PermRock Royalty Trust Declares Monthly Cash Distribution

Rhea-AI Summary

PermRock Royalty Trust (NYSE: PRT) declared a monthly cash distribution of $5,756.78 total (equivalent to $0.000473 per Trust Unit) to holders of record April 30, 2026, payable May 14, 2026, based principally on February 2026 production.

Underlying metrics: oil volumes rose to 13,416 bbls (from 12,110), oil receipts were $0.82M, natural gas volumes fell to 18,797 Mcf (from 34,753), total operating expenses were $0.45M, severance/ad valorem taxes were $0.04M, and no capital expenditures were reported.

Positive

• Distribution declared of $5,756.78 total ($0.000473/unit)
• Oil volume +10.8% month-over-month (13,416 vs 12,110 bbls)
• Oil cash receipts +$0.13M month-over-month (total $0.82M)
• Severance/ad valorem taxes -50% month-over-month ($0.04M)

Negative

• Natural gas volumes -45.9% month-over-month (18,797 vs 34,753 Mcf)
• Total operating expenses +32.4% month-over-month ($0.45M, +$0.11M)

News Market Reaction – PRT

-0.67%

-0.67% Session close to close

In the Apr 20 session, PRT declined 0.67%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement details a routine monthly distribution based on February 2026 production, with tot...

Analysis

This announcement details a routine monthly distribution based on February 2026 production, with total cash of $5,756.78, or $0.000473 per unit. Oil receipts increased to $0.82 million on higher volumes and prices, while natural gas receipts were $0.03 million. Direct operating expenses rose to $0.45 million, and severance and ad valorem taxes were $0.04 million. Investors may watch future releases for trends in volumes, operating costs, and resulting distributable cash.

Key Figures

Total distribution: $5,756.78 Per-unit distribution: $0.000473 per Trust Unit Record date: April 30, 2026 +5 more

8 metrics

Total distribution $5,756.78 Monthly cash distribution based on February 2026 production

Per-unit distribution $0.000473 per Trust Unit Monthly cash distribution to record holders on April 30, 2026

Record date April 30, 2026 Unitholders of record eligible for May 14, 2026 distribution

Payment date May 14, 2026 Scheduled payment of monthly cash distribution

Oil volume 13,416 Bbls Current month underlying oil sales volumes

Natural gas volume 18,797 Mcf Current month underlying natural gas sales volumes

Oil price $60.96 per Bbl Current month average received wellhead oil price

Operating expenses $0.45 million Total direct operating expenses for current distribution month

Historical Context

5 past events · Latest: Mar 20 (Neutral)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Mar 20	Monthly distribution	Neutral	-2.1%	Announced January 2026-based cash distribution with lower oil receipts and expenses.
Feb 17	Monthly distribution	Neutral	-5.8%	Declared December 2025-based distribution with higher oil volumes and expenses.
Jan 20	Monthly distribution	Neutral	-1.6%	Announced November 2025-based payout with mixed volume and pricing trends.
Dec 19	Monthly distribution	Neutral	+0.0%	Declared October 2025-based distribution with detailed volumes and prices.
Nov 17	Monthly distribution	Neutral	+1.0%	Announced September 2025-based payout with lower volumes but solid oil pricing.

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

Pattern Detected

Recent distribution announcements often coincided with flat to modestly negative next-day moves, suggesting limited optimism around monthly payout trends.

Recent Company History

Over the last several months, PermRock Royalty Trust has issued routine monthly distribution announcements tied to underlying Permian production. Prior releases detailed distributions ranging from about $199K–$351K in late 2025, then stepping down through $235,849.49, $131,772.12, and $36,445.91 into early 2026, with operating expenses and taxes fluctuating alongside volumes and prices. Price reactions over these events were generally small and often negative. Today’s much smaller $5,756.78 distribution continues that downward payout trend.

Key Terms

net profits interest, ad valorem taxes, severance taxes, mcf, +1 more

5 terms

net profits interest financial

"underlying oil and natural gas sales volumes and average received wellhead prices attributable to the current and prior month net profits interest calculations"

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.

ad valorem taxes regulatory

"Severance and ad valorem taxes included in this month's net profits calculation were $0.04 million"

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.

severance taxes regulatory

"Severance and ad valorem taxes included in this month's net profits calculation were $0.04 million"

Severance taxes are charges governments levy when natural resources like oil, gas, coal or minerals are extracted from the ground; think of it as a toll for taking nonrenewable materials out of a region. They matter to investors because they directly raise the cost of production, reduce project returns, and influence where companies choose to operate, while also providing a predictable revenue stream for local and state budgets that can affect broader economic conditions.

mcf technical

"Mcf | Mcf/D | (per Bbl) | (per Mcf)"

Mcf stands for thousand cubic feet and is a standard unit used to measure natural gas volume. For investors, Mcf translates physical gas production or consumption into a metric that directly affects revenue and valuation—think of it as counting liters of fuel your car used, where higher Mcf usually means more product to sell or higher costs to buy, and changes can signal shifts in supply, demand, or profitability.

bbls technical

"Bbls | Bbls/D | Mcf | Mcf/D | (per Bbl) | (per Mcf)"

bbls stands for barrels, a standard unit used to measure crude oil and other petroleum products (one oil barrel = 42 US gallons or about 159 liters). Investors watch bbls because production volumes, inventory levels and sales are expressed in barrels, and changes in those numbers directly affect revenue, commodity supply and pricing; think of bbls like cartons for milk that tell you how much product a company has or sells.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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DALLAS, Texas, April 20, 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 April 30, 2026, and payable on May 14, 2026, in the amount of $5,756.78 ($0.000473 per Trust Unit), based principally upon production during the month of February 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	13,416	479	18,797	671	$60.96	$1.70
Prior Month	12,110	391	34,753	1,121	$57.04	$0.79

Oil cash receipts for the properties underlying the Trust totaled $0.82 million for the current month, an increase of $0.13 million from the prior month's distribution period.  T2S Permian Acquisition II LLC ("T2S") informed the Trust that this increase was primarily due to an increase in oil sales volumes and oil prices.

Natural gas cash receipts for the properties underlying the Trust totaled $0.03 million for the current month, essentially unchanged from the prior month's distribution period despite the increase in natural gas sales prices.  T2S informed the Trust that this was primarily due to a decrease in natural gas sales volumes.  

Total direct operating expenses, including marketing, lease operating expenses, and workover expenses, were $0.45 million, an increase of $0.11 million from the prior month's distribution period. T2S informed the Trust that this increase was due to increases in lease operating expenses and workover expenses.

Severance and ad valorem taxes included in this month's net profits calculation were $0.04 million, a decrease of $0.04 million from the prior month's distribution period. T2S informed the Trust that this decrease was primarily due to a decrease in ad valorem taxes.

T2S reported no capital expenditures this month due to completion of all drilling commenced in 2025.

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-302746825.html

SOURCE PermRock Royalty Trust

FAQ

What distribution did PermRock Royalty Trust (PRT) declare on April 20, 2026?

PermRock Royalty Trust declared a monthly cash distribution of $5,756.78 payable May 14, 2026. According to PermRock Royalty Trust, the distribution equals $0.000473 per Trust Unit and is based principally on February 2026 production.

How did PermRock (PRT) oil production and receipts change month-over-month in February 2026?

Oil production increased to 13,416 bbls, up 10.8% from prior month, and oil receipts rose to $0.82M. According to PermRock Royalty Trust, higher oil sales volumes and prices drove the increase.

Why did PermRock (PRT) natural gas cash receipts remain flat despite higher prices in February 2026?

Natural gas cash receipts stayed about $0.03M because volumes dropped sharply, offsetting price gains. According to PermRock Royalty Trust, the primary cause was a decrease in natural gas sales volumes.

What changed in PermRock (PRT) operating expenses for the February 2026 distribution period?

Total direct operating expenses rose to $0.45M, an increase of $0.11M month-over-month. According to PermRock Royalty Trust, increases were driven by higher lease operating and workover expenses.

Did PermRock (PRT) report any capital expenditures for the February 2026 period?

PermRock Royalty Trust reported no capital expenditures for the month because drilling started in 2025 was complete. According to PermRock Royalty Trust, all drilling commenced in 2025 has been completed.