The sequential decline in oil prices and volumes signals continued pressure on PermRock's cash flows. Monitor next month's distribution for further erosion; if oil prices remain below $80/bbl, distributions may continue to trend lower. No guidance or consensus estimates are provided for this royalty trust.
Price Chart
Executive Summary
PermRock Royalty Trust declared a monthly cash distribution of $238,742.30 ($0.0196242 per unit) for July 2026 production, down 9.9% from the prior month's $265,001.53 distribution. The decline reflects lower oil sales prices ($79.81/bbl vs $88.13/bbl) and reduced oil volumes (15,632 bbls vs 16,087 bbls), partially offset by higher natural gas prices ($1.16/Mcf vs $0.64/Mcf). This is a routine monthly royalty trust distribution filing with no earnings guidance or consensus estimates.
Key Facts
- Monthly cash distribution declared at $238,742.30 ($0.0196242 per unit), payable October 15, 2026 to holders of record September 30, 2026
- Distribution decreased 9.9% from prior month's $265,001.53 ($0.021782 per unit)
- Oil cash receipts fell $0.17 million to $1.25 million due to lower prices ($79.81/bbl vs $88.13/bbl) and volumes (15,632 bbls vs 16,087 bbls)
- Natural gas cash receipts increased ~$0.01 million to $0.02 million on higher prices ($1.16/Mcf vs $0.64/Mcf)
- Capital expenditures were $116,596, primarily for plugging and workover costs
- Net release of $62,500 from previously reserved funds ($125,000 release partially offset by $62,500 holdback for ad valorem taxes)
Financial Impact
Distribution declined ~$26,259 (9.9%) month-over-month; oil revenue down ~$0.17M
Risk Factors
- Continued decline in oil prices could further reduce distributions
- Declining oil production volumes (down 2.8% month-over-month) suggest potential reserve depletion
- Capital expenditures for plugging and workover costs reduce distributable cash
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-395344 |
| Document: prt-ex99_1.htm | 0001193125-26-395344 |
| Document: 0001193125-26-395344-index-headers.html | 0001193125-26-395344 |
| Document: 0001193125-26-395344-index.html | 0001193125-26-395344 |
| Document: 0001193125-26-395344.txt | 0001193125-26-395344 |
| 8-K Data (Synthetic) | 0001193125-26-395344 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 6d ago | 8-K | $1.58 | awaiting T+20 | — | $1.49 (+5.91%) |
Sep 18, 2026 5w ago | 8-K | $1.99 $1.83 | ▲ +7.87% | ▲ +8.08% | $1.49 (+25.16%) |
Aug 21, 2026 9w ago | 8-K | $2.19 $1.98 | ▲ +9.59% | ▲ +9.06% | $1.49 (+32.12%) |
Jun 18, 2026 18w ago | 8-K | $2.32 $2.31 | ▼ −0.43% | ▼ −0.96% | $1.49 (−35.92%) |
May 18, 2026 23w ago | 8-K | $2.56 $2.13 | ▼ −16.80% | ▼ −18.38% | $1.49 (−41.93%) |
Apr 20, 2026 27w ago | 8-K | $2.98 $2.56 | ▲ +14.09% | ▲ +18.30% | $1.49 (+50.11%) |
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