Kimbell Royalty Partners, LP owns mineral and royalty interests in oil and natural gas properties across major onshore basins in the continental United States, generating revenue from royalty payments received from operators based on the sale of oil, natural gas, and natural gas liquids production without bearing drilling, completion, or operating costs. The partnership's portfolio consists of mineral interests across millions of acres and overriding royalty interests across additional acreage, with geographically diversified exposure concentrated in major producing regions. The partnership finances growth through acquisitions of additional mineral and royalty interests from third parties and sponsors, funded primarily via borrowings under a secured revolving credit facility and equity and debt issuances, and returns substantially all available cash to unitholders through quarterly distributions.