dividend
confidence high
sentiment neutral
materiality 0.40
PermRock Royalty Trust declares $420,394 monthly distribution, $0.034555/unit
PermRock Royalty Trust
- Monthly cash distribution of $420,393.59 ($0.034555/unit) declared, record date Jan 31, payable Feb 14, based on Nov 2023 production.
- Oil sales receipts fell $0.21M to $1.97M due to lower prices; natural gas receipts fell $0.02M to $0.08M.
- Direct operating expenses $0.81M (+$0.04M); severance/ad valorem taxes $0.05M (-$0.12M) from tax refund.
- Capital expenses $0.28M (-$0.24M) as well stimulation project concluded; Boaz Energy reserved $240K for future obligations.