Permian Basin SEC Filings

Permian Basin Royalty Trust (PBT) reported sharply lower royalty receipts and distributions for the periods ended June 30, 2025 due largely to a deficit on the Waddell Ranch properties and delayed operator reporting. Total assets were $1,867,939 with cash and short-term investments of $1,704,817 and net overriding royalty interests of $163,122. The Trust had a distribution payable of $604,817 and 46,608,796 units outstanding.

Royalty income for the three months ended June 30, 2025 was $3,089,889 versus $8,803,389 a year earlier, producing distributable income of $2,397,255 ($0.05 per unit) compared with $8,436,688 ($0.18 per unit) in Q2 2024. For six months, distributable income was $4,993,467 ($0.11 per unit) versus $13,928,894 ($0.30). The Waddell Ranch properties remain in deficit and the Trust reports total remaining to be recovered of $37,057,982 gross ($27,793,486 net to the Trust) as of June 30, 2025. The Trustee has ongoing litigation against Blackbeard seeking more than $9 million; trial is scheduled for November 17, 2025. The Trustee declared a distribution of $0.015311 per unit on July 21, 2025 payable August 14, 2025.

Permian Basin Royalty Trust (NYSE: PBT) filed a Form 8-K dated July 21 2025 to report that it has issued a press release announcing its regular monthly cash distribution. The distribution will be paid to unitholders of record on July 31 2025. No dollar amount, ex-distribution date, or payment date is disclosed in the filing; those details are expected to be contained in Exhibit 99.1, which is referenced but not included in the text provided. The information was furnished under Item 2.02 (Results of Operations and Financial Condition) and is therefore not deemed “filed” for liability purposes.

SoftVest Advisors, LLC, SoftVest GP I, LLC, SoftVest, LP and Eric L. Oliver jointly filed Amendment No. 4 to Schedule 13G for Permian Basin Royalty Trust (PBT), dated 30 June 2025.

The filing discloses beneficial ownership of 6,206,624 Units of Beneficial Interest, representing 13.3 % of PBT’s 46,608,796 outstanding units (per the issuer’s 14 May 2025 report). All voting and dispositive power is shared among the reporting persons; none is held solely.

• The securities are held by SoftVest, LP; SoftVest Advisors acts as investment adviser, SoftVest GP I is general partner, and Eric L. Oliver manages the entities.
• The Schedule is filed under Rule 13d-1(b)/(c)/(d), signalling a passive investment; the group certifies no intent to influence control.
• This stake positions SoftVest as a major unitholder, comfortably above the 5 % reporting threshold and likely among the trust’s largest holders.

Investor takeaway: the amendment confirms continued, sizeable institutional ownership, which may support trading liquidity and convey confidence in PBT’s royalty income stream. However, a single holder controlling over 13 % introduces concentration risk should the firm change its stance or liquidate.