Permian Basin Royalty Trust declares Feb distribution $0.014221/unit; Waddell excess cost; SoftVest suit

PERMIAN BASIN ROYALTY TRUST

Distribution of $0.014221/unit payable March 13, 2026 to holders of record Feb 27, 2026.
Distribution decreased MoM due to prior Blackbeard settlement payment, lower oil volumes and prices, partially offset by higher gas volumes.
Waddell Ranch properties remain in excess cost position; no proceeds included in Feb distribution.
SoftVest, L.P. filed suit to amend trust indenture, lowering amendment threshold from 75% to majority; hearing set May 8, 2026.

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