$KRP
Kimbell Royalty Partners, LP

2020 Q3 Form 10-Q Financial Statement

#000155837020012891 Filed on November 05, 2020

View on sec.gov

Income Statement

Concept 2020 Q3 2019 Q3
Revenue $18.44M $32.98M
YoY Change -44.07% 79.14%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $6.111M $5.695M
YoY Change 7.31% -28.64%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $10.70M $15.10M
YoY Change -29.1% 98.66%
% of Gross Profit
Operating Expenses $6.111M $5.695M
YoY Change 7.31% -63.47%
Operating Profit -$24.96M -$27.26M
YoY Change -8.44%
Interest Expense $1.603M $1.468M
YoY Change 9.17% -179.81%
% of Operating Profit
Other Income/Expense, Net -$100.0K
YoY Change
Pretax Income -$26.37M -$28.81M
YoY Change -8.47% -3039.96%
Income Tax -$694.9K $103.0K
% Of Pretax Income
Net Earnings -$17.80M -$16.26M
YoY Change 9.44% 1790.82%
Net Earnings / Revenue -96.48% -49.31%
Basic Earnings Per Share
Diluted Earnings Per Share -$457.1K -$570.1K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2020 Q3 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $12.30M $20.30M
YoY Change -39.41% 23.03%
Cash & Equivalents $12.35M $20.30M
Short-Term Investments
Other Short-Term Assets $0.00 $2.400M
YoY Change -100.0%
Inventory
Prepaid Expenses
Receivables $17.00M $17.40M
Other Receivables $0.00 $0.00
Total Short-Term Assets $29.33M $40.10M
YoY Change -26.85% 16.23%
LONG-TERM ASSETS
Property, Plant & Equipment $1.167M $781.4M
YoY Change -99.85% 20.96%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $4.707M $2.900M
YoY Change 62.32%
Other Assets $0.00 $2.000M
YoY Change -100.0%
Total Long-Term Assets $636.1M $788.6M
YoY Change -19.34% 21.44%
TOTAL ASSETS
Total Short-Term Assets $29.33M $40.10M
Total Long-Term Assets $636.1M $788.6M
Total Assets $665.5M $828.7M
YoY Change -19.7% 21.18%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $995.6K $1.100M
YoY Change -9.49% -26.67%
Accrued Expenses $200.0K $100.0K
YoY Change 100.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $7.831M $6.800M
YoY Change 15.16% 7.94%
LONG-TERM LIABILITIES
Long-Term Debt $169.7M $91.30M
YoY Change 85.87% -38.44%
Other Long-Term Liabilities $5.600M $3.400M
YoY Change 64.71% 13.33%
Total Long-Term Liabilities $175.3M $94.70M
YoY Change 85.11% -37.41%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.831M $6.800M
Total Long-Term Liabilities $175.3M $94.70M
Total Liabilities $183.2M $412.2M
YoY Change -55.57% 11.86%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $368.1M $416.5M
YoY Change
Total Liabilities & Shareholders Equity $665.5M $828.7M
YoY Change -19.7% 21.17%

Cashflow Statement

Concept 2020 Q3 2019 Q3
OPERATING ACTIVITIES
Net Income -$17.80M -$16.26M
YoY Change 9.44% 1790.82%
Depreciation, Depletion And Amortization $10.70M $15.10M
YoY Change -29.1% 98.66%
Cash From Operating Activities $12.37M $24.84M
YoY Change -50.2% 464.55%
INVESTING ACTIVITIES
Capital Expenditures -$80.00K -$610.0K
YoY Change -86.89% -99.71%
Acquisitions
YoY Change
Other Investing Activities -$260.0K -$3.950M
YoY Change -93.42% -118.8%
Cash From Investing Activities -$340.0K -$4.560M
YoY Change -92.54% -97.6%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $2.500M
YoY Change
Cash From Financing Activities -10.95M -16.85M
YoY Change -35.01% -108.7%
NET CHANGE
Cash From Operating Activities 12.37M 24.84M
Cash From Investing Activities -340.0K -4.560M
Cash From Financing Activities -10.95M -16.85M
Net Change In Cash 1.080M 3.430M
YoY Change -68.51% -58.17%
FREE CASH FLOW
Cash From Operating Activities $12.37M $24.84M
Capital Expenditures -$80.00K -$610.0K
Free Cash Flow $12.45M $25.45M
YoY Change -51.08% -88.18%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2020Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2019Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2019Q4 krp Limited Partners Class B Capital Account Units Outstanding
LimitedPartnersClassBCapitalAccountUnitsOutstanding
25557606
CY2020Q3 krp Limited Partners Class B Capital Account Units Outstanding
LimitedPartnersClassBCapitalAccountUnitsOutstanding
20779781
CY2019Q4 us-gaap Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
23518652
CY2020Q3 us-gaap Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
38948023
CY2020Q3 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
55000
dei Entity Central Index Key
EntityCentralIndexKey
0001657788
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2020
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Amendment Flag
AmendmentFlag
false
CY2019Q4 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
110000
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2020-09-30
dei Entity Address Address Line1
EntityAddressAddressLine1
777 Taylor Street, Suite 810
dei Entity Address City Or Town
EntityAddressCityOrTown
Fort Worth
dei Entity Address State Or Province
EntityAddressStateOrProvince
TX
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
001-38005
dei Entity Registrant Name
EntityRegistrantName
Kimbell Royalty Partners, LP
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
47-5505475
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
76102
dei City Area Code
CityAreaCode
817
dei Local Phone Number
LocalPhoneNumber
945-9700
dei Security12b Title
Security12bTitle
Common Units Representing Limited Partner Interests
dei Trading Symbol
TradingSymbol
KRP
dei Security Exchange Name
SecurityExchangeName
NYSE
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
true
dei Entity Ex Transition Period
EntityExTransitionPeriod
true
dei Entity Shell Company
EntityShellCompany
false
CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
12347689
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
14204250
CY2020Q3 krp Oil And Gas Billing Receivables
OilAndGasBillingReceivables
16039385
CY2019Q4 krp Oil And Gas Billing Receivables
OilAndGasBillingReceivables
19170762
CY2019Q4 us-gaap Commodity Contract Asset Current
CommodityContractAssetCurrent
687933
CY2020Q3 krp Accounts Receivable Net Current And Other Assets Current
AccountsReceivableNetCurrentAndOtherAssetsCurrent
946937
CY2019Q4 krp Accounts Receivable Net Current And Other Assets Current
AccountsReceivableNetCurrentAndOtherAssetsCurrent
76868
CY2020Q3 us-gaap Assets Current
AssetsCurrent
29334011
CY2019Q4 us-gaap Assets Current
AssetsCurrent
34139813
CY2020Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1166660
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1327057
CY2020Q3 us-gaap Equity Method Investments
EquityMethodInvestments
4707165
CY2019Q4 us-gaap Equity Method Investments
EquityMethodInvestments
2952264
CY2020Q3 krp Unproved Oil And Gas Property Full Cost Method Gross
UnprovedOilAndGasPropertyFullCostMethodGross
235028364
CY2019Q4 krp Unproved Oil And Gas Property Full Cost Method Gross
UnprovedOilAndGasPropertyFullCostMethodGross
275041784
CY2020Q3 us-gaap Oil And Gas Property Full Cost Method Gross
OilAndGasPropertyFullCostMethodGross
1148983401
CY2019Q4 us-gaap Oil And Gas Property Full Cost Method Gross
OilAndGasPropertyFullCostMethodGross
1033355017
CY2020Q3 us-gaap Oil And Gas Property Full Cost Method Depletion
OilAndGasPropertyFullCostMethodDepletion
523403235
CY2019Q4 us-gaap Oil And Gas Property Full Cost Method Depletion
OilAndGasPropertyFullCostMethodDepletion
328913425
CY2020Q3 us-gaap Oil And Gas Property Full Cost Method Net
OilAndGasPropertyFullCostMethodNet
625580166
CY2019Q4 us-gaap Oil And Gas Property Full Cost Method Net
OilAndGasPropertyFullCostMethodNet
704441592
CY2020Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
3194116
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
3399634
CY2019Q4 us-gaap Commodity Contract Asset Noncurrent
CommodityContractAssetNoncurrent
116568
CY2020Q3 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
1469266
CY2019Q4 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
2217126
CY2020Q3 us-gaap Assets
Assets
665451384
CY2019Q4 us-gaap Assets
Assets
748594054
CY2020Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
995574
CY2019Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
1207736
CY2020Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
5842811
CY2019Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
4231579
CY2020Q3 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
992299
CY2020Q3 us-gaap Liabilities Current
LiabilitiesCurrent
7830684
CY2019Q4 us-gaap Liabilities Current
LiabilitiesCurrent
5439315
CY2020Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
2919194
CY2019Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
3124416
CY2020Q3 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
2699576
CY2020Q3 us-gaap Long Term Line Of Credit
LongTermLineOfCredit
169700653
CY2019Q4 us-gaap Long Term Line Of Credit
LongTermLineOfCredit
100135477
CY2020Q3 us-gaap Liabilities
Liabilities
183150107
CY2019Q4 us-gaap Liabilities
Liabilities
108699208
CY2020Q3 us-gaap Temporary Equity Shares Issued
TemporaryEquitySharesIssued
55000
CY2019Q4 us-gaap Temporary Equity Shares Issued
TemporaryEquitySharesIssued
110000
CY2020Q3 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
42050637
CY2019Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
74909732
CY2020Q3 us-gaap Limited Partners Capital Account Units Issued
LimitedPartnersCapitalAccountUnitsIssued
38948023
CY2019Q4 us-gaap Limited Partners Capital Account Units Issued
LimitedPartnersCapitalAccountUnitsIssued
23518652
CY2020Q3 krp Limited Partners Common Capital Account
LimitedPartnersCommonCapitalAccount
325048170
CY2019Q4 krp Limited Partners Common Capital Account
LimitedPartnersCommonCapitalAccount
282549841
CY2020Q3 krp Limited Partners Class B Capital Account Units Issued
LimitedPartnersClassBCapitalAccountUnitsIssued
20779781
CY2019Q4 krp Limited Partners Class B Capital Account Units Issued
LimitedPartnersClassBCapitalAccountUnitsIssued
25557606
CY2020Q3 krp Limited Partners Class B Capital Account
LimitedPartnersClassBCapitalAccount
1038989
CY2019Q4 krp Limited Partners Class B Capital Account
LimitedPartnersClassBCapitalAccount
1277880
CY2020Q3 us-gaap Limited Partners Capital Account
LimitedPartnersCapitalAccount
326087159
CY2019Q4 us-gaap Limited Partners Capital Account
LimitedPartnersCapitalAccount
283827721
CY2020Q3 us-gaap Partners Capital Attributable To Noncontrolling Interest
PartnersCapitalAttributableToNoncontrollingInterest
114163481
CY2019Q4 us-gaap Partners Capital Attributable To Noncontrolling Interest
PartnersCapitalAttributableToNoncontrollingInterest
281157393
CY2020Q3 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
440250640
CY2019Q4 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
564985114
CY2020Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
665451384
CY2019Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
748594054
CY2020Q3 us-gaap Unrealized Gain Loss On Commodity Contracts
UnrealizedGainLossOnCommodityContracts
-5897646
CY2019Q3 us-gaap Unrealized Gain Loss On Commodity Contracts
UnrealizedGainLossOnCommodityContracts
2506815
us-gaap Unrealized Gain Loss On Commodity Contracts
UnrealizedGainLossOnCommodityContracts
193995
us-gaap Unrealized Gain Loss On Commodity Contracts
UnrealizedGainLossOnCommodityContracts
270607
CY2020Q3 us-gaap Revenues
Revenues
18444163
CY2019Q3 us-gaap Revenues
Revenues
32978851
us-gaap Revenues
Revenues
67194568
us-gaap Revenues
Revenues
82862661
CY2020Q3 us-gaap Production Tax Expense
ProductionTaxExpense
1840607
CY2019Q3 us-gaap Production Tax Expense
ProductionTaxExpense
2236405
us-gaap Production Tax Expense
ProductionTaxExpense
4916858
us-gaap Production Tax Expense
ProductionTaxExpense
5757742
CY2020Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
10704945
CY2019Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
15098107
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
36002109
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
37690558
CY2020Q3 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
22237131
CY2019Q3 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
34880071
us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
158698835
us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
65828980
CY2020Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
2511919
CY2019Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
2332010
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
6692850
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
5938093
CY2020Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
6110846
CY2019Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
5694534
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
19500306
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
17248399
CY2020Q3 us-gaap Costs And Expenses
CostsAndExpenses
43405448
CY2019Q3 us-gaap Costs And Expenses
CostsAndExpenses
60241127
us-gaap Costs And Expenses
CostsAndExpenses
225810958
us-gaap Costs And Expenses
CostsAndExpenses
132463772
CY2020Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-24961285
CY2019Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-27262276
us-gaap Operating Income Loss
OperatingIncomeLoss
-158616390
us-gaap Operating Income Loss
OperatingIncomeLoss
-49601111
CY2020Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
292803
CY2019Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-80896
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
460360
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-80896
CY2020Q3 us-gaap Interest Expense
InterestExpense
1603006
CY2019Q3 us-gaap Interest Expense
InterestExpense
1468419
us-gaap Interest Expense
InterestExpense
4689907
us-gaap Interest Expense
InterestExpense
4332633
CY2020Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-100000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-100000
CY2020Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-26371488
CY2019Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-28811591
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-162945937
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-54014640
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-694864
CY2019Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
102997
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-694864
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
610798
CY2020Q3 us-gaap Profit Loss
ProfitLoss
-25676624
CY2019Q3 us-gaap Profit Loss
ProfitLoss
-28914588
us-gaap Profit Loss
ProfitLoss
-162251073
us-gaap Profit Loss
ProfitLoss
-54625438
CY2020Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
1577968
CY2019Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
3469584
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
6232620
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
10408752
CY2020Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-9482090
CY2019Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-16146535
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-63429454
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-33398555
CY2020Q3 krp Common Dividends Income Statement Impact
CommonDividendsIncomeStatementImpact
23141
CY2019Q3 krp Common Dividends Income Statement Impact
CommonDividendsIncomeStatementImpact
23414
krp Common Dividends Income Statement Impact
CommonDividendsIncomeStatementImpact
71089
krp Common Dividends Income Statement Impact
CommonDividendsIncomeStatementImpact
71042
CY2020Q3 krp Net Income Loss Available To Commona Stockholders Basic
NetIncomeLossAvailableToCommonaStockholdersBasic
-17795643
CY2019Q3 krp Net Income Loss Available To Commona Stockholders Basic
NetIncomeLossAvailableToCommonaStockholdersBasic
-16261051
krp Net Income Loss Available To Commona Stockholders Basic
NetIncomeLossAvailableToCommonaStockholdersBasic
-105125328
krp Net Income Loss Available To Commona Stockholders Basic
NetIncomeLossAvailableToCommonaStockholdersBasic
-31706677
us-gaap Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
87488292
CY2020Q3 us-gaap Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
-0.50
CY2019Q3 us-gaap Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
-0.73
us-gaap Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
-3.13
us-gaap Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
-1.53
CY2020Q3 us-gaap Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
-0.50
CY2019Q3 us-gaap Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
-0.73
us-gaap Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
-3.13
us-gaap Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
-1.53
CY2020Q3 us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
35423112
CY2019Q3 us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
22399748
us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
33540977
us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
20715633
CY2020Q3 us-gaap Weighted Average Limited Partnership Units Outstanding Diluted
WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
35423112
CY2019Q3 us-gaap Weighted Average Limited Partnership Units Outstanding Diluted
WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
22399748
us-gaap Weighted Average Limited Partnership Units Outstanding Diluted
WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
33540977
us-gaap Weighted Average Limited Partnership Units Outstanding Diluted
WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
20715633
CY2019Q4 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
564985114
CY2020Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
73601668
CY2020Q1 krp Conversion Of Stock Value
ConversionOfStockValue
-245678
CY2020Q1 krp Redemption Of Preferred Units
RedemptionOfPreferredUnits
-25847891
CY2020Q1 us-gaap Partners Capital Account Unit Based Compensation
PartnersCapitalAccountUnitBasedCompensation
2107587
CY2020Q1 us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
20739054
CY2020Q1 krp Partners Capital Account Distributions Series Redeemable Preferred Units
PartnersCapitalAccountDistributionsSeriesRedeemablePreferredUnits
3076684
CY2020Q1 us-gaap Distribution Made To Limited Partner Cash Distributions Declared
DistributionMadeToLimitedPartnerCashDistributionsDeclared
24807
CY2020Q1 us-gaap Profit Loss
ProfitLoss
-59784399
CY2020Q1 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
530975856
CY2020Q2 krp Equity Impact Of Restricted Units Used For Tax Withholdings
EquityImpactOfRestrictedUnitsUsedForTaxWithholdings
6259
CY2020Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
106245
CY2020Q2 us-gaap Partners Capital Account Unit Based Compensation
PartnersCapitalAccountUnitBasedCompensation
2534198
CY2020Q2 us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
10168957
CY2020Q2 krp Partners Capital Account Distributions Series Redeemable Preferred Units
PartnersCapitalAccountDistributionsSeriesRedeemablePreferredUnits
1577968
CY2020Q2 us-gaap Distribution Made To Limited Partner Cash Distributions Declared
DistributionMadeToLimitedPartnerCashDistributionsDeclared
23141
CY2020Q2 us-gaap Profit Loss
ProfitLoss
-76790050
CY2020Q2 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
472977527
CY2020Q3 krp Conversion Of Stock Value
ConversionOfStockValue
-118070
CY2020Q3 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
12614
CY2020Q3 us-gaap Partners Capital Account Unit Based Compensation
PartnersCapitalAccountUnitBasedCompensation
2446329
CY2020Q3 us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
7764799
CY2020Q3 krp Partners Capital Account Distributions Series Redeemable Preferred Units
PartnersCapitalAccountDistributionsSeriesRedeemablePreferredUnits
1577968
CY2020Q3 us-gaap Distribution Made To Limited Partner Cash Distributions Declared
DistributionMadeToLimitedPartnerCashDistributionsDeclared
23141
CY2020Q3 us-gaap Profit Loss
ProfitLoss
-25676624
CY2020Q3 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
440250640
CY2018Q4 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
592726797
CY2019Q1 krp Units Issued Value To Contributors For Oil And Natural Gas Properties
UnitsIssuedValueToContributorsForOilAndNaturalGasProperties
172020000
CY2019Q1 krp Conversion Of Stock Value
ConversionOfStockValue
-71946
CY2019Q1 us-gaap Partners Capital Account Unit Based Compensation
PartnersCapitalAccountUnitBasedCompensation
1770410
CY2019Q1 us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
15003898
CY2019Q1 krp Partners Capital Account Distributions Series Redeemable Preferred Units
PartnersCapitalAccountDistributionsSeriesRedeemablePreferredUnits
3469584
CY2019Q1 us-gaap Distribution Made To Limited Partner Cash Distributions Declared
DistributionMadeToLimitedPartnerCashDistributionsDeclared
23814
CY2019Q1 us-gaap Profit Loss
ProfitLoss
-5345363
CY2019Q1 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
742602602
CY2019Q2 krp Conversion Of Stock Value
ConversionOfStockValue
-180000
CY2019Q2 krp Equity Impact Of Restricted Units Used For Tax Withholdings
EquityImpactOfRestrictedUnitsUsedForTaxWithholdings
21036
CY2019Q2 us-gaap Partners Capital Account Unit Based Compensation
PartnersCapitalAccountUnitBasedCompensation
2112764
CY2019Q2 us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
17356606
CY2019Q2 krp Partners Capital Account Distributions Series Redeemable Preferred Units
PartnersCapitalAccountDistributionsSeriesRedeemablePreferredUnits
3469584
CY2019Q2 us-gaap Distribution Made To Limited Partner Cash Distributions Declared
DistributionMadeToLimitedPartnerCashDistributionsDeclared
23814
CY2019Q2 us-gaap Profit Loss
ProfitLoss
-20365487
CY2019Q2 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
703298839
CY2019Q3 krp Conversion Of Stock Value
ConversionOfStockValue
-21304
CY2019Q3 us-gaap Partners Capital Account Unit Based Compensation
PartnersCapitalAccountUnitBasedCompensation
1809752
CY2019Q3 us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
18796590
CY2019Q3 krp Partners Capital Account Distributions Series Redeemable Preferred Units
PartnersCapitalAccountDistributionsSeriesRedeemablePreferredUnits
3469584
CY2019Q3 us-gaap Distribution Made To Limited Partner Cash Distributions Declared
DistributionMadeToLimitedPartnerCashDistributionsDeclared
23414
CY2019Q3 us-gaap Profit Loss
ProfitLoss
-28914588
CY2019Q3 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
653883111
us-gaap Profit Loss
ProfitLoss
-162251073
us-gaap Profit Loss
ProfitLoss
-54625438
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
36002109
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
37690558
us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
158698835
us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
65828980
krp Operating Lease Right Of Use Asset Amortization
OperatingLeaseRightOfUseAssetAmortization
205518
krp Operating Lease Right Of Use Asset Amortization
OperatingLeaseRightOfUseAssetAmortization
88058
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
808534
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
783961
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
460360
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-80896
krp Forfeiture Of Restricted Units Cash Proceeds
ForfeitureOfRestrictedUnitsCashProceeds
-118859
us-gaap Share Based Compensation
ShareBasedCompensation
7088114
us-gaap Share Based Compensation
ShareBasedCompensation
5692926
us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
-4496376
us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
-878255
krp Increase Decrease In Oil And Gas Billing Receivables
IncreaseDecreaseInOilAndGasBillingReceivables
-3131377
krp Increase Decrease In Oil And Gas Billing Receivables
IncreaseDecreaseInOilAndGasBillingReceivables
-5270397
us-gaap Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
870069
us-gaap Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
389839
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-212162
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-399679
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
1611232
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
3198198
krp Operating Lease Liabilities
OperatingLeaseLiabilities
-205222
krp Operating Lease Liabilities
OperatingLeaseLiabilities
-117312
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
47924350
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
63979961
krp Payments To Acquire Property Plant And Equipment Excluding Payments To Acquire Oil And Gas Property
PaymentsToAcquirePropertyPlantAndEquipmentExcludingPaymentsToAcquireOilAndGasProperty
50737
krp Payments To Acquire Property Plant And Equipment Excluding Payments To Acquire Oil And Gas Property
PaymentsToAcquirePropertyPlantAndEquipmentExcludingPaymentsToAcquireOilAndGasProperty
829724
us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
1751951
us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
2965933
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
457410
us-gaap Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
1192432
krp Payments For Deposits On Oil And Natural Gas Properties
PaymentsForDepositsOnOilAndNaturalGasProperties
986000
krp Net Proceeds From Issuance Or Sale Of Equity
NetProceedsFromIssuanceOrSaleOfEquity
73601668
krp Proceeds From Contributions Of Class B Unitholders
ProceedsFromContributionsOfClassBUnitholders
470000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-88833570
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-5974089
krp Refund Of Class B Contributions On Converted Units
RefundOfClassBContributionsOnConvertedUnits
363747
krp Refund Of Class B Contributions On Converted Units
RefundOfClassBContributionsOnConvertedUnits
73250
krp Issuance Costs Paid On Seriesa Preferred Units
IssuanceCostsPaidOnSeriesaPreferredUnits
717612
krp Redemption Of Series Preferred Units
RedemptionOfSeriesPreferredUnits
61089600
us-gaap Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
22113488
us-gaap Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
25506173
krp Distribution Made To Operating Company Common Unitholders Cash Distributions Paid
DistributionMadeToOperatingCompanyCommonUnitholdersCashDistributionsPaid
16559322
krp Distribution Made To Operating Company Common Unitholders Cash Distributions Paid
DistributionMadeToOperatingCompanyCommonUnitholdersCashDistributionsPaid
25650921
krp Distribution Made To Series Redeemable Preferred Stock Paid
DistributionMadeToSeriesRedeemablePreferredStockPaid
3850006
krp Distribution Made To Series Redeemable Preferred Stock Paid
DistributionMadeToSeriesRedeemablePreferredStockPaid
5775000
krp Distribution Made To Class B Unitholders Paid
DistributionMadeToClassBUnitholdersPaid
71089
krp Distribution Made To Class B Unitholders Paid
DistributionMadeToClassBUnitholdersPaid
71042
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
157065176
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
3951933
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
87500000
us-gaap Payments Of Loan Costs
PaymentsOfLoanCosts
60674
us-gaap Payments Of Loan Costs
PaymentsOfLoanCosts
88776
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
-6259
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
-21036
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
39052659
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-53481877
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1856561
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
4523995
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
14204250
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
15773987
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
12347689
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
20297982
us-gaap Interest Paid Net
InterestPaidNet
3928101
us-gaap Interest Paid Net
InterestPaidNet
3572952
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
3554159
krp Non Cash Investing And Financing Activities Units Issued In Exchange For Oil And Natural Gas Properties
NonCashInvestingAndFinancingActivitiesUnitsIssuedInExchangeForOilAndNaturalGasProperties
28140093
krp Non Cash Investing And Financing Activities Units Issued In Exchange For Oil And Natural Gas Properties
NonCashInvestingAndFinancingActivitiesUnitsIssuedInExchangeForOilAndNaturalGasProperties
171550000
krp Non Cash Deemed Distribution To Temporary Equity
NonCashDeemedDistributionToTemporaryEquity
2382614
krp Non Cash Deemed Distribution To Temporary Equity
NonCashDeemedDistributionToTemporaryEquity
4633752
krp Non Cash Series Preferred Unit Redemption
NonCashSeriesPreferredUnitRedemption
25847891
krp Refund Of Class B Contributions On Converted Units In Accounts Payable
RefundOfClassBContributionsOnConvertedUnitsInAccountsPayable
200000
us-gaap Nature Of Operations
NatureOfOperations
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 10pt 0pt;"><i style="font-style:italic;">Unless the context otherwise requi</i><i style="font-style:italic;">res, references to “Kimbell Royalty Partners, LP,” the “Partnership,” or like terms refer to Kimbell Royalty Partners, LP and its subsidiaries. References to the “Operating Company” refer to Kimbell Royalty Operating, LLC. References to the “General Partner” refer to Kimbell Royalty GP, LLC. References to “Kimbell Operating” refer to Kimbell Operating Company, LLC, a wholly owned subsidiary of the General Partner. References to the “Sponsors” refer to affiliates of the Partnership’s founders, Ben J. Fortson, Robert D. Ravnaas, Brett G. Taylor and Mitch S. Wynne, respectively. References to the “Contributing Parties” refer to all entities and individuals, including certain affiliates of the Sponsors, that contributed, directly or indirectly, certain mineral and royalty interests to the Partnership. </i></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 10pt 0pt;"><b style="font-weight:bold;">NOTE 1—ORGANIZATION</b><b style="font-weight:bold;"> AND BASIS OF PRESENTATION</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 10pt 0pt;"><i style="font-style:italic;">Organization</i></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 10pt 0pt;">Kimbell Royalty Partners, LP is a Delaware limited partnership formed in 2015 to own and acquire mineral and royalty interests in oil and natural gas properties throughout the United States. Effective as of September 24, 2018, the Partnership has elected to be taxed as a corporation for United States federal income tax purposes. As an owner of mineral and royalty interests, the Partnership is entitled to a portion of the revenues received from the production of oil, natural gas and associated natural gas liquids (“NGL”) from the acreage underlying its interests, net of post-production expenses and taxes. The Partnership is not obligated to fund drilling and completion costs, lease operating expenses or plugging and abandonment costs at the end of a well’s productive life. The Partnership’s primary business objective is to provide increasing cash distributions to unitholders resulting from acquisitions from third parties, its Sponsors and the Contributing Parties and from organic growth through the continued development by working interest owners of the properties in which it owns an interest.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 10pt 0pt;"><i style="font-style:italic;">Basis of Presentation</i></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 10pt 0pt;">The accompanying unaudited interim condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and with the instructions to Form 10-Q and pursuant to the rules and regulations of the U.S. Securities and Exchange Commission. As a result, the accompanying unaudited interim condensed consolidated financial statements do not include all disclosures required for complete annual financial statements prepared in conformity with GAAP. Accordingly, the accompanying unaudited interim condensed consolidated financial statements and related notes should be read in conjunction with the Partnership’s Annual Report on Form 10-K for the year ended December 31, 2019, which contains a summary of the Partnership’s significant accounting policies and other disclosures. In the opinion of management of the General Partner, the unaudited interim condensed consolidated financial statements contain all adjustments necessary to fairly present the financial position and results of operations for the interim periods in accordance with GAAP and all adjustments are of a normal recurring nature. The results of operations for any interim period are not necessarily indicative of the results to be expected for the full year.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 10pt 0pt;">Preparation of the Partnership’s financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts in the financial statements and notes. Actual results could differ from those estimates.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 10pt 0pt;"><i style="font-style:italic;">Segment Reporting</i></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 10pt 0pt;">The Partnership operates in a <span style="-sec-ix-hidden:Hidden_wr-9rY4sKEiYfIeum1ll1Q"><span style="color:#000000;font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;text-align:justify;">single</span></span> operating and <span style="-sec-ix-hidden:Hidden_Zsvo9318CUu8Id7J2BVebw"><span style="color:#000000;font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;text-align:justify;">reportable</span></span> segment. Operating segments are defined as components of an enterprise for which separate financial information is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and assess performance. The Partnership’s chief operating decision maker allocates resources and assesses performance based upon financial information of the Partnership as a whole.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 10pt 0pt;"><i style="font-style:italic;">COVID-19 Pandemic and Impact on Global Demand for Oil and Natural Gas</i></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;">The global spread of coronavirus (“COVID-19”) created significant volatility, uncertainty, and economic disruption during the first nine months of 2020. On March 11, 2020, the World Health Organization (the “WHO”) declared </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 10pt 0pt;">the ongoing COVID-19 outbreak a pandemic and recommended containment and mitigation measures worldwide. The pandemic has reached more than 200 countries and has resulted in widespread adverse impacts on the global economy, the Partnership’s oil, natural gas, and NGL operators and other parties with whom the Partnership has business relations, including a significant reduction in the global demand for oil and natural gas. This significant decline in demand accelerated following the announcement of price reductions and production increases in March 2020 by members of the Organization of Petroleum Exporting Countries (“OPEC”) and other foreign, oil-exporting countries, raising concerns about global storage capacity. The resulting supply and demand imbalance has led to a significantly weaker outlook for oil and gas producers and is having a disruptive impact on the oil and natural gas industry.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 10pt 0pt;">The Partnership has modified certain business practices (including those related to employee travel, employee work locations, and cancellation of physical participation in meetings, events and conferences) to conform to government restrictions and best practices encouraged by the Centers for Disease Control and Prevention, the WHO and other governmental and regulatory authorities. In mid-March, the Partnership restricted access to its offices to only essential employees, and directed the remainder of its employees to work from home to the extent possible. Beginning in mid-May, the Partnership opened its offices to employees on a voluntary basis, with employees having the option to work from the office or from home. These restrictions have had minimal impact on the Partnership’s operations to date and have allowed the Partnership to maintain the engagement and connectivity of its personnel, as well as minimize the number of employees in the office.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 10pt 0pt;">The ultimate impacts of COVID-19 and the volatility currently being experienced in the oil and natural gas markets on the Partnership’s business, cash flows, liquidity, financial condition and results of operations will depend on future developments, including, among others, the ultimate geographic spread of the virus, the consequences of governmental and other measures designed to prevent the spread of the virus, the development of effective treatments, the duration of the outbreak, actions taken by members of OPEC and other foreign, oil-exporting countries, governmental authorities and other thirds parties, workforce availability, and the timing and extent to which normal economic and operating conditions resume. For additional discussion regarding the risks associated with the COVID-19 pandemic and actions announced by OPEC and other foreign, oil-exporting countries, see Part I, Item 2 Management’s Discussion and Analysis of Financial Condition and Results of Operations and Part II, Item 1A Risk Factors.</p>
CY2019Q4 us-gaap Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
804501
CY2020Q3 krp Percentage Of Daily Oil And Natural Gas Before Phillips Acquisition Hedged By Derivatives
PercentageOfDailyOilAndNaturalGasBeforePhillipsAcquisitionHedgedByDerivatives
0.33
CY2020Q2 us-gaap Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
2881223
CY2019Q2 us-gaap Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
1665887
CY2019Q4 us-gaap Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
804501
CY2018Q4 us-gaap Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
4227946
CY2020Q3 us-gaap Unrealized Gain Loss On Commodity Contracts
UnrealizedGainLossOnCommodityContracts
-5897646
CY2019Q3 us-gaap Unrealized Gain Loss On Commodity Contracts
UnrealizedGainLossOnCommodityContracts
2506815
us-gaap Unrealized Gain Loss On Commodity Contracts
UnrealizedGainLossOnCommodityContracts
193995
us-gaap Unrealized Gain Loss On Commodity Contracts
UnrealizedGainLossOnCommodityContracts
270607
CY2020Q3 krp Net Cash Received Paid On Settlements Of Derivative Instruments
NetCashReceivedPaidOnSettlementsOfDerivativeInstruments
-675452
CY2019Q3 krp Net Cash Received Paid On Settlements Of Derivative Instruments
NetCashReceivedPaidOnSettlementsOfDerivativeInstruments
-823011
krp Net Cash Received Paid On Settlements Of Derivative Instruments
NetCashReceivedPaidOnSettlementsOfDerivativeInstruments
-4690371
krp Net Cash Received Paid On Settlements Of Derivative Instruments
NetCashReceivedPaidOnSettlementsOfDerivativeInstruments
-1148862
CY2020Q3 us-gaap Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
-3691875
CY2019Q3 us-gaap Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
3349691
CY2020Q3 us-gaap Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
-3691875
CY2019Q3 us-gaap Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
3349691
CY2019Q4 us-gaap Commodity Contract Asset Current
CommodityContractAssetCurrent
687933
CY2019Q4 us-gaap Commodity Contract Asset Noncurrent
CommodityContractAssetNoncurrent
116568
CY2020Q3 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
992299
CY2020Q3 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
2699576
CY2020Q3 us-gaap Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
-3691875
CY2020Q3 krp Proved Oil And Gas Property Full Cost Method Gross
ProvedOilAndGasPropertyFullCostMethodGross
913955037
CY2019Q4 krp Proved Oil And Gas Property Full Cost Method Gross
ProvedOilAndGasPropertyFullCostMethodGross
758313233
CY2020Q3 krp Unproved Oil And Gas Property Full Cost Method Gross
UnprovedOilAndGasPropertyFullCostMethodGross
235028364
CY2019Q4 krp Unproved Oil And Gas Property Full Cost Method Gross
UnprovedOilAndGasPropertyFullCostMethodGross
275041784
CY2020Q3 us-gaap Oil And Gas Property Full Cost Method Depletion
OilAndGasPropertyFullCostMethodDepletion
523403235
CY2019Q4 us-gaap Oil And Gas Property Full Cost Method Depletion
OilAndGasPropertyFullCostMethodDepletion
328913425
CY2020Q3 us-gaap Oil And Gas Property Full Cost Method Net
OilAndGasPropertyFullCostMethodNet
625580166
CY2019Q4 us-gaap Oil And Gas Property Full Cost Method Net
OilAndGasPropertyFullCostMethodNet
704441592
CY2020Q1 krp Oil And Gas Property Transfer To Full Cost Pool
OilAndGasPropertyTransferToFullCostPool
48600000
CY2019 krp Percent Of Proved Undeveloped Reserves Of Estimated Proved Reserves
PercentOfProvedUndevelopedReservesOfEstimatedProvedReserves
0.061
CY2020Q3 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
22200000
us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
158700000
CY2019Q3 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
34900000
us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
65800000
CY2020Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y7M6D
CY2020Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0675
CY2020Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
100000
us-gaap Operating Lease Expense
OperatingLeaseExpense
400000
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
4271715
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
122003
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
480025
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
478837
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
480579
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
486323
CY2020Q3 krp Lessee Operating Lease Liability Payments Due Year Five And After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFiveAndAfterYearFive
2223948
CY2020Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1078012
CY2020Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
3193703
CY2020Q3 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
2500000
krp Temporary Equity Note Disclosure Textblock
TemporaryEquityNoteDisclosureTextblock
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 10pt 0pt;"><b style="font-weight:bold;">NOTE 9—PREFERRED UNITS</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;">In July 2018, the Partnership completed the private placement of 110,000 Series A preferred units to certain affiliates of Apollo Capital Management, L.P. (the “Series A Purchasers”) for $1,000 per Series A preferred unit, resulting in gross proceeds to the Partnership of $110.0 million. Until the conversion of the Series A preferred units into common </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 10pt 0pt;">units or their redemption, holders of the Series A preferred units are entitled to receive cumulative quarterly distributions equal to 7.0% per annum plus accrued and unpaid distributions. In connection with the issuance of the Series A preferred units, the Partnership granted holders of the Series A preferred units board observer rights beginning on the third anniversary of the original issuance date, and board appointment rights beginning the fourth anniversary of the original issuance date and in the case of events of default with respect to the Series A preferred units.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 10pt 0pt;">The Series A preferred units are convertible by the Series A Purchasers after two years at a 30% discount to the issue price, subject to certain conditions. The Partnership may redeem the Series A preferred units at any time. The Series A preferred units may be redeemed for a cash amount per Series A preferred unit equal to the product of (a) the number of outstanding Series A preferred units multiplied by (b) the greatest of (i) an amount (together with all prior distributions made in respect of such Series A preferred unit) necessary to achieve the Minimum IRR (as defined below), (ii) an amount (together with all prior distributions made in respect of such Series A preferred unit) necessary to achieve a return on investment equal to <span style="-sec-ix-hidden:Hidden_l_lNTFSL-kqwEYbR8v7JJQ"><span style="color:#000000;font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;text-align:justify;">1.2</span></span> times with respect to such Series A p<span style="font-family:'Times';">referred unit and (iii) the Series A issue price plus accrued and unpaid distributions. </span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 10pt 0pt;"><span style="font-family:'Times';">For purposes of the </span>Series A preferred units<span style="font-family:'Times';">, “Minimum IRR” means as of any measurement date: (a) prior to the fifth anniversary of the July 12, 2018 (the “Series A Issuance Date”), a </span><span style="font-family:'Times';">13.0%</span><span style="font-family:'Times';"> internal rate of return with respect to the Series A preferred units; (b) on or after the fifth anniversary of the Series A Issuance Date and prior to the sixth anniversary of the Series A Issuance Date, a </span><span style="font-family:'Times';">14.0%</span><span style="font-family:'Times';"> internal rate of return with respect to the Series A preferred units; and (c) on or after the sixth anniversary of the Series A Issuance Date, a </span><span style="font-family:'Times';">15.0%</span><span style="font-family:'Times';"> internal rate of return with respect to the Series A preferred units.</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 10pt 0pt;">On February 12, 2020, the Partnership completed the redemption of 55,000 Series A preferred units, representing 50% of the then-outstanding Series A preferred units. The Series A preferred units were redeemed at a price of $1,110.72 per Series A preferred unit for an aggregate redemption price of $61.1 million. As the consideration transferred by the Partnership to redeem the Series A preferred units was greater than 50% of the carrying value of the Series A preferred units as of the redemption date and 50% of the original intrinsic value of the beneficial conversion feature, a deemed dividend distribution of $5.7 million was taken directly to unitholders’ equity and non-controlling interest during the nine months ended September 30, 2020.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 10pt 0pt;">The following table summarizes the changes in the number of the Series A preferred units:</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;min-height:0.0pt;margin:0pt;"><span style="font-size:0pt;visibility:hidden;">​</span></p><table style="border-collapse:collapse;font-size:16pt;height:max-content;padding-left:0pt;padding-right:0pt;width:100%;"><tr style="height:1pt;"><td style="vertical-align:bottom;white-space:nowrap;width:79.55%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:2.01%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:18.42%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td></tr><tr><td style="vertical-align:bottom;white-space:nowrap;width:79.55%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="color:#0563c1;font-size:8pt;font-weight:bold;text-decoration:underline;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.01%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:8pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:18.42%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">Series A </b></p></td></tr><tr><td style="vertical-align:bottom;width:79.55%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><span style="font-size:8pt;font-weight:bold;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.01%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><span style="font-size:8pt;font-weight:bold;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:18.42%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">Preferred Units</b></p></td></tr><tr><td style="background-color:#cceeff;vertical-align:bottom;width:79.55%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;margin:0pt;">Balance at December 31, 2019</p></td><td style="background-color:#cceeff;vertical-align:bottom;white-space:nowrap;width:2.01%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:9pt;visibility:hidden;">​</span></p></td><td style="background-color:#cceeff;vertical-align:bottom;white-space:nowrap;width:18.42%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 110,000</p></td></tr><tr><td style="vertical-align:bottom;width:79.55%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;margin:0pt 0pt 0pt 12pt;">Redemption of Series A preferred units</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.01%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:9pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:18.42%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-align:right;margin:0pt;"> (55,000)</p></td></tr><tr><td style="background-color:#cceeff;vertical-align:bottom;width:79.55%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;margin:0pt;">Balance at September 30, 2020</p></td><td style="background-color:#cceeff;vertical-align:bottom;white-space:nowrap;width:2.01%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:9pt;visibility:hidden;">​</span></p></td><td style="background-color:#cceeff;vertical-align:bottom;white-space:nowrap;width:18.42%;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 55,000</p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p>
CY2020Q1 us-gaap Distribution Made To Limited Partner Distributions Declared Per Unit
DistributionMadeToLimitedPartnerDistributionsDeclaredPerUnit
0.17
CY2020Q2 us-gaap Distribution Made To Limited Partner Distributions Declared Per Unit
DistributionMadeToLimitedPartnerDistributionsDeclaredPerUnit
0.13
CY2020Q3 us-gaap Distribution Made To Limited Partner Distributions Declared Per Unit
DistributionMadeToLimitedPartnerDistributionsDeclaredPerUnit
0.19
CY2019Q1 us-gaap Distribution Made To Limited Partner Distributions Declared Per Unit
DistributionMadeToLimitedPartnerDistributionsDeclaredPerUnit
0.37
CY2019Q2 us-gaap Distribution Made To Limited Partner Distributions Declared Per Unit
DistributionMadeToLimitedPartnerDistributionsDeclaredPerUnit
0.39
CY2019Q3 us-gaap Distribution Made To Limited Partner Distributions Declared Per Unit
DistributionMadeToLimitedPartnerDistributionsDeclaredPerUnit
0.42
CY2020Q3 krp Net Income Loss Available To Commona Stockholders Basic
NetIncomeLossAvailableToCommonaStockholdersBasic
-17795643
CY2019Q3 krp Net Income Loss Available To Commona Stockholders Basic
NetIncomeLossAvailableToCommonaStockholdersBasic
-16261051
krp Net Income Loss Available To Commona Stockholders Basic
NetIncomeLossAvailableToCommonaStockholdersBasic
-105125328
krp Net Income Loss Available To Commona Stockholders Basic
NetIncomeLossAvailableToCommonaStockholdersBasic
-31706677
CY2020Q3 us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
35423112
CY2019Q3 us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
22399748
us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
33540977
us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
20715633
CY2020Q3 us-gaap Weighted Average Limited Partnership Units Outstanding Diluted
WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
35423112
CY2019Q3 us-gaap Weighted Average Limited Partnership Units Outstanding Diluted
WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
22399748
us-gaap Weighted Average Limited Partnership Units Outstanding Diluted
WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
33540977
us-gaap Weighted Average Limited Partnership Units Outstanding Diluted
WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
20715633
CY2020Q3 us-gaap Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
-0.50
CY2019Q3 us-gaap Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
-0.73
us-gaap Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
-3.13
us-gaap Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
-1.53
CY2020Q3 us-gaap Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
-0.50
CY2019Q3 us-gaap Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
-0.73
us-gaap Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
-3.13
us-gaap Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
-1.53
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-700000
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-700000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
160155
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
18.826
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
15566
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
14.097

Files In Submission

Name View Source Status
0001558370-20-012891-index-headers.html Edgar Link pending
0001558370-20-012891-index.html Edgar Link pending
0001558370-20-012891.txt Edgar Link pending
0001558370-20-012891-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
krp-20200930.xsd Edgar Link pending
krp-20200930x10q.htm Edgar Link pending
krp-20200930x10q_htm.xml Edgar Link completed
krp-20200930xex31d1.htm Edgar Link pending
krp-20200930xex31d2.htm Edgar Link pending
krp-20200930xex32d1.htm Edgar Link pending
krp-20200930xex32d2.htm Edgar Link pending
krp-20200930_cal.xml Edgar Link unprocessable
krp-20200930_def.xml Edgar Link unprocessable
krp-20200930_lab.xml Edgar Link unprocessable
krp-20200930_pre.xml Edgar Link unprocessable
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending