PermRock Royalty Trust

PermRock Royalty Trust owns and holds a Net Profits Interest in oil, natural gas and NGL production and receives cash receipts for distribution to its unitholders. The Trust’s primary receipts are 80% of the net profits from sales of oil, natural gas and NGLs from the Conveyed Underlying Properties, and it administers monthly cash distributions after administrative fees and reserves. The Trust operates as a passive royalty vehicle managed by the Trustee, with Boaz Energy and successor operators responsible for operations of the Underlying Properties. All of the Trust’s assets and sales are in the United States, primarily from multiple operating areas in the Permian Basin, and production is sold to third‑party purchasers through pipelines, trucking and market‑sensitive contracts.

Summary from filing dated 2025-03-28