Investor Presentaiton
Kimbell's Track Record Since IPO
Kimbell has returned ~32% of $18.00/unit IPO price via cash dividends in just over four years
Production Growth (Boe/d)(1)(2)
Net Royalty Acres (2)(3)
14.1 14.2 14.1
13.7 14.0
12.8 12.8 12.6
12.0 11.8
10.1
8.5
69.8 69.8 71.3 71.3
63.0
143.2 143.2 143.2 143.8 143.8 145.9 145.9 145.9 145.9 145.9
131.9
115.3 115.3
3.1 3.1 3.3 3.5 3.7 3.6
III
1Q'17 2Q'17 3Q'17 4Q'17 1Q'18 2Q'18 3Q'18 4Q'18 1Q'19 2Q'19 3Q'19 4Q'19 1Q'20 2Q'20 3Q'20 4Q'20 1Q'21 2Q'21
Distribution Growth
1Q'17 2Q'17 3Q'17 4Q'17 1Q'18 2Q'18 3Q'18 4Q'18 1Q'19 2Q'19 3Q'19 4Q'19 1Q'20 2Q'20 3Q'20 4Q'20 1Q'21 2Q'21
Cash G&A per Boe
$5.72
$5.41 $0.31
$5.14 $0.27
$4.46
$4.63
$0.17
$4.95 $0.19
$4.76
$0.13 $0.19
$7.47 $7.33
$6.99
$4.08 $0.38
$6.20
$6.40 $6.32
$3.66 $0.42
$5.65
$3.27 $0.39
$2.90 $0.37
$2.50 $0.40
$5.41
$2.05 $0.45
$4.08 $4.46
$4.63
$4.76 $4.95
$5.14
$4.50
$3.95 $3.82
$3.85
$3.66
$3.30 $3.12
$3.24
$3.26 $3.32
$3.09
$1.62 $0.43
$3.27
$2.81
$2.90
$1.20 $0.42
$2.50
$0.84 $0.36
$0.53 $0.31
$0.23 $0.30
$0.53
$0.23 $0.23
$2.05
$1.62
$1.20
$0.84
(4)
1Q'17 2Q'17 3Q'17 4Q'17 1Q'18 2Q'18 3Q'18 4Q'18 1Q'19 2Q'19 3Q'19 4Q'19 1Q'20 2Q'20 3Q'20 4Q'20 1Q'21 2Q'21
■Prior Cumulative Distributions
■Quarterly Distributions
1Q'17 2Q'17 3Q'17 4Q'17 1Q'18 2Q'18 3Q'18 4Q'18 1Q'19 2Q'19 3Q'19 4Q'19 1Q'20 2Q'20°3Q'20 4Q'20 1Q'21 2Q'21
Source: Company filings and presentations.
(1)
Shown on a 6:1 basis.
14 (2)
Shown in thousands.
(3)
Acreage numbers include mineral interests and overriding royalty interests.
(4)
Stub distribution from 2/8/2017 to 3/31/2017.
(5)
Q2'20 Cash G&A per Boe excludes the transition services agreement expense of $300,000
related to the acquisition of Springbok Energy Partners I, LLC and Springbok Energy
Partners II, LLC (collectively, "Springbok") that was incurred only during Q2'20.
KIMBELL
ROYALTY
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