Dividends & Buybacks ·
Permian Basin Royalty Trust declared a monthly cash distribution of $0.018701 per unit for August, payable on…
PBTPermian Basin Royalty Trust
Permian Basin Royalty Trust declared a monthly cash distribution of $0.018701 per unit for August, payable on September 15, 2026, to unitholders of record on August 31, 2026. The total distribution amount is $871,663.17, derived from net profits of $1,325,455 from Texas Royalty Properties after deducting general and administrative expenses of $453,792. This represents a decrease from the prior month due to the absence of a $1,125,000 settlement payment previously received from Blackbeard Operating LLC, lower natural gas volumes and oil pricing in Texas Royalty Properties, partially offset by higher oil volumes and gas pricing. No proceeds were included for Waddell Ranch properties as production costs exceeded gross proceeds for July. Additionally, the filing notes a proposed business combination between SoftVest affiliates and Blackbeard Holdings to create PBT Land and Minerals, Inc., subject to unitholder approval at a special meeting. Permian Basin Royalty Trust operates in the oil and gas industry by holding net profits interests in producing mineral properties.