Investor Presentaiton

Permian Basin Acreage Map Permian Chaves Eagle Ford Yoakum Lea Eddy Culberson Jeff Davis A RIGS PERMITS DUCS KRP Acreage Gaines Haynesville Other Basins Terry Lynn Garza Kent WA MT ND MN ID OR SD WI Mi Dawson Borden Scurry NE IA NV UT ILIN OH PA CO MO CA AZ NM AR AL GA Andrews Man Mitchell AA. Loving Winkler Ector Midland A Glasscock Sterling Reeves Brewster 4.Ward Orane Upton Reagan Callahan Our acreage is in the "sweet spot" of the Permian, with production achieving the best of both worlds: ✓ Stable PDP base production from our long-life, low-decline, conventional assets on the CBP, NW shelf, Eastern Shelf and Spraberry vertical units in the Midland Basin ✓ Unconventional production coming from horizontal activity in the Midland and Delaware basins Irion Gross Acreage Net Royalty Acreage Gross Locations (1) Net Locations (1) Midland Delaware 943,228 7,277 Midland 2,218 12.4 215,576 2,535 Delaware 779 6.4 Other Permian 1,403,973 13,263 Other Permian 20 0.4 Pecos Total 2,662,777 23,075 Total 3,017 19.2 Key Operators Permian Rigs on KRP Acreage 2017A Average 14 2018A Average 21 OXY NATURAL RESOURCES. PIONEER TO 2019A Average 27 2020A Average 18 2021A Average 23 Source: Enverus as of 6/30/2021. (1) 19 Assumes forecasted pricing of $55.00 / $2.75 flat. Locations include Permits, proven undeveloped (PUD), Probable, and Possible (per SPE-PRMS reserve definitions based on internal reserves database as of 3/31/2021). Excludes DUCs and small interest wells (minor properties). KIMBELL ROYALTY PARTNERS

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