Permian Basin Royalty Trust declares $0.024535/unit monthly distribution; Texas Royalties drive increase

PERMIAN BASIN ROYALTY TRUST

Declares $0.024535/unit distribution, payable Sep 15, 2023 to holders of record Aug 31, 2023.
Texas Royalties contributed $1,208,703 on 19,131 bbl oil ($69.48/bbl) and 23,417 Mcf gas ($3.53/Mcf).
Waddell Ranch did not contribute; cumulative deficit of $(1,762,025) as of June 2023.
Waddell Ranch CAPEX $10.1M for June; 2023 budget $96.8M net to trust, 42% incurred.
Management warns Waddell Ranch may not contribute to future distributions if current pricing continues.

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