PermRock Royalty Trust Declares Monthly Cash Distribution

PermRock Royalty Trust (NYSE: PRT) (the "Trust") today declared a monthly cash distribution to record holders of its trust units representing beneficial interests in the Trust ("Trust Units") as of July 31, 2025, and payable on August 14, 2025, in the amount of $395,288.31 ($0.032491 per Trust Unit), based principally upon production during the month of May 2025. The following table displays underlying oil and natural gas sales volumes and average received wellhead prices attributable to the current and prior month net profits interest calculations: Underlying Sales Volumes Average Price Oil Natural Gas Oil Natural Gas Bbls Bbls/D Mcf Mcf/D (per Bbl) (per Mcf) Current Month 18,941 611 26,454 853 $59.36 $1.67 Prior Month 21,171 706 35,024 1,167 $61.82 $2.61 Oil cash receipts for the properties underlying the Trust totaled $1.12 million for the current month, a decrease of $0.19 million from the prior month's distribution period. This decrease was primarily due to a decrease in oil sales volumes and prices. Natural gas cash receipts for the properties underlying the Trust totaled $0.04 million for the current month, a decrease of $0.05 million from the prior month's distribution period. This decrease was primarily due to a decrease in natural gas sales volumes and prices. Total direct operating expenses, including marketing, lease operating expenses, and workover expenses, were $0.36 million, an increase of $0.04 million from the prior month's distribution period. Severance and ad valorem taxes included in this month's net profits calculation were $0.12 million. Capital expenses were $0.27 million, an increase of $0.25 million from the prior month's distribution period. T2S Permian Acquisition II LLC ("T2S") informed the Trust that the increase in capital expenses was related to the drilling of a new well in Glasscock County, TX by a third-party operator. T2S informed the Trust that this month's net profits calculation included the application of $0.21 million, net to the Trust, of funds previously reserved by T2S to cover future capital obligations and expenses.... Read more

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