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EARNINGS (LOSS) PER COMMON UNIT (Tables)
6 Months Ended
Jun. 30, 2022
EARNINGS (LOSS) PER COMMON UNIT  
Schedule of earnings (loss) per unit

Three Months Ended June 30, 

Six Months Ended June 30, 

2022

2021

2022

2021

Net income attributable to common units of Kimbell Royalty Partners, LP

$

37,861,863

$

1,491,328

$

45,192,820

$

786,953

Accretion of redeemable noncontrolling interest in Kimbell Tiger Acquisition Corporation

(1,519,432)

(17,845,231)

Net income attributable to common units of Kimbell Royalty Partners, LP after accretion of redeemable noncontrolling interest in Kimbell Tiger Acquisition Corporation

36,342,431

1,491,328

27,347,589

786,953

Diluted net income attributable to common units of Kimbell Royalty Partners, LP after accretion of redeemable noncontrolling interest in Kimbell Tiger Acquisition Corporation

36,342,431

1,491,328

27,347,589

786,953

Weighted average number of common units outstanding:

Basic

55,424,930

39,312,388

50,710,073

38,507,401

Effect of dilutive securities:

Class B units

8,221,290

12,787,092

Restricted units

1,897,449

1,812,101

1,826,114

1,688,652

Diluted

65,543,669

41,124,489

65,323,279

40,196,053

Net income per unit attributable to common units of Kimbell Royalty Partners, LP

Basic

$

0.66

$

0.04

$

0.54

$

0.02

Diluted

$

0.55

$

0.04

$

0.42

$

0.02