Permrock Royalty Trust Stock Price, News & Analysis

PermRock Royalty Trust (NYSE:PRT) has declared a monthly cash distribution of $289,632.56 ($0.023807 per Trust Unit) for April 2025, based on February 2025 production. The distribution will be paid on May 14, 2025, to unitholders of record as of April 30, 2025.

Key production metrics show oil sales of 21,413 barrels (765 Bbls/D) at $70.27 per barrel, down from prior month's 22,173 barrels at $72.98. Natural gas sales reached 25,759 Mcf (920 Mcf/D) at $4.15 per Mcf, compared to previous 25,576 Mcf at $3.98.

Oil receipts decreased by $0.12 million to $1.50 million due to lower prices and volumes. Natural gas receipts increased by $0.01 million to $0.11 million. Operating expenses decreased by $0.05 million to $0.66 million, with $0.14 million in taxes and $0.05 million in capital expenses. T2S reserved $48,000 for future capital obligations.

PermRock Royalty Trust (NYSE:PRT) announced the completion of a significant transaction where Boaz Energy II, and its affiliate Boaz Energy II Royalty, (the Grantors) have sold their interests in the Trust's underlying oil and gas properties to T2S Permian Acquisition II .

The sale, which was initiated through a Purchase and Sale Agreement on January 10, 2025, includes two main components: (1) the transfer of all Grantors' rights and interests in the underlying properties, which remain subject to the net profits interest and original Conveyance agreement from May 4, 2018, and (2) the sale of Boaz Energy's 4,884,861 Trust units to Ustx , a wholly-owned subsidiary of T2S Permian.

Boaz Energy will assist in transitioning operations to the new owner, while Argent Trust Company, the Trust's trustee, will continue normal administration of the Trust.

PermRock Royalty Trust (NYSE:PRT) has announced its monthly cash distribution of $486,905.16 ($0.040022 per Trust Unit) for March 2025, based on January 2025 production. The distribution will be paid on April 14, 2025, to unitholders of record as of March 31, 2025.

Key financial highlights include:

• Oil receipts decreased by $0.07 million to $1.62 million due to lower sales volumes
• Natural gas receipts increased by $0.02 million to $0.10 million, driven by higher prices and volumes
• Operating expenses totaled $0.71 million, up $0.01 million from previous month
• Severance and ad valorem taxes were $0.15 million
• Capital expenses increased by $0.04 million to $0.06 million
• $144,000 of previously reserved funds were applied to this month's net profits calculation

PermRock Royalty Trust (NYSE:PRT) has declared a monthly cash distribution of $489,294.60 ($0.040219 per Trust Unit) for February 2025, payable on March 14, 2025. The distribution is based on December 2024 production data.

Key performance metrics show oil sales volumes increased to 24,965 barrels (805 Bbls/D) from 22,491 barrels, while natural gas volumes decreased to 25,214 Mcf (813 Mcf/D) from 28,372 Mcf. Oil prices slightly decreased to $67.55 per barrel, while natural gas prices increased to $3.12 per Mcf.

Oil cash receipts increased by $0.17 million to $1.69 million, while natural gas receipts rose by $0.01 million to $0.08 million. Operating expenses decreased by $0.27 million to $0.70 million, and capital expenses dropped by $0.03 million to $0.02 million. The Trust reserved $96,000 for future capital obligations.

PermRock Royalty Trust (NYSE:PRT) has declared a monthly cash distribution of $489,995.26 ($0.040276 per Trust Unit) for January 2025, payable on February 14, 2025. The distribution is based on November 2024 production.

Key production metrics show oil sales volumes decreased to 22,491 barrels (750 Bbls/D) from 24,938 barrels, while natural gas volumes increased slightly to 28,372 Mcf (946 Mcf/D). Average oil prices declined to $67.80 per barrel from $70.24, while natural gas prices increased to $2.53 per Mcf from $2.37.

Oil receipts decreased by $0.23 million to $1.52 million, while natural gas receipts remained stable at $0.07 million. Operating expenses increased by $0.38 million to $0.97 million. Capital expenses decreased by $0.06 million to $0.05 million due to completed recompletion projects. The Trust applied $208,000 of previously reserved funds to this month's calculation.

PermRock Royalty Trust (NYSE:PRT) announced that Boaz Energy II, and its affiliate Boaz Energy II Royalty, have entered into a Purchase and Sale Agreement with T2S Permian Acquisition II on January 10, 2025. The agreement involves the sale of Boaz Energy's interests in the Underlying Properties, which will remain subject to the Trust's Net Profits Interest, and Boaz Energy's 4,884,861 Trust units.

The transaction is expected to close in March 2025, subject to customary closing conditions. Following the closing, T2S Permian Acquisition II will become the owner and operator of the Underlying Properties while maintaining the existing Net Profits Interest arrangement. Boaz Energy will assist in the operational transition, and Argent Trust Company will continue its regular administration of the Trust.

PermRock Royalty Trust (NYSE: PRT) has declared a monthly cash distribution of $612,260.75 ($0.050326 per Trust Unit) for December 2024, payable on January 15, 2025. The distribution is based on October 2024 production. Key metrics show oil sales volumes increased to 24,938 barrels (804 Bbls/D) with an average price of $70.24 per barrel, while natural gas volumes were 27,951 Mcf (902 Mcf/D) at $2.37 per Mcf.

Oil cash receipts increased by $0.20 million to $1.75 million, while natural gas receipts rose slightly by $0.02 million to $0.07 million. Operating expenses decreased by $0.14 million to $0.59 million, and capital expenses dropped by $0.60 million to $0.11 million. Boaz Energy reserved $32,000 for future capital obligations.

PermRock Royalty Trust announced a monthly cash distribution of $368,269.31 ($0.030271 per Trust Unit) for November 2024. The distribution is based on September 2024 production. Oil sales volumes decreased to 22,464 barrels from 24,944 barrels, with prices dropping to $68.87 per barrel from $74.92. Natural gas volumes declined to 27,970 Mcf from 29,787 Mcf, with prices falling to $1.66 per Mcf from $2.00. Oil receipts decreased by $0.32 million to $1.55 million, while natural gas receipts dropped by $0.01 million to $0.05 million. Operating expenses slightly decreased to $0.73 million, and capital expenses increased by $0.30 million to $0.71 million due to drilling activities.

PermRock Royalty Trust (NYSE:PRT) has declared a monthly cash distribution of $367,645.06 ($0.030219 per Trust Unit) for record holders as of October 31, 2024, payable on November 15, 2024. This distribution is based on August 2024 production. Key highlights:

• Oil sales volume increased to 24,944 Bbls (805 Bbls/D) from 23,434 Bbls (756 Bbls/D) in the prior month
• Natural gas sales volume slightly increased to 29,787 Mcf (961 Mcf/D) from 29,276 Mcf (944 Mcf/D)
• Oil price decreased to $74.92 per Bbl from $78.98 per Bbl
• Natural gas price decreased to $2.00 per Mcf from $2.25 per Mcf

Oil cash receipts increased by $0.02 million, while natural gas cash receipts decreased by $0.01 million. Total direct operating expenses increased slightly by $0.02 million. Capital expenses decreased by $0.21 million, primarily due to the completion of a well upgrade in the Permian Platform.