Business/Financial Results (Form 8-K)

PermRock Royalty Trust

News Release

PermRock Royalty Trust

Declares Monthly Cash Distribution

DALLAS, Texas, April 20, 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 April 30, 2026, and payable on May 14, 2026, in the amount of $5,756.78 ($0.000473 per Trust Unit), based principally upon production during the month of February 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 $0.82 million for the current month, an increase of $0.13 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 $0.03 million for the current month, essentially unchanged from the prior month's distribution period despite the increase in natural gas sales prices. T2S informed the Trust that this was primarily due to a decrease in natural gas sales volumes.

Total direct operating expenses, including marketing, lease operating expenses, and workover expenses, were $0.45 million, an increase of $0.11 million from the prior month's distribution period. T2S informed the Trust that this increase was due to increases in lease operating expenses and workover expenses.

Severance and ad valorem taxes included in this month's net profits calculation were $0.04 million, a decrease of $0.04 million from the prior month's distribution period. T2S informed the Trust that this decrease was primarily due to a decrease in ad valorem taxes.

T2S reported 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.