PERMIAN BASIN ROYALTY TRUST ANNOUNCES OCTOBER CASH DISTRIBUTION AND EXCESS COST POSITION ON WADDELL RANCH PROPERTIES
Key Highlights
- ➤PBT declares $0.045191 per-unit distribution, payable November 16, 2026
- ➤Waddell Ranch remains in excess-cost position, excluding its proceeds from October distribution
- ➤Texas Royalty Properties contribute $1,094,925 to October distribution
- ➤SoftVest and affiliates propose combining Trust assets into publicly traded New PBT
- ➤Trust distribution totals $2,106,330.04 across 46,608,796 units
Expert Statements
Nancy Willis, Director of Royalty Trust Services, Argent Trust Company, Trustee
“The worldwide market conditions continue to affect the pricing for domestic production.”
Nancy Willis, Director of Royalty Trust Services, Argent Trust Company, Trustee
“It is difficult to predict what effect these conditions will have on future distributions.”
PERMIAN BASIN ROYALTY TRUST ANNOUNCES OCTOBER CASH DISTRIBUTION AND EXCESS COST POSITION ON WADDELL RANCH PROPERTIES PR Newswire
DALLAS, Oct. 20, 2026 /PRNewswire/ -- Argent Trust Company, as Trustee of the Permian Basin Royalty Trust (NYSE: PBT) ("Permian" or the "Trust") today declared a cash distribution to the holders of its units of beneficial interest of $0.045191 per unit, payable on November 16, 2026, to unit holders of record on October 30, 2026. The distribution does not include proceeds from the Waddell Ranch properties, as total production costs ("Production Costs") exceeded gross proceeds ("Gross Proceeds") for the month of September, resulting in a continuing excess cost position for the Waddell Ranch properties. More information regarding the Waddell Ranch properties is described below.
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