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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 99,651 $ 11,070 $ 83,006
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and depletion expense 124,554 135,123 96,477
Impairment of oil and natural gas properties 0 62,118 18,220
Amortization of right-of-use assets 348 349 336
Amortization of loan origination costs 2,356 2,126 1,943
Loss on extinguishment of debt     480
Unit-based compensation 16,323 16,386 13,112
Forfeiture of restricted units (57)    
(Gain) loss on derivative instruments, net of settlements (7,227) 12,211 (26,371)
Changes in operating assets and liabilities:      
Oil, natural gas and NGL receivables 9,343 13,096 (12,027)
Accounts receivable and other current assets 1,352 (1,071) 1,863
Accounts payable (917) (90) 509
Other current liabilities 1,039 (20) 1,264
Operating lease liabilities (303) (382) (348)
Net cash provided by operating activities 246,462 250,916 174,268
CASH FLOWS FROM INVESTING ACTIVITIES      
Purchases of property and equipment (734) (188) (141)
Proceeds from sale of property and equipment 12    
Purchase of oil and natural gas properties (222,759) (22) (490,666)
Proceeds from trust of variable interest entity     931
Net cash used in investing activities (223,481) (210) (246,677)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from the issuance of Series A preferred units, net of issuance costs     313,951
Proceeds from equity offering, net of issuance costs 163,575   110,711
Contributions from Class B unitholders     268
Redemption of Class B contributions on converted units (2) (316)  
Redemption of Series A preferred units (179,908)    
Distribution to common unitholders (149,435) (135,880) (120,373)
Distribution to OpCo unitholders (23,190) (31,733) (31,551)
Distribution to Series A preferred unitholders (14,598) (19,513) (962)
Distribution to Class B unitholders (58) (72) (89)
Borrowings on long-term debt 695,636 4,960 201,084
Repayments on long-term debt (493,296) (60,000) (139,900)
Payment of loan origination costs (6,815) (63) (6,745)
Restricted units repurchased for tax withholding (5,081) (4,914) (4,852)
Net cash (used in) provided by financing activities (13,172) (247,531) 78,375
NET INCREASE IN CASH AND CASH EQUIVALENTS 9,809 3,175 5,966
CASH AND CASH EQUIVALENTS, beginning of period 34,168 30,993 25,027
CASH AND CASH EQUIVALENTS, end of period 43,977 34,168 30,993
Supplemental cash flow information:      
Cash paid for interest 31,910 25,278 23,728
Cash (refund from) paid for taxes (3,928)   2,281
Non-cash investing and financing activities:      
Units issued in exchange for oil and natural gas properties     92,039
Deemed distribution to Series A preferred units 1,070 1,579 474
Distribution on Series A preferred units in accounts payable 2,458 4,902 4,875
Recognition of tenant improvement asset 73 125 125
Right-of-use assets obtained in exchange for operating lease liabilities $ 1,224 $ 1,890  
Consolidated variable interest entities      
Changes in operating assets and liabilities:      
Interest earned on marketable securities in trust account     (3,509)
Other assets and liabilities     (687)
CASH FLOWS FROM INVESTING ACTIVITIES      
Cash paid for transaction costs     32
Cash received from investments held in trust     243,167
CASH FLOWS FROM FINANCING ACTIVITIES      
Redemption of Kimbell Tiger Acquisition Corporation equity units     (243,167)
Non-cash investing and financing activities:      
Reduction of deferred underwriting commission associated with redemption of Kimbell Tiger Acquisition Corporation equity units     $ (8,050)