Permian Basin Trust declares $0.024673/unit; SoftVest proposes business combination with Blackbeard Holdings

PERMIAN BASIN ROYALTY TRUST

Cash distribution of $0.024673/unit payable July 15, 2026 to holders of record June 30, 2026; no proceeds from Waddell Ranch due to excess costs.
Texas Royalty Properties contributed $1,285,932 to distribution; oil volumes 14,577 bbls at $88.42/bbl, gas 6,972 Mcf at $9.50/Mcf.
SoftVest and Blackbeard Holdings have preliminary non-binding term sheet for business combination forming New PubCo; Trustee not involved.
Proposed deal would require approval of majority of Trust unitholders; Trustee anticipates unitholder meeting.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.