Earnings summaries and quarterly performance for PERMIAN BASIN ROYALTY TRUST.
Research analysts covering PERMIAN BASIN ROYALTY TRUST.
Recent press releases and 8-K filings for PBT.
Permian Basin Royalty Trust Announces December Cash Distribution and Special Meeting Results
PBT
Dividends
Proxy Vote Outcomes
Earnings
- Permian Basin Royalty Trust declared a cash distribution of $0.013198 per unit for December, payable on January 15, 2026, to unitholders of record on December 31, 2025. This distribution decreased from the previous month primarily due to lower oil volumes and pricing for the Texas Royalty Properties.
- No proceeds from the Waddell Ranch properties were included in the December distribution because total production costs exceeded gross proceeds for November, resulting in a continuing excess cost position. All excess costs must be recovered before future distributions from these properties.
- For November, the Texas Royalty Properties generated revenues of $933,086 and a Net Profit of $793,696, contributing $754,012 to the distribution after the Trust's 95% net profit interest. Oil production was 13,834 barrels at an average price of $60.17 per bbl, and gas production was 12,089 Mcf at $8.32 per Mcf.
- At a special meeting held on December 16, 2025, unitholders voted in favor of SoftVest's non-binding proposal to seek judicial reformation or modification of the Trust Indenture to allow for amendments by a simple majority vote, with approximately 59.9% of outstanding units voting in favor.
6 days ago
Permian Basin Royalty Trust Announces December Distribution and Special Meeting Results
PBT
Dividends
Proxy Vote Outcomes
Legal Proceedings
- Permian Basin Royalty Trust declared a cash distribution of $0.013198 per unit, payable on January 15, 2026, to unitholders of record on December 31, 2025.
- The distribution decreased compared to the previous month, primarily due to lower oil volumes and pricing from the Texas Royalty Properties, partially offset by higher natural gas volumes and pricing.
- No proceeds from the Waddell Ranch properties were included in the December distribution for November 2025, as total production costs exceeded gross proceeds, resulting in a continuing excess cost position.
- At a special meeting on December 16, 2025, approximately 59.9% of outstanding Trust units voted in favor of a non-binding proposal for SoftVest Advisors, LLC to seek judicial reformation or modification of the Trust's Indenture.
6 days ago
Permian Basin Royalty Trust Announces November Cash Distribution and Special Meeting
PBT
Dividends
Proxy Vote Outcomes
Demand Weakening
- Permian Basin Royalty Trust declared a cash distribution of $0.019233 per unit, payable on December 12, 2025, to unitholders of record on November 28, 2025.
- The distribution does not include proceeds from the Waddell Ranch properties due to a continuing excess cost position where total production costs exceeded gross proceeds for September.
- This month's distribution decreased compared to the previous month, primarily due to lower natural gas volumes and lower oil and natural gas prices from the Texas Royalty Properties.
- A special meeting has been called by SoftVest Advisors, LLC for December 16, 2025, to vote on a proposal to judicially reform the Trust's Indenture to allow a majority vote to approve amendments.
Nov 17, 2025, 4:29 PM
Permian Basin Royalty Trust Announces November Distribution and Special Meeting
PBT
Dividends
Proxy Vote Outcomes
- Permian Basin Royalty Trust declared a cash distribution of $0.019233 per unit, payable on December 12, 2025, to unit holders of record on November 28, 2025.
- This month's distribution decreased compared to the previous month, primarily due to lower natural gas volumes and lower oil and natural gas prices for the Texas Royalty Properties.
- The distribution does not include proceeds from the Waddell Ranch properties because total production costs exceeded gross proceeds for September, resulting in a continuing excess cost position.
- A special meeting of unit holders will be held on December 16, 2025, to vote on a proposal to reform the Trust's Indenture, allowing a majority of Units cast at a special meeting to approve any amendment.
Nov 17, 2025, 1:00 PM
Permian Basin Royalty Trust Announces October Cash Distribution and Special Meeting
PBT
Dividends
Proxy Vote Outcomes
- Permian Basin Royalty Trust declared a cash distribution of $0.020021 per unit, payable on November 17, 2025, to unitholders of record on October 31, 2025.
- The distribution does not include proceeds from the Waddell Ranch properties due to a continuing excess cost position for August, where total production costs exceeded gross proceeds.
- This month's distribution decreased compared to the previous month, primarily due to the absence of the first settlement payment from Blackbeard Operating LLC.
- A Special Meeting of unitholders is scheduled for December 16, 2025, with a record date of November 11, 2025, to vote on a proposal to reform the Trust's Indenture regarding amendment approval.
Oct 21, 2025, 3:57 PM
Permian Basin Royalty Trust Announces October Cash Distribution and Special Meeting
PBT
Dividends
Proxy Vote Outcomes
- Permian Basin Royalty Trust declared a cash distribution of $0.020021 per unit, payable on November 17, 2025, to unit holders of record on October 31, 2025.
- The distribution decreased compared to the previous month, primarily due to the absence of the first settlement payment from Blackbeard Operating LLC, though this was partially offset by higher oil and natural gas volumes and natural gas prices from the Texas Royalty Properties.
- No proceeds from the Waddell Ranch properties were included in the October distribution because total production costs exceeded gross proceeds for the month of August, resulting in a continuing excess cost position.
- A special meeting has been requested by SoftVest Advisors, LLC and other unit holders for December 16, 2025, to vote on a proposal to reform the Trust's Indenture to allow a majority vote of Units cast to approve amendments.
Oct 21, 2025, 12:00 PM
Permian Basin Royalty Trust Announces September Cash Distribution and Lawsuit Settlement
PBT
Dividends
Legal Proceedings
Earnings
- Permian Basin Royalty Trust declared a cash distribution of $0.115493 per unit, payable on October 15, 2025, to unitholders of record on September 30, 2025.
- The distribution includes a $4.5 million first installment from a $9 million settlement with Blackbeard Operating, LLC, resolving a lawsuit filed in 2024. The remaining $4.5 million will be paid in four equal quarterly installments during the 2026 calendar year.
- No proceeds from the Waddell Ranch properties were included in this distribution due to total production costs exceeding gross proceeds for August, resulting in a continuing excess cost position.
- The Texas Royalty Properties contributed $934,159 to this month's distribution, based on 13,944 barrels of oil at an average price of $65.76 per bbl and 10,800 Mcf of gas at $6.65 per Mcf.
Sep 19, 2025, 2:34 PM
Permian Basin Royalty Trust Declares September Distribution, Announces Blackbeard Settlement, and Reports Waddell Ranch Excess Costs
PBT
Dividends
Legal Proceedings
- Permian Basin Royalty Trust declared a cash distribution of $0.115493 per unit, payable on October 15, 2025, to unit holders of record on September 30, 2025.
- The distribution increased compared to the previous month, primarily due to the first settlement payment from Blackbeard Operating LLC and higher natural gas volumes and oil prices from Texas Royalty Properties.
- The Trust received $4.5 million as the first installment of a $9 million settlement with Blackbeard Operating, LLC, with the remaining $4.5 million to be paid in four equal quarterly installments during the 2026 calendar year.
- No proceeds from the Waddell Ranch properties were included in this distribution, as total production costs exceeded gross proceeds for August, resulting in a continuing excess cost position.
- The Texas Royalty Properties contributed $934,159 to this month's distribution, based on allocated production of 13,944 barrels of oil and 10,800 Mcf of gas.
Sep 19, 2025, 12:00 PM
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