Permian Basin Royalty Trust declares July distribution of USD 0.04 per unit - PBT News | RalliesPermian Basin Royalty Trust declares July distribution of USD 0.04 per unit
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PBT• July distribution and payout details
- Permian Basin Royalty Trust declared a July cash distribution of USD 0.04 per unit, payable Aug. 14 to holders of record July 31.
- No Waddell Ranch proceeds were included as June production costs exceeded gross proceeds, extending the property’s excess-cost position.
- Distribution rose from the prior month, driven by a USD 1.13 million settlement payment from Blackbeard, partly offset by weaker volumes.
- Texas Royalty Properties contributed USD 1.38 million to the payout; June net profit was USD 1.45 million on oil at USD 99.9 per barrel.
- General and administrative costs net of interest were USD 470,271; total distribution was USD 2.03 million across 46,608,796 units.
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