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Permian Basin Royalty Trust (NYSE: PBT) provides investors with income through mineral interests in Texas oil fields. This page aggregates official news and regulatory filings about royalty distributions, operational updates, and legal proceedings.
Access timely reports on production volumes, audit results, and trust administration. Key updates include quarterly royalty payments, litigation developments like the Blackbeard Operating case, and annual reserve evaluations. All content is sourced from SEC filings and verified corporate communications.
Bookmark this page for structured access to:
Earnings Reports: Detailed breakdowns of net royalty income
Legal Filings: Updates on royalty payment disputes
Operational Notices: Production changes across Waddell Ranch and other properties
Refresh regularly for the trust's latest financial disclosures and material events affecting unit holders.
Permian Basin Royalty Trust (NYSE: PBT) declared a cash distribution of $0.019233 per unit, payable December 12, 2025, to holders of record November 28, 2025. The Trust will pay a total distribution of $896,437 to 46,608,796 units outstanding. The distribution excludes proceeds from the Waddell Ranch properties because Production Costs exceeded Gross Proceeds for September, creating a continuing excess cost position that must be recovered before any Waddell proceeds are distributed.
The October net profit from the Texas Royalty Properties was $973,969, contributing $925,270 to this distribution; lower gas volumes and lower oil and gas prices reduced the month-over-month distribution. The Trustee notes Blackbeard will provide Waddell data quarterly and a Special Meeting called by SoftVest is scheduled for December 16, 2025 (record date November 11, 2025).
Permian Basin Royalty Trust (NYSE: PBT) declared a cash distribution of $0.020021 per unit, payable November 17, 2025, to holders of record October 31, 2025.
The distribution excludes proceeds from the Waddell Ranch properties because Production Costs exceeded Gross Proceeds for August, creating a continuing excess cost position recoverable only from future Waddell proceeds. Texas Royalty Properties generated $1,164,303 revenues and a $972,969 net contribution to this distribution after allocations.
The Trustee intends to call a Special Meeting for December 16, 2025 (record date November 11, 2025) at the request of SoftVest, which owns >15% of units, regarding proposed indenture amendments.
Permian Basin Royalty Trust (NYSE: PBT) has declared a cash distribution of $0.115493 per unit, payable on October 15, 2025. The distribution includes the first $4.5 million installment of a $9 million lawsuit settlement with Blackbeard Operating LLC but excludes proceeds from Waddell Ranch properties due to excess costs.
The Texas Royalty Properties reported production of 13,944 barrels of oil at $65.76 per barrel and 10,800 Mcf of gas at $6.65 per Mcf, contributing $934,159 to the distribution. The settlement agreement with Blackbeard establishes new overhead rates and reporting requirements, with remaining payments of $4.5 million to be paid in quarterly installments during 2026.
Permian Basin Royalty Trust (NYSE: PBT) has reached a settlement agreement with Blackbeard Operating, LLC regarding litigation over royalty payment calculations at the Waddell Ranch properties. Under the settlement, Blackbeard will pay the Trust a total of $9 million, with $4.5 million due within 30 days and the remaining amount to be paid in four quarterly installments of $1.125 million during 2026.
The agreement also establishes new terms for overhead rates, third-party charges, and technical labor costs against the Trust's 75% net overriding royalty. Additionally, it provides guidelines for future royalty payment calculations and grants the Trust the option to conduct annual site audits.
Permian Basin Royalty Trust (NYSE: PBT) has declared an August cash distribution of $0.016418 per unit, payable on September 15, 2025. The distribution reflects only proceeds from Texas Royalty Properties, as Waddell Ranch properties continue to operate at an excess cost position. The Texas Royalty Properties produced 14,645 barrels of oil at $62.02 per bbl and 8,742 Mcf of gas at $7.53 per Mcf.
Notably, Blackbeard Operating has refused to provide monthly NPI information for Waddell Ranch properties. The Trust is currently engaged in litigation against Blackbeard, seeking to recover over $9 million in damages related to improper royalty calculations from April 2020 through December 2023. The trial is scheduled for November 17, 2025.
[ "Texas Royalty Properties showed increased oil volumes compared to previous month", "Net Profit of $971,212 generated from Texas Royalty Properties", "Legal action progressing with trial date set for recovery of $9+ million in alleged damages" ]Permian Basin Royalty Trust (NYSE: PBT) has declared a cash distribution of $0.015311 per unit, payable on August 14, 2025, to unitholders of record on July 31, 2025. The distribution shows an increase from the previous month, driven by higher natural gas volumes and improved oil and gas pricing from the Texas Royalty Properties.
The Trust reported that Blackbeard Operating, the Waddell Ranch properties operator, has refused to provide monthly NPI information. The Trust is currently engaged in litigation against Blackbeard, seeking to recover over $9 million in damages related to improper royalty calculations from April 2020 through December 2023. The trial is scheduled for November 17, 2025.
The Texas Royalty Properties produced 12,190 barrels of oil and 10,109 Mcf of gas, with average prices of $68.37 per bbl for oil and $11.75 per Mcf for gas, contributing $901,654 to this month's distribution.
Permian Basin Royalty Trust (NYSE: PBT) has filed a Second Amended Petition against Blackbeard Operating in the District Court of Tarrant County, Texas. The Trust is seeking to recover over $9 million in damages due to alleged improper calculation and payment of royalties from April 2020 through December 2023. The Trust claims Blackbeard incorrectly calculated overhead costs, labor expenses, and saltwater disposal fees, failed to pay on all production volumes, and didn't provide required annual reports. The Trust holds a 75% net overriding royalty in the Waddell Ranch properties.
The trial is scheduled for November 17, 2025. Discovery is ongoing, including on-site audits, expert witness analyses, and document review. A joint venture audit of 2024 production months is in progress, with the Trust reserving rights to bring additional claims based on audit findings.
Permian Basin Royalty Trust (NYSE: PBT) has announced an April cash distribution of $0.019615 per unit, payable on May 14, 2025. The distribution reflects only proceeds from Texas Royalty Properties, as Waddell Ranch properties continue to show an excess cost position. Texas Royalty Properties reported production of 15,292 barrels of oil at $71.97/bbl and 8,991 Mcf of gas at $11.54/Mcf, resulting in a net contribution of $1,143,639.
Notably, Blackbeard Operating has refused to provide monthly NPI proceeds information for Waddell Ranch properties. The Trust is currently engaged in litigation against Blackbeard, seeking over $25 million in damages related to disputed overhead charges and other expenses. The trial is scheduled for November 17, 2025.
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