Permian Basin Stock Price, News & Analysis

On February 17, 2023, Permian Basin Royalty Trust (NYSE: PBT) declared a cash distribution of $0.041356 per unit, payable on March 14, 2023, to unit holders of record on February 28, 2023. This distribution marks an increase due to higher production at the Waddell Ranch, despite falling oil prices and rising gas prices. For December 2022, oil production was 204,289 bbl priced at $74.58, while gas production reached 788,523 Mcf priced at $3.67. The total gross revenue from Waddell Ranch for December was $17,412,861, contributing significantly to the distribution. The revised 2023 CAPEX budget is estimated at $122 million.

On January 20, 2023, Argent Trust Company, trustee of the Permian Basin Royalty Trust (NYSE: PBT), announced a cash distribution of $0.036797 per unit, payable on February 14, 2023, for unit holders of record as of January 31, 2023. This distribution represents a decrease from the previous month, primarily due to lower oil and gas prices at Waddell Ranch and reduced capital expenditures (CAPEX). November oil production was 198,021 barrels at an average price of $83.04 per barrel, while gas production was 729,987 Mcf priced at $2.83 per Mcf. The net revenue for November was $17,558,006. Future distributions may be affected by ongoing market conditions.

Simmons Bank, as Trustee of the Permian Basin Royalty Trust (NYSE: PBT), announced a cash distribution of $0.037639 per unit, payable on January 17, 2023. This reflects a decrease due to lower gas prices and increased CAPEX at Waddell Ranch in October. Production data reveals oil volumes at 213,936 bbl with an average price of $85.44 per bbl, while gas volumes were 728,401 Mcf at $3.90 per Mcf. The total net revenue for Waddell Ranch was $19,994,621.

Simmons Bank, Trustee of Permian Basin Royalty Trust (PBT), announced a cash distribution of $0.080997 per unit, payable on December 14, 2022. This reflects a decrease from the previous month, attributed to reduced oil and gas production and prices at the Waddell Ranch and Texas Royalty Properties for September. Gross revenues for the Waddell Ranch were $20,428,441, with net profits contributing $2,384,301 to the distribution. The Texas Royalties reported net profits of $1,415,087. Increased CAPEX and global market conditions pose uncertainties for future distributions.

Simmons Bank, as Trustee of Permian Basin Royalty Trust (PBT), declared a cash distribution of $0.208587 per unit, payable on November 15, 2022. This marks a decrease due to rising production costs and lower oil prices in August. The Waddell Ranch reported oil production of 196,937 bbl at an average price of $95.03, contributing $7,876,671 to the distribution. Texas Royalty Properties had revenues of $2,203,896, contributing $1,929,463. The uncertain global market conditions continue to affect pricing and future distributions.

Permian Basin Royalty Trust (NYSE: PBT) has announced a cash distribution of $0.223645 per unit for September 2022, payable on October 17, 2022. This distribution reflects a rise from the previous month, driven by lower production costs at the Waddell Ranch and higher oil and gas prices. For July, oil production stood at 185,388 bbl and gas production at 692,203 Mcf, generating a gross revenue of $23,509,160. The Trust's net profit interest for July was $8,563,250, aiding in this month's distribution.

Simmons Bank, as Trustee of the Permian Basin Royalty Trust (NYSE: PBT), announced a cash distribution of $0.195923 per unit, payable on September 15, 2022. This increase from the previous month is due to rising prices for oil and gas from Waddell Ranch, despite lower prices from Texas Royalty Properties. June's net revenue from Waddell Ranch was $26.5 million, with a net contribution of $7.2 million to the distribution. However, future distributions remain uncertain due to global market conditions impacting production pricing.

Permian Basin Royalty Trust announced a cash distribution of $0.163979 per unit for July 2022, payable on August 12, 2022. This increase from the previous month is attributed mainly to improved production and pricing from the Waddell Ranch and Texas Royalty Properties. In May, Waddell Ranch produced 184,994 barrels of oil and 600,972 Mcf of gas, generating net revenue of $24,757,499. Meanwhile, Texas Royalties contributed $1,924,213 to this month's distribution. The annual budget for Waddell Ranch is projected at $92 million for new drill wells and recompletions.

On June 17, 2022, Permian Basin Royalty Trust (NYSE: PBT) announced a cash distribution of $0.091662 per unit, payable on July 15, 2022, to unit holders recorded by June 30, 2022. This distribution increased due to higher pricing from both Texas Royalty Properties and Waddell Ranch properties. April's production reported 181,207 barrels of oil and 475,410 Mcf of gas, generating net revenues of $20.32 million from Waddell Ranch and $1.69 million from Texas Royalties. The Trust's estimated remaining life span is 8 to 10 years with net proved reserves valued at approximately $465 million.