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PermRock Royalty Trust (NYSE: PRT) declares $5,756.78 monthly payout

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8-K

Rhea-AI Filing Summary

PermRock Royalty Trust declared a monthly cash distribution of $5,756.78, or $0.000473 per Trust Unit, to holders of record as of April 30, 2026, payable on May 14, 2026, based principally on February 2026 production.

Underlying February oil sales volumes were 13,416 Bbls and natural gas sales volumes were 18,797 Mcf, with average received prices of $60.96 per Bbl for oil and $1.70 per Mcf for natural gas. Oil cash receipts were $0.82 million, up $0.13 million from the prior distribution period, while natural gas cash receipts were $0.03 million. Direct operating expenses were $0.45 million, up $0.11 million, and severance and ad valorem taxes were $0.04 million, down $0.04 million, with no capital expenditures reported.

Positive

  • None.

Negative

  • None.
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 distribution total $5,756.78 Cash distribution payable May 14, 2026
Distribution per unit $0.000473 per Trust Unit Based on record date April 30, 2026
Oil sales volume 13,416 Bbls Underlying sales for current month net profits
Natural gas sales volume 18,797 Mcf Underlying sales for current month net profits
Average oil price $60.96 per Bbl Current month average received wellhead price
Average gas price $1.70 per Mcf Current month average received wellhead price
Oil cash receipts $0.82 million Current month, up $0.13 million from prior period
Direct operating expenses $0.45 million Current month, up $0.11 million from prior period
net profits interest financial
"formed to own a net profits interest representing the right to receive 80% of the net profits"
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.
severance and ad valorem taxes financial
"Severance and ad valorem taxes included in this month’s net profits calculation were $0.04 million"
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.
workover expenses financial
"Total direct operating expenses, including marketing, lease operating expenses, and workover expenses, were $0.45 million"
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.
forward-looking statements regulatory
"Certain statements contained in this press release constitute “forward-looking statements.”"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
Emerging growth company regulatory
"Emerging growth company Item 2.02 Results of Operations and Financial Condition."
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
Understanding 8-K Material Events →

 

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: April 20, 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 April 20, 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 April 30, 2026, and payable on May 14, 2026, in the amount of $5,756.78 ($0.000473 per Trust Unit), based principally upon production during the month of February 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 April 20, 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:

April 20, 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, April 20, 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 April 30, 2026, and payable on May 14, 2026, in the amount of $5,756.78 ($0.000473 per Trust Unit), based principally upon production during the month of February 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

13,416

479

18,797

671

$60.96

$1.70

Prior Month

12,110

391

34,753

1,121

$57.04

$0.79

 

Oil cash receipts for the properties underlying the Trust totaled $0.82 million for the current month, an increase of $0.13 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 $0.03 million for the current month, essentially unchanged from the prior month’s distribution period despite the increase in natural gas sales prices. T2S informed the Trust that this was primarily due to a decrease in natural gas sales volumes.

Total direct operating expenses, including marketing, lease operating expenses, and workover expenses, were $0.45 million, an increase of $0.11 million from the prior month’s distribution period. T2S informed the Trust that this increase was due to increases in lease operating expenses and workover expenses.

Severance and ad valorem taxes included in this month’s net profits calculation were $0.04 million, a decrease of $0.04 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.

T2S reported no capital expenditures this month due to completion of all drilling commenced in 2025.

 

 

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

FAQ

What distribution did PermRock Royalty Trust (PRT) declare for unitholders?

PermRock Royalty Trust declared a monthly cash distribution of $5,756.78, or $0.000473 per Trust Unit. It is payable on May 14, 2026 to unitholders of record as of April 30, 2026, based on February 2026 production.

What were PermRock Royalty Trust’s underlying oil and gas sales volumes for February 2026?

For the current month’s calculation, underlying oil sales were 13,416 Bbls and natural gas sales were 18,797 Mcf. Average daily volumes were 479 Bbls/D of oil and 671 Mcf/D of gas, reflecting activity on the Permian Basin properties.

What prices did PermRock Royalty Trust receive for oil and gas in the current period?

The Trust’s underlying properties realized average wellhead prices of $60.96 per Bbl for oil and $1.70 per Mcf for natural gas. These prices are used in computing net profits that drive the Trust’s monthly cash distributions to unitholders.

How did cash receipts and expenses change for PermRock Royalty Trust this month?

Oil cash receipts were $0.82 million, up $0.13 million from the prior period, while natural gas cash receipts were $0.03 million. Direct operating expenses rose to $0.45 million, an increase of $0.11 million, and severance and ad valorem taxes fell to $0.04 million.

Did PermRock Royalty Trust report any capital expenditures in this distribution period?

T2S Permian Acquisition II LLC reported no capital expenditures for the month in this distribution calculation. It stated that all drilling commenced in 2025 has been completed, so no drilling-related capital spending affected this month’s net profits.

How is PermRock Royalty Trust’s net profits interest structured?

PermRock Royalty Trust owns a net profits interest representing the right to receive 80% of net profits from certain oil and natural gas properties operated by T2S in the Permian Basin. Monthly distributions are based on sales, expenses, and taxes associated with these properties.

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