PERMIAN BASIN ROYALTY TRUST 8K

Permian Basin Royalty Trust declared a reduced August 2026 cash distribution that excludes Waddell Ranch proceeds due to an excess cost position and reported on the pending SoftVest/Blackbeard business combination proposal and related SEC filings.

On August 21, 2026, Argent Trust Company, as Trustee of Permian Basin Royalty Trust, announced an August cash distribution of $0.018701 per unit, payable September 15, 2026 to unitholders of record on August 31, 2026, noting that the distribution excludes any proceeds from the Waddell Ranch properties because production costs exceeded gross proceeds in July, creating a continuing excess cost position that must be recovered before future Waddell Ranch distributions; the release details production, pricing and net profit contribution from the Texas Royalty Properties, the impact of the absence of a $1,125,000 settlement payment from Blackbeard Operating LLC that had boosted the prior month’s distribution, an increase to the expense reserve, and provides an update on the previously disclosed proposal by SoftVest, L.P. and Blackbeard Holdings, LLC to combine the Trust’s assets with certain Blackbeard mineral interests into a new publicly traded company, PBT Land and Minerals, Inc., which would require Trust unitholder approval and for which New PBT has filed registration statements on Forms S-4 and S-1.

Filing Facts

CIK

319654

Ticker

-

Form

8K

Source Type

sec

Accession

0001193125-26-360716

Alert Tier

6