Quarterly ResultMay 14, 2026, 12:01 PM
PermRock Royalty Trust Q1 Distributable Income Down 72.4% to $404K
AI Summary
PermRock Royalty Trust reported a significant decrease in distributable income for Q1 2026, falling 72.4% to $404,068, or $0.033212 per unit, compared to the prior year. This decline was primarily driven by lower oil and natural gas sales volumes and prices, largely due to severe winter weather in Texas in January and February 2026. T2S, the operator, plans a $0.7 million workover budget for 2026 to address 22 shut-in wells.
Key Highlights
- Distributable income decreased 72.4% to $404,068 in Q1 2026.
- Distributable income per unit fell to $0.033212 from $0.120517.
- Oil sales volumes decreased 36.0% to 44,572 Bbls.
- Natural gas sales volumes decreased 21.9% to 61,849 Mcf.
- Average realized oil price decreased to $57.17 per Bbl.
- Average realized natural gas price decreased to $1.50 per Mcf.
- T2S budgeted $0.7 million for 2026 workovers on 22 shut-in wells.