Permian Basin Royalty Trust declares $0.043566/unit distribution; Waddell Ranch in excess cost

PERMIAN BASIN ROYALTY TRUST

Cash distribution of $0.043566 per unit declared, payable Aug 14, 2026 to holders of record July 31, 2026.
Distribution increased vs prior month due to $1.125M settlement from Blackbeard Operating and higher oil pricing.
Waddell Ranch properties remain in excess cost position; no proceeds included in distribution.
Texas Royalty Properties contributed $1,375,871 net profit from 13,842 bbl oil and 5,923 Mcf gas at avg $99.90/bbl and $8.61/Mcf.
SoftVest and Blackbeard Holdings have preliminary non-binding term sheet for business combination; unitholder approval likely required.

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