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Stock impact report

Permian Basin Royalty Trust Announces December Cash Distribution

Permian Basin Royalty Trust (PBT) 
US:NYSE Investor Relations: pbt-permian.com/financial_statements.php
Company Research Source: PR Newswire
DALLAS, Dec. 20, 2019 /PRNewswire/ -- Simmons Bank, as Trustee of the Permian Basin Royalty Trust (NYSE: PBT) ("Permian") today declared a cash distribution to the holders of its units of beneficial interest of $0.038889 per unit, payable on January 15, 2020, to unit holders of record on December 31, 2019.This month's distribution decreased slightly from the previous month due primarily to an increase in gas production offset by a decrease in pricing for both oil and gas on the Waddell Ranch. This reflects the production month of October. Capital Expenditures increased to reflect end of year facility work. Lease Operating Expenses (LOE) for the Waddell Ranch properties decreased substantially this month to reflect an adjustment to the electricity rates incurred in previous months on the Waddell Ranch for the year.  The Texas Royalty Properties saw a decrease in the posting of production of oil and gas, primarily due to the timing of receipts in the month of October.  Pricing for oil d Show less Read more
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