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Permian Unconventional Upside Overview Permian Delaware Core Area(s) - Eagle Ford CO NM KS Eddy Lea Andrews A Active Rigs Other Rigs KRP Permits son KRP DUCS KRP Acreage Midland Core Area(s) Gaines Loving Winkler eves Dawson Borden BR CO KS MO OK NM MO TAR Haynesville Other Basins Defining Basin Potential and Inventory Permian development spacing defined by geology and development trends by surrounding operators Average of 12.0 gross wells/DSU(1) Only zones annotated by a star were quantified Potential for additional upside in other formations not quantified 3,017 gross/19.2 net (100% NRI) upside locations remain in undrilled inventory(2) 302 gross / 0.6 net DUCs have been identified on KRP's major acreage (3) Delaware Spacing (core areas) Midland Spacing (core areas) 1-2 miles 1 mile 640-1,280 acre DSU Unquantified Upside Unquantified Upside Unquantified Upside Unquantified Upside Brushy Canyon Avalon 1st BS 2nd BS 3rd BS 1-2 miles 1 mile 640-1,280 acre DSU Unquantified Upside Unquantified Upside Unquantified Upside Unquantified Upside Clearfork Upper Spraberry Mid Spraberry Jo Mill Andrews Mag Howard Mitchell Nolan A. • Ector Midla Coke Glasscock Sterling A Winkler Active Rigs 0 Other Rigs Tom Green KRP Permits rane KRP DUCS Aon Reagan Irion KRP Acreage Unquantified Upside Unquantified Upside WC XY WC A WC B Lower WC Basin Contribution to KRP Portfolio Unquantified Upside Unquantified Upside 23 rigs running on KRP's Permian acreage as of June 30, 2021 Lower Spraberry WC A WC B WC C WC D Permian production represents 17% of the 2Q 2021 portfolio (Boe 6:1) Industry-wide rig count growing alongside improvements in oil pricing, with an emphasis in the Permian Basin. KRP's Permian exposure, specifically in the Midland Basin, will continue to benefit with activity Permian is currently 46% of KRP's total rig inventory, and 31% of net DUC and Permit inventory(3) Source: Enverus as of 6/30/2021. Gross horizontal wells per DSU from internal reserves database as of 3/31/2021, DSU sizes vary. (1) 22 22 (2) As of 3/31/2021. (3) As of 6/30/2021. KIMBELL ROYALTY PARTNERS

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