PermRock Royalty Trust (PRT) Declares $0.030485/Unit Monthly Distribution

PermRock Royalty Trust (PRT) announced a monthly cash distribution on June 18, 2026, to holders of its trust units as of June 30, 2026. The distribution totals $370,879.54, or $0.030485 per unit, and will be paid on July 15, 2026. The amount is based on oil and natural gas production from the underlying properties during April 2026.

How Much Oil and Gas Were Produced

During the current month, the underlying properties produced 16,905 barrels of oil and 5,278 thousand cubic feet of natural gas. Oil averaged $94.20 per barrel, while natural gas averaged $3.72 per thousand cubic feet.

Compared to the prior month, oil production fell slightly (from 16,058 barrels) but prices rose significantly (from $84.11 per barrel). Natural gas production dropped sharply (from 22,407 thousand cubic feet), though prices ticked up (from $1.61 to $3.72 per thousand cubic feet).

Revenue and Expenses

Oil cash receipts for the Trust totaled $1.59 million, up $0.24 million from the prior month. According to T2S Permian Acquisition II LLC (the operator of the underlying properties), this increase came from higher oil sales volumes and higher oil prices.

Natural gas cash receipts dropped to $0.02 million, down $0.02 million from the prior month, primarily due to lower natural gas sales volumes, partially offset by higher prices.

Total direct operating expenses—including marketing, lease operating costs, and workover expenses—were $0.57 million, down $0.36 million from the prior month. Severance and ad valorem taxes (taxes owed to states and local governments based on oil and gas production and property value) totaled $0.21 million, up $0.15 million from the prior month, reflecting increased ad valorem taxes from first-quarter severance taxes being recognized.

Capital expenditures resulted in a net credit of $12,436, reflecting a credit for drilling costs partially offset by completion costs on non-operated wells.

About the Trust

PermRock Royalty Trust is a Delaware statutory trust that holds an 80% net profits interest in certain oil and natural gas properties operated by T2S in the Permian Basin of West Texas. The trust does not operate the properties itself but receives a share of profits from production.