Permian Basin Royalty Trust reports royalty-trust developments tied to oil and natural gas interests in Texas. News about PBT centers on monthly cash distributions to holders of units of beneficial interest, the production volumes and commodity prices that affect those distributions, and expense deductions at the trust level.
Recurring updates also cover the Waddell Ranch properties, including net profits interest calculations, excess cost positions, and information supplied by the property operator. Governance-related announcements include unitholder communications and completed modifications to the trust indenture that affect amendment voting provisions and security-holder rights.
Permian Basin Royalty Trust (NYSE:PBT) declared a May 2026 cash distribution of $0.020355 per unit, payable June 12, 2026, to holders of record on May 29, 2026.
No proceeds were received from the Waddell Ranch properties due to excess costs, while Texas Royalty Properties generated net profits of $1,050,825. After $49,516 of general and administrative expenses, total distributed cash was $948,767 across 46,608,796 units. A May 8, 2026 court ruling approved SoftVest’s requested amendments, lowering unitholder voting thresholds for Indenture changes.
Permian Basin Royalty Trust (NYSE: PBT) announced a May 8, 2026 court ruling approving SoftVest's petition to modify the Trust indenture.
The 96th District Court of Tarrant County approved amendments that remove the 75% approval requirement in Section 8.03 and delete Section 10.01, replacing Article X with a provision permitting amendments by a majority-in-interest vote at a properly constituted unitholder meeting.
Permian Basin Royalty Trust (NYSE: PBT) announced a change in the hearing time for a court matter: the May 8, 2026 bench hearing has been rescheduled from 10:30 a.m. CT to 9:30 a.m. CT before the 96th District Court of Tarrant County in Fort Worth, Texas.
SoftVest, a unitholder, mailed a Petition and related documents on or about February 10, 2026, seeking judicial modification of the Trust indenture to remove a 75% amendment approval threshold and to replace Article X to permit amendments by a majority in interest of unitholders at a quorum meeting.
Permian Basin Royalty Trust (NYSE: PBT) declared a cash distribution of $0.038014 per unit, payable May 14, 2026, to holders of record April 30, 2026.
The April distribution totaled $1,771,797 funded in part by a $1,125,000 settlement payment from Blackbeard and a $749,597 contribution from Texas royalty net profits; Waddell Ranch remains in an excess cost position.
Permian Basin Royalty Trust (NYSE: PBT) declared a $0.010662 per unit cash distribution payable April 14, 2026, to holders of record March 31, 2026. Total distribution equals $496,950 to 46,608,796 units.
The distribution excludes proceeds from Waddell Ranch due to a continuing excess cost position; Texas Royalty Properties contributed $744,660 of net proceeds for February.
Permian Basin Royalty Trust (NYSE: PBT) declared a cash distribution of $0.014221 per unit, payable March 13, 2026, to unitholders of record on February 27, 2026. The February distribution excludes proceeds from the Waddell Ranch properties due to an excess cost position for January.
Texas Royalty Properties contributed $766,506 to the distribution; general and administrative expenses were $103,644. SoftVest mailed a petition seeking judicial modification of the Trust indenture with a hearing set for May 8, 2026.
Permian Basin Royalty Trust (NYSE: PBT) declared a cash distribution of $0.040056 per unit, payable Feb 13, 2026, to holders of record on Jan 30, 2026. The distribution excludes proceeds from the Waddell Ranch properties because Production Costs exceeded Gross Proceeds for December, creating a continuing excess cost position recoverable only from future Waddell proceeds. Texas Royalty Properties generated $1,095,523 revenue and contributed $914,915 to the distribution after NPI and expenses. General and administrative expenses were $172,927. SoftVest filed a petition seeking modification of the Trust indenture; a preliminary hearing is set for Jan 28, 2026.
Permian Basin Royalty Trust (NYSE: PBT) declared a cash distribution of $0.013198 per unit, payable Jan 15, 2026, to holders of record Dec 31, 2025. The December distribution excludes Waddell Ranch proceeds because November Production Costs exceeded Gross Proceeds, creating an excess cost position.
Texas Royalty Properties contributed $754,012 from net profits; Trust paid $615,176 after G&A of $138,836 to 46,608,796 units. At a Dec 16, 2025 special meeting, ~59.9% of outstanding units favored SoftVest's nonbinding amendment proposal.
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.