The accelerating decline in monthly distributions (now down ~28.5% from prior month) combined with falling oil prices and rising costs suggests the Trust's cash flow is deteriorating. Traders should monitor WTI crude oil prices and T2S's next operational update for further signs of cost inflation or production declines that could compress distributions further.
Price Chart
Executive Summary
PermRock Royalty Trust declared a monthly cash distribution of $265,001.53 ($0.021782 per unit) for June 2026 production, a significant 28.5% decline from the prior month's $370,879.54 distribution. The decrease was driven by a 16% drop in realized oil prices to $88.13/bbl and a 26% increase in direct operating expenses, signaling continued pressure on the Trust's distributable cash flow from lower commodity prices and rising costs.
Key Facts
- Monthly cash distribution of $265,001.53 ($0.021782/unit), down 28.5% from prior month's $370,879.54 ($0.030485/unit)
- Realized oil price fell to $88.13/bbl from $104.89/bbl (down 16%)
- Oil cash receipts decreased $0.16M to $1.42M due to lower prices, partially offset by higher volumes
- Direct operating expenses rose $0.17M to $0.66M, driven by higher lease operating and workover costs
- Capital expenditures were minimal at $4,110 for the month
Financial Impact
Distribution per unit declined 28.5% month-over-month; oil receipts down $0.16M; operating expenses up $0.17M
Risk Factors
- Further decline in oil prices below $80/bbl would compress net profits and distributions
- Rising operating expenses (lease operating and workover) may continue to erode margins
- Trust has no hedging program, leaving it fully exposed to spot commodity price volatility
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-360874 |
| Document: prt-ex99_1.htm | 0001193125-26-360874 |
| Document: 0001193125-26-360874-index-headers.html | 0001193125-26-360874 |
| Document: 0001193125-26-360874-index.html | 0001193125-26-360874 |
| Document: 0001193125-26-360874.txt | 0001193125-26-360874 |
| 8-K Data (Synthetic) | 0001193125-26-360874 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 6d ago | 8-K | $1.58 | awaiting T+20 | — | $1.48 (+6.33%) |
Sep 18, 2026 5w ago | 8-K | $1.99 $1.83 | ▲ +7.87% | ▲ +8.08% | $1.48 (+25.49%) |
Aug 21, 2026 9w ago | 8-K | $2.19 $1.98 | ▲ +9.59% | ▲ +9.06% | $1.48 (+32.42%) |
Jun 18, 2026 18w ago | 8-K | $2.32 $2.31 | ▼ −0.43% | ▼ −0.96% | $1.48 (−36.21%) |
May 18, 2026 23w ago | 8-K | $2.56 $2.13 | ▼ −16.80% | ▼ −18.38% | $1.48 (−42.19%) |
Apr 20, 2026 27w ago | 8-K | $2.98 $2.56 | ▲ +14.09% | ▲ +18.30% | $1.48 (+50.34%) |
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