PermRock Royalty Trust announced the declaration of a monthly cash distribution for the month of November 2026. The distribution will be paid to record holders of Trust Units as of October 30, 2026, with payment scheduled for November 16, 2026. The total amount of the distribution is $197,140.34, which equates to $0.016204 per Trust Unit.
The distribution is based principally upon production during the month of August 2026. The underlying properties generated total oil sales of 12,603 barrels and natural gas sales of 18,137 thousand cubic feet. The average received wellhead price for oil was $79.75 per barrel, while the average price for natural gas was $1.97 per thousand cubic feet.
Oil cash receipts totaled $1.01 million for the current month, a decrease of $0.24 million compared to the prior month. T2S Permian Acquisition II LLC, the operator, attributed this decrease primarily to lower oil sales volumes. Conversely, natural gas cash receipts totaled $0.04 million, an increase of approximately $0.02 million from the prior month, driven by higher gas prices despite a decrease in volumes.
Total direct operating expenses for the month were $0.46 million, a decrease of approximately $0.19 million from the prior period. This reduction was attributed to lower workover and lease operating expenses. The net profits calculation for the month included a $62,500 holdback for future ad valorem taxes, resulting in a net amount of $50,000 available to the Trust.
