Permian Basin Royalty Trust Announces March Distribution of $0.010662 per Unit and SoftVest Petition to Modify Indenture

PERMIAN BASIN ROYALTY TRUST

Distribution of $0.010662 per unit payable April 14, 2026 to unitholders of record March 31, 2026.
No proceeds from Waddell Ranch properties due to excess costs; total production costs exceeded gross proceeds for February.
Texas Royalty Properties produced 15,009 bbls oil and 9,793 Mcf gas; average oil price $56.56/bbl and gas $6.02/Mcf.
SoftVest filed a petition to amend the trust indenture, seeking to lower amendment approval threshold from 75% to majority; hearing set for May 8, 2026.
Distribution decreased from prior month due to lower oil volumes and pricing, partially offset by higher natural gas pricing.

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