PermRock Royalty Trust Declares Monthly Cash Distribution

Rhea-AI Summary

PermRock Royalty Trust (NYSE:PRT) has declared a monthly cash distribution of $539,693 ($0.044361 per Trust Unit) for June 2025, payable on July 15, 2025, to unitholders of record as of June 30, 2025. The distribution is based on April 2025 production. Oil sales volumes decreased to 21,171 barrels (706 Bbls/D) with prices dropping to $61.82 per barrel from $66.92. Natural gas volumes increased to 35,024 Mcf (1,167 Mcf/D) though prices decreased to $2.61 per Mcf from $3.19. Oil receipts decreased by $0.18M to $1.31M, while natural gas receipts increased by $0.01M to $0.09M. Operating expenses decreased by $0.28M to $0.32M, with severance and ad valorem taxes at $0.13M and capital expenses slightly increasing by $0.01M to $0.02M.

Positive

• Operating expenses decreased significantly by $0.28M to $0.32M
• Natural gas sales volumes increased to 35,024 Mcf from 24,848 Mcf
• Natural gas cash receipts increased by $0.01M

Negative

• Oil prices decreased from $66.92 to $61.82 per barrel
• Oil sales volumes declined to 21,171 barrels from 22,232 barrels
• Oil cash receipts decreased by $0.18M
• Natural gas prices dropped from $3.19 to $2.61 per Mcf

Insights

Energy Income Trust Analyst

PRT's $0.044361 per unit distribution reflects lower oil prices/volumes, partially offset by higher gas volumes and reduced expenses.

PermRock Royalty Trust announced a $539,693 monthly distribution ($0.044361 per unit) for July, based on April's production. The distribution reveals mixed operational trends. Oil production declined to 21,171 barrels (706 barrels/day) from 22,232 barrels in the prior month, with average pricing also dropping to $61.82 per barrel from $66.92. This dual decline in volume and price resulted in a $0.18 million decrease in oil receipts.

The natural gas segment shows a different pattern – volumes increased significantly to 35,024 Mcf (1,167 Mcf/day) from 24,848 Mcf previously, representing a 41% volume increase. However, gas prices declined to $2.61 per Mcf from $3.19. Despite the price drop, the volume increase generated a $0.01 million rise in gas receipts.

Operating cost efficiency improved substantially with direct expenses dropping by $0.28 million – a significant reduction that partially offset revenue declines. The trust's capital expenses remained minimal at $0.02 million.

For royalty trust investors, this distribution reflects the inherent volatility in energy commodity pricing and production volumes. The substantial drop in operating expenses suggests improved field management that's helping maintain distribution levels despite production and price headwinds.

DALLAS, June 20, 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 June 30, 2025, and payable on July 15, 2025, in the amount of $539,693.00 ($0.044361 per Trust Unit), based principally upon production during the month of April 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	21,171		706		35,024		1,167		$61.82		$2.61
Prior Month	22,232		717		24,848		802		$66.92		$3.19

Oil cash receipts for the properties underlying the Trust totaled $1.31 million for the current month, a decrease of $0.18 million from the prior month's distribution period.  This decrease was primarily due to a decrease in oil sales volumes and prices.

Natural gas cash receipts for the properties underlying the Trust totaled $0.09 million for the current month, an increase of $0.01 million from the prior month's distribution period.  This increase was primarily due to an increase in natural gas sales volumes.

Total direct operating expenses, including marketing, lease operating expenses, and workover expenses, were $0.32 million, a decrease of $0.28 million from the prior month's distribution period. Severance and ad valorem taxes included in this month's net profits calculation were $0.13 million. Capital expenses were $0.02 million, a slight increase of $0.01 million from the prior month's distribution period.

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 Permian Acquisition II LLC ("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-302485510.html

SOURCE PermRock Royalty Trust

FAQ

What is the PRT dividend amount for June 2025?

PermRock Royalty Trust declared a monthly distribution of $0.044361 per Trust Unit, totaling $539,693.00, payable on July 15, 2025.

When is the PRT dividend payment date and record date?

The payment date is July 15, 2025, and the record date is June 30, 2025.

What were PRT's oil production volumes and prices in April 2025?

Oil production was 21,171 barrels (706 Bbls/D) with an average price of $61.82 per barrel.

How did PRT's natural gas production and prices change?

Natural gas volumes increased to 35,024 Mcf from 24,848 Mcf, but prices decreased to $2.61 per Mcf from $3.19.

What were PRT's operating expenses for the current distribution period?

Total direct operating expenses were $0.32 million, including marketing, lease operating expenses, and workover expenses.