PermRock Royalty Trust Declares Monthly Cash Distribution

Rhea-AI Summary

PermRock Royalty Trust (NYSE: PRT) declared a monthly cash distribution of $265,001.53, or $0.021782 per Trust Unit, to holders of record on August 31, 2026, payable on September 15, 2026, based principally on June 2026 production.

Underlying June volumes were 16,087 Bbls of oil and 19,905 Mcf of natural gas, with average prices of $88.13 per Bbl and $0.64 per Mcf, versus $104.89 and $0.71 in the prior month. Oil cash receipts were $1.42 million, down $0.16 million, while natural gas receipts were about $0.01 million. Direct operating expenses rose to $0.66 million, up $0.17 million. Severance and ad valorem taxes were $0.07 million, and capital expenditures were $4,110. The net profits calculation included $100,000 reserved by T2S Permian Acquisition II for future ad valorem taxes.

Positive

• $265,001.53 monthly cash distribution, or $0.021782 per Trust Unit
• Oil sales volumes increased to 16,087 Bbls from 15,086 Bbls month over month
• Capital expenditures limited to $4,110 for the current month
• Severance and ad valorem taxes slightly lower at $0.07 million

Negative

• Oil cash receipts declined by $0.16 million to $1.42 million due to lower prices
• Average oil price fell from $104.89 to $88.13 per Bbl versus prior month
• Direct operating expenses increased by $0.17 million to $0.66 million
• $100,000 reserved by T2S for future ad valorem taxes reduced current net profits

News Explained

The declared September 15, 2026 distribution is the cash result of the Trust’s 80% net profits interest in specified Permian oil and gas properties: holders receive proceeds calculated from production sales after reported operating expenses, taxes, and capital spending.

Market Context

The platform record includes a -4.12% reaction to the prior monthly distribution announcement, under...

Analysis

The platform record includes a -4.12% reaction to the prior monthly distribution announcement, underscoring variability around payouts. The June 30 10-Q also reported lower distributable income, a relevant recurring-distribution risk.

Key Figures

Cash distribution: $265,001.53 Distribution per unit: $0.021782 per Trust Unit Oil sales volume: 16,087 Bbls +5 more

8 metrics

Cash distribution $265,001.53 August 2026 declaration

Distribution per unit $0.021782 per Trust Unit August 2026 declaration

Oil sales volume 16,087 Bbls Current month

Natural gas sales volume 19,905 Mcf Current month

Average oil price $88.13 per Bbl Current month

Oil cash receipts $1.42 million Current month

Direct operating expenses $0.66 million Current month

Reserved funds $100,000 net to the Trust Future ad valorem taxes

Historical Context

5 past events · Latest: Jul 21 (Negative)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Jul 21	Monthly distribution	Negative	-4.1%	Lower distribution followed weaker oil receipts and higher operating expenses
Jun 18	Monthly distribution	Positive	+5.0%	Higher distribution reflected stronger oil receipts and lower operating expenses
May 18	Monthly distribution	Positive	-3.8%	Distribution increased despite higher direct operating expenses
Apr 20	Monthly distribution	Negative	-0.7%	Distribution declined sharply from the prior monthly payout
Mar 20	Monthly distribution	Neutral	-2.1%	Trust announced a new distribution based on January production

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Prior monthly distribution announcements produced mixed outcomes, with three directionally classifiable reactions aligned with the distribution change and one divergence.

Key Terms

net profits interest, wellhead prices, ad valorem taxes, non-operated wells

4 terms

net profits interest financial

"the Trust declared a monthly cash distribution to record holders of its trust units"

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.

wellhead prices technical

"average received wellhead prices attributable to the current and prior month"

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.

ad valorem taxes financial

"Severance and ad valorem taxes included in this month's net profits calculation"

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.

non-operated wells technical

"tangible completion costs attributable to non-operated wells"

Wells in which a company owns a financial stake but does not run the day-to-day drilling, production, or operational decisions; another company, the operator, handles work programs, staffing, and field management while the non-operator shares in costs and output proportional to its ownership. This matters to investors because revenue, costs, and risks for the non-operator depend on the operator’s performance and decisions—similar to owning a share of a rental property managed by someone else.

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

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DALLAS, Aug. 21, 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 August 31, 2026, and payable on September 15, 2026, in the amount of $265,001.53 ($0.021782 per Trust Unit), based principally upon production during the month of June 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	16,087	536	19,905	664	$88.13	$0.64
Prior Month	15,086	487	19,692	635	$104.89	$0.71

Oil cash receipts for the properties underlying the Trust totaled $1.42 million for the current month, a decrease of $0.16 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, partially offset by an increase in oil sales volumes. Natural gas cash receipts for the properties underlying the Trust totaled $0.01 million for the current month, essentially unchanged from the prior month's distribution period.

Total direct operating expenses, including marketing, lease operating expenses, and workover expenses, were $0.66 million, an increase of $0.17 million from the prior month's distribution period. T2S informed the Trust that this increase was primarily due to increases in lease operating expenses and workover expenses.

Severance and ad valorem taxes included in this month's net profits calculation were $0.07 million, a decrease of less than $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 $4,110 for the current month. T2S informed the Trust that this amount primarily reflected intangible completion costs and tangible completion costs attributable to non-operated wells, partially offset by a credit to tangible drilling costs.

T2S informed the Trust that this month's net profits calculation included $100,000 net to the Trust of funds reserved by T2S to cover future ad valorem taxes.

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-302856913.html

SOURCE PermRock Royalty Trust

FAQ

What cash distribution did PermRock Royalty Trust (PRT) declare on August 21, 2026?

PermRock Royalty Trust declared a monthly cash distribution of $265,001.53, or $0.021782 per Trust Unit. According to the Trust, it is based principally on June 2026 production and reflects underlying oil and natural gas revenues net of expenses and reserves.

When will the August 2026 PRT distribution be paid and what is the record date?

The August 2026 PRT distribution will be paid on September 15, 2026 to unitholders of record as of August 31, 2026. According to PermRock Royalty Trust, unitholders on that date will receive the announced monthly cash distribution.

How did June 2026 oil and gas production and prices affect PRT’s August 2026 distribution?

June 2026 oil volumes rose to 16,087 Bbls, but oil prices fell to $88.13 per Bbl. According to PermRock Royalty Trust, oil cash receipts declined by $0.16 million, while natural gas receipts were essentially unchanged at about $0.01 million.

Why were PermRock Royalty Trust’s oil cash receipts lower for the current distribution period?

Oil cash receipts fell to $1.42 million, down $0.16 million from the prior period. According to the Trust, T2S reported the decrease was primarily driven by lower oil sales prices, partially offset by higher oil sales volumes during June 2026.

What were operating expenses and taxes in PermRock Royalty Trust’s latest net profits calculation?

Total direct operating expenses were $0.66 million, up $0.17 million from the prior period. According to PermRock Royalty Trust, severance and ad valorem taxes were $0.07 million, slightly lower, and capital expenditures were $4,110 for the month.

How did the $100,000 tax reserve impact PRT’s August 2026 distribution?

The net profits calculation included $100,000 reserved by T2S for future ad valorem taxes. According to PermRock Royalty Trust, this reserve was net to the Trust and effectively reduced the amount of net profits available for the current monthly distribution.

What percentage net profits interest does PermRock Royalty Trust (PRT) hold in T2S properties?

PermRock Royalty Trust holds a net profits interest entitling it to 80% of net profits from certain T2S-operated Permian Basin properties. According to the Trust, distributions like the August 2026 payment are based on this 80% net profits interest after expenses and reserves.