Permian Basin Royalty Trust declares $0.018701/unit August distribution; Waddell Ranch excess costs continue

PERMIAN BASIN ROYALTY TRUST

August distribution of $0.018701/unit payable Sept 15, 2026 to holders of record Aug 31, 2026; total $871,663.17.
No Waddell Ranch proceeds included; production costs exceeded gross proceeds for July, continuing excess cost position.
Texas Royalty Properties contributed $1,325,455 net to Trust; oil 14,405 bbls at $93.10/bbl, gas 5,581 Mcf at $9.55/Mcf.
July distribution included $1,125,000 settlement payment from Blackbeard Operating LLC; current month lower due to that and lower gas volumes/pricing.
SoftVest and Blackbeard Holdings propose business combination into New PBT; S-4 and S-1 filed; special meeting to be called.

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