustment for accretion of temporary equity to its redemption value and write-off of deferred underwriting commissions. + References No definition available. + Details
Name: | krp_NetIncomeLossAfterTemporaryEquityAccretionToRedemptionValueAdjustmentAndWriteOffOfDeferredUnderwritingCommissions
Namespace Prefix: | krp_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of Net Income (Loss) attributable to noncontrolling interest and the amount of common units dividends that is an adjustment to net income apportioned to common stockholders.. + References No definition available. + Details
Name: | krp_NetIncomeLossAttributableToNoncontrollingInterestAndCommonDividendsIncomeStatementImpact
Namespace Prefix: | krp_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities and common units distributions; of income (loss) available to diluted common shareholders. + References No definition available. + Details
Name: | krp_NetIncomeLossAvailableToCommonClassStockholdersDiluted
Namespace Prefix: | krp_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities and common units distributions; of income (loss) available to common A shareholders. + References No definition available. + Details
Name: | krp_NetIncomeLossAvailableToCommonaStockholdersBasic
Namespace Prefix: | krp_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of adjustment to net income for accretion of temporary equity to its redemption value and write-off of deferred underwriting commissions. + References No definition available. + Details
Name: | krp_TemporaryEquityAccretionToRedemptionValueAdjustmentAndWriteOffOfDeferredUnderwritingCommissions
Namespace Prefix: | krp_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
Name: | us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Per unit of ownership amount after tax of income (loss) available to limited partnership (LP) unit-holder and units that would have been outstanding assuming the issuance of limited partner units for dilutive potential units outstanding. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 5 -Subparagraph (SAB Topic 4.F) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480008/505-10-S99-5 + Details
Name: | us-gaap_NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:perShareItemType
Balance Type: | na
Period Type: | duration

X
- Definition Per unit of ownership amount after tax of income (loss) available to outstanding limited partnership (LP) unit-holder. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 5 -Subparagraph (SAB Topic 4.F) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480008/505-10-S99-5 + Details
Name: | us-gaap_NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:perShareItemType
Balance Type: | na
Period Type: | duration

X
- Definition The amount of preferred stock dividends that is an adjustment to net income apportioned to common stockholders. + References No definition available. + Details
Name: | us-gaap_PreferredStockDividendsIncomeStatementImpact
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Weighted average number of limited partnership units outstanding determined by relating the portion of time within a reporting period that limited partnership units have been outstanding to the total time in that period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 5 -Subparagraph (SAB Topic 4.F) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480008/505-10-S99-5 + Details
Name: | us-gaap_WeightedAverageLimitedPartnershipUnitsOutstanding
Namespace Prefix: | us-gaap_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | duration

X
- Definition Weighted average number of limited partnership units outstanding determined by relating the portion of time within a reporting period that limited partnership units have been outstanding to the total time in that period. Used in the calculation of diluted net income or loss per limited partnership unit. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 5 -Subparagraph (SAB Topic 4.F) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480008/505-10-S99-5 + Details
Name: | us-gaap_WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
Namespace Prefix: | us-gaap_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | duration

X
- Definition The sum of dilutive potential limited partnership units used in the calculation of the diluted per-unit computation. + References No definition available. + Details
Name: | us-gaap_WeightedAverageNumerDilutedLimitedPartnershipUnitsOutstandingAdjustment
Namespace Prefix: | us-gaap_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis=krp_SeriesCumulativeConvertiblePreferredUnitsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis=us-gaap_RestrictedStockUnitsRSUMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis=us-gaap_CommonClassBMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |