PermRock Royalty Trust Declares Monthly Cash Distribution
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DALLAS, Sept. 18, 2026 /CourierPR/ -- PermRock Royalty Trust has announced a monthly cash distribution of $238,742.30, or $0.0196242 per Trust Unit, to be paid on October 15, 2026, to holders of Trust Units as of September 30, 2026. This distribution is based on the production during the month of July 2026.
The trust's financials for the current month show a decrease in oil cash receipts to $1.25 million, down from $1.42 million in the previous month. T2S Permian Acquisition II LLC, the operator of the properties underlying the trust, reported that this decrease was primarily due to lower oil sales prices and volumes. Natural gas cash receipts increased to $0.02 million from $0.01 million, driven by higher natural gas sales prices. Other revenue, including salt water disposal income, amounted to $0.11 million, a slight increase from the previous month.
Direct operating expenses, including marketing, lease operating expenses, and workover expenses, remained steady at $0.66 million. Severance and ad valorem taxes for the current month were $0.06 million, down from $0.07 million in the previous month, with T2S attributing this decrease to lower severance taxes.
Capital expenditures for the current month were $116,596, reflecting tangible completion costs, including approximately $51,000 for plugging costs and $63,000 for capital workover costs, partially offset by a credit to tangible drilling costs. Additionally, the trust reported a net release of $62,500 from funds previously reserved by T2S, consisting of a $125,000 release of funds previously held for workovers, partially offset by a $62,500 holdback for future ad valorem taxes.
PermRock Royalty Trust is a Delaware statutory trust that owns 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 in the Permian Basin of West Texas, operated by T2S. For more information, visit the trust's website at www.permrock.com. The trust's annual report on Form 10-K was filed with the SEC on March 27, 2026, and other public filings can be found on the SEC's website.