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Permian Basin Royalty Trust declares $0.038 per unit distribution for May 2026, boosted by higher gas prices and settlement payment.

Company Fundamentals
20 Apr 2026
PRNewsWire
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Neutral
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Permian Basin Royalty Trust announced a cash distribution of $0.038014 per unit payable on May 14, 2026, to holders of record on April 30, 2026. The increase from the previous month is mainly due to a $1.125 million settlement payment from Blackbeard Operating LLC and higher natural gas volumes and prices, partially offset by lower oil volumes. No proceeds from Waddell Ranch properties were included due to excess production costs. The Trust also faces a pending court hearing regarding proposed amendments to its Indenture by a major unitholder, SoftVest. Financial reports and further details are available on the Trust's website.

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