PermRock Royalty Trust (NYSE: PRT) declares March 2026 cash distribution

Rhea-AI Filing Summary

PermRock Royalty Trust declared a monthly cash distribution to unitholders of $36,445.91, or $0.002995 per Trust Unit, to holders of record on March 31, 2026, payable on April 14, 2026. The distribution is based principally on oil and gas production from January 2026.

For the current distribution period, underlying production volumes were 12,110 Bbls of oil and 34,753 Mcf of natural gas, at average wellhead prices of $57.04 per Bbl and $0.79 per Mcf. Oil cash receipts were $0.69 million, down $0.26 million from the prior period, mainly due to lower oil sales volumes. Natural gas cash receipts were $0.03 million, essentially unchanged. Direct operating expenses were $0.34 million, down $0.13 million, while severance and ad valorem taxes were $0.08 million. Capital expenditures totaled $4,987, and the net profits calculation applied $84,933 previously reserved by T2S for future capital obligations and expenses.

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: March 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 March 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 March 31, 2026, and payable on April 14, 2026, in the amount of $36,445.91 ($0.002995 per Trust Unit), based principally upon production during the month of January 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 March 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:	March 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, March 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 March 31, 2026, and payable on April 14, 2026, in the amount of $36,445.91 ($0.002995 per Trust Unit), based principally upon production during the month of January 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	12,110	391	34,753	1,121	$57.04	$0.79
Prior Month	16,605	536	12,459	402	$56.95	$2.68

Oil cash receipts for the properties underlying the Trust totaled $0.69 million for the current month, a decrease of $0.26 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 that was only partially offset by the increase in 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. T2S informed the Trust that this was primarily due to a decrease in natural gas prices that was only partially offset by the increase in natural gas sales volumes.

Total direct operating expenses, including marketing, lease operating expenses, and workover expenses, were $0.34 million, a decrease of $0.13 million from the prior month’s distribution period. T2S informed the Trust that this decrease was primarily due to a decrease in lease operating expenses.

Severance and ad valorem taxes included in this month’s net profits calculation were $0.08 million, essentially unchanged from the prior month’s distribution period.

Total capital expenditures totaled $4,987 for the current month. T2S reported these minimal capital expenses were related to tangible and intangible completion costs.

T2S informed the Trust that this month’s net profits calculation included the application of $84,933 net to the Trust of funds previously reserved by T2S to cover future capital obligations and expenses.

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 31, 2025, 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 March 2026?

PermRock Royalty Trust declared a monthly cash distribution of $36,445.91, or $0.002995 per Trust Unit. The distribution is payable on April 14, 2026 to unitholders of record as of March 31, 2026, based mainly on January 2026 production.

What production volumes supported PermRock Royalty Trust’s latest distribution?

The latest distribution is supported by 12,110 Bbls of oil and 34,753 Mcf of natural gas in underlying sales volumes. Average daily volumes were 391 Bbls of oil and 1,121 Mcf of gas during the period used for this net profits calculation.

What prices did PermRock Royalty Trust receive for oil and gas this period?

For the current period, the Trust’s underlying properties realized average prices of $57.04 per Bbl of oil and $0.79 per Mcf of natural gas. These wellhead prices directly influence the cash receipts that fund distributions to unitholders.

How did PermRock Royalty Trust’s oil and gas cash receipts change from the prior period?

Oil cash receipts totaled $0.69 million, decreasing by $0.26 million from the prior distribution period, mainly from lower oil volumes. Natural gas cash receipts were $0.03 million, described as essentially unchanged compared with the prior month’s distribution period.

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

Total direct operating expenses were $0.34 million, down $0.13 million, reflecting lower lease operating expenses. Severance and ad valorem taxes included in the net profits calculation were $0.08 million, characterized as essentially unchanged from the prior distribution period.

What capital expenditures and reserve releases impacted PermRock Royalty Trust this month?

Capital expenditures were $4,987, which T2S described as minimal completion-related costs. The net profits calculation also included $84,933 net to the Trust from funds previously reserved by T2S to cover future capital obligations and related expenses.

Filing Exhibits & Attachments

1 document

Press Releases

• EX-99.1 EX-99.1 28.5 KB