Permian Basin Royalty Trust declares $0.019593 per unit; Waddell Ranch excluded
Permian Basin Royalty Trust declared a monthly cash distribution of $0.019593 per unit, payable October 15, 2026, to unitholders of record on September 30, 2026. The distribution excludes Waddell Ranch proceeds because production costs exceeded gross proceeds in August, leaving the Waddell Ranch properties in a continuing excess cost position that must be recovered before any future distributions. The distribution rose from the prior month mainly due to lower Trust expenses, and the filing notes a pending SoftVest-led proposal to combine Trust assets with Blackbeard Holdings' operations, which requires a unitholder vote.
Key points
- Distribution of $0.019593 per unit, totaling $913,228.22 across 46,608,796 units outstanding, payable October 15, 2026.
- Distribution increased from the previous month, mainly due to a decrease in Trust expenses, partly offset by lower oil and natural gas volumes and lower oil pricing.
- Waddell Ranch production costs exceeded gross proceeds for August 2026; no Waddell Ranch proceeds were included in the September distribution.
- Texas Royalty Properties net contribution was $1,130,007; oil averaged $83.20 per bbl versus $93.10 the prior month.
The filing
Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 18, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.