Permian Basin Royalty Trust declares $0.022414/unit Sept distribution; Waddell Ranch fails to contribute

PERMIAN BASIN ROYALTY TRUST

Distribution of $0.022414/unit payable Oct 16, 2023 to record holders Sep 29, 2023.
Waddell Ranch properties did not contribute; high CAPEX ($12.8M gross) offset net profit.
Texas Royalties contributed $1,077,970; oil at $72.23/bbl, gas at $3.88/Mcf.
Cumulative deficit for Waddell Ranch widened to $(213,227).
Trust warns future Waddell Ranch contributions uncertain if pricing and CAPEX trends continue.

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