On Sept. 18, 2026, PermRock Royalty Trust, a United States-based trust listed on the New York Stock Exchange under the ticker PRT, declared a monthly cash distribution of $238,742.30, or $0.0196242 per trust unit, for record holders as of Sept. 30, 2026. The distribution is payable on Oct. 15, 2026, and is based mainly on production during July 2026.
Revenue and operating costs#
Oil cash receipts from the properties underlying the trust totaled $1.25 million for the current month, down $0.17 million from the prior distribution period. T2S Permian Acquisition II LLC, the operator, attributed the decline primarily to lower oil sales prices and lower oil sales volumes.
Natural gas cash receipts were $0.02 million, up about $0.01 million from the prior period, mainly because of higher natural gas sales prices. Other revenue totaled $0.11 million, including salt water disposal income. That income was previously recorded as an offset to lease operating expenses and will now 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 distribution period. Severance and ad valorem taxes included in the net profits calculation were $0.06 million, a decrease of about $0.01 million from the prior period. T2S said the decrease was primarily due to lower severance taxes.
Capital expenditures were $116,596 for the current month. T2S said the amount mainly reflected tangible completion costs, including about $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.
The net profits calculation also included a net release of $62,500 from funds previously reserved by T2S. That consisted of a $125,000 release of funds previously held for workovers, partially offset by a $62,500 holdback for future ad valorem taxes.
Trust structure and risk disclosure#
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.
The trust said certain statements in the announcement are forward-looking and subject to risks including commodity price volatility, oversupply, uncertainties in drilling cost estimates, and risks associated with drilling and operating oil and natural gas wells. The trust does not undertake to update forward-looking statements except as required by law. Its annual report on Form 10-K was filed with the U.S. Securities and Exchange Commission on March 27, 2026.
