Welcome to our dedicated page for Permrock Royalty Trust news (Ticker: PRT), a resource for investors and traders seeking the latest updates and insights on Permrock Royalty Trust stock.
PermRock Royalty Trust (PRT) is a Delaware statutory trust whose public disclosures focus heavily on monthly cash distributions derived from its net profits interest in oil and natural gas production. The trust’s news flow is centered on detailed press releases that describe each distribution, the underlying production month, and the financial and operational factors that influenced the results.
Each distribution announcement typically includes tables of underlying oil and natural gas sales volumes and average received wellhead prices for the current and prior month. The trust reports oil and natural gas cash receipts from the properties underlying the trust, which are located in the Permian Basin of West Texas and owned and operated by T2S Permian Acquisition II LLC. These releases also summarize total direct operating expenses, including marketing, lease operating expenses, and workover expenses, as well as severance and ad valorem taxes and capital expenditures.
PermRock Royalty Trust’s news often explains changes in distribution amounts by referencing information provided by T2S. Examples include the impact of changes in oil and natural gas prices, shifts in sales volumes, adjustments in workover activity, and capital spending on wells operated by third parties. The trust has also issued news regarding the completion of a purchase and sale transaction in which Boaz Energy II, LLC and its affiliate sold their interests in the underlying properties to T2S, while the properties remained burdened by the trust’s net profits interest.
Investors and followers of PRT can use this news page to review a chronological record of distribution announcements, production metrics, and operator-reported expense and capital trends that affect the trust’s net profits interest and cash distributions.
PermRock Royalty Trust (NYSE: PRT) has announced a monthly cash distribution of $678,860.43 ($0.055801 per Trust Unit) for May 2021, payable on June 14, 2021. This distribution is based on production for March 2021. Oil cash receipts increased to $2.09 million due to higher sales volumes and prices, while natural gas receipts rose to $0.17 million. However, direct operating expenses rose to $0.72 million, and capital expenditures also increased to $0.33 million.
PermRock Royalty Trust (NYSE:PRT) announced a monthly cash distribution of $543,064.02 ($0.044638 per Trust Unit) to holders as of April 30, 2021, payable on May 14, 2021. The distribution is based on production data from February 2021. Current month oil sales were $1.61 million with a decrease attributed to reduced sales volumes during a winter storm. Natural gas receipts totaled $0.16 million, also down due to volume declines. Operating expenses rose to $0.59 million, reflecting $0.13 million increase from the prior month.
PermRock Royalty Trust (NYSE: PRT) declared a cash distribution of $566,240.02 (or $0.046543 per Trust Unit) to be paid on April 14, 2021, based on January 2021 production. The current month saw oil cash receipts of $1.76 million and natural gas receipts of $0.18 million, with increases attributed to rising prices. Total operating expenses were $0.46 million, down $0.23 million from the prior month. Capital expenditures decreased to $0.18 million. The Trust holds an 80% net profits interest in oil and gas production from properties in the Permian Basin.
PermRock Royalty Trust (NYSE:PRT) announced a cash distribution of $288,385.40, translating to $0.023704 per trust unit, for record holders as of February 26, 2021, payable on March 12, 2021. The distribution is based on December 2020 production. Oil cash receipts reached $1.56 million, while natural gas contributed $0.14 million, both showing increases attributed to rising prices. Total operating expenses increased to $0.69 million, while capital expenditures decreased to $0.28 million, reflecting reduced drilling activity. The Trust highlighted ongoing volatility in commodity prices as a significant risk factor.
PermRock Royalty Trust (NYSE:PRT) announced a monthly cash distribution of $193,802.60 ($0.015930 per Trust Unit) for record holders as of January 29, 2021, payable on February 12, 2021. This distribution is based on oil and natural gas production data from November 2020. The Trust reported an increase in oil cash receipts to $1.37 million, up $0.06 million from the prior month, and natural gas receipts rose to $0.11 million, an increase of $0.02 million. Total operating expenses for the month were $0.63 million.
PermRock Royalty Trust (NYSE:PRT) announced a monthly cash distribution of $181,440.02 ($0.014914 per Trust Unit) for record holders as of December 31, 2020, payable on January 15, 2021. This distribution is primarily based on October 2020 production. Oil cash receipts rose to $1.31 million, marking an increase of $0.09 million due to higher sales volumes, while natural gas receipts decreased to $0.09 million, down $0.02 million. Total direct operating expenses were $0.55 million, reflecting a slight decrease, while capital expenditures increased to $0.40 million.
PermRock Royalty Trust (NYSE:PRT) announced a monthly cash distribution of $247,982.07 or $0.020383 per Trust Unit to be paid on December 14, 2020. This distribution is primarily based on oil and natural gas production for September 2020. Oil cash receipts decreased to $1.22 million, down $0.19 million due to lower sales volumes and prices. Natural gas receipts remained steady at $0.11 million. Total operating expenses rose to $0.56 million, reflecting a $0.06 million increase, while capital expenditures decreased to $0.21 million.
PermRock Royalty Trust (NYSE:PRT) has declared a monthly cash distribution of $164,082.52 or $0.013487 per Trust Unit, based on August 2020 production. The distribution is payable on November 16, 2020, to record holders on October 30, 2020. Oil cash receipts totaled $1.41 million, reflecting a minor decrease of $0.02 million, while natural gas receipts rose to $0.11 million, up by $0.03 million. Total operating expenses decreased to $0.50 million. Capital expenditures increased to $0.34 million, with a portion reserved for future obligations.
PermRock Royalty Trust (NYSE:PRT) announced a cash distribution of $0.010000 per trust unit for record holders as of September 30, 2020, to be paid on October 15, 2020. The net profits calculation was based on production from July 2020, totaling $121,657, with $75,626 allocated for administrative expenses. Oil cash receipts increased to $1.43 million, up $0.04 million month-over-month, while natural gas receipts rose to $0.08 million, a $0.02 million increase. Total operating expenses were $0.69 million, reflecting an increase of $0.05 million.
PermRock Royalty Trust (NYSE: PRT) announced no cash distribution for Trust Unit holders for August 31, 2020. The decision reflects a net profit income of $45,428 intended for administrative expenses. Oil sales increased to $1.39 million as production resumed after previous shutdowns, while natural gas sales reached $0.06 million. Operational expenses rose to $0.64 million. Capital expenditures totaled $0.05 million, with funds reserved to cover future obligations. Market volatility and ongoing low commodity prices pose risks for future distributions.
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