Business/Financial Results (Form 8-K)

PermRock Royalty Trust

News Release

PermRock Royalty Trust

Declares Monthly Cash Distribution

DALLAS, Texas, February 17, 2026 - PermRock Royalty Trust (NYSE:PRT) (the "Trust") today declared a monthly cash distribution to record holders of its trust units representing beneficial interests in the Trust ("Trust Units") as of February 27, 2026, and payable on March 13, 2026, in the amount of $131,772.12 ($0.010831 per Trust Unit), based principally upon production during the month of December 2025.

The following table displays underlying oil and natural gas sales volumes and average received wellhead prices attributable to the current and prior month net profits interest calculations:

Oil cash receipts for the properties underlying the Trust totaled $0.95 million for the current month, an increase of $0.04 million from the prior month's distribution period. T2S Permian Acquisition II LLC ("T2S") informed the Trust that this increase was primarily due to an increase in oil sales volumes.

Natural gas cash receipts for the properties underlying the Trust totaled $0.03 million for the current month, essentially unchanged from the prior month's distribution period. T2S informed the Trust that this was primarily due to a decrease in natural gas sales volumes that was only partially offset by the increase in natural gas prices.

Total direct operating expenses, including marketing, lease operating expenses, and workover expenses, were $0.47 million, an increase of $0.06 million from the prior month's distribution period. T2S informed the Trust that this increase was primarily due to an increase in lease operating expenses.

Severance and ad valorem taxes included in this month's net profits calculation were $0.08 million, an increase of $0.05 million from the prior month's distribution period. T2S informed the Trust that this increase was primarily due to the application of a credit of ad valorem tax amounts in the prior month's distribution period.

T2S reported there were no capital expenditures this month due to completion of all drilling commenced in 2025.

About PermRock Royalty Trust

PermRock Royalty Trust is a Delaware statutory trust formed to own a net profits interest representing the right to receive 80% of the net profits from the sale of oil and natural gas production from certain properties owned and operated by T2S in the Permian Basin of West Texas. For more information on PermRock Royalty Trust, please visit our website at www.permrock.com.