PermRock Royalty Trust Declares Monthly Cash Distribution

Rhea-AI Summary

PermRock Royalty Trust (NYSE: PRT) has declared a monthly cash distribution of $395,288.31 ($0.032491 per Trust Unit) for July 2025, payable on August 14, 2025, to unitholders of record as of July 31, 2025.

The Trust reported decreased performance in May 2025, with oil receipts falling by $0.19 million to $1.12 million due to lower sales volumes and prices. Natural gas receipts declined by $0.05 million to $0.04 million. Operating expenses increased by $0.04 million to $0.36 million, while capital expenses rose significantly by $0.25 million to $0.27 million, primarily due to a new well drilling in Glasscock County, TX.

Positive

• None.

Negative

• Oil receipts decreased by $0.19 million due to lower sales volumes and prices
• Natural gas receipts declined by $0.05 million due to reduced volumes and prices
• Operating expenses increased by $0.04 million
• Capital expenses rose significantly by $0.25 million

Insights

Energy Finance Analyst

PRT's monthly distribution declined due to lower production volumes and falling oil/gas prices, with significant capex increase for new well drilling.

PermRock Royalty Trust announced a monthly distribution of $395,288.31 ($0.032491 per unit) for July 2025, reflecting the performance of its underlying oil and gas assets in May. The distribution shows concerning operational trends across multiple metrics. Oil production declined by 10.5% from 21,171 to 18,941 barrels, while natural gas output fell more substantially by 24.5% from 35,024 Mcf to 26,454 Mcf. These volume decreases occurred alongside price deterioration, with oil prices dropping from $61.82 to $59.36 per barrel (4% decline) and natural gas prices falling more dramatically from $2.61 to $1.67 per Mcf (36% decline).

The combined effect resulted in oil cash receipts decreasing by $0.19 million and natural gas receipts falling by $0.05 million. Simultaneously, operating expenses increased by $0.04 million to $0.36 million, and capital expenditures jumped significantly by $0.25 million to $0.27 million due to new well drilling activities in Glasscock County. While the trust is utilizing $0.21 million from previously reserved funds to support this distribution, the fundamental metrics - declining production, falling commodity prices, and rising expenses - signal potential headwinds for future distributions. The new well drilling represents a potential future production offset, but investors should monitor whether this capital investment yields sufficient returns to counterbalance the current negative production and price trends.

DALLAS, July 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 July 31, 2025, and payable on August 14, 2025, in the amount of $395,288.31 ($0.032491 per Trust Unit), based principally upon production during the month of May 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	18,941	611	26,454	853	$59.36	$1.67
Prior Month	21,171	706	35,024	1,167	$61.82	$2.61

Oil cash receipts for the properties underlying the Trust totaled $1.12 million for the current month, a decrease of $0.19 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 $0.04 million for the current month, a decrease of $0.05 million from the prior month's distribution period.  This decrease was primarily due to a decrease in natural gas sales volumes and prices.

Total direct operating expenses, including marketing, lease operating expenses, and workover expenses, were $0.36 million, an increase of $0.04 million from the prior month's distribution period. Severance and ad valorem taxes included in this month's net profits calculation were $0.12 million. Capital expenses were $0.27 million, an increase of $0.25 million from the prior month's distribution period. T2S Permian Acquisition II LLC ("T2S") informed the Trust that the increase in capital expenses was related to the drilling of a new well in Glasscock County, TX by a third-party operator.

T2S informed the Trust that this month's net profits calculation included the application of $0.21 million, net to the Trust, of funds previously reserved by T2S to cover future 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
	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-302509093.html

SOURCE PermRock Royalty Trust

FAQ

What is the PRT dividend amount for July 2025?

PermRock Royalty Trust (NYSE: PRT) declared a distribution of $0.032491 per Trust Unit, totaling $395,288.31, payable on August 14, 2025.

When is the PRT dividend payment date and record date for July 2025?

The payment date is August 14, 2025, and the record date is July 31, 2025.

How did PermRock's oil and gas production perform in May 2025?

Oil sales volumes decreased to 18,941 barrels (611 Bbls/D) at $59.36/Bbl, while natural gas sales declined to 26,454 Mcf (853 Mcf/D) at $1.67/Mcf.

What caused the decrease in PRT's distribution for July 2025?

The decrease was primarily due to lower oil and gas sales volumes and prices, increased operating expenses of $0.36 million, and higher capital expenses of $0.27 million.

What major capital expenses did PRT report for July 2025?

PRT reported $0.27 million in capital expenses, mainly due to the drilling of a new well in Glasscock County, TX by a third-party operator.