PermRock Royalty Trust Declares Monthly Cash Distribution
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
News Market Reaction – PRT
In the Jun 18 session, PRT gained 4.98%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| May 18 | Monthly distribution update | Positive | -3.8% | Very small March 2026 distribution driven by higher expenses and tax accruals. |
| Apr 20 | Monthly distribution update | Positive | -0.7% | February 2026 distribution with modest cash payout and rising operating expenses. |
| Mar 20 | Monthly distribution update | Positive | -2.1% | January 2026 distribution reflecting lower oil receipts and applied reserve funds. |
| Feb 17 | Monthly distribution update | Positive | -5.8% | December 2025 distribution with solid oil volumes and no capital spending. |
| Jan 20 | Monthly distribution update | Positive | -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.
Recent monthly distribution announcements have often been followed by negative next-day price moves despite being cash payouts.
Key Terms
net profits interest financial
wellhead prices technical
workover expenses technical
ad valorem taxes regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
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 | |||||||
Prior Month | 16,058 | 518 | 22,407 | 723 | |||||||
Oil cash receipts for the properties underlying the Trust totaled
Natural gas cash receipts for the properties underlying the Trust totaled
Total direct operating expenses, including marketing, lease operating expenses, and workover expenses, were
Severance and ad valorem taxes included in this month's net profits calculation were
Capital expenditures reflected a net credit of
T2S informed the Trust that this month's net profits calculation included
About PermRock Royalty Trust
PermRock Royalty Trust is a Delaware statutory trust formed to own a net profits interest representing the right to receive
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