PERMIAN BASIN ROYALTY TRUST Q3 FY26 Results

Summary

Permian Basin Royalty Trust announced its October 2026 cash distribution of $0.045191 per unit. The distribution saw an increase from the prior month, driven by a final settlement payment from Blackbeard Operating and improved natural gas volumes and pricing for the Texas Royalty Properties, though this was partially offset by lower oil prices. The Waddell Ranch properties continue to be in an excess cost position, resulting in no proceeds being distributed from them for October.

Key Highlights

1. 1

   The Permian Basin Royalty Trust declared a cash distribution of $0.045191 per unit for October 2026.

2. 2

   This month's distribution increased compared to the previous month due primarily to a final settlement payment received from Blackbeard Operating.

3. 3

   Higher natural gas volumes and pricing for the Texas Royalty Properties also contributed to the distribution increase, partially offset by lower oil pricing.

4. 4

   The Waddell Ranch properties are in a continuing excess cost position, with total production costs exceeding gross proceeds for September, meaning no proceeds were included in the October distribution from these properties.

5. 5

   Revenues for the Texas Royalty Properties were $1,295,650, with a Net Profit of $1,152,553, resulting in a net contribution of $1,094,925 to this month's distribution.

6. 6

   General and Administrative Expenses deducted for the month, net of interest earned, were $113,595.