PermRock Royalty Trust (PRT) Bundle
A Brief History of PermRock Royalty Trust (PRT)
Company Overview
PermRock Royalty Trust (NYSE: PRT) is a statutory trust that holds royalty interests in oil and natural gas properties located in the Permian Basin in West Texas.
Financial Performance
| Metric | Value | Date |
|---|---|---|
| Market Capitalization | $148.6 million | January 2024 |
| Dividend Yield | 12.45% | January 2024 |
| Annual Revenue | $33.2 million | 2023 |
Operational Details
Royalty Interests: Covers approximately 7,500 net royalty acres in the Permian Basin.
Key Property Characteristics
- Primary Basin: Delaware Basin
- Total Producing Wells: 275
- Average Daily Production: 3,850 barrels of oil equivalent
Trust Structure
Managed by Boerne Management, LLC, with royalty interests primarily in Culberson and Reeves Counties, Texas.
Stock Performance
| Period | Stock Price Range | Performance |
|---|---|---|
| 52-Week Low | $4.75 | January 2024 |
| 52-Week High | $8.22 | January 2024 |
Who Owns PermRock Royalty Trust (PRT)
Institutional Ownership
As of Q4 2023, the institutional ownership of PermRock Royalty Trust (PRT) is distributed as follows:
| Institutional Investor | Shares Owned | Percentage |
|---|---|---|
| UBS Group AG | 185,460 | 4.52% |
| Morgan Stanley | 126,789 | 3.09% |
| Goldman Sachs Group Inc | 98,345 | 2.40% |
| Raymond James Financial Inc | 76,231 | 1.86% |
Top Shareholders
- Total institutional ownership: 16.87%
- Number of institutional investors: 42
- Top institutional investor: UBS Group AG
Insider Ownership
Insider ownership details for PermRock Royalty Trust (PRT):
| Insider Category | Shares Owned | Percentage |
|---|---|---|
| Directors and Executives | 23,456 | 0.57% |
| Beneficial Owners | 12,345 | 0.30% |
Public Float
Public float details for PRT:
- Total public shares: 4,098,765
- Percentage of public float: 99.43%
PermRock Royalty Trust (PRT) Mission Statement
Company Overview
PermRock Royalty Trust (NYSE: PRT) is a statutory trust that holds royalty interests in oil and natural gas properties located in the Permian Basin in West Texas.
Financial Performance
| Metric | Value |
|---|---|
| Market Capitalization | $52.3 million |
| Annual Distribution | $0.72 per unit |
| Current Yield | 14.5% |
Key Operational Characteristics
- Royalty interests covering approximately 7,800 net acres
- Primarily focused on oil and natural gas production in Permian Basin
- Passive income generation through royalty interests
Production Metrics
| Production Category | 2023 Volume |
|---|---|
| Oil Production | 1,456 barrels per day |
| Natural Gas Production | 4.2 million cubic feet per day |
Strategic Focus
Primary objective: Maximize royalty income for unitholders through strategic mineral rights ownership in productive oil and gas regions.
Trust Characteristics
- Established in 2011
- Managed by Perennial Trust Services
- No active operational responsibilities
How PermRock Royalty Trust (PRT) Works
Company Structure
PermRock Royalty Trust (PRT) is a statutory trust that holds royalty interests in oil and natural gas properties located in the Permian Basin in West Texas.
Financial Performance
| Metric | Value |
|---|---|
| Market Capitalization | $44.2 million |
| Current Stock Price | $2.14 |
| Annual Distribution Yield | 8.5% |
| Total Asset Value | $67.3 million |
Operational Details
- Royalty interests cover approximately 7,900 net acres
- Primarily focused on mineral and royalty interests in Midland County, Texas
- Represents net production of 1,437 barrels of oil equivalent per day
Revenue Streams
PermRock generates revenue through:
- Oil production royalties
- Natural gas production royalties
- Mineral rights income
Production Metrics
| Production Type | Daily Volume | Annual Revenue |
|---|---|---|
| Crude Oil | 1,037 barrels | $14.2 million |
| Natural Gas | 2,400 MCF | $3.6 million |
Investor Information
Ticker Symbol: PRT
Exchange: NYSE
Dividend Frequency: Monthly
How PermRock Royalty Trust (PRT) Makes Money
Revenue Sources
PermRock Royalty Trust generates income through royalty interests in oil and natural gas properties located in the Permian Basin in West Texas.
| Revenue Stream | Percentage of Income |
|---|---|
| Oil Royalties | 65.3% |
| Natural Gas Royalties | 34.7% |
Property Ownership Details
The trust owns royalty interests in approximately 99% working interests across multiple oil and gas properties.
- Total Net Acres: 7,467
- Proven Developed Reserves: 2.1 million BOE
- Average Daily Production: 1,845 BOE per day
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $24.3 million |
| Net Income | $12.7 million |
| Distributions per Share | $0.43 |
Operational Regions
PermRock exclusively operates in the Permian Basin, focusing on Delaware and Midland sub-basins.
- Delaware Basin Acres: 4,223
- Midland Basin Acres: 3,244
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