Permian Basin Trust declares $0.019233/unit distribution, no Waddell proceeds; special meeting on Dec 16

PERMIAN BASIN ROYALTY TRUST

Cash distribution of $0.019233/unit payable Dec 12, 2025 to holders of record Nov 28, 2025.
No Waddell Ranch proceeds included; excess cost position continues as production costs exceeded gross proceeds.
Texas Royalty Properties contributed $925,270; oil avg $63.38/bbl, gas avg $7.10/Mcf (incl. NGL).
Special Meeting called by SoftVest set for Dec 16, 2025 to vote on indenture amendment proposal.
Distribution decreased due to lower gas volumes and lower oil/gas prices, partially offset by higher oil volumes.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.