Kimbell Royalty Partners, LP — fact timeline

Kimbell Royalty Partners, LP entered into Purchase and Sale Agreement with Mesa Visa Royalties, LLC, Mesa Royalties III Holdings, LLC, Mesa Land Company, LLC valued at approximately $44 million in cash (effective 2026-05-18).

“On May 18, 2026, Kimbell Royalty Partners, LP, a Delaware limited partnership (“Kimbell”), and Kimbell Royalty Operating, LLC, a Delaware limited liability company (“OpCo” and, together with Kimbell, the “Buyer Parties”), entered into a Purchase and Sale Agreement (the “Purchase Agreement”) with Mesa Visa Royalties, LLC, a Delaware limited liability company, (“Mesa Royalties”), Mesa Royalties III Holdings, LLC, a Delaware limited liability company (“Mesa Holdings”), Mesa Land Company, LLC, a Delaware limited liability company (“Mesa Land”, and, together with Mesa Royalties and Mesa Holdings, collectively “Sellers”) to acquire certain rights, title and interests in and to certain mineral interests”

Kimbell Royalty Partners, LP reported financial results for the quarter ended March 31, 2026.

“On May 7, 2026, Kimbell Royalty Partners, LP (the "Partnership") issued a news release announcing its first quarter 2026 financial and operating results.”

Kimbell Royalty Partners, LP amended Second Amended and Restated Credit Agreement with Citibank, N.A., as administrative agent, and the several lenders party thereto valued at $1,500,000,000 (effective 2025-12-16).

“On December 16, 2025, Kimbell Royalty Partners, LP, a Delaware limited partnership (the " Partnership "), entered into a Second Amended and Restated Credit Agreement (the " Second A&R Credit Agreement "), which amended and restated the Partnership’s existing Amended and Restated Credit Agreement, dated as of June 13, 2023”

Kimbell Royalty Partners, LP reported the quarter ended March 31, 2024 results: revenue $87.5 million, net income approximately $9.3 million, EPS $0.04 per common unit. Guidance reaffirmed.

“24,678 barrels of oil equivalent (“Boe”) per day (6:1), an increase of 1.4% from Q4 2023, or 5.6% on an annualized basis · Record Q1 2024 oil, natural gas and NGL revenues of $87.5 million, an increase of 4.2% from Q4 2023 · Q1 2024 net income of approximately $9.3 million and net income attributable to common units of approximately $3.2 million, as compared to”

Kimbell Royalty Partners, LP reported the quarter ended and year ended December 31, 2023 results: revenue $83.9 million, net income $17.8 million. Guidance initiated.

“Q4 2023 oil, natural gas and NGL revenues of $83.9 million, an increase of 21.2% from Q3 2023 · Q4 2023 net income of approximately $17.8 million and net income attributable to common units of approximately $9.8 million, as compared to $18.5 million and $13.6 million, respectively, from Q3 2023”

Kimbell Royalty Partners, LP amended credit facility of $400 million to $550 million with Citibank, N.A..

“arty thereto (the “ Lenders ”) and Citibank, N.A., as administrative agent. The Second Amendment amends the Existing”

Kimbell Royalty Partners, LP amended Second Amendment with Citibank, N.A. valued at increase each of the borrowing base and aggregate elected commitments from $400 million to $550 mill (effective 2023-12-08).

“On December 8, 2023, Kimbell Royalty Partners, LP, a Delaware limited partnership (the " Partnership "), entered into Amendment No. 2 (the " Second Amendment ") to the Partnership’s existing Amended and Restated Credit Agreement”

Kimbell Royalty Partners, LP reported quarter ended September 30, 2023 results: revenue $69.2 million, net income approximately $18.5 million. Guidance raised.

“Third Quarter 2023 Highlights · Record Q3 2023 run-rate daily production of 19,777 barrels of oil equivalent (“Boe”) per day (6:1) · Includes 18 days of production from the Company’s $455.0 million acquisition from a private seller (the “Acquired Production”), which closed on September 13, 2023 with an effective production date of June 1, 2023 · Including a full Q3 2023 impact of the Acquired Production, the revenues of which will be received by the Company, run-rate production was 23,531 Boe per day (6:1) · Q3 2023 oil, natural gas and NGL revenues of $69.2 million, an increase of 21.5% from Q2 2023 · Including the Acquired Production from the effective date of June 1, 2023 through September 30, 2023, Q3 2023 oil, natural gas and NGL revenues were $86.5 million · Q3 2023 net income of approximately $18.5 million and net income attributable to common units of approximately $13.6 million, as compared to $17.8 million and $13.5 million, respectively, from Q2 2023 · Q3 2023 consolidated A”

Kimbell Royalty Partners, LP: Fifth Amended and Restated Agreement of Limited Partnership adopted, setting forth rights, preferences, privileges and other terms relating to Preferred Units (effective 2023-09-13).

“On September 13, 2023, in connection with the issuance of the Preferred Units, the General Partner amended and restated the Fourth Amended and Restated Agreement of Limited Partnership of the Partnership by executing the Fifth Amended and Restated Partnership Agreement, which sets forth, among other things, the rights, preferences, privileges and other terms relating to the Preferred Units.”

Kimbell Royalty Partners, LP completed an acquisition involving LongPoint Minerals II, LLC for approximately $455 million in cash (closed 2023-09-13).

“Agreement. The terms and provisions of the Purchase Agreement is described in the Signing 8-K. The aggregate consideration for the Acquisition consisted of approximately $455 million in cash (the “Cash Consideration”). The Partnership funded the Cash Consideration with borrowings under the Partnership’s revolving credit facility and net proceeds from the”

Kimbell Royalty Partners, LP entered into Registration Rights Agreement with Purchasers valued at Shelf registration and underwritten offering rights for Common Units issuable upon conversion of Pre (effective 2023-09-13).

“On September 13, 2023, pursuant to the terms of the Preferred Purchase Agreement, the Partnership entered into a registration rights agreement (the “Registration Rights Agreement”) with the Purchasers, pursuant to which, among other things, the Partnership has agreed to (i) prepare, file with the Commission and use its reasonable best efforts to cause to become effective within 120 days of the execution of the Registration Rights Agreement, a shelf registration statement (the “Shelf Registration Statement”) with respect to the resale of the common units representing limited partner interests in the Partnership (the “Common Units”) issuable upon conversion of the Preferred Units by the Purchasers (such Common Units being “Registrable Securities”) that would permit some or all of the Registrable Securities to be resold in registered transactions, (ii) use its reasonable best efforts to maintain the effectiveness of the Shelf Registration Statement while the Purchasers and each of their t”

Kimbell Royalty Partners, LP entered into Board Representation and Observation Agreement with Purchasers valued at Board rights granted to Preferred Unit holders (effective 2023-09-13).

“On September 13, 2023, pursuant to the Preferred Purchase Agreement, the Partnership, Kimbell Royalty GP, LLC, the general partner of the Partnership (the “General Partner”), and Kimbell GP Holdings, LLC entered into a Board Representation and Observation Agreement (the “Board Rights Agreement”) with the Purchasers.”

Kimbell Royalty Partners, LP entered into Underwriting Agreement with Citigroup Global Markets Inc., as representative of the several underwriters named in Schedule I valued at $14.00 per Common Unit (effective 2023-08-02).

“On August 2, 2023, Kimbell Royalty Partners, LP (the “Partnership”) entered into an Underwriting Agreement (the “Underwriting Agreement”), by and among the Partnership, Kimbell Royalty GP, LLC (the “General Partner”), Kimbell Royalty Operating, LLC (the “Operating Company” and, together with the Partnership and the General Partner, the “Kimbell Parties”) and Citigroup Global Markets Inc., as representative of the several underwriters named in Schedule I thereto (the “Underwriters”), providing for the offer and sale by the Partnership (the “Offering”), and the purchase by the Underwriters, of 7,250,000 common units representing limited partner interests in the Partnership (“Common Units”) at a price to the public of $14.00 per Common Unit.”

Kimbell Royalty Partners, LP entered into Purchase Agreement with LongPoint.

“the Kimbell has agreed to acquire all of the issued and outstanding membership interests in the Acquired Company owned by LongPoint pursuant to the Purchase Agreement.”

Kimbell Royalty Partners, LP reported second quarter 2023 results: revenue $57.0 million, net income approximately $17.8 million. Guidance reaffirmed.

“Q2 2023 oil, natural gas and NGL revenues of $57.0 million”

Kimbell Royalty Partners, LP reported the quarter ended June 30, 2023 results: revenue $57.0 million, net income $17.8 million. Guidance reaffirmed.

“the Acquired Production, the revenues of which will be received by the Company, run-rate production was 18,554 Boe per day (6:1) · Q2 2023 oil, natural gas and NGL revenues of $57.0 million, a decrease of 0.8% from Q1 2023, primarily attributable to a decline in realized commodity prices · Q2 2023 net income of approximately $17.8 million and net income”

Kimbell Royalty Partners, LP amended First Amendment with the several lenders party thereto and Citibank, N.A., as administrative agent (effective 2023-07-24).

“On July 24, 2023, Kimbell Royalty Partners, LP, a Delaware limited partnership (the “ Partnership ”), entered into Amendment No. 1 (the “ First Amendment ”) to the Partnership’s existing Amended and Restated Credit Agreement, dated as of June 13, 2023 (as amended or modified prior to such date, the “ Existing Credit Agreement ”), with certain subsidiaries of the Partnership, as guarantors, the several lenders party thereto (the “ Lenders ”) and Citibank, N.A., as administrative agent.”

Kimbell Royalty Partners, LP amended Amended and Restated Credit Agreement with Citibank, N.A. valued at up to $750,000,000 (effective 2023-06-13).

“On June 13, 2023, Kimbell Royalty Partners, LP, a Delaware limited partnership (the “ Partnership ”), entered into an Amended and Restated Credit Agreement (the “ A&R Credit Agreement ”), which amended and restated the Partnership’s existing Credit Agreement, dated as of January 11, 2017 (as amended on July 12, 2018, December 8, 2020, June 7, 2022 and December 15, 2022), by and among the Partnership, as borrower, certain subsidiaries of the Partnership, as guarantors, the several lenders party thereto (the “ Lenders ”) and Citibank, N.A., as administrative agent.”

Kimbell Royalty Partners, LP reported first quarter 2023 results: revenue $57.4 million, net income approximately $28.9 million, EPS $0.37 per common unit.

“Minerals (the “Acquired Production”), which is expected to close in Q2 2023 with an effective production date of April 1, 2023 · Q1 2023 oil, natural gas and NGL revenues of $57.4 million, a decrease of 10.9% from Q4 2022, primarily attributable to a decline in realized commodity prices · Q1 2023 net income of approximately $28.9 million and net income”

Kimbell Royalty Partners, LP entered into Purchase and Sale Agreement with MB Minerals, L.P., Barry K. Clark, Michael F. Dignam Jr., Thomas A. Medary, Wayne A. Psencik valued at approximately $48.8 million in cash and the issuance of (a) 5,369,218 OpCo Common Units and an equal (effective 2023-04-11).

“nd, together with Kimbell, the “Buyer Parties”), entered into a Purchase and Sale Agreement (the “Purchase Agreement”) with MB Minerals, L.P., a Delaware limited partnership (“MB Minerals”), Barry K.”

Kimbell Royalty Partners, LP amended Amendment No. 4 to Credit Agreement with certain subsidiaries of Kimbell, as guarantors, the lenders party thereto and Citibank, N.A. valued at $300.0 to $350.0 million (effective 2022-12-15).

“On December 15, 2022, Kimbell entered into Amendment No. 4 (the “Fourth Amendment”) to Kimbell’s existing Credit Agreement, dated as of January 11, 2017”

Kimbell Royalty Partners, LP entered into Registration Rights Agreement (effective 2022-12-15).

“On December 15, 2022, pursuant to the terms of the Purchase Agreement, Kimbell entered into a registration rights agreement (the “Registration Rights Agreement”) with the Seller”

Kimbell Royalty Partners, LP entered into Underwriting Agreement with Citigroup Global Markets Inc., as representative of the several underwriters named in Schedule I thereto valued at approximately $100.7 million (effective 2022-11-03).

“On November 3, 2022, Kimbell Royalty Partners, LP (the “Partnership”) entered into an Underwriting Agreement (the “Underwriting Agreement”), by and among the Partnership, Kimbell Royalty GP, LLC (the “General Partner”), Kimbell Royalty Operating, LLC (the “Operating Company” and, together with the Partnership and the General Partner, the “Kimbell Parties”) and Citigroup Global Markets Inc., as representative of the several underwriters named in Schedule I thereto (the “Underwriters”), providing for the offer and sale by the Partnership (the “Offering”), and the purchase by the Underwriters, of 6,000,000 common units representing limited partner interests in the Partnership (“Common Units”) at a price to the public of $17.75 per Common Unit. Pursuant to the Underwriting Agreement, the Partnership granted the Underwriters an option for a period of 30 days to purchase up to an additional 900,000 Common Units on the same terms. The Offering is registered under the Securities Act of 1933, a”

Kimbell Royalty Partners, LP reported the quarter ended September 30, 2022 results: revenue $73.9 million, net income $43.8 million. Guidance reaffirmed.

“Third Quarter 2022 Highlights · Record Q3 2022 run-rate daily production of 14,985 barrels of oil equivalent (“Boe”) per day (6:1), an increase of 0.2% from Q2 2022 (all organic growth); reflects an 8% increase in oil production from Q2 2022 · Q3 2022 oil, natural gas and NGL revenues of $73.9 million, a decrease of 6% from Q2 2022 primarily due to a decline in realized oil prices · Q3 2022 net income of approximately $43.8 million and net income attributable to common units of approximately $38.3 million”

Kimbell Royalty Partners, LP entered into Purchase and Sale Agreement with Hatch Royalty LLC valued at approximately $150 million in cash (effective 2022-11-03).

“On November 3, 2022, Kimbell Royalty Partners, LP, a Delaware limited partnership (“Kimbell”), and Kimbell Royalty Operating, LLC, a Delaware limited liability company (“OpCo” and, together with Kimbell, the “Buyer Parties”), entered into a Purchase and Sale Agreement (the “Purchase Agreement”) with Hatch Royalty LLC, a Delaware limited liability company, (the “Seller”) to acquire certain rights, title and interests in and to certain mineral interests”