PermRock Royalty Trust Reports Monthly Cash Distribution Amounting to $489,294.60
PermRock Royalty Trust Monthly Cash Distribution Update
On February 18, 2025, PermRock Royalty Trust (NYSE: PRT) announced a monthly cash distribution totaling $489,294.60, equating to $0.040219 per Trust Unit for holders as of February 28, 2025. This amount will be payable on March 14, 2025, and reflects the production data from December 2024.
Breakdown of Sales Volumes and Prices
The Trust reported the following statistics, highlighting an increase in oil sales volumes from the previous month:
| Current Month | Prior Month | |
|---|---|---|
| ---- | --- | --- |
| Oil Sales (Bbls) | 24,965 | 22,491 |
| Natural Gas Sales (Bbls) | 25,214 | 28,372 |
| Oil Price ($/Bbl) | $67.55 | $67.80 |
| Natural Gas Price ($/Mcf) | $3.12 | $2.53 |
Oil cash receipts reached $1.69 million, which represents an increase of $0.17 million compared to the prior distribution period, attributing this growth mainly to increased oil sales. Similarly, natural gas cash receipts amounted to $0.08 million, up by $0.01 million as a result of heightened natural gas prices.
Operating Expenses and Capital Costs
The total operating expenses incurred for the current month were $0.70 million, down by $0.27 million from the previous month, which is significant in managing the Trust's financial health. In addition, the capital expenses reported were a minor $0.02 million, a decrease of $0.03 million, attributed primarily to the conclusion of specific recompletion projects in the Permian Shelf region.
Future Outlook and Forward-Looking Statements
An important aspect of the Trust's financial information is the consideration of forward-looking statements. These statements represent the trust’s and Boaz Energy's forecasts concerning future occurrences, notably cash distributions and net profits estimates. However, actual results may diverge from these projections due to commodity market fluctuations, which can affect cash flows and, consequently, distribution capabilities.
Given the delicate nature of oil and natural gas pricing, it's crucial for stakeholders to be aware of potential risks that could impact operational budgeting and profitability. Notably, the report includes a $96,000 reserve allocated by Boaz Energy for future capital expenses, showcasing prudent financial planning.
About PermRock Royalty Trust
PermRock Royalty Trust operates as a statutory trust in Delaware, created to hold a net profits interest resulting in the right to 80% of the net profits from oil and natural gas sales from properties owned by Boaz Energy in the Permian Basin, West Texas. Interested parties can find further details by visiting the Trust's website.
In summary, PermRock Royalty Trust's cash distribution announcement reflects a positive performance stemming from increased production and improved pricing metrics, albeit with a cautious view on future market volatility and operational expenses.
Topics Financial Services & Investing）
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