Material Event (Form 8-K)

On March 6, 2026, the board of directors (the "Board") of the general partner of Kimbell Royalty Partners, LP, a Delaware limited partnership ("Kimbell") approved a common unit repurchase program (the "Repurchase Program"). The Repurchase Program allows Kimbell to acquire up to $100 million of its outstanding common units. The Repurchase Program is authorized to extend through December 31, 2027 and Kimbell intends to purchase common units under the Repurchase Program opportunistically with cash on hand, free cash flow from operations or permitted borrowings under its revolving credit facility. The Repurchase Program may be temporarily suspended, modified, extended or discontinued by the Board. Purchases under the Repurchase Program may be made from time to time in the open market in compliance with Rule 10b-18 under the Securities Exchange Act of 1934, or privately negotiated transactions, and will be subject to market conditions, applicable legal requirements, contractual obligations and other factors.