dividend
confidence high
sentiment neutral
materiality 0.20
PermRock Royalty Trust declares monthly distribution of $0.030013 per unit
PermRock Royalty Trust
- Distribution of $365,131.80 ($0.030013/unit) payable June 14, 2023 to holders of record May 31, 2023.
- Underlying March 2023 sales: oil 27,915 Bbls at $71.29/Bbl; natural gas 32,139 Mcf at $3.58/Mcf.
- Oil cash receipts rose $0.15M to $1.99M; natural gas cash receipts fell $0.02M to $0.12M.
- Total direct operating expenses decreased $0.15M to $0.62M; capital expenses increased $0.08M to $0.67M.
- Capital expenses increase attributed to well reactivation in Permian Shelf area by Boaz Energy.