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  4. [8-K] PermRock Royalty Trust Reports Material Event

Monthly payout: PermRock Royalty Trust (NYSE: PRT) sets $0.0226/unit

Filing Impact
(Very High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

PermRock Royalty Trust declared a monthly cash distribution of $274,696.04, or $0.022579 per Trust Unit, payable on August 14, 2026 to unitholders of record on July 31, 2026, based principally on oil and natural gas production during May 2026.

Underlying current-month production totaled 15,086 Bbls of oil and 19,692 Mcf of natural gas, with average wellhead prices of $104.89 per Bbl and $0.71 per Mcf. Oil cash receipts were $1.58 million and natural gas cash receipts $0.01 million. Direct operating expenses were $0.49 million and severance and ad valorem taxes $0.07 million, both lower than in the prior distribution period. Capital expenditures were $4,128, and the net profits calculation included $385,000 reserved by T2S Permian Acquisition II LLC to cover future ad valorem taxes and workovers.

Positive

  • None.

Negative

  • None.

Filing Explained

PermRock’s 80% net-profits interest means the declared distribution is calculated after property-level costs, not from gross sales.

The filing leaves the event at the declared, not paid, stage: the Trust reports an 80% net profits interest, meaning the distribution is tied to net profits from specified properties rather than gross production.

As an Item 2.02 disclosure, the operating-results information is furnished rather than filed for purposes of Section 18 liability; Form 8-K is used to report specified material events.

PermRock Royalty Trust does not own the underlying properties outright in this disclosure; T2S owns and operates them, while the Trust holds the right to receive 80% of the net profits from oil and natural-gas sales.

The release identifies commodity prices, Trust expenses, future cash retentions, advancements or recoupments, and reserves for anticipated expenses as factors that can affect future distributions.

Item 2.02 Results of Operations and Financial Condition Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Monthly cash distribution $274,696.04 Payable August 14, 2026 to unitholders of record July 31, 2026
Distribution per Trust Unit $0.022579 per Trust Unit Monthly cash distribution rate for the current period
Oil underlying sales volume 15,086 Bbls Current-month underlying oil sales volume in net profits calculation
Natural gas underlying sales volume 19,692 Mcf Current-month underlying natural gas sales volume in net profits calculation
Average oil price $104.89 per Bbl Current-month average received wellhead price for oil
Total direct operating expenses $0.49 million Direct operating expenses for properties underlying the Trust; decreased $0.08 million vs prior month
Severance and ad valorem taxes $0.07 million Taxes in current month net profits calculation; decreased $0.14 million vs prior month
Funds reserved for future costs $385,000 Amount net to the Trust reserved by T2S for future ad valorem taxes and workovers
Capital expenditures $4,128 Current-month capital expenditures on non-operated wells and related completion costs
net profits interest financial
"formed to own a net profits interest representing the right to receive 80%"
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.
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.
workover expenses technical
"Total direct operating expenses, 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.
net profits calculation financial
"this month’s net profits calculation included $385,000 net to the Trust"
severance taxes regulatory
"Severance and ad valorem taxes included in this month’s net profits calculation"
Severance taxes are charges governments levy when natural resources like oil, gas, coal or minerals are extracted from the ground; think of it as a toll for taking nonrenewable materials out of a region. They matter to investors because they directly raise the cost of production, reduce project returns, and influence where companies choose to operate, while also providing a predictable revenue stream for local and state budgets that can affect broader economic conditions.
Monthly cash distribution $274,696.04
Oil cash receipts $1.58 million decrease of $0.01 million from the prior month’s distribution period
Natural gas cash receipts $0.01 million decrease of $0.01 million from the prior month’s distribution period
Total direct operating expenses $0.49 million decrease of $0.08 million from the prior month’s distribution period
Severance and ad valorem taxes $0.07 million decrease of $0.14 million from the prior month’s distribution period

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

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FAQ

What monthly cash distribution did PermRock Royalty Trust (PRT) declare?
PermRock Royalty Trust declared a $274,696.04 cash distribution, or $0.022579 per Trust Unit. It is payable on August 14, 2026 to unitholders of record as of July 31, 2026, based principally on May 2026 production.

What were PermRock Royalty Trust (PRT)'s underlying oil and gas volumes for the current month?
Underlying current-month volumes were 15,086 Bbls of oil (487 Bbls/D) and 19,692 Mcf of natural gas (635 Mcf/D). These figures reflect production attributable to the net profits interest used to compute the latest monthly distribution.

How did commodity prices for PermRock Royalty Trust (PRT) change versus the prior month?
Average oil price increased to $104.89 per Bbl from $94.20 per Bbl, while natural gas price decreased to $0.71 per Mcf from $3.72 per Mcf. These price moves, combined with volume changes, affected current cash receipts.

What operating expenses and taxes affected PermRock Royalty Trust (PRT)'s latest distribution?
Total direct operating expenses were $0.49 million, a decrease of $0.08 million from the prior period. Severance and ad valorem taxes were $0.07 million, down $0.14 million. These amounts factored into the current net profits calculation.

What assets support PermRock Royalty Trust (PRT)'s net profits interest?
PermRock Royalty Trust holds a net profits interest in 80% of the net profits from certain oil and natural gas properties owned and operated by T2S Permian Acquisition II LLC in the Permian Basin of West Texas.

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report: July 21, 2026

 

 

PERMROCK ROYALTY TRUST

(Exact name of Registrant as Specified in Its Charter)

 

 

Delaware

001-38472

82-6725102

(State or Other Jurisdiction
of Incorporation)

(Commission File Number)

(IRS Employer
Identification No.)

 

 

 

 

 

Argent Trust Company, Trustee

3838 Oak Lawn Ave.

Suite 1720

 

Dallas, Texas

 

75219

(Address of Principal Executive Offices)

 

(Zip Code)

 

Registrant’s Telephone Number, Including Area Code: 855 588-7839

 

 

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class

 

Trading
Symbol(s)

 


Name of each exchange on which registered

Units of Beneficial Interest

 

PRT

 

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
 

Item 2.02 Results of Operations and Financial Condition.

On July 21, 2026, PermRock Royalty Trust (the “Trust”) issued a press release, a copy of which is attached hereto as Exhibit 99.1, announcing, among other things, a 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.

 

In accordance with general instruction B.2 to Form 8-K, the information in this Form 8-K shall be deemed “furnished” and not “filed” with the Securities and Exchange Commission for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section.

Item 9.01 Financial Statements and Exhibits

 

Exhibit No.

 

Description

99.1

 

Press Release dated July 21, 2026

 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

PERMROCK ROYALTY TRUST

 

 

By:

Argent Trust Company, as Trustee

 

 

 

 

Date:

July 21, 2026

By:

/s/ Nancy Willis

 

 

 

Nancy Willis

Director of Royalty Trust Services, Trust Administrator

 

(The Trust has no directors or executive officers.)

 

PermRock Royalty Trust

News Release
 

PermRock Royalty Trust

Declares Monthly Cash Distribution

 

DALLAS, Texas, July 21, 2026 – 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

 

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

1 document

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