PermRock Royalty Trust Declares Monthly Cash Distribution

Rhea-AI Summary

PermRock Royalty Trust (NYSE:PRT) declared a monthly cash distribution of $32,413.45, or $0.002664 per Trust Unit, to unitholders of record on May 29, 2026, payable June 12, 2026, based mainly on March 2026 oil and gas production.

Oil sales volumes rose to 16,058 Bbls at $84.11/Bbl, and natural gas volumes to 22,407 Mcf at $1.61/Mcf. Oil cash receipts were $1.35 million and gas $0.04 million. Direct operating expenses increased to $0.93 million, with $0.06 million in taxes and $9,317 in capital expenditures.

Positive

• Monthly cash distribution of $32,413.45 or $0.002664 per unit
• Oil sales volumes increased to 16,058 Bbls from 13,416 Bbls
• Average oil price rose to $84.11 per Bbl from $60.96
• Oil cash receipts reached $1.35 million, up $0.53 million month over month
• Natural gas sales volumes increased to 22,407 Mcf from 18,797 Mcf

Negative

• Total direct operating expenses rose to $0.93 million, up $0.48 million
• Severance and ad valorem taxes increased to $0.06 million, up $0.02 million
• $50,000 reserved from net profits for future ad valorem taxes

News Market Reaction – PRT

-3.76%

-3.76% Session close to close

In the May 18 session, PRT declined 3.76%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement details a small monthly distribution of $32,413.45, or $0.002664 per unit, based o...

Analysis

This announcement details a small monthly distribution of $32,413.45, or $0.002664 per unit, based on March 2026 production. Oil volumes of 16,058 Bbls at $84.11 per Bbl and gas volumes of 22,407 Mcf at $1.61 per Mcf supported oil cash receipts of $1.35 million. However, direct operating expenses rose to $0.93 million. Investors may track how future distributions balance commodity pricing, operating costs, and any additional reserves for taxes or capital workovers.

Key Figures

May 2026 distribution: $32,413.45 total Distribution per unit: $0.002664 per Trust Unit Oil sales volume: 16,058 Bbls +5 more

8 metrics

May 2026 distribution $32,413.45 total Payable June 12, 2026; record date May 29, 2026

Distribution per unit $0.002664 per Trust Unit Based principally on March 2026 production

Oil sales volume 16,058 Bbls Underlying March 2026 production for current distribution

Natural gas volume 22,407 Mcf Underlying March 2026 production for current distribution

Oil price $84.11 per Bbl Average received wellhead price, March 2026

Gas price $1.61 per Mcf Average received wellhead price, March 2026

Oil cash receipts $1.35 million Current month; up $0.53M from prior period

Direct operating expenses $0.93 million Current month; up $0.48M from prior period

Historical Context

5 past events · Latest: Apr 20 (Neutral)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Apr 20	Monthly distribution	Neutral	-0.7%	Very small cash distribution based on February 2026 production metrics.
Mar 20	Monthly distribution	Neutral	-2.1%	Routine payout tied to January 2026 production and net profits calculation.
Feb 17	Monthly distribution	Neutral	-5.8%	Distribution based on December 2025 volumes with moderate operating costs and taxes.
Jan 20	Monthly distribution	Neutral	-1.6%	Cash payout from November 2025 production with reduced expenses and taxes.
Dec 19	Monthly distribution	Neutral	+0.0%	October 2025 production drove a mid-range monthly cash distribution.

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

Pattern Detected

Routine monthly distribution headlines have often coincided with flat-to-negative next-day moves, even when payout amounts were much higher than the current month.

Recent Company History

Over the last five distribution announcements from December 2025 through April 2026, PermRock’s monthly cash payouts have trended lower from about $199k–$236k per month to just $5,756.78 in April 2026. Underlying volumes and prices have fluctuated, while operating expenses and taxes have absorbed a larger share of cash flow at times. Despite the routine nature of these updates, unit prices typically moved modestly negative or flat in the subsequent 24 hours, indicating limited enthusiasm for standard distribution news.

Key Terms

net profits interest, wellhead prices, lease operating expenses, workover expenses, +2 more

6 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

"average received wellhead prices attributable to the current and prior"

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.

lease operating expenses financial

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

Costs required to keep a leased property or asset running, including routine maintenance, repairs, utilities, insurance, property taxes and management fees that the lessee or lessor must pay while the lease is active. Investors care because these recurring outlays reduce net income and cash flow from the lease—like owning a rental where you still pay for upkeep—so they affect profitability, yield and the true return on an investment tied to leased assets.

workover expenses financial

"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.

severance and ad valorem taxes financial

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

Severance and ad valorem taxes are two types of government charges that companies pay: severance taxes are levied when natural resources (like oil, gas, coal, or minerals) are removed from the ground, like a fee for taking something valuable out of the earth; ad valorem taxes are charged based on the assessed value of an asset, similar to a property tax that rises with the asset’s worth. For investors they matter because these taxes reduce project revenue and cash flow, change operating costs and asset valuations, and can alter the expected return on resource or real-estate investments.

capital expenditures financial

"Capital expenditures totaled $9,317 for the current month."

Capital expenditures are the money a company spends to buy or improve big assets like buildings, equipment, or machines that will last a long time. These investments matter because they help the company grow and operate more efficiently, similar to how upgrading a home’s appliances or adding a new room can make it better and more valuable.

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DALLAS, May 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 May 29, 2026, and payable on June 12, 2026, in the amount of $32,413.45 ($0.002664 per Trust Unit), based principally upon production during the month of March 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	16,058	518	22,407	723	$84.11	$1.61
Prior Month	13,416	479	18,797	671	$60.96	$1.70

Oil cash receipts for the properties underlying the Trust totaled $1.35 million for the current month, an increase of $0.53 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 $0.04 million for the current month, a slight increase from the prior month's distribution period. T2S informed the Trust this slight increase was primarily due to an increase in natural gas sales volumes.

Total direct operating expenses, including marketing, lease operating expenses, and workover expenses, were $0.93 million, an increase of $0.48 million from the prior month's distribution period. T2S informed the Trust that this increase was due to increases in marketing, lease operating expenses, and workover expenses.

Severance and ad valorem taxes included in this month's net profits calculation were $0.06 million, a slight increase of $0.02 million from the prior month's distribution period. T2S informed the Trust that this increase was primarily due to an increase in severance taxes. 

Capital expenditures totaled $9,317 for the current month. T2S informed the Trust that these minimal capital expenses were related to intangible completion costs.

T2S informed the Trust that this month's net profits calculation included $50,000 net to the Trust of funds reserved by T2S to cover future ad valorem taxes.

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-302773993.html

SOURCE PermRock Royalty Trust

FAQ

What monthly cash distribution did PermRock Royalty Trust (NYSE:PRT) declare on May 18, 2026?

PermRock Royalty Trust declared a monthly cash distribution of $32,413.45, or $0.002664 per Trust Unit. According to the Trust, the payout is based principally on net profits from oil and gas production during March 2026.

What are the record date and payment date for PermRock Royalty Trust's May 2026 cash distribution (PRT)?

The distribution is payable on June 12, 2026 to unitholders of record as of May 29, 2026. According to PermRock Royalty Trust, only investors holding Trust Units on the record date will receive this monthly cash distribution.

How did PermRock Royalty Trust's March 2026 underlying oil and gas volumes and prices change?

Underlying March 2026 oil volumes were 16,058 Bbls at $84.11/Bbl and gas volumes were 22,407 Mcf at $1.61/Mcf. According to PermRock Royalty Trust, both oil volumes and prices increased compared with the prior distribution period.

How did oil and natural gas cash receipts for PermRock Royalty Trust change in the current distribution period?

Oil cash receipts totaled $1.35 million, up $0.53 million from the prior period, while natural gas receipts were $0.04 million. According to the Trust, these increases were mainly driven by higher oil and gas sales volumes and stronger oil prices.

What were PermRock Royalty Trust's direct operating expenses and taxes for the current net profits calculation?

Total direct operating expenses were $0.93 million, an increase of $0.48 million, and taxes were $0.06 million. According to PermRock Royalty Trust, higher marketing, lease operating, workover expenses, and severance taxes contributed to these increases.

Why did PermRock Royalty Trust reserve $50,000 from this month's net profits calculation?

This month's net profits calculation included $50,000 net to the Trust reserved for future ad valorem taxes. According to PermRock Royalty Trust, T2S Permian Acquisition II LLC set aside these funds specifically to help cover upcoming ad valorem tax obligations.