PermRock Royalty Trust Declares Monthly Cash Distribution

Rhea-AI Summary

PermRock Royalty Trust (NYSE:PRT) declared a monthly cash distribution of $274,696.04, or $0.022579 per Trust Unit, to holders of record on July 31, 2026, payable on August 14, 2026. The distribution is based principally on oil and gas production during May 2026.

Underlying current-month sales volumes were 15,086 Bbls of oil (487 Bbls/D) at an average price of $104.89 per Bbl, and 19,692 Mcf of natural gas (635 Mcf/D) at $0.71 per Mcf. Oil cash receipts were $1.58 million, down $0.01 million from the prior distribution period, mainly from lower oil volumes partly offset by higher prices. Natural gas cash receipts were $0.01 million, also down $0.01 million, mainly due to lower gas prices partly offset by higher gas volumes.

Total direct operating expenses were $0.49 million, a decrease of $0.08 million, and severance and ad valorem taxes were $0.07 million, down $0.14 million, largely reflecting lower ad valorem taxes. Capital expenditures totaled $4,128, and the net profits calculation included $385,000 (net to the Trust) reserved by T2S Permian Acquisition II to cover future ad valorem taxes and workovers.

Positive

• $274,696 monthly cash distribution, $0.022579 per Trust Unit
• Oil cash receipts $1.58 million for current month
• Direct operating expenses reduced to $0.49 million (down $0.08 million)
• Severance and ad valorem taxes down to $0.07 million (down $0.14 million)
• Modest capital expenditures of only $4,128 in current month

Negative

• Oil cash receipts decreased by $0.01 million versus prior period
• Natural gas cash receipts fell by $0.01 million versus prior period
• $385,000 reserved by T2S reduces current net profits available for distribution

News Explained

PermRock Royalty Trust holds a net profits interest, meaning its stated entitlement is 80% of the net profits from oil and natural-gas production on specified properties, rather than a claim on gross production revenue.

News Market Reaction – PRT

-4.12%

-4.12% Session close to close

In the Jul 21 session, PRT declined 4.12%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

Historical distribution announcements recorded reactions of 4.98% and -5.75%. This platform record a...

Analysis

Historical distribution announcements recorded reactions of 4.98% and -5.75%. This platform record adds context to the monthly payout while highlighting exposure to changing production, commodity prices, operating expenses, and taxes.

Key Figures

Cash distribution: $274,696.04 Distribution per unit: $0.022579 per Trust Unit Oil sales volume: 15,086 Bbls +5 more

8 metrics

Cash distribution $274,696.04 July 2026 declaration

Distribution per unit $0.022579 per Trust Unit July 2026 declaration

Oil sales volume 15,086 Bbls Current month

Natural gas sales volume 19,692 Mcf Current month

Average oil price $104.89 per Bbl Current month average received wellhead price

Average natural gas price $0.71 per Mcf Current month average received wellhead price

Direct operating expenses $0.49 million Current month

Severance and ad valorem taxes $0.07 million Current month net profits calculation

Historical Context

5 past events · Latest: Jun 18 (Neutral)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Jun 18	Cash distribution	Neutral	+5.0%	Declared June distribution based principally on April production
May 18	Cash distribution	Neutral	-3.8%	Declared May distribution based principally on March production
Apr 20	Cash distribution	Neutral	-0.7%	Declared April distribution based principally on February production
Mar 20	Cash distribution	Neutral	-2.1%	Declared March distribution based principally on January production
Feb 17	Cash distribution	Neutral	-5.8%	Declared February distribution based principally on December production

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

Pattern Detected

The five prior monthly cash-distribution announcements had mixed 24-hour reactions, with four negative moves and one positive move.

Key Terms

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

4 terms

net profits interest financial

"representing the right to receive 80% of the net profits"

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, July 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 July 31, 2026, and payable on August 14, 2026, in the amount of $274,696.04 ($0.022579 per Trust Unit), based principally upon production during the month of May 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	15,086	487	19,692	635	$104.89	$0.71
Prior Month	16,905	564	5,278	176	$94.20	$3.72

Oil cash receipts for the properties underlying the Trust totaled $1.58 million for the current month, a decrease of $0.01 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, partially offset by an increase in oil prices.

Natural gas cash receipts for the properties underlying the Trust totaled $0.01 million for the current month, a decrease of $0.01 million from the prior month's distribution period. T2S informed the Trust that this decrease was primarily due to a decrease in natural gas prices, partially offset by an increase in natural gas sales volumes.

Total direct operating expenses, including marketing, lease operating expenses, and workover expenses, were $0.49 million, a decrease of $0.08 million from the prior month's distribution period. T2S informed the Trust that this decrease was primarily due to decreases 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 $0.14 million from the prior month's distribution period. T2S informed the Trust that this decrease was primarily due to a decrease in ad valorem taxes.

Capital expenditures were $4,128 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 $385,000 net to the Trust of funds reserved by T2S to cover future ad valorem taxes and workovers.

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-302830545.html

SOURCE PermRock Royalty Trust

FAQ

What monthly cash distribution did PermRock Royalty Trust (PRT) declare for July 2026?

PermRock Royalty Trust declared a monthly cash distribution of $274,696.04, or $0.022579 per Trust Unit. According to PermRock Royalty Trust, it will be paid on August 14, 2026 to unitholders of record as of July 31, 2026.

When will PermRock Royalty Trust (PRT) pay its August 14, 2026 distribution and what is the record date?

The distribution will be paid on August 14, 2026 to holders of record on July 31, 2026. According to PermRock Royalty Trust, this payment reflects net profits primarily from May 2026 oil and natural gas production.

How did oil and gas production and prices for PermRock Royalty Trust (PRT) change in the current distribution period?

Current-month underlying oil volumes were 15,086 Bbls at $104.89 per Bbl, and gas volumes were 19,692 Mcf at $0.71 per Mcf. According to PermRock Royalty Trust, oil volumes decreased while oil prices rose; gas volumes increased while gas prices declined.

What were PermRock Royalty Trust (PRT) oil and natural gas cash receipts for the May 2026 production period?

Oil cash receipts were $1.58 million and natural gas cash receipts were $0.01 million for the current month. According to PermRock Royalty Trust, both declined by $0.01 million from the prior distribution period for their respective commodities.

How much did PermRock Royalty Trust (PRT) report in operating expenses and taxes for the latest distribution?

Total direct operating expenses were $0.49 million, and severance and ad valorem taxes were $0.07 million. According to PermRock Royalty Trust, operating expenses fell by $0.08 million and taxes decreased by $0.14 million from the prior period.

What reserves did T2S set aside that affect PermRock Royalty Trust (PRT) net profits for this distribution?

The net profits calculation included $385,000, net to the Trust, reserved by T2S for future ad valorem taxes and workovers. According to PermRock Royalty Trust, this reserve is part of the current month’s net profits calculation impacting distributable amounts.

What capital expenditures were reported for the properties underlying PermRock Royalty Trust (PRT) in the current month?

Capital expenditures totaled $4,128 for the current month. According to PermRock Royalty Trust, this mainly reflects intangible and tangible completion costs on non-operated wells, partially offset by a credit to tangible drilling costs.