Investor Presentaiton
Q2 2021 Performance Highlights
Kimbell generated -$25.1mm of discretionary cash flow in Q2 2021, yielding total unitholders ~$18.8mm in
cash distributions and -$6.3mm in expected debt paydown
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Q2'21 Snapshot
Q2 2021 Consolidated Adjusted EBITDA of $28.1mm, and increase of
8% from Q1 2021, a company record
Q2 2021 daily production of 14,011 Boe per day (1), up 2% from Q1 2021
Q2 2021 production consisted of 61% from natural gas, 26% from oil and
13% from NGLS (1)
Q2'21 Revenue by Basin(2)
Other
9%
Rockies
7%
Permian
25%
Bakken
9%
$37.6mm
Appalachia
8%
Eagle Ford
15%
Q2 2021 oil, natural gas and NGL revenues (2) of $37.6mm, an increase of
3% from Q1 2021
As of 6/30/2021, Kimbell had 50 rigs actively drilling on its acreage, an
increase of 2% from 3/31/2021, which represented approximately 11%
market share of all rigs drilling in the continental US(3)
Kimbell reaffirms its financial and operational guidance ranges for 2021
Capitalization Table(4)
Common Units Outstanding
Class B Units Outstanding
Total Units Outstanding
Unit Price
Market Capitalization
Net Debt
Series A Cumulative Convertible Preferred Units
42,916,472
17,611,579
60,528,051
$11.83
$716,046,843
$149,973,608
55,000,000
Haynesville
15%
Mid-Continent
12%
Q2'21 Production by Basin (1)
Haynesville
25%
Other
9%
Rockies
7%
Bakken
5%
14,011 Boe/d
Eagle Ford
10%
Appalachia
15%
Enterprise Value
Tax Status:
Annualized Cash Yield (6)
$921,020,451
1099-DIV/No K-1
10.5%
Permian
17%
(1)
Shown on a 6:1 basis. Q2'21 run-rate average daily production excludes prior period
production of 382 boe/d recognized in Q2'21.
(4)
Unit price and yield calculated as of 7/29/2021. All other financial and operational
information are as of 6/30/2021.
(2)
5
(3)
Q2'21 run-rate oil, natural gas and NGL revenues excludes prior period production
recognized in Q2'21. Total Q2'21 oil, natural gas and NGL revenues was $38.8 million.
Based on Kimbell rig count as of 6/30/2021 and Baker Hughes U.S. land rig count of
459 as of 7/2/2021.
(5)
A Class B unit is exchangeable together with a common unit of Kimbell's operating
company for a KRP common unit.
(6)
Reflects the annualized Q2'21 distribution.
Mid-Continent
12%
KIMBELL
ROYALTY
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