dividend
confidence high
sentiment negative
materiality 0.50
PermRock Royalty Trust declares $0.040201/unit monthly distribution, production declines
PermRock Royalty Trust
- Cash distribution of $489,082.69 ($0.040201 per unit) payable Sept 15, 2023 to holders of record Aug 31, 2023.
- Oil sales volumes fell to 24,252 bbls (808 bbls/d) vs 27,186 bbls prior month; avg oil price $68.06/bbl.
- Natural gas volumes dropped to 26,054 Mcf (868 Mcf/d) from 39,445 Mcf; avg gas price rose to $2.69/Mcf.
- Oil cash receipts decreased $0.24M to $1.65M; natural gas receipts fell $0.02M to $0.07M.
- Operating expenses declined to $0.58M; capital expenses of $0.19M included $40,000 from reserved funds.