PERMIAN BASIN ROYALTY TRUST ANNOUNCES OCTOBER CASH DISTRIBUTION AND EXCESS COST POSITION ON WADDELL RANCH PROPERTIES
Permian Basin Royalty Trust declared an October distribution of $0.045191 per unit ($2.11 million total on 46.6M units), payable November 16 to holders of record October 30. The payout rose from the prior month, helped by a final Blackbeard Operating settlement payment and stronger gas volumes and pricing, partially offset by lower oil prices. Waddell Ranch contributed nothing again: September production costs exceeded gross proceeds, extending the excess cost position, and all future proceeds must first recover those costs plus accrued interest before distributions resume. Operator Blackbeard now reports data only quarterly, pushing disclosure into 10-Q/10-K filings.
Key figures
- Eps
- $0.045191 per unit (October distribution, payable Nov 16, 2026)
- Gas price per mcf
- $15.15
- Oil price per bbl
- $79.67
- Units outstanding
- 46608796
- Waddell ranch status
- excess cost position; no proceeds included
- Texas royalties revenue
- 1295650
- Texas royalties net profit
- 1152553
- Distribution increase driver
- final Blackbeard Operating settlement payment + higher gas volumes/pricing, partly offset by lower oil pricing
AI analysis
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