#USA #Dallas #PermRock Royalty Trust #Trust Units #T2S Permian

Monthly Distribution Announcement by PermRock Royalty Trust

PermRock Royalty Trust (NYSE: PRT) has officially declared its monthly cash distribution to all unitholders, marking the issuance of additional funds based on the Trust's performance from its oil and natural gas production. As of October 30, 2026, the Trust has announced a cash distribution of $197,140.34, equivalent to $0.016204 per trust unit, scheduled for payment on November 16, 2026. This distribution primarily reflects production figures from August 2026.

Understanding the Numbers

In evaluating the Trust's performance, a detailed examination of the underlying oil and natural gas sales volumes is essential. The current month recorded production of:

• - Oil: 12,603 barrels
• - Natural Gas: 18,137 Mcf

The average price for this month stood at $79.75 per barrel for oil, and $1.97 per Mcf for natural gas. Compared to last month, these figures indicate a decline in oil production (down from 15,632 barrels) and a slight improvement in natural gas production (from 19,662 Mcf), accompanied by fluctuations in their respective pricing.

Interestingly, while oil sales receipts totaled approximately $1.01 million—down by $0.24 million from the prior month—natural gas cash receipts saw a minor uptick to $0.04 million. This increase was attributed to improved natural gas prices, although overall sales volumes saw a decline.

Operating Expenses

Direct operating expenses are equally important to consider, as they impact the net profits calculated for this month. Total operating costs were reported at $0.46 million, a reduction of about $0.19 million from last month. This decrease stemmed from lower workover and lease operating expenses, as indicated by T2S Permian Acquisition II LLC (T2S), the entity responsible for the daily operations of the Trust’s properties.

Financial Implications

Severance and ad valorem taxes comprised an essential part of the Trust’s financial calculations for this month's net profits, which totaled $0.05 million. This amount also decreased marginally by approximately $0.01 million. T2S clarified that this reduction was due to lower severance taxes attributed to diminished oil production activities.

Additionally, the monthly report reflected capital expenditures amounting to $10,693, primarily covering intangible completion costs for ongoing projects.

Future Outlook

This month's financial overview included a holdback of $62,500 (net $50,000 for the Trust) designated for future ad valorem taxes. The Trust emphasized that the previous release of reserved funds in last month’s net profits calculation was gross, with only $50,000 netting to the Trust’s balance.

As a Delaware statutory trust, the PermRock Royalty Trust is structured to secure an 80% net profits interest derived from oil and natural gas sales from designated properties within the Permian Basin in West Texas. For further information about the Trust and its operations, prospective investors are encouraged to visit the official website, www.permrock.com.

Despite the promising distribution announcement, stakeholders are cautioned concerning forward-looking statements. Fluctuations in commodity prices, operational costs, and reservoir performance can significantly impact the Trust's ability to maintain distributions. Investors are recommended to consider the associated risks articulated in the Trust's SEC filings.

The evolving landscape of the energy market suggests a continuously dynamic operating environment for PermRock Royalty Trust, and its performance in the months to come will merit close observation.