Welcome to our dedicated page for Permian Basin Royalty Trust news (Ticker: $PBT), a resource for investors and traders seeking the latest updates and insights on Permian Basin Royalty Trust stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Permian Basin Royalty Trust's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Permian Basin Royalty Trust's position in the market.
Rhea-AI Summary
Permian Basin Royalty Trust (NYSE: PBT) announced a cash distribution of $0.088214 per unit, payable on May 14, 2024, to unit holders of record on April 30, 2024. The distribution increased due to a decrease in capital costs and higher oil prices. Oil production for Waddell Ranch Properties saw an increase in volume with an average price of $75.09 per bbl. Gas production also increased but with a lower average price. Texas Royalty Properties experienced higher oil and gas volumes with increased oil prices. The Trust's Net Profit Interest contributed positively to the distribution. The Trust addressed ongoing market conditions affecting pricing and provided tax information for unit holders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.92%
Tags
-
Rhea-AI Summary
Argent Trust Company, as Trustee of Permian Basin Royalty Trust (PBT), corrected errors in its cash distribution announcement, reducing the distribution to $0.041340 per unit due to lower gas production and higher costs. The correction also includes accurate gas volume reporting and pricing adjustments for both oil and gas.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.84%
Tags
-
Rhea-AI Summary
Permian Basin Royalty Trust (PBT) declares a cash distribution of $0.041340 per unit for April 12, 2024, due to increased oil production, higher oil and gas pricing, and reduced capital costs. The Trust's revenue rose slightly from the previous month, with positive net profit interests from Waddell Ranch and Texas Royalty Properties contributing to the distribution.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.3%
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Rhea-AI Summary
Permian Basin Royalty Trust (PBT) announced a cash distribution of $0.045460 per unit, reflecting an increase due to higher production and oil/gas prices. The Trust reported positive revenue from the Waddell Ranch Properties, with net profit interest of $1,591,057 for December. However, there are concerns about sustaining distributions if oil and gas prices decline.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.02%
Tags
-
Rhea-AI Summary
Argent Trust Company, as Trustee of the Permian Basin Royalty Trust (NYSE: PBT), declared a cash distribution of $0.031031 per unit, payable on February 14, 2024. The distribution decreased from the previous month due to a slight decrease in production and decreases in pricing of oil and gas. Net revenue for the underlying properties of the Waddell Ranch was $17,899,375 for November, with a positive Net Profit Interest (NPI) of $411,277. However, if current oil and gas pricing continues or declines, the Waddell Ranch Properties may or may not be able to continue to contribute to the distribution in the foreseeable future, after covering the ongoing CAPEX budget.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.92%
Tags
-
Rhea-AI Summary
Argent Trust Company, as Trustee of the Permian Basin Royalty Trust (PBT), declared a cash distribution of $0.106232 per unit, payable on January 16, 2023, to unit holders of record on December 29, 2023. The distribution decreased due to increased production costs on the Waddell Ranch Properties, offset by higher oil and gas volumes. Waddell Ranch Properties NPI contributed to this month's distribution.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.33%
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Rhea-AI Summary
Permian Basin Royalty Trust (NYSE: PBT) declared a cash distribution of $0.157171 per unit, payable on December 14, 2023, to unit holders of record on November 30, 2023. The increase in distribution was due to higher oil and gas pricing and a decrease in CAPEX, with the NPI distribution from Blackbeard Operating on the Waddell Ranch Properties for September contributing positively. Oil volumes were 241,017 (gross) and priced at approximately $88.56 per bbl, while gas volumes were 804,845 Mcf (gross) and priced at approximately $3.86 per Mcf. Net revenue for the Waddell ranch properties was $21,256,517 for September, with Lease Operating Expenses at $4,736,356 and CAPEX at $8,405,877. The trust's proceeds of 75% contributed $6,085,713 (net) to this month's distribution. The Waddell Ranch Properties NPI contributed to this month's distribution.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.85%
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-
Rhea-AI Summary
Permian Basin Royalty Trust declares cash distribution for November
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.29%
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-
Rhea-AI Summary
Permian Basin Royalty Trust declares cash distribution of $0.022414 per unit, slightly decreased due to lower production but increased pricing of oil and gas. Waddell Ranch Properties did not contribute to distribution. Texas Royalty Properties contributed $1,077,970 to distribution.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.11%
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Rhea-AI Summary
Permian Basin Royalty Trust declares cash distribution of $0.024535 per unit, slightly higher than previous month. Waddell Ranch properties did not contribute to distribution due to budget constraints. Texas Royalty Properties contributed $1,208,703 to distribution. Market conditions may affect future distributions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.36%
Tags
Permian Basin Royalty Trust
NYSE:PBT
PBT Rankings
PBT Stock Data
567.23M
37.80M
10%
29.1%
0.39%
Miscellaneous Intermediation
Finance and Insurance
United States of America
DALLAS