PermRock Royalty Trust Declares Monthly Cash Distribution
Portfolio Pulse from
PermRock Royalty Trust (NYSE:PRT) announced a monthly cash distribution of $0.040276 per Trust Unit, based on November 2024 production. The distribution totals $489,995.26, with oil and natural gas sales volumes slightly down from the previous month.
January 21, 2025 | 11:45 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
PermRock Royalty Trust declared a monthly cash distribution of $0.040276 per Trust Unit, totaling $489,995.26. This is based on November 2024 production, with a slight decrease in oil and gas sales volumes compared to the previous month.
The announcement of a cash distribution is a regular event for trusts like PRT, and while it provides income to investors, the slight decrease in sales volumes and oil prices may offset any positive impact. The distribution amount is consistent with previous payouts, suggesting stability but not significant growth.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100