FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response... 0.5                       
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

KKR UPSTREAM ASSOCIATES LLC		 2. Issuer Name and Ticker or Trading Symbol

Kimbell Royalty Partners, LP [ KRP ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                    __X__ 10% Owner
_____ Officer (give title below)    _____ Other (specify below)
(Last)          (First)          (Middle)

, 9 WEST 57TH STREET, SUITE 4200		 3. Date of Earliest Transaction (MM/DD/YYYY)

1/27/2020
(Street)

NEW YORK, NY 10019
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
 6. Individual or Joint/Group Filing (Check Applicable Line)

___ Form filed by One Reporting Person
_ X _ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common units representing limited partner interests 1/27/2020  C(1)(2)  702071 A (1)702071 I See footnotes (3)(6)(7)
Common units representing limited partner interests 1/27/2020  C(1)(4)  47929 A (1)47929 I See footnotes (5)(6)(7)
Common units representing limited partner interests 1/28/2020  S  702071 D$14.8025 0 I See footnotes (3)(6)(7)
Common units representing limited partner interests 1/28/2020  S  47929 D$14.8025 0 I See footnotes (5)(6)(7)
Common units representing limited partner interests 1/28/2020  C(1)(2)  3897483 A (1)3897483 I See footnotes (3)(6)(7)
Common units representing limited partner interests 1/28/2020  C(1)(4)  266076 A (1)266076 I See footnotes (5)(6)(7)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)		2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)		8. Price of Derivative Security
(Instr. 5)		9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
OpCo Units  (1)1/27/2020  C (2)  702071     (1) (1)Common units representing limited partner interests 702071 $0 3897483 I See footnotes (3)(6)(7)
OpCo Units  (1)1/27/2020  C (4)  47929     (1) (1)Common units representing limited partner interests 47929 $0 266076 I See footnotes (5)(6)(7)
OpCo Units  (1)1/28/2020  C (2)  3897483     (1) (1)Common units representing limited partner interests 3897483 $0 0 I See footnotes (3)(6)(7)
OpCo Units  (1)1/28/2020  C (4)  266076     (1) (1)Common units representing limited partner interests 266076 $0 0 I See footnotes (5)(6)(7)
Explanation of Responses:
(1) Pursuant to the terms of an Exchange Agreement, dated September 23, 2018, at the request of the holder, each limited liability company unit (an "OpCo Unit") of Kimbell Royalty Operating, LLC ("OpCo"), together with a Class B common unit (a "Class B Unit") of Kimbell Royalty Partners, LP (the "Issuer"), may be redeemed for, at OpCo's election, a newly-issued common unit representing a limited partner interest of the Issuer (a "Common Unit") or the Cash Amount (as defined therein). The OpCo Units do not expire.
(2) On January 27, 2020, EIGF Aggregator III LLC ("EIGF Aggregator III") requested that 702,071 OpCo Units and 702,071 Class B Units be redeemed, and OpCo elected to redeem such securities for an aggregate of 702,071 Common Units. On January 28, 2020, EIGF Aggregator III requested that 3,897,483 OpCo Units and 3,897,483 Class B Units be redeemed, and OpCo elected to redeem such securities for an aggregate of 3,897,483 Common Units.
(3) These securities are held by EIGF Aggregator III. EIGF Aggregator LLC ("EIGF Aggregator") is the managing member of EIGF Aggregator III. KKR Energy Income and Growth Fund I L.P. ("KKR Energy Income") is the managing member of EIGF Aggregator. KKR Associates EIGF L.P. ("KKR Associates") is the general partner of KKR Energy Income.
(4) On January 27, 2020, TE Drilling Aggregator LLC ("TE Drilling Aggregator") requested that 47,929 OpCo Units and 47,929 Class B Units be redeemed, and OpCo elected to redeem such securities for an aggregate of 47,929 Common Units. On January 28, 2020, TE Drilling Aggregator requested that 266,076 OpCo Units and 266,076 Class B Units be redeemed, and OpCo elected to redeem such securities for an aggregate of 266,076 Common Units.
(5) These securities are held by TE Drilling Aggregator. KKR Energy Income and Growth Fund I-TE L.P. ("KKR Energy Income TE") is the sole member of TE Drilling Aggregator, and KKR Associates EIGF TE L.P. ("KKR Associates TE") is the general partner of KKR Energy Income TE.
(6) KKR EIGF LLC ("KKR EIGF") is the general partner of KKR Associates and the general partner of KKR Associates TE. KKR Upstream Associates LLC ("KKR Upstream Associates") is the sole member of KKR EIGF. KKR Group Partnership L.P. ("KKR Group Partnership") and KKR Upstream LLC ("KKR Upstream") are the members of KKR Upstream Associates. KKR Group Partnership is the sole member of KKR Upstream. KKR Group Holdings Corp. ("KKR Group Holdings") is the general partner of KKR Group Partnership. KKR & Co. Inc. ("KKR & Co.") is the sole shareholder of KKR Group Holdings. KKR Management LLP ("KKR Management") is the Class B shareholder of KKR & Co. Messrs. Kravis and Roberts are the founding partners of KKR Management.
(7) Each of the persons referred to in the above footnotes are collectively referred to herein as the "Reporting Persons." Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein. The filing of this statement shall not be deemed to be an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934 or otherwise, the Reporting Persons are the beneficial owners of any securities reported herein.

Remarks:
Because no more than 10 reporting persons can file any one Form 4 through the Securities and Exchange Commission's EDGAR system, certain affiliates of the Reporting Persons have filed a separate Form 4.
Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
KKR UPSTREAM ASSOCIATES LLC
9 WEST 57TH STREET, SUITE 4200
NEW YORK, NY 10019
X

EIGF AGGREGATOR III LLC
9 WEST 57TH STREET, SUITE 4200
NEW YORK, NY 10019
X

TE DRILLING AGGREGATOR LLC
9 WEST 57TH STREET, SUITE 4200
NEW YORK, NY 10019
X

EIGF AGGREGATOR LLC
9 WEST 57TH STREET, SUITE 4200
NEW YORK, NY 10019
X

KKR Energy Income & Growth Fund I L.P.
9 WEST 57TH STREET, SUITE 4200
NEW YORK, NY 10019
X

KKR Energy Income & Growth Fund I-TE L.P.
9 WEST 57TH STREET, SUITE 4200
NEW YORK, NY 10019
X

KKR ASSOCIATES EIGF L.P.
9 WEST 57TH STREET, SUITE 4200
NEW YORK, NY 10019
X

KKR ASSOCIATES EIGF TE L.P.
9 WEST 57TH STREET, SUITE 4200
NEW YORK, NY 10019
X

KKR EIGF LLC
9 WEST 57TH STREET, SUITE 4200
NEW YORK, NY 10019
X
Signatures
KKR UPSTREAM ASSOCIATES LLC By:/s/David C. RockecharlieName:David C. RockecharlieTitle: Vice President1/29/2020
**Signature of Reporting PersonDate

EIGF AGGREGATOR III LLC By:/s/David C. RockecharlieName:David C. RockecharlieTitle: Vice President1/29/2020
**Signature of Reporting PersonDate

TE DRILLING AGGREGATOR LLC By:/s/David C. RockecharlieName:David C.RockecharlieTitle: Vice President1/29/2020
**Signature of Reporting PersonDate

EIGF AGGREGATOR LLC By:/s/David C. RockecharlieName:David C.RockecharlieTitle: Vice President1/29/2020
**Signature of Reporting PersonDate

KKR ENERGY INCOME AND GROWTH FUND I L.P. By: KKR Associates EIGF L.P., its general partner By: KKR EIGF LLC, its general partner By:/s/David C. RockecharlieName:David C. RockecharlieTitle: Vice President1/29/2020
**Signature of Reporting PersonDate

KKR ENERGY INCOME & GROWTH FUND I-TE L.P. By: KKR Associates EIGF TE L.P., its general partner By: KKR EIGF LLC, its general partner By:/s/ David C. RockecharlieName:David C. RockecharlieTitle: Vice President1/29/2020
**Signature of Reporting PersonDate

KKR ASSOCIATES EIGF L.P. By: KKR EIGF LLC, its general partner By:/s/ David C. RockecharlieName:David C. RockecharlieTitle: Vice President1/29/2020
**Signature of Reporting PersonDate

KKR ASSOCIATES EIGF TE L.P. By: KKR EIGF LLC, its general partner By:/s/ David C. RockecharlieName:David C. RockecharlieTitle: Vice President1/29/2020
**Signature of Reporting PersonDate

KKR EIGF LLC By:/s/ David C. RockecharlieName:David C. RockecharlieTitle: Vice President1/29/2020
**Signature of Reporting PersonDate
Kimbell Royalty Partners (NYSE:KRP)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Kimbell Royalty Partners Charts.
Kimbell Royalty Partners (NYSE:KRP)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Kimbell Royalty Partners Charts.