Permian Basin Royalty Trust declares $0.021749/unit distribution; Waddell Ranch NPI negative

PERMIAN BASIN ROYALTY TRUST

July distribution $0.021749/unit, payable Aug 14 to holders of record July 31; down from prior month on lower oil/gas prices.
Waddell Ranch net profit interest negative $(2.78M) for May due to $13.3M capex and $6.1M lease expenses; no contribution.
Trust warns if current pricing persists, Waddell Ranch may not support future distributions.
2023 capex budget for Waddell Ranch $96.8M net to trust; 42% incurred; 30.75 new drills, 45 recompletions planned.
Texas Royalties contributed $1.03M net; oil $73.01/bbl, gas $5.79/Mcf for May production.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PERMIAN BASIN ROYALTY TRUST reported May 2023 results: net income $1,013,732, EPS $0.021749 per unit.

Period: May 2023
Net income: $1,013,732
EPS: $0.021749 per unit
Result: reported results

Exact text from the filing

General and Administrative Expenses deducted for the month were $25,445 resulting in a distribution of $1,013,732 to 46,608,796 units outstanding, or $0.021749 per unit.

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Source: SEC EDGAR

accession 0001193125-23-191309

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