PermRock Royalty Trust Declares Monthly Cash Distribution

Rhea-AI Summary

PermRock Royalty Trust (NYSE: PRT) declared a monthly cash distribution of $384,018.36 ($0.031565 per Trust Unit) to holders of record as of Oct 31, 2025, payable Nov 17, 2025, based principally on production in August 2025.

August production: 22,490 bbls oil (725 bbls/d) and 25,914 Mcf gas (836 Mcf/d). Oil receipts were $1.31M (down $0.07M vs prior period) and gas receipts were $0.06M (essentially unchanged). Average realized prices were $58.06 per bbl (oil) and $2.31 per Mcf (gas).

Operating expenses rose to $0.61M (+$0.18M) due to workovers and a chemical treatment program; severance and ad valorem taxes were $0.14M; capital expenditures were $0.04M. The net profits calculation included $0.10M net applied from funds previously reserved by T2S Permian Acquisition II LLC.

Positive

• Declared monthly distribution of $384,018.36
• Oil sales volumes increased to 22,490 bbls (725 bbls/d)
• Natural gas sales volumes increased to 25,914 Mcf (836 Mcf/d)
• $0.10M of previously reserved funds applied net to the Trust

Negative

• Average oil price declined to $58.06 per bbl from $65.79, reducing oil cash receipts
• Total direct operating expenses rose to $0.61M (+$0.18M) due to workovers and chemical treatment
• Severance and ad valorem taxes of $0.14M reduced distributable net profits

Insights

Royalty trust analyst

PermRock declared a routine monthly distribution based on August 2025 production; cash flow roughly stable versus prior month.

PermRock Royalty Trust paid $384,018.36 ($0.031565 per unit) for production in August 2025, with record date October 31, 2025 and payment on November 17, 2025. Oil volumes rose to 22,490 Bbls from 20,993 Bbls, but oil receipts fell to $1.31 million due to lower oil prices. Natural gas volumes and receipts were essentially unchanged at about 25,914 Mcf and $0.06 million.

The trust’s net payout reflected higher direct operating expenses of $0.61 million, up $0.18 million, driven by workovers and a chemical treatment program, plus $0.14 million in severance and ad valorem taxes and $0.04 million of capital expenditures. T2S applied $0.10 million of previously reserved funds net to the Trust, which affected the net profits calculation.

Watch near term volumes, realized wellhead prices, and operating costs for the next monthly calculation covering September 2025 production; those items will determine whether distributions rise or fall in the coming month.

DALLAS, Oct. 21, 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 October 31, 2025, and payable on November 17, 2025, in the amount of $384,018.36 ($0.031565 per Trust Unit), based principally upon production during the month of August 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	22,490		725		25,914		836		$58.06		$2.31
Prior Month	20,993		677		15,784		509		$65.79		$3.94

Oil cash receipts for the properties underlying the Trust totaled $1.31 million for the current month, a decrease of $0.07 million from the prior month's distribution period. This decrease was primarily due to a decrease in oil prices that was not offset by the increase in oil 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 prices was offset by the increase in natural gas sales volumes.

Total direct operating expenses, including marketing, lease operating expenses, and workover expenses, were $0.61 million, an increase of $0.18 million from the prior month's distribution period. This increase was related to completion of workover projects and the implementation of a chemical treatment program. Severance and ad valorem taxes included in this month's net profits calculation were $0.14 million. Total capital expenditures during the production month of August 2025 were $0.04 million. T2S Permian Acquisition II LLC ("T2S") informed the Trust that this amount was related to capital additions to a well operated by a third-party operator.

T2S informed the Trust that this month's net profits calculation included the application of $0.10 million net to the Trust of funds previously reserved by T2S to cover capital obligations and expenses.

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-302589925.html

SOURCE PermRock Royalty Trust

FAQ

What distribution did PermRock Royalty Trust (PRT) declare on Oct 21, 2025?

PermRock declared a monthly cash distribution of $384,018.36, equal to $0.031565 per Trust Unit, payable Nov 17, 2025 to holders of record Oct 31, 2025.

What production and prices underlie PRT's November 2025 distribution?

The distribution is based on August 2025 production: 22,490 bbls oil and 25,914 Mcf gas with average prices of $58.06 per bbl and $2.31 per Mcf.

Why did PermRock's oil cash receipts fall despite higher oil volumes?

Oil receipts totaled $1.31M, down by $0.07M because the decline in oil price was not offset by increased volumes.

How did operating costs affect PRT's net profits calculation for August 2025?

Total direct operating expenses rose to $0.61M (+$0.18M) due to workovers and a chemical treatment program, reducing distributable net profits.

Did PermRock include any adjustments from T2S in the net profits calculation?

Yes; the net profits calculation included $0.10M net to the Trust from funds previously reserved by T2S Permian Acquisition II LLC.