Welcome to our dedicated page for PermRock Royalty Trust Trust Unit news (Ticker: PRT), a resource for investors and traders seeking the latest updates and insights on PermRock Royalty Trust Trust Unit stock.
PermRock Royalty Trust (NYSE: PRT) is a Delaware statutory trust created by Boaz Energy II, LLC to own a net profits interest, which entitles the Trust to receive 80% of the net profits from the sale of oil and natural gas production from properties owned by Boaz Energy in the Permian Basin of West Texas. The Trust's primary function is to distribute the cash it receives from these net profits to its unitholders and to carry out certain administrative duties.
The Trust has a unique structure where it does not operate any oil and gas wells directly but earns income from the production activities conducted on the underlying properties. This model ensures that the Trust benefits when the prices of oil and natural gas are favorable, though it is also subject to the volatility in these commodity prices. Recently, the Trust has been steady in declaring monthly cash distributions to its unitholders. For instance, in May 2024, the Trust announced a cash distribution of $490,223.49, reflecting an increase in oil sales volumes and prices for the month of March 2024.
Boaz Energy, as the operator and trustor, reports on the performance and financial metrics, such as oil and natural gas sales volumes and prices, direct operating expenses, and capital expenditures. For instance, in June 2024, the Trust's total direct operating expenses amounted to $0.74 million, with severance and ad valorem taxes standing at $0.14 million. The Trust also reported capital expenses of $0.30 million, primarily due to the conversion of a well to an injector in Terry County, Texas.
PermRock Royalty Trust's financial health and the amount of cash available for distribution are influenced by various factors including commodity price fluctuations, production volumes, and operating expenses. It is also impacted by decisions made by Boaz Energy regarding capital projects and reserves for future expenses. Despite these variables, the Trust continues to provide a steady stream of income to its unitholders, underscoring its commitment to leveraging its net profits interest for their benefit.
About PermRock Royalty Trust: PermRock Royalty Trust, through its net profits interest, secures a significant share of the profits from oil and natural gas production activities in one of the most prolific oil-producing regions in the United States. The Trust’s ongoing distributions, transparent operations, and strategic management by Boaz Energy aim to deliver consistent value to its stakeholders.
PermRock Royalty Trust (NYSE:PRT) announced a cash distribution of $609,618.80 for September 2021, amounting to $0.050109 per Trust Unit, payable on October 15, 2021. This amount is primarily based on production from July 2021. Oil cash receipts were $2.11 million, slightly down by $0.03 million from the previous month, attributed to a decrease in sales volumes. In contrast, natural gas receipts rose to $0.19 million due to increased prices and sales volume. Total operating expenses increased to $0.70 million. Capital expenditures rose to $0.53 million, mainly for drilling operations.
PermRock Royalty Trust (NYSE:PRT) has announced a monthly cash distribution of $756,619.34 ($0.062192 per Trust Unit) for record holders as of August 31, 2021, payable on September 15, 2021. This distribution reflects production from June 2021. Key figures include oil sales of $2.14 million, up $0.04 million from the previous month. Natural gas cash receipts remained stable at $0.15 million. Total direct operating expenses decreased to $0.49 million, and capital expenditures remained constant at $0.47 million.
PermRock Royalty Trust (NYSE: PRT) announced a monthly cash distribution of $735,116.19 ($0.060425 per Trust Unit) to be paid on August 13, 2021, based on May 2021 production. Oil cash receipts rose to $2.10 million, a $0.14 million increase from the prior month, due to higher prices and sales volumes. However, natural gas receipts fell to $0.15 million, down $0.03 million, attributed to lower prices and volumes. Total operating expenses decreased slightly to $0.56 million, while capital expenditures also declined to $0.47 million.
PermRock Royalty Trust (NYSE:PRT) declared a monthly cash distribution of $738,342.39 ($0.060690 per Trust Unit) to its holders for June 30, 2021, payable on July 14, 2021. The distribution reflects lower oil cash receipts of $1.96 million, down by $0.13 million due to decreased oil prices and shorter production periods. Meanwhile, natural gas cash receipts increased slightly to $0.18 million. Total operating expenses were $0.58 million, a decrease of $0.14 million. Capital expenditures rose to $0.57 million due to drilling activities in Crane County.
PermRock Royalty Trust (NYSE: PRT) has announced a monthly cash distribution of $678,860.43 ($0.055801 per Trust Unit) for May 2021, payable on June 14, 2021. This distribution is based on production for March 2021. Oil cash receipts increased to $2.09 million due to higher sales volumes and prices, while natural gas receipts rose to $0.17 million. However, direct operating expenses rose to $0.72 million, and capital expenditures also increased to $0.33 million.
PermRock Royalty Trust (NYSE:PRT) announced a monthly cash distribution of $543,064.02 ($0.044638 per Trust Unit) to holders as of April 30, 2021, payable on May 14, 2021. The distribution is based on production data from February 2021. Current month oil sales were $1.61 million with a decrease attributed to reduced sales volumes during a winter storm. Natural gas receipts totaled $0.16 million, also down due to volume declines. Operating expenses rose to $0.59 million, reflecting $0.13 million increase from the prior month.
PermRock Royalty Trust (NYSE: PRT) declared a cash distribution of $566,240.02 (or $0.046543 per Trust Unit) to be paid on April 14, 2021, based on January 2021 production. The current month saw oil cash receipts of $1.76 million and natural gas receipts of $0.18 million, with increases attributed to rising prices. Total operating expenses were $0.46 million, down $0.23 million from the prior month. Capital expenditures decreased to $0.18 million. The Trust holds an 80% net profits interest in oil and gas production from properties in the Permian Basin.
PermRock Royalty Trust (NYSE:PRT) announced a cash distribution of $288,385.40, translating to $0.023704 per trust unit, for record holders as of February 26, 2021, payable on March 12, 2021. The distribution is based on December 2020 production. Oil cash receipts reached $1.56 million, while natural gas contributed $0.14 million, both showing increases attributed to rising prices. Total operating expenses increased to $0.69 million, while capital expenditures decreased to $0.28 million, reflecting reduced drilling activity. The Trust highlighted ongoing volatility in commodity prices as a significant risk factor.
PermRock Royalty Trust (NYSE:PRT) announced a monthly cash distribution of $193,802.60 ($0.015930 per Trust Unit) for record holders as of January 29, 2021, payable on February 12, 2021. This distribution is based on oil and natural gas production data from November 2020. The Trust reported an increase in oil cash receipts to $1.37 million, up $0.06 million from the prior month, and natural gas receipts rose to $0.11 million, an increase of $0.02 million. Total operating expenses for the month were $0.63 million.
PermRock Royalty Trust (NYSE:PRT) announced a monthly cash distribution of $181,440.02 ($0.014914 per Trust Unit) for record holders as of December 31, 2020, payable on January 15, 2021. This distribution is primarily based on October 2020 production. Oil cash receipts rose to $1.31 million, marking an increase of $0.09 million due to higher sales volumes, while natural gas receipts decreased to $0.09 million, down $0.02 million. Total direct operating expenses were $0.55 million, reflecting a slight decrease, while capital expenditures increased to $0.40 million.
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