PermRock Royalty Trust Declares Monthly Cash Distribution

Rhea-AI Summary

PermRock Royalty Trust (NYSE:PRT) declared a monthly cash distribution of $350,855.06 ($0.028839 per Trust Unit) to holders of record on November 28, 2025, payable December 12, 2025, based principally on September 2025 production.

Underlying volumes and prices: oil 18,078 Bbls (prior 22,490) at $62.03/Bbl (prior $58.06); natural gas 603 Mcf (prior 725) at $2.51/Mcf (prior $2.31). Oil cash receipts were $1.12M (down $0.18M); natural gas receipts were $0.05M (down $0.01M). Total direct operating expenses were $0.48M (down $0.13M). Severance and ad valorem taxes were $0.12M. Net capital expenditures produced a $1,113 credit, and $0.05M of previously reserved funds were applied to the net profits calculation.

Positive

• Declared distribution of $350,855.06 payable Dec 12, 2025
• Distribution rate of $0.028839 per Trust Unit
• Oil cash receipts of $1.12M for the current month
• Operating expenses $0.48M current month (↓ $0.13M)
• Net capital expenditures credit $1,113 this month

Negative

• Oil production declined from 22,490 to 18,078 Bbls
• Natural gas production declined from 725 to 603 Mcf
• Oil cash receipts declined by $0.18M month-over-month
• Natural gas cash receipts declined by $0.01M
• Severance and ad valorem taxes of $0.12M reduced net profits

Insights

Energy Royalty Analyst

Monthly distribution fell as production volumes dropped; operating costs and credits partially offset the decline.

The Trust declared a cash distribution of $350,855.06 ($0.028839 per unit) payable on December 12, 2025, driven by production in September 2025. Oil receipts were $1.12 million and natural gas receipts $0.05 million. Oil volumes fell from 22,490 Bbls to 18,078 Bbls and natural gas from 725 Mcf to 603 Mcf, while average oil price rose to $62.03 per Bbl and gas to $2.51 per Mcf.

Direct operating expenses declined by $0.13 million to $0.48 million, with T2S attributing the drop to curtailed workover projects. There was a $1,113 net credit in capital expenditures and a $0.05 million net release of previously reserved funds, which modestly supported distributable cash.

Watch near-term production trends and any repeat of workover curtailments; the next concrete data point is the record date November 28, 2025 and the payable date December 12, 2025, with subsequent monthly statements showing whether volumes recover or costs change.

DALLAS, Nov. 17, 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 November 28, 2025, and payable on December 12, 2025, in the amount of $350,855.06 ($0.028839 per Trust Unit), based principally upon production during the month of September 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	18,078	603	19,135	638	$62.03	$2.51
Prior Month	22,490	725	25,914	836	$58.06	$2.31

Oil cash receipts for the properties underlying the Trust totaled $1.12 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.

Natural gas cash receipts for the properties underlying the Trust totaled $0.05 million for the current month, a decrease of $0.01 million from the prior month's distribution period. This decrease was primarily due to a decrease in natural gas sales volumes.   

Total direct operating expenses, including marketing, lease operating expenses, and workover expenses, were $0.48 million, a decrease of $0.13 million from the prior month's distribution period. T2S Permian Acquisition II LLC ("T2S") informed the Trust that this decrease was related to a decision to curtail workover projects in response to the market.  Severance and ad valorem taxes included in this month's net profits calculation were $0.12 million. There was a $1,113 credit in net capital expenditures this month.  T2S informed the Trust that the net credit was the result of capital expenditures that were more than offset by credits of invoices from a third-party operator.

T2S informed the Trust that this month's net profits calculation included the application of $0.05 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-302617257.html

SOURCE PermRock Royalty Trust

FAQ

What distribution did PermRock Royalty Trust (PRT) declare on November 17, 2025?

PermRock declared a monthly cash distribution of $350,855.06 ($0.028839 per Trust Unit) on November 17, 2025.

When is the PRT record date and payment date for the December 2025 distribution?

Record date is November 28, 2025 and the payment date is December 12, 2025.

What production period does the PRT December 2025 distribution reflect?

The distribution is based principally on production during September 2025.

How did oil volumes and prices change for PRT compared with the prior month?

Oil volumes fell from 22,490 to 18,078 Bbls; average received price rose to $62.03/Bbl from $58.06/Bbl.

Did PermRock report any change in operating expenses for the current month?

Yes, total direct operating expenses were $0.48M, a decrease of $0.13M from the prior month.

Were there any adjustments to capital expenditures in PRT's net profits calculation for this period?

Yes, there was a $1,113 net credit in capital expenditures and $0.05M of previously reserved funds applied to the calculation.