Permian Basin Royalty Trust amends annual filing with audited 2025 results showing $14.3 million distributable income
PBT•Amended annual report restates audited 2025 results
Permian Basin Royalty Trust filed an amended annual report that restated audited 2025 results, updating production, reserves, and related MD&A disclosures.
- Distributable income fell to $14.3 million, or $0.31 per unit, from $25.42 million, or $0.55 per unit.
- Royalty income totaled $16.06 million, down from $26.96 million; 2025 royalty income came only from Texas Royalty properties due to a Waddell Ranch deficit.
- Waddell Ranch ended 2025 with $60.84 million of cumulative excess costs, plus $3.03 million of accrued interest, to be recovered from future net proceeds.
- The standardized measure of discounted future net cash flows rose to $547.92 million from $371.37 million; proved reserves increased to 19,668 MBOE from 12,237 MBOE.
