10-Q Filing

KIMBELL ROYALTY PARTNERS, LP CIK: 1657788 Q3 2023

Filing Information

Form Type	10-Q
Accession Number	`0001558370-23-017410`
Period End Date	20230930
Filing Date	20231102
Fiscal Year	2023
Fiscal Period	Q3
XBRL Instance	krp-20230930x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 79 Income Statement 99 Cash Flow Statement 88 Stockholders Equity 64

Balance Sheet 79 line items

Line Item	Tag	Value	Unit	Period
Oil and natural gas properties excluded from depletion	`UnprovedOilAndGasPropertyFullCostMethodGross`	$207.70M	USD	Point-in-time
Oil and natural gas properties excluded from depletion	`UnprovedOilAndGasPropertyFullCostMethodGross`	$338.84M	USD	Point-in-time
Temporary equity, issued (in units)	`TemporaryEquitySharesIssued`	0.00	shares	Point-in-time
Temporary equity, issued (in units)	`TemporaryEquitySharesIssued`	325,000.00	shares	Point-in-time
Temporary equity, outstanding (in units)	`TemporaryEquitySharesOutstanding`	0.00	shares	Point-in-time
Temporary equity, outstanding (in units)	`TemporaryEquitySharesOutstanding`	325,000.00	shares	Point-in-time
Common units, issued (in units)	`LimitedPartnersCapitalAccountUnitsIssued`	73.85M	shares	Point-in-time
Common units, issued (in units)	`LimitedPartnersCapitalAccountUnitsIssued`	64.23M	shares	Point-in-time
Common units, outstanding (in units)	`LimitedPartnersCapitalAccountUnitsOutstanding`	73.85M	shares	Point-in-time
Common units, outstanding (in units)	`LimitedPartnersCapitalAccountUnitsOutstanding`	64.23M	shares	Point-in-time
Class B units, issued (in units)	`LimitedPartnersClassBCapitalAccountUnitsIssued`	20.85M	shares	Point-in-time
Class B units, issued (in units)	`LimitedPartnersClassBCapitalAccountUnitsIssued`	15.48M	shares	Point-in-time
Class B units, outstanding (in units)	`LimitedPartnersClassBCapitalAccountUnitsOutstanding`	20.85M	shares	Point-in-time
Class B units, outstanding (in units)	`LimitedPartnersClassBCapitalAccountUnitsOutstanding`	15.48M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$39.53M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$24.64M	USD	Point-in-time
Oil, natural gas and NGL receivables	`OilAndGasBillingReceivables`	$46.99M	USD	Point-in-time
Oil, natural gas and NGL receivables	`OilAndGasBillingReceivables`	$61.32M	USD	Point-in-time
Derivative assets	`CommodityContractAssetCurrent`	$1.49M	USD	Point-in-time
Accounts receivable and other current assets	`AccountsReceivableNetCurrentAndOtherAssetsCurrent`	$2.86M	USD	Point-in-time
Accounts receivable and other current assets	`AccountsReceivableNetCurrentAndOtherAssetsCurrent`	$3.56M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$75.19M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$105.19M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$953.78K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$681.28K	USD	Point-in-time
Oil and natural gas properties, using full cost method of accounting ($338,840,127 and $207,695,343 excluded from depletion at September 30, 2023 and December 31, 2022, respectively)	`OilAndGasPropertyFullCostMethodGross`	$2.05B	USD	Point-in-time
Oil and natural gas properties, using full cost method of accounting ($338,840,127 and $207,695,343 excluded from depletion at September 30, 2023 and December 31, 2022, respectively)	`OilAndGasPropertyFullCostMethodGross`	$1.47B	USD	Point-in-time
Less: accumulated depreciation, depletion and impairment	`OilAndGasPropertyFullCostMethodDepletion`	$712.72M	USD	Point-in-time
Less: accumulated depreciation, depletion and impairment	`OilAndGasPropertyFullCostMethodDepletion`	$772.71M	USD	Point-in-time
Total oil and natural gas properties, net	`OilAndGasPropertyFullCostMethodNet`	$753.27M	USD	Point-in-time
Total oil and natural gas properties, net	`OilAndGasPropertyFullCostMethodNet`	$1.28B	USD	Point-in-time
Right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$2.27M	USD	Point-in-time
Right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$2.53M	USD	Point-in-time
Derivative assets	`CommodityContractAssetNoncurrent`	$134.84K	USD	Point-in-time
Derivative assets	`CommodityContractAssetNoncurrent`	$754.79K	USD	Point-in-time
Loan origination costs, net	`DeferredFinanceCostsNoncurrentNet`	$6.05M	USD	Point-in-time
Loan origination costs, net	`DeferredFinanceCostsNoncurrentNet`	$3.00M	USD	Point-in-time
Total assets	`Assets`	$1.08B	USD	Point-in-time
Total assets	`Assets`	$1.39B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.21M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.19M	USD	Point-in-time
Other current liabilities	`OtherAccruedLiabilitiesCurrent`	$10.54M	USD	Point-in-time
Other current liabilities	`OtherAccruedLiabilitiesCurrent`	$4.91M	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	$1.42M	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	$12.65M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$15.15M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$18.77M	USD	Point-in-time
Operating lease liabilities, excluding current portion	`OperatingLeaseLiabilityNoncurrent`	$2.24M	USD	Point-in-time
Operating lease liabilities, excluding current portion	`OperatingLeaseLiabilityNoncurrent`	$1.98M	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesNoncurrent`	$432.14K	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesNoncurrent`	$1.53M	USD	Point-in-time
Long-term debt	`LongTermLineOfCredit`	$310.40M	USD	Point-in-time
Long-term debt	`LongTermLineOfCredit`	$233.02M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$322.92K	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$229.17K	USD	Point-in-time
Total liabilities	`Liabilities`	$263.34M	USD	Point-in-time
Total liabilities	`Liabilities`	$329.28M	USD	Point-in-time
Commitments and contingencies (Note 17)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 17)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Series A preferred units (325,000 units and zero units issued and outstanding as of September 30, 2023 and December 31, 2022, respectively)	`TemporaryEquityCarryingAmountAttributableToParent`	$314.03M	USD	Point-in-time
Redeemable non-controlling interest in Kimbell Tiger Acquisition Corporation	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$236.90M	USD	Point-in-time
Common units (73,851,458 units and 64,231,833 units issued and outstanding as of September 30, 2023 and December 31, 2022, respectively)	`LimitedPartnersCommonCapitalAccount`	$695.10M	USD	Point-in-time
Common units (73,851,458 units and 64,231,833 units issued and outstanding as of September 30, 2023 and December 31, 2022, respectively)	`LimitedPartnersCommonCapitalAccount`	$601.84M	USD	Point-in-time
Class B units (20,847,295 and 15,484,400 units issued and outstanding as of September 30, 2023 and December 31, 2022, respectively)	`LimitedPartnersClassBCapitalAccount`	$774.22K	USD	Point-in-time
Class B units (20,847,295 and 15,484,400 units issued and outstanding as of September 30, 2023 and December 31, 2022, respectively)	`LimitedPartnersClassBCapitalAccount`	$1.04M	USD	Point-in-time
Total Kimbell Royalty Partners, LP unitholders' equity	`PartnersCapital`	$602.62M	USD	Point-in-time
Total Kimbell Royalty Partners, LP unitholders' equity	`PartnersCapital`	$696.14M	USD	Point-in-time
Non-controlling interest (deficit) in OpCo	`PartnersCapitalAttributableToNoncontrollingInterest`	$-26.11M	USD	Point-in-time
Non-controlling interest (deficit) in OpCo	`PartnersCapitalAttributableToNoncontrollingInterest`	$50.34M	USD	Point-in-time
Total unitholders' equity	`PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest`	$565.10M	USD	Point-in-time
Total unitholders' equity	`PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest`	$746.48M	USD	Point-in-time
Total unitholders' equity	`PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest`	$576.51M	USD	Point-in-time
Total unitholders' equity	`PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest`	$336.84M	USD	Point-in-time
Total unitholders' equity	`PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest`	$348.85M	USD	Point-in-time
Total unitholders' equity	`PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest`	$326.32M	USD	Point-in-time
Total unitholders' equity	`PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest`	$312.65M	USD	Point-in-time
Total unitholders' equity	`PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest`	$651.95M	USD	Point-in-time
Total liabilities, mezzanine equity and unitholders' equity	`LiabilitiesAndStockholdersEquity`	$1.08B	USD	Point-in-time
Total liabilities, mezzanine equity and unitholders' equity	`LiabilitiesAndStockholdersEquity`	$1.39B	USD	Point-in-time

Income Statement 99 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$183.64M	USD	3 Qtrs
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$73.87M	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$217.54M	USD	3 Qtrs
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$69.24M	USD	1 Quarter
Lease bonus and other income	`ResultsOfLeaseBonusAndOtherIncome`	$2.54M	USD	1 Quarter
Lease bonus and other income	`ResultsOfLeaseBonusAndOtherIncome`	$2.04M	USD	3 Qtrs
Lease bonus and other income	`ResultsOfLeaseBonusAndOtherIncome`	$171.70K	USD	1 Quarter
Lease bonus and other income	`ResultsOfLeaseBonusAndOtherIncome`	$5.02M	USD	3 Qtrs
(Loss) gain on commodity derivative instruments, net	`UnrealizedGainLossOnCommodityContracts`	$-1.12M	USD	1 Quarter
(Loss) gain on commodity derivative instruments, net	`UnrealizedGainLossOnCommodityContracts`	$-40.19M	USD	3 Qtrs
(Loss) gain on commodity derivative instruments, net	`UnrealizedGainLossOnCommodityContracts`	$-4.58M	USD	1 Quarter
(Loss) gain on commodity derivative instruments, net	`UnrealizedGainLossOnCommodityContracts`	$6.22M	USD	3 Qtrs
Total revenues	`Revenues`	$179.39M	USD	3 Qtrs
Total revenues	`Revenues`	$67.20M	USD	1 Quarter
Total revenues	`Revenues`	$194.87M	USD	3 Qtrs
Total revenues	`Revenues`	$72.92M	USD	1 Quarter
Production and ad valorem taxes	`ProductionTaxExpense`	$4.52M	USD	1 Quarter
Production and ad valorem taxes	`ProductionTaxExpense`	$13.54M	USD	3 Qtrs
Production and ad valorem taxes	`ProductionTaxExpense`	$4.99M	USD	1 Quarter
Production and ad valorem taxes	`ProductionTaxExpense`	$14.67M	USD	3 Qtrs
Depreciation and depletion expense	`DepreciationDepletionAndAmortization`	$60.28M	USD	3 Qtrs
Depreciation and depletion expense	`DepreciationDepletionAndAmortization`	$11.33M	USD	1 Quarter
Depreciation and depletion expense	`DepreciationDepletionAndAmortization`	$23.06M	USD	1 Quarter
Depreciation and depletion expense	`DepreciationDepletionAndAmortization`	$33.36M	USD	3 Qtrs
Marketing and other deductions	`SellingAndMarketingExpense`	$10.64M	USD	3 Qtrs
Marketing and other deductions	`SellingAndMarketingExpense`	$3.51M	USD	1 Quarter
Marketing and other deductions	`SellingAndMarketingExpense`	$3.07M	USD	1 Quarter
Marketing and other deductions	`SellingAndMarketingExpense`	$9.18M	USD	3 Qtrs
General and administrative expense	`SellingGeneralAndAdministrativeExpense`	$21.94M	USD	3 Qtrs
General and administrative expense	`SellingGeneralAndAdministrativeExpense`	$7.48M	USD	1 Quarter
General and administrative expense	`SellingGeneralAndAdministrativeExpense`	$26.56M	USD	3 Qtrs
General and administrative expense	`SellingGeneralAndAdministrativeExpense`	$10.36M	USD	1 Quarter
General and administrative expense consolidated variable interest entities	`SellingAndGeneralAndAdministrativeExpenseConsolidatedVariableInterestEntities`	$1.86M	USD	3 Qtrs
General and administrative expense consolidated variable interest entities	`SellingAndGeneralAndAdministrativeExpenseConsolidatedVariableInterestEntities`	$527.63K	USD	1 Quarter
General and administrative expense consolidated variable interest entities	`SellingAndGeneralAndAdministrativeExpenseConsolidatedVariableInterestEntities`	$927.70K	USD	3 Qtrs
Total costs and expenses	`CostsAndExpenses`	$81.34M	USD	3 Qtrs
Total costs and expenses	`CostsAndExpenses`	$111.62M	USD	3 Qtrs
Total costs and expenses	`CostsAndExpenses`	$26.92M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$41.91M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$25.29M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$83.26M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$98.05M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$46.00M	USD	1 Quarter
Equity income in affiliate	`IncomeLossFromEquityMethodInvestments`	$23.73K	USD	1 Quarter
Equity income in affiliate	`IncomeLossFromEquityMethodInvestments`	$3.66M	USD	3 Qtrs
Interest expense	`InterestExpense`	$6.68M	USD	1 Quarter
Interest expense	`InterestExpense`	$18.49M	USD	3 Qtrs
Interest expense	`InterestExpense`	$3.67M	USD	1 Quarter
Interest expense	`InterestExpense`	$9.87M	USD	3 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-480.24K	USD	3 Qtrs
Other income (expense)	`OtherNonoperatingIncomeExpense`	$76.87K	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$-180.76K	USD	3 Qtrs
Other income (expense)	`OtherNonoperatingIncomeExpense`	$4.04M	USD	3 Qtrs
Net income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$67.62M	USD	3 Qtrs
Net income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$97.40M	USD	3 Qtrs
Net income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$43.62M	USD	1 Quarter
Net income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$18.61M	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$128.36K	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$2.44M	USD	3 Qtrs
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$1.85M	USD	3 Qtrs
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-224.88K	USD	1 Quarter
Net income	`ProfitLoss`	$95.55M	USD	3 Qtrs
Net income	`ProfitLoss`	$8.41M	USD	1 Quarter
Net income	`ProfitLoss`	$43.29M	USD	1 Quarter
Net income	`ProfitLoss`	$43.85M	USD	1 Quarter
Net income	`ProfitLoss`	$18.48M	USD	1 Quarter
Net income	`ProfitLoss`	$28.90M	USD	1 Quarter
Net income	`ProfitLoss`	$65.18M	USD	3 Qtrs
Net income	`ProfitLoss`	$17.80M	USD	1 Quarter
Distribution and accretion on Series A preferred units	`PreferredStockDividendsIncomeStatementImpact`	$1.04M	USD	3 Qtrs
Distribution and accretion on Series A preferred units	`PreferredStockDividendsIncomeStatementImpact`	$1.04M	USD	1 Quarter
Net income and distributions and accretion on Series A preferred units attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$5.49M	USD	1 Quarter
Net income and distributions and accretion on Series A preferred units attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$11.98M	USD	3 Qtrs
Net income and distributions and accretion on Series A preferred units attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$3.84M	USD	1 Quarter
Net income and distributions and accretion on Series A preferred units attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$13.70M	USD	3 Qtrs
Distribution on Class B units	`CommonDividendsIncomeStatementImpact`	$8.21K	USD	1 Quarter
Distribution on Class B units	`CommonDividendsIncomeStatementImpact`	$20.85K	USD	1 Quarter
Distribution on Class B units	`CommonDividendsIncomeStatementImpact`	$34.03K	USD	3 Qtrs
Distribution on Class B units	`CommonDividendsIncomeStatementImpact`	$67.94K	USD	3 Qtrs
Net income attributable to common units of Kimbell Royalty Partners, LP	`NetIncomeLossAvailableToCommonaStockholdersBasic`	$38.34M	USD	1 Quarter
Net income attributable to common units of Kimbell Royalty Partners, LP	`NetIncomeLossAvailableToCommonaStockholdersBasic`	$13.58M	USD	1 Quarter
Net income attributable to common units of Kimbell Royalty Partners, LP	`NetIncomeLossAvailableToCommonaStockholdersBasic`	$50.37M	USD	3 Qtrs
Net income attributable to common units of Kimbell Royalty Partners, LP	`NetIncomeLossAvailableToCommonaStockholdersBasic`	$83.54M	USD	3 Qtrs
Net income per unit attributable to common units (basic) (in dollar per share)	`NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax`	$1.26	USD	3 Qtrs
Net income per unit attributable to common units (basic) (in dollar per share)	`NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax`	$0.69	USD	1 Quarter
Net income per unit attributable to common units (basic) (in dollar per share)	`NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax`	$0.80	USD	3 Qtrs
Net income per unit attributable to common units (basic) (in dollar per share)	`NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax`	$0.20	USD	1 Quarter
Net income per unit attributable to common units (diluted) (in dollar per share)	`NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted`	$0.78	USD	3 Qtrs
Net income per unit attributable to common units (diluted) (in dollar per share)	`NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted`	$0.59	USD	1 Quarter
Net income per unit attributable to common units (diluted) (in dollar per share)	`NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted`	$0.19	USD	1 Quarter
Net income per unit attributable to common units (diluted) (in dollar per share)	`NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted`	$1.00	USD	3 Qtrs
Weighted average number of common units outstanding Basic (in units)	`WeightedAverageLimitedPartnershipUnitsOutstanding`	68.54M	shares	1 Quarter
Weighted average number of common units outstanding Basic (in units)	`WeightedAverageLimitedPartnershipUnitsOutstanding`	52.30M	shares	3 Qtrs
Weighted average number of common units outstanding Basic (in units)	`WeightedAverageLimitedPartnershipUnitsOutstanding`	64.81M	shares	3 Qtrs
Weighted average number of common units outstanding Basic (in units)	`WeightedAverageLimitedPartnershipUnitsOutstanding`	55.43M	shares	1 Quarter
Weighted average number of common units outstanding Diluted (in units)	`WeightedAverageLimitedPartnershipUnitsOutstandingDiluted`	65.54M	shares	1 Quarter
Weighted average number of common units outstanding Diluted (in units)	`WeightedAverageLimitedPartnershipUnitsOutstandingDiluted`	85.74M	shares	3 Qtrs
Weighted average number of common units outstanding Diluted (in units)	`WeightedAverageLimitedPartnershipUnitsOutstandingDiluted`	94.97M	shares	1 Quarter
Weighted average number of common units outstanding Diluted (in units)	`WeightedAverageLimitedPartnershipUnitsOutstandingDiluted`	65.40M	shares	3 Qtrs

Cash Flow Statement 88 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$95.55M	USD	3 Qtrs
Net income	`ProfitLoss`	$8.41M	USD	1 Quarter
Net income	`ProfitLoss`	$43.29M	USD	1 Quarter
Net income	`ProfitLoss`	$43.85M	USD	1 Quarter
Net income	`ProfitLoss`	$18.48M	USD	1 Quarter
Net income	`ProfitLoss`	$28.90M	USD	1 Quarter
Net income	`ProfitLoss`	$65.18M	USD	3 Qtrs
Net income	`ProfitLoss`	$17.80M	USD	1 Quarter
Depreciation and depletion expense	`DepreciationDepletionAndAmortization`	$60.28M	USD	3 Qtrs
Depreciation and depletion expense	`DepreciationDepletionAndAmortization`	$11.33M	USD	1 Quarter
Depreciation and depletion expense	`DepreciationDepletionAndAmortization`	$23.06M	USD	1 Quarter
Depreciation and depletion expense	`DepreciationDepletionAndAmortization`	$33.36M	USD	3 Qtrs
Amortization of right-of-use assets	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$237.84K	USD	3 Qtrs
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$25.03M	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$39.53M	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.05M	USD	Point-in-time
Amortization of right-of-use assets	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$251.18K	USD	3 Qtrs
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$17.11M	USD	Point-in-time
Amortization of loan origination costs	`AmortizationOfFinancingCosts`	$1.41M	USD	3 Qtrs
Amortization of loan origination costs	`AmortizationOfFinancingCosts`	$1.38M	USD	3 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-480.24K	USD	3 Qtrs
Equity income in affiliate	`IncomeLossFromEquityMethodInvestments`	$23.73K	USD	1 Quarter
Equity income in affiliate	`IncomeLossFromEquityMethodInvestments`	$3.66M	USD	3 Qtrs
Cash distribution from affiliate	`EquityMethodInvestmentDividendsOrDistributions`	$3.77M	USD	3 Qtrs
Forfeiture of restricted units	`ForfeitureOfRestrictedUnitsCashProceeds`	$-19.81K	USD	3 Qtrs
Unit-based compensation	`ShareBasedCompensation`	$8.13M	USD	3 Qtrs
Unit-based compensation	`ShareBasedCompensation`	$9.79M	USD	3 Qtrs
Gain on derivative instruments, net of settlements	`UnrealizedGainLossOnDerivativesAndCommodityContracts`	$11.00M	USD	3 Qtrs
Gain on derivative instruments, net of settlements	`UnrealizedGainLossOnDerivativesAndCommodityContracts`	$1.27M	USD	3 Qtrs
Oil, natural gas and NGL receivables	`IncreaseDecreaseInOilAndGasBillingReceivables`	$14.33M	USD	3 Qtrs
Oil, natural gas and NGL receivables	`IncreaseDecreaseInOilAndGasBillingReceivables`	$11.24M	USD	3 Qtrs
Accounts receivable and other current assets	`IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets`	$-455.64K	USD	3 Qtrs
Accounts receivable and other current assets	`IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets`	$-707.26K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.01M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$63.16K	USD	3 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$5.63M	USD	3 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$3.10M	USD	3 Qtrs
Operating lease liabilities	`OperatingLeaseLiabilities`	$-258.43K	USD	3 Qtrs
Operating lease liabilities	`OperatingLeaseLiabilities`	$-241.31K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$128.01M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$114.96M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipmentExcludingPaymentsToAcquireOilAndGasProperty`	$118.61K	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipmentExcludingPaymentsToAcquireOilAndGasProperty`	$107.42K	USD	3 Qtrs
Purchase of oil and natural gas properties	`PaymentsToAcquireOilAndGasProperty`	$490.14M	USD	3 Qtrs
Purchase of oil and natural gas properties	`PaymentsToAcquireOilAndGasProperty`	$443.98K	USD	3 Qtrs
Proceeds from trust of variable interest entity	`ProceedsFromTrustOfVariableInterestEntity`	$930.85K	USD	3 Qtrs
Cash distribution from affiliate	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$3.47M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-246.11M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-234.00M	USD	3 Qtrs
Proceeds from the issuance of Series A preferred units, net of issuance costs	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$313.95M	USD	3 Qtrs
Proceeds from equity offering, net of issuance costs	`NetProceedsFromIssuanceOrSaleOfEquity`	$110.71M	USD	3 Qtrs
Costs associated with equity offering	`PaymentsOfEquityOfferingCosts`	$325.51K	USD	3 Qtrs
Contributions from Class B unitholders	`ProceedsFromContributionsOfClassBUnitholders`	$268.46K	USD	3 Qtrs
Redemption of Class B contributions on converted units	`RefundOfClassBContributionsOnConvertedUnits`	$470.00K	USD	3 Qtrs
Redemption of Class B contributions on converted units	`RefundOfClassBContributionsOnConvertedUnits`	$316.00	USD	3 Qtrs
Distributions to common unitholders	`DistributionMadeToLimitedPartnerCashDistributionsPaid`	$75.93M	USD	3 Qtrs
Distributions to common unitholders	`DistributionMadeToLimitedPartnerCashDistributionsPaid`	$82.71M	USD	3 Qtrs
Distribution to OpCo unitholders	`DistributionMadeToOperatingCompanyCommonUnitholdersCashDistributionsPaid`	$20.92M	USD	3 Qtrs
Distribution to OpCo unitholders	`DistributionMadeToOperatingCompanyCommonUnitholdersCashDistributionsPaid`	$15.14M	USD	3 Qtrs
Distribution on Class B units	`DistributionMadeToClassBUnitholdersPaid`	$67.94K	USD	3 Qtrs
Distribution on Class B units	`DistributionMadeToClassBUnitholdersPaid`	$34.03K	USD	3 Qtrs
Borrowings on long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$201.08M	USD	3 Qtrs
Borrowings on long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$43.20M	USD	3 Qtrs
Repayments on long-term debt	`RepaymentsOfLongTermDebt`	$123.70M	USD	3 Qtrs
Repayments on long-term debt	`RepaymentsOfLongTermDebt`	$56.40M	USD	3 Qtrs
Payment of loan origination costs	`PaymentsOfLoanCosts`	$435.14K	USD	3 Qtrs
Payment of loan origination costs	`PaymentsOfLoanCosts`	$4.94M	USD	3 Qtrs
Restricted units repurchased for tax withholding	`ExcessTaxBenefitsFromShareBasedCompensationFinancingActivities`	$-4.85M	USD	3 Qtrs
Restricted units repurchased for tax withholding	`ExcessTaxBenefitsFromShareBasedCompensationFinancingActivities`	$-3.34M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$145.66M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$116.05M	USD	3 Qtrs
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$10.05M	USD	3 Qtrs
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$14.50M	USD	3 Qtrs
CASH AND CASH EQUIVALENTS, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$25.03M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$39.53M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.05M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$17.11M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$25.03M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$39.53M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.05M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$17.11M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$8.03M	USD	3 Qtrs
Cash paid for interest	`InterestPaidNet`	$16.92M	USD	3 Qtrs
Cash paid for taxes	`IncomeTaxesPaidNet`	$3.07M	USD	3 Qtrs
Units issued in exchange for oil and natural gas properties	`NonCashUnitsIssuedInExchangeForOilAndNaturalGasProperties`	$92.04M	USD	3 Qtrs
Noncash deemed distribution to Series A preferred units	`NonCashDeemedDistributionToTemporaryEquity`	$78.93K	USD	3 Qtrs
Recognition of tenant improvement asset	`CapitalExpendituresIncurredTenantImprovementAllowance`	$93.75K	USD	3 Qtrs
Recognition of tenant improvement asset	`CapitalExpendituresIncurredTenantImprovementAllowance`	$93.75K	USD	3 Qtrs

Stockholders Equity 64 line items

Line Item	Tag	Value	Unit	Period
Unitholders' capital, beginning balance	`PartnersCapital`	$602.62M	USD	Point-in-time
Unitholders' capital, beginning balance	`PartnersCapital`	$696.14M	USD	Point-in-time
Unitholders' capital, beginning balance	`PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest`	$565.10M	USD	Point-in-time
Unitholders' capital, beginning balance	`PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest`	$746.48M	USD	Point-in-time
Unitholders' capital, beginning balance	`PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest`	$576.51M	USD	Point-in-time
Unitholders' capital, beginning balance	`PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest`	$336.84M	USD	Point-in-time
Unitholders' capital, beginning balance	`PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest`	$348.85M	USD	Point-in-time
Unitholders' capital, beginning balance	`PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest`	$326.32M	USD	Point-in-time
Unitholders' capital, beginning balance	`PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest`	$312.65M	USD	Point-in-time
Unitholders' capital, beginning balance	`PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest`	$651.95M	USD	Point-in-time
Unitholders' capital, beginning balance (in units)	`LimitedPartnersCapitalAccountUnitsOutstanding`	73.85M	shares	Point-in-time
Unitholders' capital, beginning balance (in units)	`LimitedPartnersCapitalAccountUnitsOutstanding`	64.23M	shares	Point-in-time
Common units issued for equity offering	`StockIssuedDuringPeriodValueNewIssues`	$110.71M	USD	1 Quarter
Costs associated with equity offering	`StockIssuanceCost`	$325.51K	USD	1 Quarter
Conversion of Class B units to common units	`ConversionOfStockValue`	$-467.90K	USD	1 Quarter
Conversion of Class B units to common units	`ConversionOfStockValue`	$-316.00	USD	1 Quarter
Conversion of Class B units to common units	`ConversionOfStockValue`	$-2.10K	USD	1 Quarter
Restricted units repurchased for tax withholding	`EquityImpactOfRestrictedUnitsUsedForTaxWithholdings`	$4.85M	USD	1 Quarter
Restricted units repurchased for tax withholding	`EquityImpactOfRestrictedUnitsUsedForTaxWithholdings`	$3.34M	USD	1 Quarter
Forfeiture of restricted units	`StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures`	$19.81K	USD	1 Quarter
Common units issued for acquisition	`StockIssuedDuringPeriodValueAcquisitions`	$92.31M	USD	1 Quarter
Unit-based compensation	`PartnersCapitalAccountUnitBasedCompensation`	$2.19M	USD	1 Quarter
Unit-based compensation	`PartnersCapitalAccountUnitBasedCompensation`	$3.17M	USD	1 Quarter
Unit-based compensation	`PartnersCapitalAccountUnitBasedCompensation`	$3.29M	USD	1 Quarter
Unit-based compensation	`PartnersCapitalAccountUnitBasedCompensation`	$3.33M	USD	1 Quarter
Unit-based compensation	`PartnersCapitalAccountUnitBasedCompensation`	$2.95M	USD	1 Quarter
Unit-based compensation	`PartnersCapitalAccountUnitBasedCompensation`	$2.98M	USD	1 Quarter
Distributions to unitholders	`PartnersCapitalAccountDistributions`	$38.61M	USD	1 Quarter
Distributions to unitholders	`PartnersCapitalAccountDistributions`	$30.81M	USD	1 Quarter
Distributions to unitholders	`PartnersCapitalAccountDistributions`	$36.30M	USD	1 Quarter
Distributions to unitholders	`PartnersCapitalAccountDistributions`	$23.97M	USD	1 Quarter
Distributions to unitholders	`PartnersCapitalAccountDistributions`	$28.08M	USD	1 Quarter
Distributions to unitholders	`PartnersCapitalAccountDistributions`	$36.93M	USD	1 Quarter
Distribution and accretion on Series A preferred units	`PartnersCapitalAccountDistributionsSeriesRedeemablePreferredUnits`	$1.04M	USD	1 Quarter
Distribution on Class B units	`DistributionMadeToLimitedPartnerCashDistributionsDeclared`	$20.85K	USD	1 Quarter
Distribution on Class B units	`DistributionMadeToLimitedPartnerCashDistributionsDeclared`	$31.60K	USD	1 Quarter
Distribution on Class B units	`DistributionMadeToLimitedPartnerCashDistributionsDeclared`	$8.21K	USD	1 Quarter
Distribution on Class B units	`DistributionMadeToLimitedPartnerCashDistributionsDeclared`	$8.21K	USD	1 Quarter
Distribution on Class B units	`DistributionMadeToLimitedPartnerCashDistributionsDeclared`	$15.48K	USD	1 Quarter
Distribution on Class B units	`DistributionMadeToLimitedPartnerCashDistributionsDeclared`	$17.61K	USD	1 Quarter
Proceeds from issuance of TGR public warrants	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	$11.50M	USD	1 Quarter
Accretion of redeemable non-controlling interest in Kimbell Tiger Acquisition Corporation	`AccretionOfRedeemableNoncontrollingInterest`	$30.18M	USD	1 Quarter
Accretion of redeemable non-controlling interest in Kimbell Tiger Acquisition Corporation	`AccretionOfRedeemableNoncontrollingInterest`	$1.74M	USD	1 Quarter
Accretion of redeemable noncontrolling interest in Kimbell Tiger Acquisition Corporation and write-off of deferred underwriting commissions	`AccretionOfRedeemableNonControllingInterestAndWriteOffOfDeferredUnderwritingCommissions`	$1.57M	USD	1 Quarter
Net income	`ProfitLoss`	$95.55M	USD	3 Qtrs
Net income	`ProfitLoss`	$8.41M	USD	1 Quarter
Net income	`ProfitLoss`	$43.29M	USD	1 Quarter
Net income	`ProfitLoss`	$43.85M	USD	1 Quarter
Net income	`ProfitLoss`	$18.48M	USD	1 Quarter
Net income	`ProfitLoss`	$28.90M	USD	1 Quarter
Net income	`ProfitLoss`	$65.18M	USD	3 Qtrs
Net income	`ProfitLoss`	$17.80M	USD	1 Quarter
Unitholders' capital, ending balance	`PartnersCapital`	$602.62M	USD	Point-in-time
Unitholders' capital, ending balance	`PartnersCapital`	$696.14M	USD	Point-in-time
Unitholders' capital, ending balance	`PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest`	$565.10M	USD	Point-in-time
Unitholders' capital, ending balance	`PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest`	$746.48M	USD	Point-in-time
Unitholders' capital, ending balance	`PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest`	$576.51M	USD	Point-in-time
Unitholders' capital, ending balance	`PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest`	$336.84M	USD	Point-in-time
Unitholders' capital, ending balance	`PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest`	$348.85M	USD	Point-in-time
Unitholders' capital, ending balance	`PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest`	$326.32M	USD	Point-in-time
Unitholders' capital, ending balance	`PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest`	$312.65M	USD	Point-in-time
Unitholders' capital, ending balance	`PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest`	$651.95M	USD	Point-in-time
Unitholders' capital, ending balance (in units)	`LimitedPartnersCapitalAccountUnitsOutstanding`	73.85M	shares	Point-in-time
Unitholders' capital, ending balance (in units)	`LimitedPartnersCapitalAccountUnitsOutstanding`	64.23M	shares	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.