PermRock Royalty Trust Declares Monthly Cash Distribution

PermRock Royalty Trust (NYSE:PRT) declared a monthly cash distribution of $370,879.54, or $0.030485 per Trust Unit, to holders of record on June 30, 2026, payable July 15, 2026, based mainly on April 2026 production.

Rhea-AI Summary

PermRock Royalty Trust (NYSE:PRT) declared a monthly cash distribution of $370,879.54, or $0.030485 per Trust Unit, to holders of record on June 30, 2026, payable July 15, 2026, based mainly on April 2026 production.

Underlying April oil volumes were 16,905 Bbls at $94.20/Bbl and natural gas volumes were 5,278 Mcf at $3.72/Mcf. Oil cash receipts were $1.59 million, up $0.24 million, while natural gas cash receipts were $0.02 million, down $0.02 million. Direct operating expenses were $0.57 million, down $0.36 million. Severance and ad valorem taxes were $0.21 million, up $0.15 million. Capital expenditures showed a net credit of $12,436, and the net profits calculation included $100,000 reserved for future taxes and workovers.

Positive

• Monthly cash distribution of $370,879.54, or $0.030485 per Trust Unit
• Oil cash receipts $1.59 million, up $0.24 million from prior period
• Direct operating expenses $0.57 million, down $0.36 million versus prior period
• Capital expenditures recorded a net credit of $12,436 for the month

Negative

• Natural gas cash receipts $0.02 million, down $0.02 million from prior period
• Severance and ad valorem taxes $0.21 million, up $0.15 million
• $100,000 reserved from net profits for future ad valorem taxes and workovers

Argus Jun 18 session

+4.98% close to close Open Argus

Details

News Market Reaction – PRT

On Jun 18, the day this news came out, PRT closed 4.98% above the previous close.

Data tracked by StockTitan Argus for the Jun 18 session.

Market Context

This announcement highlights a larger $370,879.54 monthly distribution supported by higher oil recei...

Analysis

This announcement highlights a larger $370,879.54 monthly distribution supported by higher oil receipts and lower operating costs. However, higher severance and ad valorem taxes and reserved funds for future workovers remain key factors for future distributions.

Key Figures

Monthly distribution: $370,879.54 Distribution per unit: $0.030485 per Trust Unit Oil cash receipts: $1.59M +5 more

Monthly distribution

$370,879.54

Total cash distribution payable July 15, 2026 to holders of record June 30, 2026

Distribution per unit

$0.030485 per Trust Unit

Payout per unit based principally on April 2026 production

Oil cash receipts

$1.59M

Current month oil receipts for properties underlying the Trust

Direct operating expenses

$0.57M

Current month total direct operating expenses, down $0.36M vs prior period

Severance and ad valorem taxes

$0.21M

Current month taxes, up $0.15M vs prior distribution period

Capital expenditures credit

$12,436

Net credit reflecting tangible drilling cost adjustment for non-operated wells

Reserved funds

$100,000

Net to the Trust reserved for future ad valorem taxes and workovers in Q3 2026

Realized oil price

$94.20 per Bbl

Average received wellhead price for April 2026 oil production

Historical Context

5 past events · Latest: May 18

5 events

1. May 18

   Monthly distribution update

   24h Move

   -3.8%

   Very small March 2026 distribution driven by higher expenses and tax accruals.

2. Apr 20

   Monthly distribution update

   24h Move

   -0.7%

   February 2026 distribution with modest cash payout and rising operating expenses.

3. Mar 20

   Monthly distribution update

   24h Move

   -2.1%

   January 2026 distribution reflecting lower oil receipts and applied reserve funds.

4. Feb 17

   Monthly distribution update

   24h Move

   -5.8%

   December 2025 distribution with solid oil volumes and no capital spending.

5. Jan 20

   Monthly distribution update

   24h Move

   -1.6%

   November 2025 distribution featuring higher oil receipts and lower operating expenses.

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

Key Terms

net profits interest, wellhead prices, workover expenses, ad valorem taxes

4 terms

net profits interest financial

"net profits interest calculations:"

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

"sales volumes and average received wellhead prices attributable"

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.

workover expenses technical

"including marketing, lease operating expenses, and workover expenses"

Workover expenses are the costs a company incurs to repair, maintain or upgrade an existing oil or gas well so it can produce safely and efficiently. Investors care because these outlays affect short‑term cash flow and can boost future production and revenue—think of it like paying to repair and tune a car so it runs longer and faster; the immediate bill reduces cash but can increase the car’s value and performance over time.

ad valorem taxes regulatory

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

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.

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

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DALLAS, June 18, 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 June 30, 2026, and payable on July 15, 2026, in the amount of $370,879.54 ($0.030485 per Trust Unit), based principally upon production during the month of April 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	16,905		564		5,278		176		$94.20		$3.72
Prior Month	16,058		518		22,407		723		$84.11		$1.61

Oil cash receipts for the properties underlying the Trust totaled $1.59 million for the current month, an increase of $0.24 million from the prior month's distribution period. T2S Permian Acquisition II LLC ("T2S") informed the Trust that this increase was primarily due to an increase in oil sales volumes and oil prices.

Natural gas cash receipts for the properties underlying the Trust totaled $0.02 million for the current month, a decrease of $0.02 million from the prior month's distribution period. T2S informed the Trust that this decrease was primarily due to a decrease in natural gas sales volumes, partially offset by an increase in natural gas prices.

Total direct operating expenses, including marketing, lease operating expenses, and workover expenses, were $0.57 million, a decrease of $0.36 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 $0.21 million, an increase of $0.15 million from the prior month's distribution period. T2S informed the Trust that this increase was primarily due to an increase in ad valorem taxes resulting from the recognition of remaining severance taxes paid during the first quarter of 2026.

Capital expenditures reflected a net credit of $12,436 for the current month. T2S informed the Trust that this amount primarily reflected a credit to tangible drilling costs, partially offset by intangible completion costs and tangible completion costs attributable to non-operated wells.

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 and workovers budgeted for the third quarter of 2026.

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-302803837.html

SOURCE PermRock Royalty Trust

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What monthly cash distribution did PermRock Royalty Trust (NYSE:PRT) declare for June 2026?

PermRock Royalty Trust declared a monthly cash distribution of $370,879.54, or $0.030485 per Trust Unit. According to the Trust, this distribution is based mainly on production from April 2026 and will be paid to unitholders of record on June 30, 2026.

When are the record date and payment date for PermRock Royalty Trust (PRT) June 2026 distribution?

The record date is June 30, 2026, and the payment date is July 15, 2026. According to PermRock Royalty Trust, unitholders of record on June 30 will receive the $0.030485 per-unit cash distribution on the July 15, 2026 payment date.

How did April 2026 production affect PermRock Royalty Trust (PRT) June 2026 distribution?

The June 2026 distribution is principally based on April 2026 oil and gas production. According to the Trust, April underlying volumes were 16,905 Bbls of oil and 5,278 Mcf of natural gas, with received prices of $94.20 per Bbl and $3.72 per Mcf.

What were oil and natural gas cash receipts supporting PermRock Royalty Trust (PRT) June 2026 payout?

Oil cash receipts were $1.59 million and natural gas cash receipts were $0.02 million for the period. According to PermRock, oil receipts increased $0.24 million, while gas receipts decreased $0.02 million compared with the prior distribution period.

How did operating expenses and taxes impact PermRock Royalty Trust (PRT) June 2026 distribution?

Direct operating expenses were $0.57 million and severance and ad valorem taxes were $0.21 million. According to the Trust, operating expenses fell by $0.36 million, while taxes rose by $0.15 million versus the prior distribution period, affecting net profits available.

What capital expenditures and reserves were included in PermRock Royalty Trust (PRT) June 2026 net profits?

Capital expenditures reflected a net credit of $12,436 and $100,000 was reserved from net profits. According to PermRock, the credit mainly related to tangible drilling costs, while the reserve is earmarked for third-quarter 2026 ad valorem taxes and workovers.