This is a routine monthly distribution announcement for a royalty trust. The key metric to monitor is the sustainability of oil production volumes and prices, as the trust's cash flow is directly tied to T2S's operating results. The $100,000 reserve for future taxes is a modest headwind. No material trading implications.
Price Chart
Executive Summary
PermRock Royalty Trust (PRT) filed an 8-K on June 18, 2026, reporting a monthly cash distribution of $370,879.54 ($0.030485 per unit) based on April 2026 production. The distribution is a routine monthly update for a royalty trust, with no material financial impact or guidance change. The distribution amount increased significantly from the prior month's $32,413.45, driven by higher oil sales volumes and prices, but this is a normal monthly fluctuation for a pass-through trust.
Key Facts
- Monthly cash distribution of $370,879.54 ($0.030485 per unit) declared for June 30, 2026 record date, payable July 15, 2026
- Distribution based on April 2026 production: 16,905 bbls oil at $94.20/bbl and 5,278 Mcf gas at $3.72/Mcf
- Oil cash receipts $1.59M (up $0.24M from prior month); natural gas cash receipts $0.02M (down $0.02M)
- Total direct operating expenses $0.57M (down $0.36M); severance/ad valorem taxes $0.21M (up $0.15M)
- Capital expenditures net credit of $12,436; $100,000 reserved for future ad valorem taxes and workovers
- Trust has no directors or executive officers; operated by T2S Permian Acquisition II LLC
Financial Impact
Distribution of $370,879.54 ($0.030485/unit) — routine monthly amount for $27M market cap trust
Risk Factors
- Commodity price volatility (oil and natural gas) directly impacts distribution amounts
- Declining natural gas sales volumes (5,278 Mcf vs 22,407 Mcf prior month) — though this is a normal monthly fluctuation
- Operating expense and tax variability; $100,000 reserve for future ad valorem taxes and workovers
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-275275 |
| Document: prt-ex99_1.htm | 0001193125-26-275275 |
| Document: 0001193125-26-275275-index-headers.html | 0001193125-26-275275 |
| Document: 0001193125-26-275275-index.html | 0001193125-26-275275 |
| Document: 0001193125-26-275275.txt | 0001193125-26-275275 |
| 8-K Data (Synthetic) | 0001193125-26-275275 |
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%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers