Permian Basin Royalty Trust declares $0.020355/unit distribution; Waddell Ranch in excess cost; court modifies indenture

PERMIAN BASIN ROYALTY TRUST

Cash distribution $0.020355/unit payable June 12, 2026 to holders of record May 29, 2026.
Waddell Ranch properties in excess cost position; no proceeds included for second consecutive month.
Texas Royalty Properties contributed $998,283; oil at $73.83/bbl, gas $9.23/Mcf.
Court approved SoftVest petition lowering amendment threshold from 75% to majority; eliminates prohibited amendment section.
Distribution decreased due to third settlement payment from Blackbeard ($1.125M) included in prior month.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

PERMIAN BASIN ROYALTY TRUST reported results: EPS $0.020355 per unit.

EPS: $0.020355 per unit
Result: reported results

Exact text from the filing

today declared a cash distribution to the holders of its units of beneficial interest of $0.020355 per unit, payable on June 12, 2026, to unit holders of record on May 29, 2026.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.98

PERMIAN BASIN ROYALTY TRUST reported the month of April results: revenue $1,187,796, net income $1,050,825.

Period: the month of April
Revenue: $1,187,796
Net income: $1,050,825
Result: reported results

Exact text from the filing

This production and pricing for the underlying properties resulted in revenues for the Texas Royalty Properties of $1,187,796. Deducted from these revenues were taxes and expenses of $136,971 resulting in a Net Profit of $1,050,825 for April.

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PERMIAN BASIN ROYALTY TRUST filing history →

Source: SEC EDGAR

accession 0001193125-26-228381

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