EX-99.1 2 pbt-ex99_1.htm EX-99.1 EX-99.1 Exhibit 99.1 Permian Basin Royalty Trust PERMIAN BASIN ROYALTY TRUST ANNOUNCES SEPTEMBER CASH DISTRIBUTION AND EXCESS COST POSITION ON WADDELL RANCH PROPERTIES DALLAS, Texas, September 18, 2026 - Argent Trust Company, as Trustee of the Permian Basin Royalty Trust (NYSE: PBT) (“Permian” or the “Trust”) today declared a cash distribution to the holders of its units of beneficial interest of $0.019593 per unit, payable on October 15, 2026, to unit holders of record on September 30, 2026. The distribution does not include proceeds from the Waddell Ranch properties, as total production costs (“Production Costs”) exceeded gross proceeds (“Gross Proceeds”) for the month of August, resulting in a continuing excess cost position for the Waddell Ranch properties. More information regarding the Waddell Ranch properties is described below. This month’s distribution increased compared to the previous month due primarily a decrease in Trust expenses, partially offset by Texas Royalty Properties having lower oil and natural gas volumes and oil pricing, with natural gas pricing increasing. WADDELL RANCH Information from Blackbeard Operating, LLC …
Open exhibit ↗Current Report · Items 2.02, 9.01 · 8-K
PERMIAN BASIN ROYALTY TRUST
Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition. On September 18, 2026, the Registrant issued a press release announcing its monthly cash distribution to unitholders of record on September 30, 2026. The press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. This Report on Form 8-K is being furnished pursuant to Item 2.02, Results of Operations and Financial Condition.…
Disclosure sections
Item 2.02Item 2.02 - Results of Operations
Item 2.02 Results of Operations and Financial Condition.
On September 18, 2026, the Registrant issued a press release announcing its monthly cash distribution to unitholders of record on September 30, 2026. The press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
This Report on Form 8-K is being furnished pursuant to Item 2.02, Results of Operations and Financial Condition. The information furnished is not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, is not subject to the liabilities of that section and is not deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.