PermRock Royalty Trust Declares Monthly Cash Distribution

Rhea-AI Summary

PermRock Royalty Trust (NYSE: PRT) has declared its monthly cash distribution of $378,834.64 ($0.031139 per Trust Unit) for September 2025, payable on October 15, 2025, to unitholders of record as of September 30, 2025.

The Trust reported oil sales of 20,993 barrels at an average price of $65.79 per barrel, and natural gas sales of 15,784 Mcf at $3.94 per Mcf. Oil cash receipts increased by $0.13 million to $1.38 million, while natural gas receipts remained stable at $0.06 million. Operating expenses decreased by $0.12 million to $0.43 million.

T2S has reserved $0.12 million for a planned workover program in Q4 2025. The Trust also corrected previously reported figures for June 2025's natural gas receipts and operating expenses, though these corrections did not affect the prior distribution amount.

Positive

• None.

Negative

• $0.12 million reserved for future workover program, reducing current distribution
• Natural gas sales volumes decreased significantly from 37,268 Mcf to 15,784 Mcf

Insights

Energy Royalty Trust Analyst

PRT announced a $0.031139/unit distribution with increased oil revenue offsetting natural gas volume decline, while reserving funds for Q4 workover program.

PermRock Royalty Trust's September distribution of $378,834.64 ($0.031139 per unit) reflects the underlying asset performance for July 2025. The trust saw a 9.3% increase in oil production to 20,993 barrels (677 bbl/day) and a slight improvement in realized oil prices to $65.79 per barrel. These factors drove oil cash receipts up by $0.13 million to $1.38 million.

Natural gas results were mixed - while prices improved substantially to $3.94 per Mcf (up from $1.65), production volumes declined significantly from the corrected June figures. Natural gas sales dropped to 15,784 Mcf (509 Mcf/day), a 57.6% decrease from June. Despite this volume reduction, natural gas receipts remained stable at $0.06 million due to the offsetting price improvement.

Operating efficiency improved with direct expenses decreasing $0.12 million to $0.43 million. Notably, the trust has set aside $0.12 million for a planned Q4 2025 workover program, which temporarily reduces current distributions but signals investment in maintaining future production capacity.

The trust also corrected reporting errors from its previous month's announcement, though it emphasized these errors did not impact the actual distribution amount to unitholders. This transparency, while acknowledging mistakes, helps maintain trust with investors while providing accurate historical comparisons.

DALLAS, Sept. 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 September 30, 2025, and payable on October 15, 2025, in the amount of $378,834.64 ($0.031139 per Trust Unit), based principally upon production during the month of July 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	20,993		677			15,784		509				$65.79			$3.94
Prior Month	19,208		640			37,2681		1,2421				$65.33			$1.651
1 This amount was inaccurately reported last month and has been updated.

 

Oil cash receipts for the properties underlying the Trust totaled $1.38 million for the current month, an increase of $0.13 million from the prior month's distribution period.  This increase was primarily due to an increase in oil prices and sales volumes.

Natural gas cash receipts for the properties underlying the Trust totaled $0.06 million for the current month. This amount is essentially unchanged from the prior month's distribution period because the decrease in natural gas sales volumes for the production month of July was offset by the increase in natural gas prices.   

Total direct operating expenses, including marketing, lease operating expenses, and workover expenses, were $0.43 million, a decrease of $0.12 million from the prior month's distribution period. Severance and ad valorem taxes included in this month's net profits calculation were $0.14 million. T2S Permian Acquisition II LLC ("T2S") informed the Trust that capital expenditures incurred during the production month of July 2025 were fully offset against cash call balances on account for the Trust Assets held by outside operators.

T2S informed the Trust that this month's net profits calculation included $0.12 million, net to the Trust, of funds reserved by T2S to cover anticipated costs related to a workover program that is scheduled for the fourth quarter of 2025.

The August 19, 2025 press release contained errors in the reported amounts of natural gas cash receipts, direct operating expenses and capital expenditures. However, the total net profits income was not affected and, thus, the cash distribution to unitholders was not affected. The following reflects the correct amounts for each for the production month of June 2025. Natural gas cash receipts for the production month of June 2025 were $0.06 million. Total direct operating expenses for the production month of June 2025, including marketing, lease operating expenses, and workover expenses, were $0.55 million. T2S did not incur any capital expenses for the production month of June 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 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
	Jana Egeler, Vice President, 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-302561555.html

SOURCE PermRock Royalty Trust

FAQ

What is the PRT dividend amount for September 2025?

PermRock Royalty Trust (NYSE: PRT) declared a monthly distribution of $0.031139 per Trust Unit, totaling $378,834.64, payable on October 15, 2025.

How did PermRock's oil production perform in July 2025?

PRT's oil production increased to 20,993 barrels (677 barrels per day) at an average price of $65.79 per barrel, up from 19,208 barrels in the previous month.

What were PRT's operating expenses for July 2025?

Total direct operating expenses, including marketing, lease operating, and workover expenses, were $0.43 million, representing a decrease of $0.12 million from the previous month.

How much did PermRock reserve for the Q4 2025 workover program?

T2S informed the Trust that $0.12 million was reserved to cover anticipated costs related to a workover program scheduled for the fourth quarter of 2025.

What corrections did PRT make to its previous month's report?

PRT corrected June 2025 figures for natural gas receipts ($0.06 million) and operating expenses ($0.55 million), though these corrections did not affect the previous distribution amount.