PERMIAN BASIN ROYALTY TRUST 8K

Permian Basin Royalty Trust declared its July 2026 cash distribution while explaining ongoing excess costs at Waddell Ranch and updating unitholders on a potential SoftVest/Blackbeard business combination involving the Trust’s assets.

On July 21, 2026, Argent Trust Company, as Trustee of Permian Basin Royalty Trust, announced a July cash distribution of $0.043566 per unit (totaling approximately $2.03 million) payable on August 14, 2026 to unitholders of record on July 31, 2026, driven primarily by a $1,125,000 settlement payment from Blackbeard Operating LLC and higher oil prices from the Texas Royalty Properties, while noting that the Waddell Ranch properties remain in an excess cost position with no proceeds contributing to the distribution and that production and pricing data for Waddell Ranch will continue to be disclosed only in periodic reports; the Trust also provided detail on recent production, pricing, and net profits from the Texas Royalty Properties, an increase in the expense reserve, and updated unitholders on a previously disclosed preliminary non-binding term sheet between SoftVest, L.P. and Blackbeard Holdings, LLC regarding a potential business combination that could result in the formation of a new public company owning the Trust’s assets and certain Blackbeard assets, which would likely require majority unitholder approval pursuant to recently modified indenture terms.

Filing Facts

CIK

319654

Ticker

-

Form

8K

Source Type

sec

Accession

0001193125-26-309825

Alert Tier

7