Permian Basin Royalty Trust declares April distribution of $0.038014/unit; SoftVest lawsuit hearing set May 8

PERMIAN BASIN ROYALTY TRUST

Monthly distribution of $0.038014 per unit, payable May 14, 2026 to unitholders of record April 30, 2026.
Distribution increased from prior month due to $1.125M Blackbeard settlement payment and higher Texas Royalty volumes/pricing.
Waddell Ranch properties remain in excess cost position; no proceeds included in April distribution.
SoftVest litigation seeks to amend trust indenture; bench trial hearing set for May 8, 2026 in Tarrant County District Court.
Texas Royalty net production: 12,437 bbl oil and 9,220 Mcf gas; average oil price $59.33/bbl, gas $6.31/Mcf.

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