$KRP
Kimbell Royalty Partners, LP

2022 Q2 Form 10-Q Financial Statement

#000155837022012171 Filed on August 04, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2022 Q1 2021 Q4
Revenue $72.71M $33.75M $55.68M
YoY Change 182.65% 50.56% 139.09%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $7.866M $6.589M $12.32M
YoY Change 17.67% -3.05% 16.62%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $11.27M $10.76M $11.72M
YoY Change 35.23% 36.0% -2.24%
% of Gross Profit
Operating Expenses $7.866M $6.589M $24.04M
YoY Change 17.67% -3.05% 6.64%
Operating Profit $43.91M $8.138M
YoY Change 685.93% 310.07%
Interest Expense $3.323M $2.878M -$2.090M
YoY Change 58.12% 37.36% 45.14%
% of Operating Profit 7.57% 35.36%
Other Income/Expense, Net $898.2K $3.068M $1.247M
YoY Change -1939.98% 563.06%
Pretax Income $45.10M $8.679M $30.80M
YoY Change 1115.37% 1515.63% -132.75%
Income Tax $1.800M $271.8K $74.10K
% Of Pretax Income 3.99% 3.13% 0.24%
Net Earnings $43.29M $8.407M $23.25M
YoY Change 1066.77% 1465.03% -137.37%
Net Earnings / Revenue 59.54% 24.91% 41.76%
Basic Earnings Per Share
Diluted Earnings Per Share $577.8K $160.0K $193.0K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2022 Q2 2022 Q1 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $13.32M $10.59M $7.052M
YoY Change 2.76% 30.71% -28.04%
Cash & Equivalents $13.32M $10.59M $7.052M
Short-Term Investments
Other Short-Term Assets $2.041M $2.102M $1.066M
YoY Change 920.28%
Inventory
Prepaid Expenses
Receivables $55.74M $43.88M $37.30M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $71.10M $56.57M $45.42M
YoY Change 85.98% 64.2% 60.31%
LONG-TERM ASSETS
Property, Plant & Equipment $1.234M $1.530M $1.888M
YoY Change -41.03% -27.56% -3.89%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.138M $4.560M $4.739M
YoY Change -76.87% -9.66% -7.71%
Other Assets $2.424M $6.902M $1.591M
YoY Change 234.28% 885.98%
Total Long-Term Assets $768.3M $787.5M $556.1M
YoY Change 47.44% 48.72% 3.69%
TOTAL ASSETS
Total Short-Term Assets $71.10M $56.57M $45.42M
Total Long-Term Assets $768.3M $787.5M $556.1M
Total Assets $839.4M $844.1M $601.5M
YoY Change 50.08% 49.67% 6.53%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.553M $1.894M $811.0K
YoY Change 51.02% 81.66% -8.74%
Accrued Expenses $313.7K $308.0K $302.2K
YoY Change 7.57% 2.66% 0.74%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $42.92M $48.99M $28.32M
YoY Change 49.3% 209.55% 223.04%
LONG-TERM LIABILITIES
Long-Term Debt $216.1M $226.5M $217.1M
YoY Change 32.64% 34.43% 26.52%
Other Long-Term Liabilities $385.4K $416.7K $447.9K
YoY Change -96.37% -96.31% -92.53%
Total Long-Term Liabilities $385.4K $416.7K $447.9K
YoY Change -99.78% -99.77% -99.75%
TOTAL LIABILITIES
Total Short-Term Liabilities $42.92M $48.99M $28.32M
Total Long-Term Liabilities $385.4K $416.7K $447.9K
Total Liabilities $276.2M $294.5M $252.6M
YoY Change 36.53% 50.5% 35.58%
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 $475.7M $462.6M $329.6M
YoY Change
Total Liabilities & Shareholders Equity $839.4M $844.1M $601.5M
YoY Change 50.08% 49.67% 6.53%

Cashflow Statement

Concept 2022 Q2 2022 Q1 2021 Q4
OPERATING ACTIVITIES
Net Income $43.29M $8.407M $23.25M
YoY Change 1066.77% 1465.03% -137.37%
Depreciation, Depletion And Amortization $11.27M $10.76M $11.72M
YoY Change 35.23% 36.0% -2.24%
Cash From Operating Activities $40.42M $36.03M $22.36M
YoY Change 41.93% 132.75% 56.04%
INVESTING ACTIVITIES
Capital Expenditures -$65.49K -$453.9K -$54.82M
YoY Change -80.66% -47.83% 5071.39%
Acquisitions
YoY Change
Other Investing Activities $3.423M -$236.9M $0.00
YoY Change 2625.19% -394862.43% -100.0%
Cash From Investing Activities $3.357M -$237.3M -$54.82M
YoY Change -1675.55% 29138.1% 2640.84%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $9.700M
YoY Change 177.14%
Cash From Financing Activities -43.22M 207.8M 26.81M
YoY Change 84.44% -1370.75% -280.3%
NET CHANGE
Cash From Operating Activities 40.42M 36.03M 22.36M
Cash From Investing Activities 3.357M -237.3M -54.82M
Cash From Financing Activities -43.22M 207.8M 26.81M
Net Change In Cash 562.8K 6.489M -5.646M
YoY Change -88.36% -486.12% 122.3%
FREE CASH FLOW
Cash From Operating Activities $40.42M $36.03M $22.36M
Capital Expenditures -$65.49K -$453.9K -$54.82M
Free Cash Flow $40.49M $36.49M $77.18M
YoY Change 40.49% 123.14% 401.47%

Facts In Submission

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<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” or “OpCo” 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;text-indent:36pt;margin:0pt 0pt 10pt 0pt;">On February 8, 2022, the Partnership announced the $230 million initial public offering of its special purpose acquisition company, Kimbell Tiger Acquisition Corporation (NYSE: TGR).</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 Tiger Acquisition Corporation (“TGR”) was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Kimbell Tiger Acquisition Sponsor, LLC (“TGR Sponsor”), which is a subsidiary of the Partnership, was created to assist TGR in sourcing, analyzing and consummating acquisition opportunities for that initial business combination. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 10pt 0pt;">TGR Sponsor and TGR have been consolidated in the financial statements of the Partnership beginning in the year ended December 31, 2021. This resulted in the consolidation of $238.3 million of assets, $8.5 million of liabilities, $236.9 million of redeemable noncontrolling interests and $17.8 million of common equity and $2.6 million of noncontrolling interests related to TGR and TGR Sponsor as of June 30, 2022. Further details on the impacts of the consolidation of TGR and TGR Sponsor can be found in Note 3.</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 consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“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 (the “SEC”). As a result, the accompanying unaudited interim consolidated financial statements do not include all disclosures required for complete annual financial statements prepared in conformity with GAAP. Accordingly, the accompanying unaudited interim 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, 2021 (the “2021 Form 10-K”), 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 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 accompanying unaudited interim consolidated financial statements include the accounts of the Partnership and its consolidated subsidiaries. All material intercompany balances and transactions are eliminated in consolidation. 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;margin:0pt 0pt 10pt 0pt;"><i style="font-style:italic;">Use of Estimates</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;">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_j_vb--OoLUqT3nTb6jHYfA;"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">single</span></span> operating and <span style="-sec-ix-hidden:Hidden_T72krrP-kECwf6hzVbA_VA;"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">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 0pt 10pt 0pt;">Coronavirus (“COVID-19”) remains a global health crisis and there continues to be considerable uncertainty regarding the ultimate impact of COVID-19 and its variants. Despite improvements in global economic activity levels and higher energy demand compared to 2021, the impacts of COVID-19 continue to be unpredictable, including the impacts of new virus strains, the risk of renewed restrictions and the uncertainty of successful administration of effective treatments and vaccines. The Partnership is unable to reasonably estimate the period of time that related conditions could exist or the extent to which they could impact the Partnership’s business, results of operations, financial condition or cash flows. Commodity prices have risen from 2021; however, further negative impacts from COVID-19 may require the Partnership to adjust its business plan.</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 impact of COVID-19 and the volatility in the oil and natural gas markets on the Partnership’s business, cash flows, liquidity, financial condition and results of operations remain dependent on a number of factors, such as the duration and scope of the pandemic, the length and severity of the worldwide economic downturn, the ability of the Organization of Petroleum Exporting Countries, Russia and other crude oil producing nations to manage the global crude oil supply, additional actions by businesses and governments in response to the pandemic, the economic downturn and the decrease in crude oil demand, the speed and effectiveness of responses to combat the virus and the time necessary to balance crude oil supply and demand to restore crude oil pricing. Although prices have recovered, the ongoing impact of COVID-19 on our business, employees and operations, including supply chain concerns, among others still continues to affect our industry.</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;">Russia / Ukraine Conflict</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;">In February 2022, Russia invaded Ukraine and is still engaged in active armed conflict against the country. The conflict and the sanctions imposed in response have led to regional instability and caused dramatic fluctuations in global financial markets and have increased the level of global economic and political uncertainty, including uncertainty about world-wide oil supply and demand, which in turn has increased volatility in commodity prices.</p>
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<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;">Use of Estimates</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;">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>
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ImpairmentOfOilAndGasProperties
0
CY2021Q2 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
0
us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
0
CY2022Q2 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
0
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y10M9D
us-gaap Weighted Average Limited Partnership Units Outstanding Diluted
WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
40196053
CY2022Q2 us-gaap Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
0.66
krp Accretion Of Redeemable Noncontrolling Interest In Kimbell Tiger Acquisition Corporation
AccretionOfRedeemableNoncontrollingInterestInKimbellTigerAcquisitionCorporation
17845231
CY2022Q2 krp Net Income Loss Attributable To Common Units Of Kimbell Royalty Partners Lp After Accretion Of Redeemable Noncontrolling Interest In Kimbell Tiger Acquisition Corporation
NetIncomeLossAttributableToCommonUnitsOfKimbellRoyaltyPartnersLpAfterAccretionOfRedeemableNoncontrollingInterestInKimbellTigerAcquisitionCorporation
36342431
CY2021Q2 krp Net Income Loss Attributable To Common Units Of Kimbell Royalty Partners Lp After Accretion Of Redeemable Noncontrolling Interest In Kimbell Tiger Acquisition Corporation
NetIncomeLossAttributableToCommonUnitsOfKimbellRoyaltyPartnersLpAfterAccretionOfRedeemableNoncontrollingInterestInKimbellTigerAcquisitionCorporation
1491328
krp Net Income Loss Attributable To Common Units Of Kimbell Royalty Partners Lp After Accretion Of Redeemable Noncontrolling Interest In Kimbell Tiger Acquisition Corporation
NetIncomeLossAttributableToCommonUnitsOfKimbellRoyaltyPartnersLpAfterAccretionOfRedeemableNoncontrollingInterestInKimbellTigerAcquisitionCorporation
27347589
krp Net Income Loss Attributable To Common Units Of Kimbell Royalty Partners Lp After Accretion Of Redeemable Noncontrolling Interest In Kimbell Tiger Acquisition Corporation
NetIncomeLossAttributableToCommonUnitsOfKimbellRoyaltyPartnersLpAfterAccretionOfRedeemableNoncontrollingInterestInKimbellTigerAcquisitionCorporation
786953
CY2021Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
100000
CY2022Q2 krp Net Income Loss Available To Common Class Stockholders Diluted
NetIncomeLossAvailableToCommonClassStockholdersDiluted
36342431
CY2021Q2 krp Net Income Loss Available To Common Class Stockholders Diluted
NetIncomeLossAvailableToCommonClassStockholdersDiluted
1491328
krp Net Income Loss Available To Common Class Stockholders Diluted
NetIncomeLossAvailableToCommonClassStockholdersDiluted
27347589
CY2021Q2 us-gaap Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
0.04
us-gaap Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
0.54
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
3443687
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
243227
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
487787
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
488725
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
497033
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
507648
CY2022Q2 krp Lessee Operating Lease Liability Payments Due Year Five And After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFiveAndAfterYearFive
1219267
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
728435
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
2715252
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
37200000
CY2022Q1 us-gaap Distribution Made To Limited Partner Distributions Declared Per Unit
DistributionMadeToLimitedPartnerDistributionsDeclaredPerUnit
0.47
CY2022Q2 us-gaap Distribution Made To Limited Partner Distributions Declared Per Unit
DistributionMadeToLimitedPartnerDistributionsDeclaredPerUnit
0.55
CY2021Q1 us-gaap Distribution Made To Limited Partner Distributions Declared Per Unit
DistributionMadeToLimitedPartnerDistributionsDeclaredPerUnit
0.27
CY2021Q2 us-gaap Distribution Made To Limited Partner Distributions Declared Per Unit
DistributionMadeToLimitedPartnerDistributionsDeclaredPerUnit
0.31
CY2022Q2 krp Net Income Loss Available To Commona Stockholders Basic
NetIncomeLossAvailableToCommonaStockholdersBasic
37861863
CY2021Q2 krp Net Income Loss Available To Commona Stockholders Basic
NetIncomeLossAvailableToCommonaStockholdersBasic
1491328
krp Net Income Loss Available To Commona Stockholders Basic
NetIncomeLossAvailableToCommonaStockholdersBasic
45192820
krp Net Income Loss Available To Commona Stockholders Basic
NetIncomeLossAvailableToCommonaStockholdersBasic
786953
CY2022Q2 krp Accretion Of Redeemable Noncontrolling Interest In Kimbell Tiger Acquisition Corporation
AccretionOfRedeemableNoncontrollingInterestInKimbellTigerAcquisitionCorporation
1519432
krp Net Income Loss Available To Common Class Stockholders Diluted
NetIncomeLossAvailableToCommonClassStockholdersDiluted
786953
CY2022Q2 us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
55424930
CY2021Q2 us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
39312388
us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
50710073
us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
38507401
us-gaap Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
0.02
CY2022Q2 us-gaap Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
0.55
CY2021Q2 us-gaap Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
0.04
us-gaap Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
0.42
us-gaap Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
0.02
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1800000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2100000
CY2022Q2 us-gaap Due From Related Parties
DueFromRelatedParties
25000
CY2022Q2 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
75000
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
118750

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