PermRock Royalty Trust Q2 Distributable Income Falls 66% on Lower Volumes
PRT sits 20% above its 52-week low of $1.82.
Summary
PermRock Royalty Trust's Q2 2026 distributable income fell 66% year-over-year to $409,050, as lower production volumes and weak natural gas prices offset higher oil prices. The July distribution was reduced to $0.022579 per unit.
Key Events · Earnings and Guidance · PRT
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Distributable Income Plunges 66%
Q2 2026 distributable income was $409,050 ($0.033622 per unit), down from $1,200,518 ($0.098679 per unit) in Q2 2025. Six-month distributable income fell 70% to $813,117.
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Production Volumes Decline Sharply
Oil sales volumes fell 28.4% to 46,379 Bbls and natural gas volumes fell 45.7% to 46,482 Mcf, primarily due to natural decline and winter storm shut-ins.
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Natural Gas Price Collapse
Average realized natural gas price dropped 42% to $1.89 per Mcf due to negative Waha Hub differentials from pipeline takeaway constraints. Oil price rose 22% to $81.09 per Bbl.
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July Distribution Cut
The trust declared a July 2026 distribution of $0.022579 per unit, down from $0.030485 in June 2026, reflecting May production of 15,086 Bbls oil and 19,692 Mcf gas.
Analysis · PRT · Energy & Transportation
PermRock Royalty Trust reported a sharp decline in distributable income for Q2 2026, driven by a 28% drop in oil volumes and a 46% drop in natural gas volumes. While oil prices improved, natural gas prices collapsed due to negative Waha Hub differentials. The trust's distributable income per unit fell to $0.033622 from $0.098679 a year ago, and the July distribution was cut to $0.022579 per unit. This continues a downward trend from the prior quarter and signals reduced cash returns to unitholders.
At the time of this filing, PRT was trading at $2.19 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $26.6M. The 52-week trading range was $1.82 to $4.12. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.