CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Current assets
Cash and cash equivalents	$ 34,524	$ 34,168
Oil, natural gas and NGL receivables	47,989	45,924
Derivative assets	3,773	2,404
Accounts receivable and other current assets	1,963	2,771
Total current assets	88,249	85,267
Property and equipment, net	557	267
Oil and natural gas properties
Oil and natural gas properties, using full cost method of accounting ($203,608 and $115,200 excluded from depletion at June 30, 2025 and December 31, 2024, respectively)	2,271,464	2,048,712
Less: accumulated depreciation, depletion and impairment	(1,085,279)	(1,023,890)
Total oil and natural gas properties, net	1,186,185	1,024,822
Right-of-use assets, net	4,783	3,730
Derivative assets	267	566
Loan origination costs, net	4,895	5,263
Total assets	1,284,936	1,119,915
Current liabilities
Accounts payable	3,093	6,505
Other current liabilities	13,092	5,986
Derivative liabilities		255
Total current liabilities	16,185	12,746
Operating lease liabilities, excluding current portion	4,573	3,562
Derivative liabilities	669	879
Long-term debt	462,096	239,160
Other liabilities	10	73
Total liabilities	483,533	256,420
Commitments and contingencies (Note 16)
Mezzanine equity:
Series A preferred units (162,500 and 325,000 units issued and outstanding as of June 30, 2025 and December 31, 2024)	158,395	316,002
Kimbell Royalty Partners, LP unitholders' equity:
Common units (93,396,488 units and 80,969,651 units issued and outstanding as of June 30, 2025 and December 31, 2024, respectively)	555,914	463,496
Class B units (14,491,540 units and 14,524,120 units issued and outstanding as of June 30, 2025 and December 31, 2024, respectively)	724	726
Total Kimbell Royalty Partners, LP unitholders' equity	556,638	464,222
Non-controlling interest in OpCo	86,370	83,271
Total unitholders' equity	643,008	547,493
Total liabilities, mezzanine equity and unitholders' equity	$ 1,284,936	$ 1,119,915