PermRock Royalty Trust
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $22.3M
- Price
- $1.83
- % Change (Daily % change from the live per-ticker quote feed.)
- -1.34%
- Volume
- 27.0K
About
PermRock Royalty Trust's primary asset is an 80% net profits interest derived from oil and natural gas production properties located within the Permian Basin of Texas. These energy-producing assets were originally acquired by Boaz Energy II, LLC. The total subsurface area encompassed by these holdings amounts to 22,997 net acres. This expansive acreage is strategically distributed across various geological platforms and counties: 2,434 net acres are situated on the Central Basin Platform, spanning Hockley and Terry counties; an additional 1,667 net acres are also found on the Central Basin Platform in Terry and Cochran counties; a substantial 14,727 net acres are located on the Eastern Shelf, encompassing Glasscock, Schleicher, Stonewall, and Coke counties; and a further 4,169 net acres are part of the Central Basin Platform in Ward, Crane, Terry, and Ector counties, all within Texas. The trust was established in 2017 and its corporate headquarters are located in Fort Worth, Texas.
Quick stats
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Key info
SectorEnergy
IndustryOil & Gas Exploration & Production
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001724009
Websitehttps://www.permrock.com
AI Summary
AI-generated1/10
minorneutraldividend
PermRock Royalty Trust Declares Monthly Cash Distribution
PermRock Royalty Trust declared a monthly cash distribution of $238,742.30, or $0.0196242 per Trust Unit, to holders of record as of September 30, 2026, payable October 15, 2026, based principally on July 2026 production.
Underlying oil cash receipts fell to $1.25 million, down $0.17 million from the prior period, as realized oil prices dropped to $79.81 per barrel from $88.13 and volumes slipped to 15,632 barrels from 16,087.
Natural gas receipts ticked up to $0.02 million on higher gas prices ($1.16 vs $0.64 per Mcf), while total direct operating expenses held essentially unchanged at $0.66 million and capital expenditures ran $116,596, including roughly $51,000 of plugging costs.
The net profits calculation included a $62,500 net reserve release; with oil prices and volumes both softening month-over-month, the trajectory for future distributions leans lower.
Red flags
- oil cash receipts declined $0.17 million (~12%) month-over-month on lower realized prices and volumes
- realized oil price fell from $88.13 to $79.81 per barrel in one month
- capex includes ~$51,000 of plugging costs, indicating ongoing well-decommissioning spend
- $62,500 holdback for future ad valorem taxes partially offset reserve releases