PRT
PermRock Royalty Trust
PRT's fundamentals are weak: revenue fell 42% and its operating margin fell 7 points to 77%. At 6.0x earnings, it's trading below its usual 8.7x. Its downside scenario is about three times its upside.
PRT Fundamentals
| Metric | Status |
|---|---|
| Weak | |
| Healthy | |
| Stable | |
| Strong |
PRT's profitability and balance sheet are currently healthy, and its cash flow is stable, but its revenue is weak.
PRT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 1.9x | $1.42 | — |
| Cheap | 6x | $1.39 | -2.4% |
| Current | 6x | $1.42 | — |
| Fair | 8.7x | $1.99 | +40% |
| Expensive | 14x | $3.27 | +130% |
Historical ranges are pointers, not guarantees.
PRT's PE is in its cheap range at 6.0x. On analysts' estimates for next year's earnings, today's price would be 1.9x.
PRT Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Decline | |
| Strong growth | |
| Strongly weakening | |
| Limited | |
| High |
Analysts expect PRT's revenue to grow, but its earnings and profitability to decline.
PRT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.77 | +234% |
| Q2 2026 | $0.23 | -48% |
| Q1 2026 | $0.30 | -33% |
| Q4 2025 | $0.39 | -7.1% |
| Q3 2025 | $0.42 | 0% |
| Q2 2025 | $0.44 | +2.3% |
| Q1 2025 | $0.45 | +7.1% |
| Q4 2024 | $0.42 | -18% |
| Q3 2024 | $0.42 | -36% |
PRT's earnings per share have fallen from their peak: $0.23 over the past year, against $1.01 in late 2022.
PRT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $706.7K | -55% |
| Q1 2026 | $657K | -62% |
| Q4 2025 | $1.1M | -27% |
| Q3 2025 | $1.3M | -20% |
| Q2 2025 | $1.6M | -6.9% |
| Q1 2025 | $1.7M | +31% |
| Q4 2024 | $1.5M | -2.7% |
| Q3 2024 | $1.6M | -8.3% |
PRT's revenue has slid since its 2022 peak: $706,672 last quarter, down 55% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 58% | -19 points |
| Q1 2026 | 62% | -24 points |
| Q4 2025 | 88% | -4.2 points |
| Q3 2025 | 88% | +2.6 points |
| Q2 2025 | 77% | -3.6 points |
| Q1 2025 | 85% | -0.5 points |
| Q4 2024 | 92% | +2 points |
| Q3 2024 | 86% | -0.2 points |
PRT's operating margin was 58% last quarter, down 19 points from the same quarter a year ago, near the bottom of its range since 2019.
PRT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $0 | $0 |
| Q1 2026 | $0 | $0 |
| Q4 2025 | $0 | $0 |
| Q3 2025 | $0 | $0 |
| Q2 2025 | $0 | $0 |
| Q1 2025 | $0 | $0 |
| Q4 2024 | $0 | +$724.9K |
| Q3 2024 | $0 | $0 |
PRT's free cash flow was $0 over the past year, against $0 the year before.
PRT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | 0% | -159 shares |
| 3 years | 0% | -- |
| 5 years | 0% | -- |
| Available history | 0% | -- |
PRT has 12M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
PRT hasn't bought back shares in the past year.
PRT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -0.5x | Net Cash |
| Q1 2026 | -0.3x | Net Cash |
| Q4 2025 | -254.5x | Net Cash |
| Q3 2025 | -0.3x | Net Cash |
| Q2 2025 | -0.3x | Net Cash |
| Q1 2025 | -0.3x | Net Cash |
| Q4 2024 | -0.3x | Net Cash |
| Q3 2024 | -0.3x | Net Cash |
PRT has more cash than debt.
PRT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 22.4 | Oversold |
| Stochastic | 14.4 | Oversold |
PRT's weekly RSI is 22 (oversold) and its Stochastic is 14 (oversold).
PRT PE vs Energy Sector
| Metric | PRT | Sector median | Relative |
|---|---|---|---|
| PE | 6x | 13x | 54% below |
| PE % | 17 | 61 | 44 pts below |
PRT is trading at 6.0x earnings, a 54% discount to the Energy sector's median of 13x.
PRT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1.65 | 14% below |
| 20 week MA | $1.97 | 28% below |
| 50 week MA | $2.60 | 45% below |
| 100 week MA | $3.29 | 57% below |
| 200 week MA | $4.16 | 66% below |
PRT is in a downtrend: it's below all five of its weekly moving averages, and 66% below its 200-week average.
PRT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $5.80 | $3.21 | -45% |
| 2021 | $3.21 | $6.80 | +112% |
| 2022 | $6.80 | $7.40 | +8.8% |
| 2023 | $7.40 | $4.42 | -40% |
| 2024 | $4.42 | $3.64 | -18% |
| 2025 | $3.64 | $2.98 | -18% |
| 2026 YTD | $2.98 | $1.42 | -52% |
PRT has finished three years in a row lower, and it's down 52% so far in 2026.