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PermRock Royalty Trust (NYSE: PRT) declares $0.030485 monthly cash payout

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Form Type
8-K

Rhea-AI Filing Summary

PermRock Royalty Trust declared a monthly cash distribution of $370,879.54, or $0.030485 per Trust Unit, to holders of record on June 30, 2026, payable on July 15, 2026. The distribution is based principally on oil and gas production during April 2026.

Underlying April oil sales were 16,905 Bbls at an average price of $94.20 per Bbl, while natural gas sales were 5,278 Mcf at $3.72 per Mcf. Oil cash receipts totaled $1.59 million, up $0.24 million from the prior period, while natural gas receipts were $0.02 million, down $0.02 million. Direct operating expenses were $0.57 million, down $0.36 million, and severance and ad valorem taxes were $0.21 million, up $0.15 million. The net profits calculation also reflects a $12,436 capital expenditure credit and a $100,000 reserve for future ad valorem taxes and workovers.

Positive

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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 cash distribution $370,879.54 total Payable July 15, 2026 to holders of record June 30, 2026
Distribution per unit $0.030485 per Trust Unit Monthly cash distribution based on April 2026 production
Oil sales volume 16,905 Bbls Underlying April 2026 oil sales for current month calculation
Average oil price $94.20 per Bbl Underlying April 2026 wellhead price
Natural gas sales volume 5,278 Mcf Underlying April 2026 gas sales for current month calculation
Average natural gas price $3.72 per Mcf Underlying April 2026 wellhead price
Direct operating expenses $0.57 million Current month, down $0.36 million from prior period
Severance and ad valorem taxes $0.21 million Current month, up $0.15 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.
ad valorem taxes financial
"increase was primarily due to an increase in ad valorem taxes resulting from the recognition of remaining severance 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.
severance taxes financial
"recognition of remaining severance taxes paid during the first quarter of 2026"
Severance taxes are charges governments levy when natural resources like oil, gas, coal or minerals are extracted from the ground; think of it as a toll for taking nonrenewable materials out of a region. They matter to investors because they directly raise the cost of production, reduce project returns, and influence where companies choose to operate, while also providing a predictable revenue stream for local and state budgets that can affect broader economic conditions.
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.
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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: June 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 June 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 June 30, 2026, and payable on July 15, 2026, in the amount of $370,879.54 ($0.030485 per Trust Unit), based principally upon production during the month of April 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 June 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:

June 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, June 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 June 30, 2026, and payable on July 15, 2026, in the amount of $370,879.54 ($0.030485 per Trust Unit), based principally upon production during the month of April 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

16,905

 

564

 

5,278

 

176

 

$94.20

 

$3.72

 

Prior Month

16,058

 

518

 

22,407

 

723

 

$84.11

 

$1.61

 

Oil cash receipts for the properties underlying the Trust totaled $1.59 million for the current month, an increase of $0.24 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 $0.02 million for the current month, a decrease of $0.02 million from the prior month’s distribution period. T2S informed the Trust that this decrease was primarily due to a decrease in natural gas sales volumes, partially offset by an increase in natural gas prices.

Total direct operating expenses, including marketing, lease operating expenses, and workover expenses, were $0.57 million, a decrease of $0.36 million from the prior month’s distribution period. T2S informed the Trust that this decrease was primarily due to decreases in lease operating expenses and workover expenses.

Severance and ad valorem taxes included in this month’s net profits calculation were $0.21 million, an increase of $0.15 million from the prior month’s distribution period. T2S informed the Trust that this increase was primarily due to an increase in ad valorem taxes resulting from the recognition of remaining severance taxes paid during the first quarter of 2026.

 

 

Capital expenditures reflected a net credit of $12,436 for the current month. T2S informed the Trust that this amount primarily reflected a credit to tangible drilling costs, partially offset by intangible completion costs and tangible completion costs attributable to non-operated wells.

T2S informed the Trust that this month’s net profits calculation included $100,000 net to the Trust of funds reserved by T2S to cover future ad valorem taxes and workovers budgeted for the third quarter of 2026.

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 cash distribution did PermRock Royalty Trust (PRT) declare for July 2026?

PermRock Royalty Trust declared a monthly cash distribution of $370,879.54, or $0.030485 per Trust Unit. It is payable on July 15, 2026 to unitholders of record as of June 30, 2026, based on April 2026 production.

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

For April 2026, underlying oil sales were 16,905 Bbls at $94.20 per Bbl, versus 16,058 Bbls at $84.11 per Bbl in the prior month. T2S attributed higher oil cash receipts mainly to increased volumes and stronger prices.

What natural gas volumes and prices supported PermRock Royalty Trust’s latest distribution?

Underlying natural gas sales for the current month were 5,278 Mcf at an average price of $3.72 per Mcf. In the prior month, volumes were 22,407 Mcf at $1.61 per Mcf, and T2S said lower current cash receipts mainly reflected reduced gas volumes.

What operating expenses affected PermRock Royalty Trust’s April 2026 net profits?

Total direct operating expenses were $0.57 million, a decrease of $0.36 million from the prior distribution period. T2S indicated this decline was primarily due to lower lease operating expenses and workover expenses on the underlying properties.

How much did PermRock Royalty Trust incur in taxes for the latest net profits calculation?

Severance and ad valorem taxes were $0.21 million, an increase of $0.15 million from the prior period. T2S explained the rise mainly reflected higher ad valorem taxes and recognition of remaining severance taxes paid during the first quarter of 2026.

What reserves and capital expenditures did PermRock Royalty Trust report for this period?

Capital expenditures reflected a net credit of $12,436, mainly from a credit to tangible drilling costs. The net profits calculation also included $100,000 reserved by T2S for future ad valorem taxes and workovers budgeted for the third quarter of 2026.

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