PermRock Royalty Trust Declares Monthly Cash Distribution
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PermRock Royalty Trust has declared a monthly cash distribution of $0.030271 per Trust Unit, based on September 2024 production. The distribution will be payable on December 13, 2024. Oil and natural gas sales volumes and prices have decreased compared to the previous month.
November 18, 2024 | 11:45 am
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NEUTRAL IMPACT
PermRock Royalty Trust declared a monthly cash distribution of $0.030271 per Trust Unit, with a decrease in oil and gas sales volumes and prices compared to the previous month.
The declaration of a cash distribution is a regular event for trusts like PRT, and while it provides income to investors, the decrease in sales volumes and prices may offset positive sentiment. The impact on the stock price is likely neutral as the distribution is expected, but the decrease in revenues could be a concern.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100