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0 0 0 0 0.0139426800929512 0.00309837335398923 0.0139426800929512 -0.00852052672347013
Stock impact report

PERMIAN BASIN ROYALTY TRUST ANNOUNCES NOVEMBER CASH DISTRIBUTION AND EXCESS COST POSITION ON WADDELL RANCH PROPERTIES

Permian Basin Royalty Trust (PBT) 
US:NYSE Investor Relations: pbt-permian.com/financial_statements.php
Company Research Source: PR Newswire
DALLAS, Nov. 18, 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 $0.021733 per unit, payable on December 13, 2024, to unit holders of record on November 29, 2024. The distribution does not include proceeds from the Waddell Ranch properties for the current month or any proceeds for October, as total production costs ("Production Costs") exceeded gross proceeds ("Gross Proceeds") for the month of October, resulting in an excess cost position for the Waddell Ranch properties. More information regarding the Waddell Ranch properties is described below.This month's distribution decreased from the previous month due primarily to no proceeds for October being received from Blackbeard Operating, LLC ("Blackbeard") for the Waddell Ranch properties due to the excess cost position and, for the Texas Royalty Properties, lower oil a Show less Read more
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