Exhibit 99.1 Permian Basin Royalty Trust PERMIAN BASIN ROYALTY TRUST ANNOUNCES APRIL CASH DISTRIBUTION AND EXCESS COST POSITION ON WADDELL RANCH PROPERTIES DALLAS, Texas, April 17, 2025 – Argent Trust Company, as Trustee of the Permian Basin Royalty Trust (NYSE: PBT) ("Permian" or the "Trust") today declared a cash distribution to the holders of its units of beneficial interest of $0.019615 per unit, payable on May 14, 2025, to unit holders of record on April 30, 2025. The distribution does not include proc ...

Exhibit 99.1 Permian Basin Royalty Trust PERMIAN BASIN ROYALTY TRUSTANNOUNCES DECEMBER CASH DISTRIBUTION AND EXCESS COST POSITION ON WADDELL RANCH PROPERTIES DALLAS, Texas, January 21, 2025 – Argent Trust Company, as Trustee of the Permian Basin Royalty Trust (NYSE: PBT) ("Permian" or the "Trust") today declared a cash distribution to the holders of its units of beneficial interest of $0.020510 per unit, payable on February 14, 2025, to unit holders of record on January 31, 2025. The distribution does not i ...

Core Points - Argent Trust Company declared a cash distribution of $0.018047 per unit for the Permian Basin Royalty Trust, payable on April 14, 2025, to unit holders of record on March 31, 2025 [1] - The distribution increased slightly from the previous month due to higher oil and natural gas volumes from Texas Royalty Properties, despite lower natural gas pricing [2] - The Waddell Ranch properties did not contribute to the distribution as production costs exceeded gross proceeds for February 2025 [1][4] Texas Royalty Properties - Production from Texas Royalty Properties was 16,839 barrels of oil and 10,659 Mcf of gas, with the Trust's allocated portion being 14,957 barrels of oil and 9,462 Mcf of gas [5] - The average price for oil was $70.81 per barrel and for gas was $7.88 per Mcf, leading to revenues of $1,276,384 after deducting taxes and expenses of $137,983, resulting in a net profit of $1,138,401 for March [5][8] - The Trust's net profit interest of 95% from the Texas Royalty Properties contributed $1,081,481 to this month's distribution [5] Waddell Ranch Properties - Blackbeard, the operator of the Waddell Ranch properties, has not provided necessary information for calculating net profits interest proceeds for March 2025, affecting the distribution [3][4] - All excess costs from the Waddell Ranch properties must be recovered by future proceeds before any distribution can occur [4] - The Trustee will now receive production, pricing, and cost information quarterly instead of monthly, impacting future reporting [4][7] Legal Matters - The Trustee has initiated a lawsuit against Blackbeard Operating, seeking to recover over $15 million in damages due to alleged improper deductions from royalty payments [10][11] - The trial is scheduled for November 17, 2025, with ongoing discovery and audits related to the Waddell Ranch properties [10] - The Trustee's claims have been amended to seek damages exceeding $25 million, with attempts to resolve disputes outside of court having been unsuccessful [11]

Royalty Income and Expenditures - Total royalty income for the Trust in 2024 was $26,963,365, a decrease of 7.2% from $29,010,704 in 2023 and a significant drop of 50.5% from $54,417,857 in 2022[167] - Oil royalty income accounted for 90% of total royalty income in 2024, amounting to $24,267,029, while gas royalty income was $2,696,336, representing 10%[167] - Royalty Income for 2024 was $26,963,365, a decrease of 7.2% from $29,010,704 in 2023 and a significant drop from $54,417,857 in 2022[212] - Total Income for 2024 was $27,114,144, down 6.8% from $29,096,583 in 2023[212] - Distributable income for 2024 was $25,415,368, or $0.55 per Unit, down from $27,978,487, or $0.60 per Unit in 2023[178][179] - Distribution payable to unit holders fell to $1,022,585 in 2024 from $4,951,350 in 2023, a decrease of about 79%[210] - The royalty distributable income for the second quarter of 2024 was $8,436,688, representing a 46.2% increase from $5,761,142 in the second quarter of 2023[264] - The total royalty distributable income for the third quarter of 2024 was $8,053,284, a decrease of 0.6% from $3,202,030 in the third quarter of 2023[264] - The distribution per unit for the fourth quarter of 2024 was $0.073658, down from $0.306265 in the fourth quarter of 2023[264] - The Trust declared a distribution of $0.020510 per unit for January 2025, and $0.017144 per unit for February 2025[270] Production and Sales - Average daily oil sales for the underlying properties in 2024 were 7,981 Bbls, a slight decrease from 8,090 Bbls in 2023[167] - Average daily gas sales for the underlying properties in 2024 were 44,523 Mcf, an increase from 44,340 Mcf in 2023[167] - Total oil sales for Texas Royalty properties in Q4 2024 were 52,411 Bbls, while total gas sales were 21,526 Mcf[182] - Oil production for Texas Royalty properties increased in Q4 2024 compared to the same period in 2023, although specific production figures were not disclosed[183] Financial Performance - Cash and short-term investments decreased to $2,122,585 in 2024 from $6,051,350 in 2023, a reduction of approximately 65%[210] - General and Administrative Expenditures increased to $1,698,776 in 2024 from $1,118,096 in 2023, representing a rise of 52%[212] - The Trust's total expenditures for 2024 were $1,698,776, consistent with the General and Administrative Expenditures[212] - Professional fees increased significantly to $895,520 in 2024, up from $456,657 in 2023, indicating higher operational costs[269] Asset Valuation and Reserves - The Trust's total proved oil reserves increased from 11,553 thousand barrels on December 31, 2022, to 11,662 thousand barrels on December 31, 2023, representing a growth of 0.9%[260] - The Trust's total proved gas reserves rose from 25,737 thousand Mcf on December 31, 2022, to 28,763 thousand Mcf on December 31, 2023, indicating an increase of 11.8%[260] - The standardized measure of discounted future net cash inflows decreased from $508,549 thousand in 2023 to $371,366 thousand in 2024, a decline of 27.0%[262] - The future net cash inflows for 2024 are estimated at $643,652 thousand, down from $897,415 thousand in 2023, reflecting a decrease of 28.3%[262] - The Trust's total proved reserves as of December 31, 2024, are projected to be 12,237 BOE, reflecting a decrease from 16,456 BOE in 2023[260] Market Conditions - Average price of oil decreased to $75.88 per barrel in 2024 from $76.72 in 2023, and the average price of gas fell to $1.45 per Mcf from $2.40[167] - For Texas Royalty properties, the average price per barrel of oil decreased to $74.57 in Q4 2024 from $83.22 in Q4 2023, a decline of approximately 10%[183] - The average price of gas for Texas Royalty properties increased significantly to $10.79 per Mcf in Q4 2024 from $4.13 in Q4 2023, an increase of about 161%[183] Trust Operations - The Trust did not receive any royalty income from the Waddell Ranch properties for October and November of 2024 due to an NPI deficit[235] - For the year ended December 31, 2024, excess costs for the Waddell Ranch properties amounted to $13,500,104, with $10,125,078 net to the Trust[240] - Accrued interest related to excess costs at the end of 2024 was $123,252, with $92,439 net to the Trust[240] - The Trust's accumulated amortization as of December 31, 2024, was $10,810,809, compared to $10,753,742 in 2023[237] - There was no impairment of the assets as of December 31, 2024, indicating stable asset valuation despite market fluctuations[186] Tax Environment - The Trust expects to continue being exempt from Texas franchise tax as a passive entity, benefiting unit holders[266] - The Trust's revenue is sourced from Texas, which does not impose an individual income tax, providing a favorable tax environment for unit holders[266]

DALLAS, Feb. 18, 2025 /PRNewswire/ -- Argent Trust Company, as Trustee of the Permian Basin Royalty Trust (NYSE: PBT) ("Permian" or the "Trust") today declared a cash distribution to the holders of its units of beneficial interest of $0.017144 per unit, payable on March 14, 2025, to unit holders of record on February 28, 2025. The distribution does not include proceeds from the Waddell Ranch properties, as total production costs ("Production Costs") exceeded gross proceeds ("Gross Proceeds") for the month o ...

Cash Distribution - The cash distribution for October 2024 is declared at $0.029986 per unit, payable on November 15, 2024, to unit holders of record on October 31, 2024[1]. - The distribution decreased from the previous month due to lower proceeds from Waddell Ranch properties and decreased oil volumes and prices, partially offset by higher gas volumes and prices[1]. - General and Administrative Expenses for the month were $105,091, leading to a total distribution of $1,397,649 to 46,608,796 units outstanding[3]. Production and Revenue - Production from Texas Royalty Properties was 17,969 barrels of oil and 7,932 Mcf of gas, with the Trust's allocated portion being 16,103 barrels of oil and 7,106 Mcf of gas[2]. - Revenues for Texas Royalty Properties amounted to $1,466,585, with taxes and expenses of $166,627, resulting in a net profit of $1,299,958 for October[1]. - The Trust's Net Profit Interest (NPI) of 95% from Texas Royalty Properties contributed $1,234,959 to this month's distribution[1]. - The average price for oil was $77.19 per barrel and for gas was $10.02 per Mcf, reflecting production and pricing from July and June respectively[2]. Legal Matters - The Trustee has initiated a lawsuit against Blackbeard Operating, LLC, seeking to recover over $25 million in damages related to disputed overhead costs and other expenses[3]. - The preliminary trial date for the lawsuit is set for April 21, 2025[3]. Reporting - The 2023 Annual Report with Form 10-K is available on the company's website, including financial reports and tax information[3].

Core Points - The Permian Basin Royalty Trust declared a cash distribution of $0.021939 per unit, payable on January 15, 2025, to unit holders of record on December 31, 2024, but this distribution does not include proceeds from the Waddell Ranch properties due to excess production costs exceeding gross proceeds for November 2024 [11][19] - The Texas Royalty Properties experienced increased oil and gas volumes, contributing to a slight increase in this month's distribution, although this was partially offset by lower oil and gas prices [2] - Production figures for the Texas Royalty Properties included 18,407 barrels of oil and 7,073 Mcf of gas, with revenues totaling $1,381,893 after deducting taxes and expenses [3][19] Financial Summary - The excess costs for the underlying properties in October totaled $4,987,682, with $3,740,762 net to the Trust, including accrued interest of $33,031 [1] - The net profit from the Texas Royalty Properties for December was $1,237,019, leading to a net contribution of $1,175,168 to the distribution [3] - General and administrative expenses deducted for the month were $152,583, resulting in a total distribution of $1,022,585 to 46,608,796 units outstanding [19] Production and Pricing - The average price for oil was $70.83 per barrel and for gas was $11.05 per Mcf, reflecting production and pricing from previous months [3][8] - The production volumes for the current month showed an increase compared to the prior month, with oil volumes rising from 16,035 barrels to 18,407 barrels [8] Legal and Operational Issues - The Trustee has initiated a lawsuit against Blackbeard Operating, LLC, seeking to recover over $25 million in damages related to alleged improper deductions from royalty payments [9][20] - Blackbeard has not provided necessary information for calculating net profits interest proceeds for December 2024, which may affect future distributions [7]

Financial Performance - Distributable income for the three months ended September 30, 2024, was $8,053,284, compared to $3,202,030 for the same period in 2023, representing an increase of 151%[10] - Royalty income for the nine months ended September 30, 2024, reached $23,175,406, up 58% from $14,598,202 in the same period of 2023[11] - Distributable income for Q3 2024 was $8,053,284 or $0.17 per Unit, compared to $3,202,030 or $0.07 per Unit in Q3 2023[29] - Distributable income for the nine months ended September 30, 2024 was $21,982,178, or $0.47 per Unit, compared to $13,703,786, or $0.29 per Unit for the same period in 2023[33] - Total net profits for the three months ended September 30, 2024, were $6,160,815, compared to $3,492,033 for the same period in 2023, reflecting an increase of approximately 76.1%[39] Assets and Liabilities - Total assets as of September 30, 2024, were $3,917,020, a decrease from $6,272,824 as of December 31, 2023[9] - Distribution payable to unit holders as of September 30, 2024, was $2,363,614, down from $4,951,350 at the end of 2023[9] - Cash and short-term investments as of September 30, 2024, totaled $3,731,395, down from $6,051,350 at the end of 2023[9] - Total trust corpus at the end of the period on September 30, 2024, was $185,625, down from $221,474 at the beginning of the period[12] Income Sources - Royalty income for the quarter ended September 30, 2024, was $8,366,375, a significant increase from $3,317,431 in the same quarter of 2023[29] - Interest income for the three months ended September 30, 2024, was $54,534, compared to $24,119 for the same period in 2023[10] - The Trust's royalty income for the quarter ended September 30, 2024, includes cash received for June, July, and August, with specific amounts not disclosed until after the NYSE notification deadline[16] Expenses - General and administrative expenditures for the nine months ended September 30, 2024, were $1,315,916, compared to $955,607 for the same period in 2023[11] - Total expenses in Q3 2024 were $367,625, up from $139,520 in Q3 2023, primarily due to increased professional services expenses[29] - Total expenses for the nine months ended September 30, 2024 amounted to $1,315,916, an increase from $955,607 during the same period in 2023[33] Capital Expenditures - Capital expenditures for drilling, remedial, and maintenance activities on the Waddell Ranch properties totaled $24.0 million (gross) in Q3 2024, down from $31.8 million (gross) in Q3 2023[33] - Total capital expenditures for the nine months ended September 30, 2024 were $67.9 million (gross), down from $96.7 million (gross) for the same period in 2023[36] - The Trust's capital expenditures for the three months ended September 30, 2024, were $24,032,607, compared to $31,841,404 for the same period in 2023, showing a decrease of approximately 24.5%[39] Commodity Prices - Average realized oil prices for Waddell Ranch properties increased to $79.91 per barrel in Q3 2024 from $70.78 per barrel in Q3 2023, while Texas Royalty properties saw an increase from $71.45 to $79.06 per barrel[29][32] - Average realized gas prices for Waddell Ranch properties decreased to $1.19 per thousand cubic feet (Mcf) in Q3 2024 from $2.03 per Mcf in Q3 2023, with Texas Royalty properties increasing from $4.18 to $10.54 per Mcf[29][32] - The average realized price of oil for Texas Royalty properties increased to $77.40 per Bbl in the nine months ended September 30, 2024, compared to $74.97 per Bbl in the same period of 2023[35] - The average realized price of gas for Texas Royalty properties increased from $4.77 per Mcf in the nine months ended September 30, 2023 to $9.69 per Mcf in the same period of 2024[35] Operational Challenges - Blackbeard Operating, LLC has not provided necessary information for calculating net proceeds for monthly distributions since May 2024, affecting distribution timing[19] - The Trust has faced delays in distributions due to Blackbeard's refusal to provide necessary information, which has resulted in a month-long delay in net proceeds distribution[47] - The Trust is currently involved in legal proceedings against Blackbeard, seeking to recover over $25 million in damages related to alleged improper deductions from royalty payments[45] Accounting and Reporting - The Trust's financial statements differ from GAAP, as revenues are not accrued in the month of production and expenses are recorded when paid[16] - There have been no significant changes to the Trust's critical accounting policies during the nine months ended September 30, 2024[40] - The Trust's forward-looking statements are subject to risks and uncertainties, including oil and gas prices and recoverability of reserves[26]

Cash Distribution - The cash distribution for September 2024 is declared at $0.050711 per unit, payable on October 15, 2024, to unit holders of record on September 30, 2024[1]. - The distribution decreased from the previous month due to lower proceeds from Waddell Ranch properties, with August proceeds amounting to $934,450[1]. - General and Administrative Expenses deducted for the month were $54,550, leading to a total distribution of $2,363,614 to 46,608,796 units outstanding[2]. Production and Revenue - Production from Texas Royalty Properties was 20,846 barrels of oil and 7,012 Mcf of gas, with the Trust's allocated portion being 18,843 barrels of oil and 6,337 Mcf of gas[2]. - The average price for oil was $79.03 per bbl and for gas was $10.00 per Mcf, reflecting production and pricing in June for oil and May for gas[2]. - Revenues for Texas Royalty Properties totaled $1,717,563, with taxes and expenses of $155,804, resulting in a net profit of $1,561,759 for September[1]. - The Trust's Net Profit Interest (NPI) of 95% from Texas Royalty Properties contributed $1,483,671 to this month's distribution[1]. Legal Matters - The Trustee has initiated a lawsuit against Blackbeard Operating, LLC, seeking to recover over $25 million in damages related to disputed overhead costs and other expenses[2]. - The preliminary trial date for the lawsuit is set for April 21, 2025[2]. Reporting - The 2023 Annual Report with Form 10-K is available on Permian's website, including financial reports and tax information[2].

Distribution Announcement - Argent Trust Company declared a cash distribution of $0.070169 per unit for the Permian Basin Royalty Trust, payable on August 14, 2024, to unit holders of record on July 31, 2024 [2] - The distribution includes proceeds from June amounting to $2,177,289 but does not include current month proceeds from Waddell Ranch properties [2][10] Production and Revenue Details - Production for Texas Royalty Properties was 15,751 barrels of oil and 6,626 Mcf of gas, with the Trust's allocated portion being 14,033 barrels of oil and 5,905 Mcf of gas [11] - Average prices were $80.60 per barrel for oil and $10.48 per Mcf for gas, reflecting production and pricing from previous months [11] - Revenues for Texas Royalty Properties totaled $1,338,989, with taxes deducted amounting to $145,263, resulting in a net profit of $1,193,726 for July [11] Comparison with Previous Month - The current month's distribution slightly decreased from the previous month due to lower proceeds from Waddell Ranch properties and reduced oil and gas prices and production [9] - Prior month production figures were 16,053 barrels of oil and 6,912 Mcf of gas, with average prices of $82.22 per barrel for oil and $10.63 per Mcf for gas [12] Legal Matters - The Trustee is seeking to recover over $15 million in damages due to alleged improper deductions from royalty payments, with ongoing audits revealing exceptions to certain expenses [7] - A lawsuit has been initiated against Blackbeard Operating, LLC, with a preliminary trial date set for April 21, 2025 [14]