Permian Basin Royalty Trust declares $0.106232/unit distribution, down on higher costs

PERMIAN BASIN ROYALTY TRUST

Distribution of $0.106232/unit payable Jan 16, 2024 to holders of record Dec 29, 2023; decreased from prior month.
Waddell Ranch Oct production: oil 268,044 bbls at $84.60/bbl, gas 886,479 Mcf at $1.41/Mcf; NPI contributed $3.68M net.
Texas Royalties Oct production: oil 14,833 bbls at $86.51/bbl, gas 18,418 Mcf at $4.25/Mcf; contributed $1.296M.
Distribution declined due to ad valorem tax true-up on Waddell Ranch; higher volumes partially offset.
Trust warns that if current pricing continues, Waddell Ranch may not sustain future distributions given CAPEX budget.

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