Investor Presentaiton

Sustainable PDP Reserves Kimbell has one of the best historical reserve-to-production ratios in the minerals industry (and overall energy sector) at 8.3 years 2020 Year-End PDP Reserves/Q4 2020 Annualized Daily Production (1) Years of PDP Reserves 8.3 7.2 4.6 4.4 3.7 Kimbell Peer 1 Peer 2 Peer 3 Peer 4 Source: Company filings. (1) 32 Calculation of years involves the net PDP reserves (MBoe) as of 12/31/2020, divided by the annualized Q4 2020 average daily production (MBoe). Peer list includes BSM, FLMN, MNRL and VNOM. KIMBELL ROYALTY PARTNERS

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