PermRock Royalty Trust declares $197K distribution

The monthly calculation reflects August production, with $1.01 million in oil receipts and a $62,500 holdback for future ad valorem taxes.

Rhea-AI Filing Summary

PermRock Royalty Trust declared a monthly cash distribution of $197,140.34, or $0.016204 per Trust Unit, for holders of record October 30, 2026, payable November 16, 2026. The distribution is based principally on production during August 2026.

For the current-month net profits calculation, oil receipts were $1.01 million, natural gas receipts were $0.04 million, and other revenue was $0.01 million. Direct operating expenses were $0.46 million, severance and ad valorem taxes were $0.05 million, and capital expenditures were $10,693. The calculation included a $62,500 holdback for future ad valorem taxes, of which $50,000 was net to the Trust. T2S said lower oil sales volumes primarily drove the decrease in oil receipts, while higher gas prices primarily drove the increase in gas receipts, partly offset by lower gas volumes.

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: $197,140.34 Distribution per Trust Unit: $0.016204 per Trust Unit Oil cash receipts: $1.01 million +5 more

8 metrics

Monthly cash distribution $197,140.34 Declared for holders of record October 30, 2026; payable November 16, 2026

Distribution per Trust Unit $0.016204 per Trust Unit Monthly cash distribution

Oil cash receipts $1.01 million Current month

Natural gas cash receipts $0.04 million Current month

Direct operating expenses $0.46 million Current month

Severance and ad valorem taxes $0.05 million Included in the current month's net profits calculation

Capital expenditures $10,693 Current month; reflected intangible completion costs

Holdback for future ad valorem taxes $62,500 gross; $50,000 net to the Trust Included in the current month's net profits calculation

Key Terms

net profits interest, wellhead prices, ad valorem taxes, intangible completion costs

4 terms

net profits interest financial

"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.

wellhead prices financial

"average received wellhead prices attributable to"

Wellhead prices are the amount a producer receives for oil or natural gas right at the production site, before costs like transportation, processing, or taxes are added or subtracted. Investors watch them because they directly determine a producer’s revenue and profit margin much like the price a farmer gets at the farm gate affects farm income—changes at the source can ripple through cash flow, valuation, and dividend or investment decisions.

ad valorem taxes financial

"holdback for future ad valorem taxes"

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.

intangible completion costs technical

"this amount reflected intangible completion costs"

Costs incurred to finish developing or preparing an intangible asset so it is ready for its intended use; examples include direct development labor, external fees for testing, registration or patent prosecution, and costs of final design, implementation or validation. These costs are distinct from research or routine maintenance expenses and, under accounting rules, are capitalized only when the project has passed any applicable development recognition criteria and future economic benefits are probable; costs incurred before those criteria are met or after the asset is ready for use are typically expensed.

FAQ

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

What is PRT's monthly distribution and when is it payable?

PermRock Royalty Trust declared a distribution of $197,140.34, or $0.016204 per Trust Unit, for holders of record October 30, 2026, payable November 16, 2026.

What production volumes and prices did PermRock report?

The current-month underlying sales volumes were 12,603 Bbls of oil and 18,137 Mcf of natural gas, with average received wellhead prices of $79.75 per barrel and $1.97 per Mcf. Prior-month volumes were 15,632 Bbls and 19,662 Mcf, with average prices of $79.81 per barrel and $1.16 per Mcf.

Why did PermRock's oil and gas receipts change?

T2S said oil cash receipts decreased by $0.24 million from the prior month's distribution period, primarily because oil sales volumes fell. Natural gas cash receipts increased approximately $0.02 million, primarily due to higher prices, partly offset by lower natural gas sales volumes. Direct operating expenses decreased approximately $0.19 million, mainly due to lower workover and lease operating expenses.

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

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Available on EDGAR 10/20/2026 - 01:04 PM EDT Accepted by SEC EDGAR 10/20/2026 - 01:04 PM EDT 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: October 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 October 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 October 30, 2026, and payable on November 16, 2026, in the amount of $197,140.34 ($0.016204 per Trust Unit), based principally upon production during the month of August 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 October 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:	October 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, October 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 October 30, 2026, and payable on November 16, 2026, in the amount of $197,140.34 ($0.016204 per Trust Unit), based principally upon production during the month of August 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	12,603	407	18,137	585	$79.75	$1.97
Prior Month	15,632	504	19,662	634	$79.81	$1.16

Oil cash receipts for the properties underlying the Trust totaled $1.01 million for the current month, a decrease of $0.24 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. Natural gas cash receipts for the properties underlying the Trust totaled $0.04 million for the current month, an increase of approximately $0.02 million from the prior month’s distribution period, primarily due to an increase in natural gas sales prices, partially offset by a decrease in natural gas sales volumes. Other revenue totaled $0.01 million for the current month, including salt water disposal income.

Total direct operating expenses, including marketing, lease operating expenses, and workover expenses, were $0.46 million, a decrease of approximately $0.19 million from the prior month’s distribution period. T2S informed the Trust that this decrease was primarily due to decreases in workover expenses and lease operating expenses.

Severance and ad valorem taxes included in this month’s net profits calculation were $0.05 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 $10,693 for the current month. T2S informed the Trust that this amount reflected intangible completion costs.

T2S informed the Trust that this month’s net profits calculation included a $62,500 holdback (net $50,000 to the Trust) for future ad valorem taxes. The Trust clarifies that the $62,500 release of previously reserved funds included in the prior month’s net profits calculation was the gross amount, of which $50,000 was net to the Trust.

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 30.3 KB