Investor Presentaiton

Eagle Ford Acreage Map Permian Eagle Ford Schleicher Menard Milam Mason Llano Burnet Williamson Sutton Kimble Kerr Gillespie Blanco Edwards Kendall Val Real Comal Verde Bandera Travis Hays Caldwell Haynesville Other Basins Brazos WA MT ND Burleson Grime MN ID OR SD WI ހ WY {MIS IA NE Lee -> NV UT CO IL IN ОН -PA MO Washington, CA Wall Bastrop AZ NM AR AL GA Fayette Austin Guadalupe Bexar Gonzales Lavaca Kinney Uvalde Medina Zavala Maverick A • RIGS PERMITS • DUCS KRP Acreage Wilson De Witt Colorado • -Wharton Jackson Atascosa Kames Matagorda Victoria Goliad Calhoun immit McMullen Bee Salle Live Oak Refugio Significant exposure to the core Eagle Ford oil window Premium pricing differentials due to proximity to vast pipeline infrastructure A Webb Duval Gross Acreage Net Royalty Acreage Gross Locations (1) Net Locations (1) 624,148 6,730 1,846 17.28 Key Operators Eagle Ford Rigs on KRP Acreage 2017A Average 2018A Average 1 3 bpx energy EP ENERGY Seog resource 2019A Average 8 Zapata Jim Hogg 2020A Average 3 Brooks 2021A Average 3 Source: Enverus as of 6/30/2021. (1) 23 23 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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