#United States #Dallas #cash distribution #PermRock Royalty Trust #oil production

PermRock Royalty Trust Declares Monthly Cash Distribution

Dallas, September 19, 2025 - PermRock Royalty Trust (NYSE: PRT) has officially announced a monthly cash distribution, benefiting unitholders of its trust units. The distribution will be based on record holders as of September 30, 2025, and will be payable on October 15, 2025. The total amount allocated is $378,834.64, which translates to $0.031139 per Trust Unit. This announcement reflects significant production figures from July 2025.

Production Insights

During the recent period, the Trust saw an increase in both average oil and natural gas sales, along with rising prices for these commodities. Here’s a breakdown of the underlying sales volumes and average wellhead prices for the current and previous months:

Current Month

• - Oil Sales: 20,993 barrels (Bbls)
• - Natural Gas Sales: 15,784 thousand cubic feet (Mcf)
• - Average Oil Price: $65.79 per barrel
• - Average Natural Gas Price: $3.94 per Mcf

Prior Month

• - Oil Sales: 19,208 Bbls
• - Natural Gas Sales: 37,268 Mcf
• - Average Oil Price: $65.33 per barrel
• - Average Natural Gas Price: $1.65 per Mcf

Oil cash receipts for the properties managed by the Trust amounted to $1.38 million in the current month. This reflects a notable increase of $0.13 million from the previous month, largely driven by higher oil prices and sales volumes. In contrast, natural gas cash receipts remained fairly stable at $0.06 million, even with a decrease in sales volumes compensated by price increases.

Operating Expenses and Capital Expenditures

The total direct operating expenses were $0.43 million, showcasing a decrease of $0.12 million from the earlier distribution period. Severance and ad valorem taxes included in this month’s net profit calculations totaled $0.14 million. Notably, T2S Permian Acquisition II LLC (T2S) indicated that all capital expenditures incurred during July 2025 were fully offset against cash call balances of the Trust Assets.

Additionally, this month’s net profit calculations have included $0.12 million set aside by T2S to address anticipated costs for a workover program expected to commence in the fourth quarter of 2025.

Correction of Previous Estimates

The press release issued on August 19, 2025, contained inaccuracies concerning the reported amounts for natural gas cash receipts and operating expenses. However, it’s crucial to note that these inaccuracies did not affect the overall net profits income or the cash distribution to unitholders.

For reference, the corrected figures for June 2025 are as follows:

• - Natural gas cash receipts stood at $0.06 million, with total operating expenses at $0.55 million.

About PermRock Royalty Trust

PermRock Royalty Trust is a Delaware statutory trust dedicated to owning a net profits interest that entitles it to 80% of the net profits from oil and natural gas production from selected properties operated by T2S in the Permian Basin of West Texas. For further information, explore the official website at www.permrock.com.

Forward-Looking Statements

This announcement may contain certain forward-looking statements regarding the Trust's expectations about future events, which could include distribution amounts and dates, future cash flows, and potential operational effects. It's important to understand that several factors, including commodity price fluctuations and operational costs, can impact these projections.

For detailed reports and further inquiries, please contact:
PermRock Royalty Trust
Argent Trust Company, Trustee
Jana Egeler, Vice President
Toll-free: (855) 588-7839
Fax: (214) 559-7010
Website: www.permrock.com