Permian Basin Royalty Trust declares July cash distribution of $0.04 per unit
PBT•July cash distribution details
Permian Basin Royalty Trust declared a cash distribution of USD 0.04 per unit, payable Aug. 14 to holders of record July 31.
July payout excludes Waddell Ranch proceeds as June production costs exceeded gross proceeds, extending the property’s excess-cost position.
Distribution rose from the prior month, driven mainly by a USD 1.13 million settlement payment from Blackbeard.
Texas Royalty Properties contributed USD 1.38 million to the distribution on June net profit of USD 1.45 million.
Total distribution was USD 2.03 million across 46,608,796 units, reflecting USD 470,271 in net general and administrative expenses.
