PermRock Royalty Trust Declares Monthly Cash Distribution

Lower oil receipts accompanied lower operating expenses, while the net profits calculation included a reserve for future ad valorem taxes.

Rhea-AI Summary

PermRock Royalty Trust (NYSE: PRT) declared a monthly distribution of $0.016204 per Trust Unit, payable November 16, 2026. The $197,140.34 payment goes to holders of record October 30, 2026, based principally on August 2026 production.

Oil cash receipts fell $0.24 million from the prior distribution period to $1.01 million; natural gas receipts rose approximately $0.02 million to $0.04 million. Oil sales volumes declined to 12,603 barrels from 15,632, while gas volumes fell to 18,137 Mcf from 19,662 Mcf, where Mcf means thousand cubic feet. Direct operating expenses decreased approximately $0.19 million to $0.46 million, and severance and ad valorem taxes fell approximately $0.01 million to $0.05 million. Capital expenditures were $10,693. The net profits calculation included a $62,500 holdback for future ad valorem taxes, or $50,000 net to the Trust.

4 points · 0 major

MixediHow this balance works

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

0 major · 6 points

How the balance works

Positive

• Moderate pointDirect operating expenses fell approximately $0.19 million to $0.46 million from the prior distribution period.
• Minor pointNatural gas cash receipts increased approximately $0.02 million to $0.04 million from the prior distribution period.
• Minor pointAverage natural gas prices rose to $1.97 per Mcf from $1.16 in the prior calculation month.
• Minor pointSeverance and ad valorem taxes decreased approximately $0.01 million to $0.05 million from the prior distribution period.

Negative

• Moderate pointOil cash receipts decreased $0.24 million to $1.01 million from the prior distribution period.
• Moderate pointOil sales volumes fell to 12,603 barrels from 15,632 in the prior calculation month.
• Minor pointNatural gas sales volumes declined to 18,137 Mcf from 19,662 in the prior calculation month.
• Minor pointAverage oil prices declined to $79.75 per barrel from $79.81 in the prior calculation month.
• Minor pointFuture ad valorem taxes required a $62,500 holdback, net $50,000 to the Trust, in this month's calculation.
• Minor pointCapital expenditures totaled $10,693 for the current month, reflecting intangible completion costs.

News Explained

Natural-gas cash receipts rose even as sales volume fell; the company attributes the increase primarily to the average received price rising to $1.97 per Mcf from $1.16.

Key Figures

Cash distribution: $197,140.34; $0.016204 per Trust Unit Oil cash receipts: $1.01 million Natural gas cash receipts: $0.04 million +4 more

Cash distribution

$197,140.34; $0.016204 per Trust Unit

Based principally on August 2026 production; payable November 16, 2026

Oil cash receipts

$1.01 million

Current month; decreased $0.24 million from the prior distribution period

Natural gas cash receipts

$0.04 million

Current month; increased from the prior distribution period

Direct operating expenses

$0.46 million

Current month; decreased from the prior distribution period

Severance and ad valorem taxes

$0.05 million

Included in the current month's net profits calculation

Capital expenditures

$10,693

Current month; reflected intangible completion costs

Tax holdback

$62,500 gross; $50,000 net to the Trust

Held for future ad valorem taxes

Historical Context

3 past events · Latest: Sep 18

3 events

1. Sep 18

   Monthly distribution

   24h Move

   -2.3%

   Declared a lower monthly distribution than the preceding notice.

2. Aug 21

   Monthly distribution

   24h Move

   -2.2%

   Declared a lower monthly distribution than the preceding notice.

3. Jul 21

   Monthly distribution

   24h Move

   -4.1%

   Declared a lower monthly distribution than the preceding notice.

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, ad valorem taxes, intangible completion costs

3 terms

net profits interest financial

"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 financial

"holdback (net $50,000 to the Trust) 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.

intangible completion costs technical

"this amount reflected intangible completion costs"

Costs incurred to finish developing or preparing an intangible asset so it is ready for its intended use; examples include direct development labor, external fees for testing, registration or patent prosecution, and costs of final design, implementation or validation. These costs are distinct from research or routine maintenance expenses and, under accounting rules, are capitalized only when the project has passed any applicable development recognition criteria and future economic benefits are probable; costs incurred before those criteria are met or after the asset is ready for use are typically expensed.

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

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DALLAS, Oct. 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 October 30, 2026, and payable on November 16, 2026, in the amount of $197,140.34 ($0.016204 per Trust Unit), based principally upon production during the month of August 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	12,603	407	18,137	585	$79.75	$1.97
Prior Month	15,632	504	19,662	634	$79.81	$1.16

Oil cash receipts for the properties underlying the Trust totaled $1.01 million for the current month, a decrease of $0.24 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 volumes. Natural gas cash receipts for the properties underlying the Trust totaled $0.04 million for the current month, an increase of approximately $0.02 million from the prior month's distribution period, primarily due to an increase in natural gas sales prices, partially offset by a decrease in natural gas sales volumes. Other revenue totaled $0.01 million for the current month, including salt water disposal income.

Total direct operating expenses, including marketing, lease operating expenses, and workover expenses, were $0.46 million, a decrease of approximately $0.19 million from the prior month's distribution period. T2S informed the Trust that this decrease was primarily due to decreases in workover expenses and lease operating expenses.

Severance and ad valorem taxes included in this month's net profits calculation were $0.05 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 $10,693 for the current month. T2S informed the Trust that this amount reflected intangible completion costs.

T2S informed the Trust that this month's net profits calculation included a $62,500 holdback (net $50,000 to the Trust) for future ad valorem taxes. The Trust clarifies that the $62,500 release of previously reserved funds included in the prior month's net profits calculation was the gross amount, of which $50,000 was net to the Trust.

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-302912214.html

SOURCE PermRock Royalty Trust

FAQ

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

How much is PermRock Royalty Trust's monthly distribution and when will it be paid?

The distribution is $0.016204 per Trust Unit, payable November 16, 2026, to holders of record October 30, 2026. The total payment is $197,140.34 and is based principally on August 2026 production.

What did PermRock Royalty Trust clarify about the prior month's reserve release?

The prior month's release of previously reserved funds was $62,500 gross, of which $50,000 was net to the Trust. This clarification concerns the prior month's net profits calculation, separate from the current month's holdback for future ad valorem taxes.