Permian Basin Royalty Trust Announces September Cash Distribution
The Permian Basin Royalty Trust (NYSE: PBT) announced a cash distribution of $0.019593 per unit, payable on October 15, 2026 to unitholders of record as of September 30, 2026. The increase in the monthly payout was primarily due to reduced Trust expenses, although it was partially offset by lower oil and natural gas volumes from Texas Royalty Properties and a decline in oil prices despite higher natural gas pricing. The distribution does not include proceeds from Waddell Ranch properties because production costs exceeded gross revenues for August 2026. As such, the excess cost position continues at these properties. The Trustee will disclose quarterly data on Form 10-Q and annual reports due to Blackbeard Operating LLC providing information only on a quarterly basis. For Texas Royalty Properties in August, production totaled 13,460 barrels of oil and 4,868 Mcf of gas. Oil averaged $83.20 per barrel while natural gas averaged $13.49 per Mcf (including NGL pricing). After deducting taxes and expenses ($135,365), the net profit was $1,189,481 with 95% allocated to the Trust for a contribution of $1,130,007 toward this month's distribution.
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