UNITHOLDERS' EQUITY AND PARTNERSHIP DISTRIBUTIONS (Tables)

3 Months Ended

Mar. 31, 2020

Common units

Schedule of distributions approved by the Board of Directors

	Amount per		Date	Unitholder	Payment
	Common Unit		Declared	Record Date	Date
Q1 2020	$	0.17	April 24, 2020	May 4, 2020	May 11, 2020
Q1 2019	$	0.37	April 26, 2019	May 6, 2019	May 13, 2019

Common Units

Common units

Schedule of changes in Partnership's units

	Common Units
Balance at December 31, 2019	23,518,652
Common units issued for equity offering	5,000,000
Conversion of Class B units	4,913,559
Common units issued under the LTIP (1)	946,638
Balance at March 31, 2020	34,378,849

(1) Includes restricted units granted to certain employees, directors and consultants under the Kimbell Royalty GP, LLC 2017 Long-Term Incentive Plan (as amended, the “LTIP”) on February 28, 2020.

Class B

Common units

Schedule of changes in Partnership's units

	Class B Units
Balance at December 31, 2019	25,557,606
Conversion of Class B units	(4,913,559)
Balance at March 31, 2020	20,644,047