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Stock impact report

PERMIAN BASIN ROYALTY TRUST ANNOUNCES JULY CASH DISTRIBUTION

Permian Basin Royalty Trust (PBT) 
US:NYSE Investor Relations: pbt-permian.com/financial_statements.php
Company Research Source: PR Newswire
DALLAS, July 19, 2024 /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 $0.070169 per unit, payable on August 14, 2024, to unit holders of record on July 31, 2024. The distribution does not include proceeds from the Waddell Ranch properties for the current month but does include the proceeds from June in the amount of $2,177,289. More information regarding the Waddell Ranch properties is described below.This month's distribution slightly decreased from the previous month due mainly to the June proceeds being less than the May proceeds from Waddell Ranch properties and, for the Texas Royalty Properties, lower oil and gas prices, as well as lower oil and gas production for the month reported.WADDELL RANCHNotwithstanding requests from the Trustee to Blackbeard Operating, LLC ("Blackbeard"), the operator of the Waddell Ranch prop Show less Read more
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