Headquartered in Dallas, TX Fiscal year ends December NYSE: PRT permrock.com
PermRock Royalty Trust is a Delaware statutory trust that owns 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 in the Permian Basin of West Texas. The properties are owned and operated by T2S Permian Acquisition II LLC. The Trust distributes monthly cash payments to unitholders based on oil and natural gas production revenues net of operating expenses, capital expenditures, and taxes. The Trust trades on the NYSE under the ticker PRT. Updated
The headline thesis sounds airtight: West Texas Intermediate crude pushed back toward $100 a barrel in late April, even briefly touching almost $115 on April 7. A Permian Basin royalty vehicle should…
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24/7 Wall St. Insights Wall Street is now expecting 25-basis-point rate cuts in November and December. The federal funds rate should drop to 3.00% to 3.25% by 2026. Sit back and let…
Investors love dividend stocks because they provide dependable income and give investors a great opportunity for solid total return. Total return includes interest, capital gains, dividends, and distributions realized over time. In…
PermRock Royalty Trust is a Delaware statutory trust that owns 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 in the Permian Basin of West Texas.
The Wall Street consensus 12-month price target for PRT is $2.00.
