Permian Basin Royalty Trust declares $0.018047/unit monthly distribution; litigation update against operator Blackbeard

PERMIAN BASIN ROYALTY TRUST

Monthly cash distribution of $0.018047 per unit, payable April 14, 2025, to holders of record March 31, 2025.
No distribution from Waddell Ranch properties due to excess costs; operator Blackbeard refused monthly data.
Texas Royalty Properties contributed $1,081,481; oil prices averaged $70.81/bbl, gas $7.88/Mcf.
Trust litigation against Blackbeard seeks >$25M in damages; trial set for Nov 17, 2025, in Tarrant County.
Excess costs must be recovered before any Waddell distributions resume; Blackbeard now reporting quarterly.

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