PermRock Trust declares $0.0196 per-unit payout

Rhea-AI Filing Summary

PermRock Royalty Trust (PRT) declared a monthly cash distribution of $238,742.30, or $0.0196242 per Trust Unit, to holders of record on September 30, 2026, payable October 15, 2026, based principally on July 2026 production from properties operated by T2S Permian Acquisition II LLC.

For the current month’s net profits calculation, underlying sales volumes were 15,632 Bbls of oil and 19,662 Mcf of natural gas, at average received prices of $79.81 per Bbl and $1.16 per Mcf. Oil cash receipts were $1.25 million, down $0.17 million from the prior period, while natural gas cash receipts were $0.02 million, up about $0.01 million.

Other revenue totaled $0.11 million, including salt water disposal income now presented as revenue. Total direct operating expenses were $0.66 million, and severance and ad valorem taxes were $0.06 million. Capital expenditures were $116,596, and the net profits calculation included a net release of $62,500 from funds previously reserved by T2S.

Filing Explained

The trust’s 80% net-profits interest makes distributions depend on property-level net profits; this 8-K furnishes, rather than files, the results information.

This Form 8-K reports a declared monthly distribution to holders of record on September 30, 2026, payable on October 15, 2026; the information is furnished rather than filed for Section 18 liability purposes.

The trust holds a net profits interest entitling it to 80% of net profits from oil and natural-gas production on specified T2S properties, so the interest is tied to net profits rather than gross sales.

The release classifies the distribution amount and date, future cash retentions, and T2S operations as forward-looking matters; it names commodity prices, expenses, and reserves among factors that could change results.

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, or exhibit attachments filed with this report.

Key Figures

Monthly cash distribution: $238,742.30 Distribution per Trust Unit: $0.0196242 per unit Underlying oil sales volume: 15,632 Bbls +5 more

8 metrics

Monthly cash distribution $238,742.30 Distribution based principally on July 2026 production, payable October 15, 2026

Distribution per Trust Unit $0.0196242 per unit Monthly cash distribution to holders of record on September 30, 2026

Underlying oil sales volume 15,632 Bbls Current month net profits calculation for July 2026 production

Underlying natural gas sales volume 19,662 Mcf Current month net profits calculation for July 2026 production

Average oil price $79.81 per Bbl Current month underlying wellhead price

Average natural gas price $1.16 per Mcf Current month underlying wellhead price

Oil cash receipts $1.25 million Current month, down $0.17 million from prior distribution period

Capital expenditures $116,596 Current month, including plugging and capital workover costs

Key Terms

net profits interest, severance and ad valorem taxes, capital expenditures, workover expenses, +1 more

5 terms

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.

severance and ad valorem taxes financial

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

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 were $116,596 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.

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.

intangible completion costs financial

"as well as intangible completion costs, partially offset by a credit"

Earnings Snapshot

Cash distribution per unit: $0.0196242

Monthly distribution based principally on July 2026 production

Cash distribution per unit $0.0196242

Total cash distribution $238,742.30

Oil cash receipts $1.25 million decrease of $0.17 million from prior distribution period

Natural gas cash receipts $0.02 million increase of approximately $0.01 million from prior distribution period

Total direct operating expenses $0.66 million essentially unchanged from prior distribution period

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What cash distribution did PermRock Royalty Trust (PRT) declare in this 8-K?

PermRock Royalty Trust declared a monthly cash distribution of $238,742.30, or $0.0196242 per Trust Unit, to unitholders of record as of September 30, 2026, payable on October 15, 2026, based principally on July 2026 production.

What were PRT’s underlying oil and gas sales volumes for the current month net profits calculation?

Underlying sales volumes were 15,632 Bbls of oil (504 Bbls/D) and 19,662 Mcf of natural gas (634 Mcf/D) for the current month’s net profits calculation tied to the July 2026 production period.

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

For the current month, the Trust’s underlying properties realized average wellhead prices of $79.81 per Bbl for oil and $1.16 per Mcf for natural gas, as used in the net profits interest calculation.

How did oil and natural gas cash receipts for PRT compare to the prior distribution period?

Oil cash receipts totaled $1.25 million, a decrease of $0.17 million from the prior distribution period, primarily due to lower prices and volumes. Natural gas cash receipts were $0.02 million, up about $0.01 million mainly from higher gas prices.

What were PermRock Royalty Trust’s key expenses and capital expenditures for the current month?

Total direct operating expenses were $0.66 million. Severance and ad valorem taxes were $0.06 million. Capital expenditures were $116,596, including about $51,000 of plugging costs and $63,000 of capital workover costs, plus other completion costs.

What reserve activity affected PRT’s current month net profits calculation?

The net profits calculation included a net release of $62,500 from funds previously reserved by T2S, consisting of a $125,000 release of workover reserves, partially offset by a $62,500 holdback for future ad valorem taxes.

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

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Available on EDGAR 09/18/2026 - 01:24 PM Accepted by SEC EDGAR 09/18/2026 - 01:23 PM Learn about SEC filing dates

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: September 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 September 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 September 30, 2026, and payable on October 15, 2026, in the amount of $238,742.30 ($0.0196242 per Trust Unit), based principally upon production during the month of July 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 September 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:	September 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, September 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 September 30, 2026, and payable on October 15, 2026, in the amount of $238,742.30 ($0.0196242 per Trust Unit), based principally upon production during the month of July 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	15,632	504	19,662	634	$79.81	$1.16
Prior Month	16,087	536	19,905	664	$88.13	$0.64

Oil cash receipts for the properties underlying the Trust totaled $1.25 million for the current month, a decrease of $0.17 million from the prior month’s distribution period. T2S Permian Acquisition II LLC (“T2S”) informed the Trust that this decrease was primarily due to decreases in oil sales prices and oil sales volumes. Natural gas cash receipts for the properties underlying the Trust totaled $0.02 million for the current month, an increase of approximately $0.01 million from the prior month’s distribution period, primarily due to an increase in natural gas sales prices. Other revenue totaled $0.11 million for the current month, including salt water disposal income, which was previously reflected as an offset to lease operating expenses and, beginning this month, will instead be presented as other revenue.

Total direct operating expenses, including marketing, lease operating expenses, and workover expenses, were $0.66 million, essentially unchanged from the prior month’s distribution period.

Severance and ad valorem taxes included in this month’s net profits calculation were $0.06 million, a decrease of approximately $0.01 million from the prior month’s distribution period. T2S informed the Trust that this decrease was primarily due to a decrease in severance taxes.

Capital expenditures were $116,596 for the current month. T2S informed the Trust that this amount primarily reflected tangible completion costs, including approximately $51,000 of plugging costs

and $63,000 of capital workover costs, as well as intangible completion costs, partially offset by a credit to tangible drilling costs.

T2S informed the Trust that this month’s net profits calculation included a net release of $62,500 from funds previously reserved by T2S, consisting of a $125,000 release of funds previously held for workovers, partially offset by a $62,500 holdback for 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

Filing Exhibits & Attachments

1 document

Press Releases

• EX-99.1 EX-99.1 30.8 KB