Permian Basin Royalty Trust declares $0.040056/unit distribution; Waddell Ranch in excess cost; SoftVest petition filed

PERMIAN BASIN ROYALTY TRUST

January distribution of $0.040056/unit payable Feb 13, 2026 to holders of record Jan 30, 2026.
No proceeds from Waddell Ranch properties for December; excess costs must be recovered before future distributions.
Texas Royalty Properties: 15,285 bbl oil ($59.18/bbl) and 7,401 Mcf gas ($8.49/Mcf) net to Trust for December.
SoftVest petition filed Dec 26, 2025 seeks to amend Trust indenture; preliminary hearing set Jan 28, 2026.
Distribution increased from prior month due to Blackbeard settlement payment and higher Texas Royalty oil volumes/gas prices.

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