Permian Basin Royalty Trust declares $0.115493/unit distribution, includes $4.5M from Blackbeard settlement

PERMIAN BASIN ROYALTY TRUST

Distribution of $0.115493/unit ($5.38M total) payable Oct 15, 2025 to holders of record Sept 30.
Includes first installment of $4.5M from $9M settlement with Blackbeard Operating LLC; remainder due quarterly in 2026.
No proceeds from Waddell Ranch properties in August; excess cost position continues until recovered.
Texas Royalty Properties contributed $934,159 net profit from 13,944 bbl oil at $65.76/bbl and 10,800 Mcf gas at $6.65/Mcf.
2024 Annual Report (10-K) filed; Blackbeard to provide quarterly reporting under settlement terms.

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