PBT Declares $0.0196 Unit Payout as Waddell Ranch Costs Persist
Dallas – September 20, 2026 -- Argent Trust Company, as Trustee of the Permian Basin Royalty Trust (NYSE: PBT), declared a cash distribution of $0.019593 per unit, payable September 20, 2026, to unitholders of record September 20, 2026. The payout excludes any proceeds from the Waddell Ranch properties after production costs exceeded gross proceeds in August, extending a continuing excess cost position on those assets.
August Distribution Rises on Lower Trust Expenses
This month's per-unit distribution increased from the prior month primarily due to a decrease in Trust expenses. That gain was partially offset by lower oil and natural gas volumes and weaker oil pricing at the Texas Royalty Properties, even as natural gas pricing improved.