PermRock Royalty Trust Announces February 2026 Monthly Distribution and Production Update
PermRock Royalty Trust (the “Trust”) announced a monthly cash distribution for unitholders of record as of February 27, 2026. The distribution will be paid on March 13, 2026, totaling $131,772.12, or $0.010831 per Trust Unit. This payout is primarily based on production volumes from December 2025.
The table below summarizes oil and natural gas sales volumes and average realized wellhead prices used in calculating net profits for the current and previous month:
Current Month:
The table below summarizes oil and natural gas sales volumes and average realized wellhead prices used in calculating net profits for the current and previous month:
Current Month:
- Oil: 16,605 barrels (536 barrels per day) at an average price of $56.95 per barrel
- Natural Gas: 12,459 Mcf (402 Mcf per day) at an average price of $2.68 per Mcf
Prior Month:
- Oil: 15,857 barrels (529 barrels per day) at an average price of $57.51 per barrel
- Natural Gas: 14,637 Mcf (488 Mcf per day) at an average price of $2.20 per Mcf
Oil cash receipts for the Trust’s underlying properties reached approximately $0.95 million, up $0.04 million compared to the previous distribution period. T2S Permian Acquisition II LLC (“T2S”) attributed the increase mainly to higher oil production volumes.
Natural gas cash receipts were about $0.03 million, remaining largely flat compared to the prior period. According to T2S, lower gas sales volumes were mostly offset by stronger natural gas pricing.
Direct operating costs, including marketing, lease operating, and workover expenses, totaled $0.47 million, rising by $0.06 million from the previous period. T2S stated that the increase was primarily driven by higher lease operating expenses.
Severance and ad valorem taxes included in the net profits calculation amounted to $0.08 million, up $0.05 million from the prior month. T2S noted that this increase was mainly due to the reversal of an ad valorem tax credit applied in the previous distribution period.
No capital expenditures were reported for the month, as all drilling activities initiated in 2025 have been completed.
Natural gas cash receipts were about $0.03 million, remaining largely flat compared to the prior period. According to T2S, lower gas sales volumes were mostly offset by stronger natural gas pricing.
Direct operating costs, including marketing, lease operating, and workover expenses, totaled $0.47 million, rising by $0.06 million from the previous period. T2S stated that the increase was primarily driven by higher lease operating expenses.
Severance and ad valorem taxes included in the net profits calculation amounted to $0.08 million, up $0.05 million from the prior month. T2S noted that this increase was mainly due to the reversal of an ad valorem tax credit applied in the previous distribution period.
No capital expenditures were reported for the month, as all drilling activities initiated in 2025 have been completed.
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