PermRock Royalty Trust Declares Monthly Cash Distribution

Q: When are the record date and payment date for the September 2026 PermRock Royalty Trust distribution?

Trust Unitholders of record as of September 30, 2026 are entitled to the distribution, which is scheduled to be paid on October 15, 2026.

Q: How has PermRock changed the presentation of salt water disposal income?

Beginning with this month, salt water disposal income is presented as part of other revenue, which totaled $0.11 million, whereas previously it was reflected as an offset to lease operating expenses.

Q: What made up the capital expenditures in the current month for the properties underlying the Trust?

Capital expenditures of $116,596 primarily reflected tangible completion costs, including approximately $51,000 of plugging costs and $63,000 of capital workover costs, along with intangible completion costs, partially offset by a credit to tangible drilling costs.

Q: How were previously reserved funds used in this month’s net profits calculation?

The net profits calculation included a net release of $62,500 from funds previously reserved by T2S, consisting of a $125,000 release of funds held for workovers, partially offset by a $62,500 holdback for future ad valorem taxes.

The latest payout reflects lower oil prices and volumes, modestly higher gas receipts, steady operating costs, and a net reserve release.

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Rhea-AI Summary

PermRock Royalty Trust (PRT) declared a monthly cash distribution of $238,742.30, or $0.0196242 per Trust Unit, to holders of record on September 30, 2026, payable on October 15, 2026, based principally on July 2026 production.

Underlying July oil sales volumes were 15,632 Bbls at an average wellhead price of $79.81 per Bbl, versus 16,087 Bbls at $88.13 in the prior month. Natural gas volumes were 19,662 Mcf at $1.16 per Mcf, compared with 19,905 Mcf at $0.64 previously. Oil cash receipts were $1.25 million, down $0.17 million, which T2S attributed mainly to lower oil prices and volumes. Natural gas cash receipts were $0.02 million, up about $0.01 million on higher gas prices, and other revenue totaled $0.11 million, now including salt water disposal income.

Total direct operating expenses were $0.66 million, essentially flat, while severance and ad valorem taxes were $0.06 million, down about $0.01 million. Capital expenditures were $116,596, and the net profits calculation included a $62,500 net release from previously reserved funds.

Positive

Monthly cash distribution of $238,742.30, or $0.0196242 per Trust Unit
Natural gas cash receipts rose by about $0.01 million to $0.02 million
Severance and ad valorem taxes fell by approximately $0.01 million to $0.06 million
Net release of reserved funds of $62,500 in the current net profits calculation
Total direct operating expenses stable at $0.66 million versus prior month

Negative

Oil cash receipts declined by $0.17 million to $1.25 million
Average oil price fell from $88.13 to $79.81 per Bbl versus prior month
Oil volumes decreased from 16,087 Bbls to 15,632 Bbls
Capital expenditures of $116,596, including about $51,000 of plugging costs

News Explained

The September distribution is declared, and PermRock Royalty Trust’s structure means it represents 80% of net profits from oil and natural-gas production on properties owned and operated by T2S.

Market Context

Pre-headline, PRT was down 1.67%; the announced $0.0196242 monthly distribution followed five prior ...

Analysis

Pre-headline, PRT was down 1.67%; the announced $0.0196242 monthly distribution followed five prior monthly distribution notices, providing a directly comparable record of recurring payout announcements without a stated changed term.

Key Figures

Total cash distribution: $238,742.30 Distribution per Trust Unit: $0.0196242 Record date: September 30, 2026 +5 more

Total cash distribution: $238,742.30; September 2026 monthly distribution
Distribution per Trust Unit: $0.0196242; September 2026 monthly distribution
Record date: September 30, 2026; Trust unit holders eligible for the distribution
Payment date: October 15, 2026; Scheduled distribution payment
Oil sales volume: 15,632 Bbls; Current month
Natural gas sales volume: 19,662 Mcf; Current month
Oil cash receipts: $1.25 million; Current month; down $0.17 million from the prior distribution period
Capital expenditures: $116,596; Current month

Historical Context

5 past events · Latest: Aug 21

5 events

Aug 21
Monthly distribution

24h Move

-1.8%

Monthly cash distribution declared based on June production
Jul 21
Monthly distribution

24h Move

-4.1%

Monthly cash distribution declared based on May production
Jun 18
Monthly distribution

24h Move

+5.0%

Monthly cash distribution declared based on April production
May 18
Monthly distribution

24h Move

-3.8%

Monthly cash distribution declared based on March production
Apr 20
Monthly distribution

24h Move

-0.7%

Monthly cash distribution declared based on February production

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

net profits interest, wellhead prices, ad valorem taxes, capital expenditures

4 terms

net profits interest financial

"representing the right to receive 80% of the net profits"

A net profits interest (NPI) is a contractual right to receive a fixed percentage of a project’s or asset’s profits after allowable costs are paid, rather than a share of gross revenue or ownership. For investors, it matters because it gives upside tied to actual profitability while shielding the holder from direct operating expenses and capital calls, similar to getting a portion of the leftover profits from a business after the bills are settled.

wellhead prices technical

"average received wellhead prices attributable to the current and prior month"

Wellhead prices are the amount a producer receives for oil or natural gas right at the production site, before costs like transportation, processing, or taxes are added or subtracted. Investors watch them because they directly determine a producer’s revenue and profit margin much like the price a farmer gets at the farm gate affects farm income—changes at the source can ripple through cash flow, valuation, and dividend or investment decisions.

ad valorem taxes financial

"a holdback for future ad valorem taxes"

Ad valorem taxes are charges calculated as a percentage of an item's or property's assessed value, for example a tax on a home's market price or on the value of imported goods. Investors care because these taxes increase the cost of owning assets or selling products and can reduce returns and cash flow; think of them as a toll that grows when the underlying value rises, affecting valuations and planning.

capital expenditures financial

"Capital expenditures were $116,596 for the current month."

Capital expenditures are the money a company spends to buy or improve big assets like buildings, equipment, or machines that will last a long time. These investments matter because they help the company grow and operate more efficiently, similar to how upgrading a home’s appliances or adding a new room can make it better and more valuable.

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09/18/2026 - 09:07 AM

DALLAS, Sept. 18, 2026 /PRNewswire/ -- PermRock Royalty Trust (NYSE: PRT) (the "Trust") today declared a monthly cash distribution to record holders of its trust units representing beneficial interests in the Trust ("Trust Units") as of September 30, 2026, and payable on October 15, 2026, in the amount of $238,742.30 ($0.0196242 per Trust Unit), based principally upon production during the month of July 2026.

The following table displays underlying oil and natural gas sales volumes and average received wellhead prices attributable to the current and prior month net profits interest calculations:

	Underlying Sales Volumes				Average Price
	Oil		Natural Gas		Oil	Natural Gas
	Bbls	Bbls/D	Mcf	Mcf/D	(per Bbl)	(per Mcf)
Current Month	15,632	504	19,662	634	$79.81	$1.16
Prior Month	16,087	536	19,905	664	$88.13	$0.64

Oil cash receipts for the properties underlying the Trust totaled $1.25 million for the current month, a decrease of $0.17 million from the prior month's distribution period. T2S Permian Acquisition II LLC ("T2S") informed the Trust that this decrease was primarily due to decreases in oil sales prices and oil sales volumes. Natural gas cash receipts for the properties underlying the Trust totaled $0.02 million for the current month, an increase of approximately $0.01 million from the prior month's distribution period, primarily due to an increase in natural gas sales prices. Other revenue totaled $0.11 million for the current month, including salt water disposal income, which was previously reflected as an offset to lease operating expenses and, beginning this month, will instead be presented as other revenue.

Total direct operating expenses, including marketing, lease operating expenses, and workover expenses, were $0.66 million, essentially unchanged from the prior month's distribution period.

Severance and ad valorem taxes included in this month's net profits calculation were $0.06 million, a decrease of approximately $0.01 million from the prior month's distribution period. T2S informed the Trust that this decrease was primarily due to a decrease in severance taxes.

Capital expenditures were $116,596 for the current month. T2S informed the Trust that this amount primarily reflected tangible completion costs, including approximately $51,000 of plugging costs and $63,000 of capital workover costs, as well as intangible completion costs, partially offset by a credit to tangible drilling costs.

T2S informed the Trust that this month's net profits calculation included a net release of $62,500 from funds previously reserved by T2S, consisting of a $125,000 release of funds previously held for workovers, partially offset by a $62,500 holdback for future ad valorem taxes.

About PermRock Royalty Trust

PermRock Royalty Trust is a Delaware statutory trust formed to own a net profits interest representing the right to receive 80% of the net profits from the sale of oil and natural gas production from certain properties owned and operated by T2S in the Permian Basin of West Texas. For more information on PermRock Royalty Trust, please visit our website at www.permrock.com.

Cautionary Statement Concerning Forward-Looking Statements

Certain statements contained in this press release constitute "forward-looking statements." These forward-looking statements represent the Trust's and T2S's expectations or beliefs concerning future events, and it is possible that the results described in this press release will not be achieved. These forward-looking statements include the amount and date of any anticipated distribution to unitholders, future cash retentions, advancements or recoupments from distributions, and statements regarding T2S's operations and the resulting impact on the computation of the Trust's net profits. The amount of cash received or expected to be received by the Trust (and its ability to pay distributions) has been and will continue to be directly affected by volatility in commodity prices and oversupply. Other important factors that could cause actual results to differ materially from those projected in the forward-looking statements include expenses of the Trust and reserves for anticipated future expenses, uncertainties in estimating the cost of drilling activities and risks associated with drilling and operating oil and natural gas wells.

Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, the Trust does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for the Trust to predict all such factors. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in the Trust's Annual Report on Form 10-K filed with the SEC on March 27, 2026, and other public filings filed with the SEC. The risk factors and other factors noted in the Trust's public filings with the SEC could cause its actual results to differ materially from those contained in any forward-looking statement. The Trust's filed reports are or will be available over the Internet at the SEC's website at http://www.sec.gov.

Contact:	PermRock Royalty Trust
	Argent Trust Company, Trustee
	Nancy Willis, Director of Royalty Trust Services,
	Trust Administrator
	Toll-free: (855) 588-7839
	Fax: (214) 559-7010
	Website: www.permrock.com
	e-mail: trustee@permrock.com

View original content:https://www.prnewswire.com/news-releases/permrock-royalty-trust-declares-monthly-cash-distribution-302883272.html

SOURCE PermRock Royalty Trust

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

When are the record date and payment date for the September 2026 PermRock Royalty Trust distribution?

Trust Unitholders of record as of September 30, 2026 are entitled to the distribution, which is scheduled to be paid on October 15, 2026.

Which production period underlies this PermRock Royalty Trust distribution?

The September 2026 distribution is based principally upon oil and natural gas production during the month of July 2026.

How has PermRock changed the presentation of salt water disposal income?

Beginning with this month, salt water disposal income is presented as part of other revenue, which totaled $0.11 million, whereas previously it was reflected as an offset to lease operating expenses.

What made up the capital expenditures in the current month for the properties underlying the Trust?

Capital expenditures of $116,596 primarily reflected tangible completion costs, including approximately $51,000 of plugging costs and $63,000 of capital workover costs, along with intangible completion costs, partially offset by a credit to tangible drilling costs.

How were previously reserved funds used in this month’s net profits calculation?

The net profits calculation included a net release of $62,500 from funds previously reserved by T2S, consisting of a $125,000 release of funds held for workovers, partially offset by a $62,500 holdback for future ad valorem taxes.

What net profits interest does PermRock Royalty Trust hold in the underlying properties?

The Trust owns a net profits interest representing the right to receive 80% of the net profits from the sale of oil and natural gas production from certain properties owned and operated by T2S in the Permian Basin of West Texas.

PermRock Royalty Trust Declares Monthly Cash Distribution