Every 10-Q that PermRock Royalty Trust Trust Unit (PRT) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow PRT and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PRT filings page.
PermRock Royalty Trust reported lower distributable income for the quarter and six months ended June 30, 2026, as weaker production and gas pricing outweighed higher oil prices. For the quarter, net profits income was $697,904 versus $1,545,465 a year earlier, leading to distributable income of $409,050, or $0.033622 per unit. For the first half of 2026, net profits income was $1,345,337 compared with $3,256,228 in the prior-year period, and distributable income was $813,117, or $0.066834 per unit.
Oil and gas sales volumes from the Underlying Properties fell, while the average realized oil price rose and the average realized natural gas price declined. As of June 30, 2026, the Trust held $1.0 million in administrative cash reserves and $150,000 was reserved by T2S for future capital obligations, with the Net Profits Interest carried at $26.05 million. A subsequent distribution of $274,696.04, or $0.022579 per unit, was declared based on May 2026 production.
PermRock Royalty Trust reports sharply lower first-quarter 2026 results as production volumes and commodity prices weakened. Net profits income fell to $647,433 from $1,710,763 a year earlier, mainly due to lower oil and gas sales volumes and realized prices, plus weather disruptions in Texas.
Distributable income dropped to $404,068, or $0.033212 per unit, with three monthly distributions totaling that amount. Oil sales volumes declined to 44,572 Bbl and natural gas volumes to 61,849 Mcf, while average realized prices decreased to $57.17 per Bbl for oil and $1.50 per Mcf for gas.
Total assets were $27.3 million as of March 31, 2026, including a Net Profits Interest carrying value of $26.3 million and cash reserves of $1.0 million. T2S plans approximately $0.7 million of 2026 workovers across 22 shut-in wells and one plugging and abandonment.
PermRock Royalty Trust reported lower quarterly cash flow as oil volumes and prices declined. For Q3 2025, net profits income was $1,246,690 and distributable income was $1,111,576, or $0.091367 per unit, compared with $1,340,784 and $0.110208 per unit a year ago. Nine-month distributable income was $3,778,289 ($0.310563 per unit) versus $3,813,324 last year.
Oil sales volumes were 59,142 Bbl in Q3 2025 vs 70,584 Bbl in Q3 2024, with average realized oil price at $63.58/Bbl vs $78.07/Bbl. Natural gas volumes were 89,599 Mcf vs 90,213 Mcf, at $1.88/Mcf vs $2.07/Mcf. Lower operating and development costs partially offset revenue declines. Cash reserves remained at $1,000,000.
T2S, which assumed operations on March 31, 2025, revised the 2025 capital and workover plan from $4.0 million to $1.0 million (about $0.2 million spent as of September 30) and deferred two planned wells. On October 21, 2025, the Trust declared a $0.031565 per-unit distribution based on August 2025 production. Trust units outstanding were 12,165,732 as of November 13, 2025.
PermRock Royalty Trust receives an 80% net profits interest from Permian Basin properties and paid $1.20 million in distributable income for Q2 2025, or $0.098679 per unit, down from $1.35 million a year earlier. For the six months ended June 30, 2025, distributable income rose to $2.67 million, or $0.219196 per unit, from $2.47 million a year earlier, driven by higher gas prices and lower production and development costs.
The Trust's Net Profits Interest carrying value declined to $70.22 million from $72.38 million due to amortization. Cash and short-term investments totaled $1.54 million and cash reserves held by the Trustee remained $1.0 million. Boaz Energy conveyed its remaining 4,884,861 Trust units to Ustx, LLC and T2S assumed operations of the Underlying Properties; that transaction closed March 31, 2025. A 2018 lawsuit concluded in the Trust's favor on February 5, 2025. Capital reserves held by the operator were $318,174 net to the Trust as of June 30, 2025.