PermRock Royalty Trust (PRT) declares $32,413 cash distribution from March 2026 output

Rhea-AI Filing Summary

PermRock Royalty Trust declared a monthly cash distribution of $32,413.45, or $0.002664 per Trust Unit, to record holders as of May 29, 2026, payable on June 12, 2026. The payout is based principally on oil and gas production from March 2026.

Underlying oil sales volumes rose to 16,058 Bbls at an average price of $84.11 per Bbl, while natural gas volumes were 22,407 Mcf at $1.61 per Mcf. Oil cash receipts were $1.35 million and natural gas cash receipts were $0.04 million. Direct operating expenses increased to $0.93 million, and severance and ad valorem taxes were $0.06 million.

Capital expenditures for the month totaled $9,317, and the net profits calculation included $50,000 reserved for future ad valorem taxes, all affecting the net amount available for distribution.

8-K Event Classification

2 items: 2.02, 9.01

2 items

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.

Key Figures

Monthly distribution: $32,413.45 Distribution per unit: $0.002664 per Trust Unit Oil cash receipts: $1.35 million +5 more

8 metrics

Monthly distribution $32,413.45 Cash distribution payable June 12, 2026

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

Oil cash receipts $1.35 million Current month underlying properties

Natural gas cash receipts $0.04 million Current month underlying properties

Direct operating expenses $0.93 million Marketing, lease operating, workover expenses

Severance and ad valorem taxes $0.06 million Included in current net profits calculation

Capital expenditures $9,317 Current month intangible completion costs

Ad valorem tax reserve $50,000 Funds reserved in net profits calculation

Key Terms

net profits interest, severance and ad valorem taxes, intangible completion costs, forward-looking statements, +1 more

5 terms

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 $0.06 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.

intangible completion costs financial

"Capital expenditures totaled $9,317 for the current month... related to intangible completion costs"

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: May 18, 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 May 18, 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 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.

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 May 18, 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:	May 18, 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, May 18, 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 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

FAQ

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

PermRock Royalty Trust declared a monthly cash distribution of $32,413.45, or $0.002664 per Trust Unit. The distribution goes to record holders as of May 29, 2026, and will be paid on June 12, 2026, based mainly on March 2026 production.

How did PermRock Royalty Trust’s March 2026 oil and gas volumes and prices compare to the prior month?

For the current month, oil sales volumes were 16,058 Bbls at $84.11 per Bbl, and natural gas volumes were 22,407 Mcf at $1.61 per Mcf. The prior month had 13,416 Bbls at $60.96 and 18,797 Mcf at $1.70.

What were PermRock Royalty Trust’s oil and natural gas cash receipts for the current distribution period?

Oil cash receipts for the underlying properties totaled $1.35 million, an increase of $0.53 million from the prior distribution period. Natural gas cash receipts were $0.04 million, described as a slight increase, primarily due to higher natural gas sales volumes.

What operating expenses and taxes affected PermRock Royalty Trust’s latest net profits calculation?

Total direct operating expenses, including marketing, lease operating, and workover expenses, were $0.93 million, up $0.48 million from the prior period. Severance and ad valorem taxes included in the net profits calculation were $0.06 million, a slight $0.02 million increase, mainly from higher severance taxes.

How much did PermRock Royalty Trust spend on capital expenditures for the current month?

Capital expenditures for the current month totaled $9,317. T2S Permian Acquisition II LLC informed the Trust that these minimal capital expenses related to intangible completion costs, which are part of developing and completing oil and natural gas wells on the underlying properties.

What tax-related reserves were included in PermRock Royalty Trust’s net profits calculation?

The current month’s net profits calculation included $50,000 net to the Trust reserved by T2S to cover future ad valorem taxes. This reserve reduces the amount currently distributable but is intended to meet anticipated property tax obligations on the underlying assets.

What does PermRock Royalty Trust’s net profits interest represent for unitholders?

The Trust owns a net profits interest representing the right to receive 80% of net profits from oil and natural gas production on certain Permian Basin properties operated by T2S. Distributions to unitholders are based on these net profits after expenses, taxes, and reserves.

Filing Exhibits & Attachments

1 document

Press Releases

• EX-99.1 EX-99.1 28.9 KB