Business/Financial Results (Form 8-K)

PermRock Royalty Trust

News Release

PermRock Royalty Trust

Declares Monthly Cash Distribution

DALLAS, Texas, June 18, 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 June 30, 2026, and payable on July 15, 2026, in the amount of $370,879.54 ($0.030485 per Trust Unit), based principally upon production during the month of April 2026.

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 $1.59 million for the current month, an increase of $0.24 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 and oil prices.

Natural gas cash receipts for the properties underlying the Trust totaled $0.02 million for the current month, a decrease of $0.02 million from the prior month's distribution period. T2S informed the Trust that this decrease was primarily due to a decrease in natural gas sales volumes, partially offset by an increase in natural gas prices.

Total direct operating expenses, including marketing, lease operating expenses, and workover expenses, were $0.57 million, a decrease of $0.36 million from the prior month's distribution period. T2S informed the Trust that this decrease was primarily due to decreases in lease operating expenses and workover expenses.

Severance and ad valorem taxes included in this month's net profits calculation were $0.21 million, an increase of $0.15 million from the prior month's distribution period. T2S informed the Trust that this increase was primarily due to an increase in ad valorem taxes resulting from the recognition of remaining severance taxes paid during the first quarter of 2026.

Capital expenditures reflected a net credit of $12,436 for the current month. T2S informed the Trust that this amount primarily reflected a credit to tangible drilling costs, partially offset by intangible completion costs and tangible completion costs attributable to non-operated wells.

T2S informed the Trust that this month's net profits calculation included $100,000 net to the Trust of funds reserved by T2S to cover future ad valorem taxes and workovers budgeted for the third quarter of 2026.

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.