PermRock Royalty Trust (PRT) Q2 2026 earnings summary

Executive summary

• Q2 2026 distributable income was $409,050, or $0.033622 per unit; H1 distributable income was $813,117, down from $2,666,713 YoY.

• Lower oil and gas sales volumes and weaker natural gas prices reduced net profits income; higher oil prices partly offset the decline.

Financial highlights

• Q2 net profits income was $697,904 vs. $1,545,465 YoY; total revenue was $706,672 vs. $1,557,602.

• Q2 G&A expenses were $297,622 vs. $357,084 YoY; interest income was $8,768 vs. $12,137.

• H1 net profits income was $1,345,337 vs. $3,256,228; total revenue was $1,363,640 vs. $3,280,905.

• H1 G&A expenses were $550,523 vs. $614,192; interest income was $18,303 vs. $24,677.

Outlook and guidance

• T2S budgeted ~$0.7 million for 2026 workovers on 22 shut-in wells and one plugging and abandonment operation; ~$0.4 million was spent by June 30, with work expected in Q2 and Q3.

• The July 21 distribution was $274,696.04, or $0.022579 per unit, payable August 14, based on May 2026 production.