Permian Basin Royalty Trust(PBT) - 2025 Q2 - Quarterly Results

Notwithstanding requests from the Trustee to Blackbeard Operating, LLC ("Blackbeard"), the operator of the Waddell Ranch properties, and the fact that prior to May 2024, Blackbeard has provided this information on a monthly basis since Argent Trust Company has become Trustee of the Trust, Blackbeard has refused to provide the Trustee information necessary to calculate the net profits interest ("NPI") proceeds for July 2025 as of the announcement date for this month's distribution. As a result of Blackbeard' ...