Dividends & Buybacks ·
Permian Basin Royalty Trust declares $0.019593 per unit distribution for September
PBTPermian Basin Royalty Trust
Permian Basin Royalty Trust declared a monthly cash distribution of $0.019593 per unit for September, payable on October 15, 2026, to unitholders of record on September 30, 2026. The distribution excludes proceeds from the Waddell Ranch properties due to an excess cost position where production costs exceeded gross proceeds in August. Texas Royalty Properties contributed $1,130,007 to the total distribution of $913,228.22 after deducting general and administrative expenses of $216,779 from revenues of $1,324,846. The Trust is also navigating a proposed business combination with Blackbeard Holdings to form PBT Land and Minerals, Inc., which requires unitholder approval at a special meeting. Permian Basin Royalty Trust operates in the oil and natural gas sector by holding net profits interests in producing properties.