Accessibility StatementSkip Navigation DALLAS, Oct. 21, 2025 /PRNewswire/ -- Å Argent Trust Company, as Trustee of the Permian Basin Royalty Trust (NYSE: PBT).("Permian" or the "Trust") todav declared a cash distribution to the holders of its units of beneficial interest of $0.020021 per unit, payable on November 17, 2025, to unit holders of record on October 31, 2025. The distribution does not include proceeds from the Waddell Ranch properties, as total production costs ("Production Costs") exceeded gross ...

Core Viewpoint - Argent Trust Company, as Trustee of the Permian Basin Royalty Trust, declared a cash distribution of $0.115493 per unit, payable on October 15, 2025, which includes a settlement payment from Blackbeard Operating, LLC, but excludes proceeds from the Waddell Ranch properties due to excess production costs [1][2][10]. Distribution Details - The cash distribution increased from the previous month primarily due to the first settlement payment from Blackbeard Operating LLC, alongside higher natural gas volumes and oil prices from Texas Royalty Properties, despite lower oil volumes and natural gas pricing [2][8]. - The total distribution amount is $5,383,005, distributed among 46,608,796 units outstanding [8]. Waddell Ranch Properties - No proceeds were received from the Waddell Ranch properties for August 2025, leading to a continuing excess cost position that must be recovered before any future distributions can occur [4][10]. - Blackbeard provides production, pricing, and cost information quarterly, which will be disclosed in the Trust's quarterly and annual reports [4][7]. Texas Royalty Properties - Production for Texas Royalty Properties was 15,856 barrels of oil and 12,275 Mcf of gas, with the Trust's allocated portion being 13,944 barrels of oil and 10,800 Mcf of gas [5][6]. - The average price for oil was $65.76 per barrel and for gas was $6.65 per Mcf, resulting in revenues of $1,124,318 after deducting taxes and expenses [5][6]. Settlement with Blackbeard - The settlement agreement with Blackbeard includes a total payment of $9 million, with $4.5 million already paid and the remainder to be paid in quarterly installments of $1,125,000 during 2026 [11][12]. - The agreement also establishes overhead rates and allows Blackbeard to pass through certain charges, while the Trust retains the option for annual site audits [12]. Market Conditions - Worldwide market conditions continue to impact pricing for domestic production, making it challenging to predict future distributions [9].

Core Points - The Company announced a monthly distribution of $0.08 per share for September 2025, payable on September 30, 2025 [1] - Future distributions are subject to Board approval and compliance with debt covenants and preferred stock terms [2] - The Company is a non-diversified, closed-end management investment company focused on providing high after-tax total returns through cash distributions [3] - The Company invests at least 80% of its total assets in securities of Energy Infrastructure Companies [3] - Cash distributions may vary based on portfolio changes and market conditions [4]

Core Points - The Company announced a monthly distribution of $0.08 per share for June 2025, payable on June 30, 2025 [1] - Future distributions are subject to Board approval and compliance with debt covenants and preferred stock terms [2] - The Company is a non-diversified, closed-end management investment company focused on providing high after-tax total returns through cash distributions [3] - The Company invests at least 80% of its total assets in securities of Energy Infrastructure Companies [3] - Distribution amounts may vary based on portfolio changes and market conditions [4] Distribution Details - Record Date: June 13, 2025 - Payment Date: June 30, 2025 - Distribution Amount: $0.08 - Estimated Return of Capital: 50% [3]

Core Points - The Company announced a monthly distribution of $0.08 per share for May 2025, payable on May 30, 2025 [1] - Future distributions are subject to Board approval and compliance with debt covenants and preferred stock terms [2] - The Company aims to provide a high after-tax total return by investing at least 80% of its total assets in Energy Infrastructure Companies [3] Distribution Details - The ex-date for the distribution is May 15, 2025, with a return of capital of 40% [3] - The Company pays cash distributions that may be adjusted based on portfolio holdings and market conditions [4]