PermRock Royalty Trust Declares Monthly Cash Distribution

Rhea-AI Summary

PermRock Royalty Trust (NYSE: PRT) declared a monthly cash distribution of $199,572.97 ($0.016404 per Trust Unit) to holders of record as of December 31, 2025, payable January 15, 2026, based principally on October 2025 production.

Underlying October volumes were 18,679 bbls oil and 12,952 Mcf natural gas with received wellhead prices of $57.47 per bbl and $1.21 per Mcf. Oil cash receipts were $1.07M, natural gas receipts $0.02M, total direct operating expenses $0.51M, and capital expenditures were $1,659.

Positive

• Distribution of $199,572.97 declared
• Distribution rate of $0.016404 per Trust Unit
• Oil cash receipts totaled $1.07M for the period
• Capital expenditures were minimal at $1,659

Negative

• Oil cash receipts decreased by $0.05M from prior period
• Natural gas receipts decreased by $0.03M from prior period
• Total direct operating expenses increased to $0.51M

Key Figures

Distribution amount $199,572.97 Monthly cash distribution based on October 2025 production

Distribution per unit $0.016404 per Trust Unit Payable January 15, 2026 to holders of record December 31, 2025

Oil cash receipts $1.07 million Current month receipts from underlying properties

Oil receipts change $0.05 million decrease Change versus prior month distribution period

Natural gas receipts $0.02 million Current month receipts from underlying properties

Direct operating expenses $0.51 million Marketing, lease operating, and workover expenses; up $0.03M

Capital expenditures $1,659 Reported for the month due to completion of two wells

Oil sales volume 18,679 Bbls Underlying current month sales volume used in net profits calculation

Market Reality Check

$2.82 Last Close

Volume Volume 44,057 is 43% above the 20-day average of 30,739, indicating elevated trading interest before this announcement. normal

Technical Price at $3.83 is trading below the 200-day MA of $3.95, reflecting a weaker intermediate trend ahead of this distribution.

Peers on Argus

PRT was down 0.78% while key peers like CRT, VOC, INDO, and USEG also showed declines, and NRT was mildly positive, suggesting mixed royalty and E&P moves rather than a unified sector trend.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Nov 17	Monthly distribution	Neutral	+1.0%	Announced $350,855.06 cash distribution based on September 2025 production.
Oct 21	Monthly distribution	Neutral	+0.5%	Declared $384,018.36 distribution from August 2025 oil and gas production.
Sep 19	Monthly distribution	Neutral	-0.3%	Announced $378,834.64 payout with higher oil receipts and lower expenses.
Aug 19	Monthly distribution	Neutral	+0.0%	Declared $337,452.89 distribution amid improved oil receipts and stable gas.
Jul 21	Monthly distribution	Neutral	+1.2%	Announced $395,288.31 payout despite lower receipts and higher capital spend.

Pattern Detected

Recent distribution announcements have generally seen modestly positive or flat price reactions, even when operating metrics softened.

Recent Company History

Over the last five months, PermRock Royalty Trust has issued consistent monthly distribution updates, with total payouts ranging from about $337K to $395K. Underlying results show declining oil prices and volumes at times, fluctuating gas receipts, and varying operating and capital expenses tied to workovers and new wells. Despite these shifts, unit price reactions to prior distribution announcements were modest, often slightly positive, framing today’s smaller $199,572.97 payout in a context of gradually tightening cash flows.

Market Pulse Summary

This announcement details a monthly cash distribution of $199,572.97, or $0.016404 per unit, based on October 2025 production, alongside reduced oil and gas cash receipts and higher direct operating expenses. In recent months, distributions have generally been higher, with varying operating and capital costs. Investors may watch future updates for trends in realized commodity prices, operating expenses, and capital spending levels.

Key Terms

wellhead prices technical

"underlying oil and natural gas sales volumes and average received wellhead prices"

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.

workover expenses technical

"Total direct operating expenses, including marketing, lease operating expenses, and workover expenses"

Workover expenses are the costs a company incurs to repair, maintain or upgrade an existing oil or gas well so it can produce safely and efficiently. Investors care because these outlays affect short‑term cash flow and can boost future production and revenue—think of it like paying to repair and tune a car so it runs longer and faster; the immediate bill reduces cash but can increase the car’s value and performance over time.

capital expenditures financial

"T2S reported capital expenditures this month of only $1,659"

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.

AI-generated analysis. Not financial advice.

DALLAS, Dec. 19, 2025 /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 December 31, 2025, and payable on January 15, 2026, in the amount of $199,572.97 ($0.016404 per Trust Unit), based principally upon production during the month of October 2025.

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	18,679		603		12,952		418		$57.47		$1.21
Prior Month	18,078		603		19,135		638		$62.03		$2.51

Oil cash receipts for the properties underlying the Trust totaled $1.07 million for the current month, a decrease of $0.05 million from the prior month's distribution period. T2S Permian Acquisition II LLC ("T2S") informed the Trust that this decrease was primarily due to a decrease in oil sales prices.

Natural gas cash receipts for the properties underlying the Trust totaled $0.02 million for the current month, a decrease of $0.03 million from the prior month's distribution period. T2S informed the Trust that this decrease was primarily due to a decrease in natural gas sales volumes and prices. 

Total direct operating expenses, including marketing, lease operating expenses, and workover expenses, were $0.51 million, an increase of $0.03 million from the prior month's distribution period. T2S informed the Trust that this increase was primarily related to an increase in workover expenses. T2S reported capital expenditures this month of only $1,659 due to the completion of two wells drilled by a third-party operator.

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 31, 2025, 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-302646560.html

SOURCE PermRock Royalty Trust

FAQ

What distribution did PermRock Royalty Trust (PRT) declare on December 19, 2025?

The Trust declared a monthly distribution of $199,572.97 ($0.016404 per unit) on December 19, 2025.

What record and payment dates apply to PRT's December 2025 distribution?

Record date is December 31, 2025 and payment date is January 15, 2026.

What production period underpins the PRT distribution payable January 15, 2026?

The distribution was based principally on production during October 2025.

What were PermRock's oil and natural gas receipts for the distribution period?

Oil cash receipts were $1.07M and natural gas receipts were $0.02M for the period.

How did oil and natural gas prices compare in October 2025 for PRT properties?

Reported average wellhead prices were $57.47 per bbl for oil and $1.21 per Mcf for natural gas.

Did operating expenses or capital spending change in the current PRT period?

Total direct operating expenses rose to $0.51M, while capital expenditures were $1,659.