UNITHOLDERS' EQUITY AND PARTNERSHIP DISTRIBUTIONS (Tables)

9 Months Ended

Sep. 30, 2022

Common units

Schedule of distributions approved by the Board of Directors

	Amount per		Date	Unitholder	Payment
	Common Unit		Declared	Record Date	Date
Q1 2022	$	0.47	April 22, 2022	May 2, 2022	May 9, 2022
Q2 2022	$	0.55	August 3, 2022	August 15, 2022	August 22, 2022
Q3 2022	$	0.49	November 3, 2022	November 14, 2022	November 21, 2022
Q1 2021	$	0.27	April 23, 2021	May 3, 2021	May 10, 2021
Q2 2021	$	0.31	July 23, 2021	August 2, 2021	August 9, 2021
Q3 2021	$	0.37	October 22, 2021	November 1, 2021	November 8, 2021

Common Units

Common units

Schedule of changes in Partnership's units

	Common Units
Balance at December 31, 2021	47,162,773
Conversion of Class B units	9,400,000
Common units issued under the A&R LTIP (1)	963,835
Restricted units repurchased for tax withholding	(193,604)
Forfeiture of restricted units	(1,171)
Balance at September 30, 2022	57,331,833

(1) Includes restricted units granted to certain employees, directors and consultants under the Kimbell Royalty GP, LLC 2017 Long-Term Incentive Plan on February 24, 2022.

Class B

Common units

Schedule of changes in Partnership's units

	Class B Units
Balance at December 31, 2021	17,611,579
Conversion of Class B units	(9,400,000)
Balance at September 30, 2022	8,211,579