Permian Basin Royalty Trust declares USD 0.02/unit August cash distribution - PBT News | RalliesPermian Basin Royalty Trust declares USD 0.02/unit August cash distribution
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PBT• August cash distribution declared
- Declared an August cash distribution of USD 0.02 per unit, payable Sept. 15 to holders of record Aug. 31.
- Waddell Ranch contributed no proceeds as July production costs exceeded gross proceeds, extending the excess-cost position.
- Texas Royalty Properties generated USD 1.33 million for the distribution on net profit of USD 1.4 million.
- General and administrative costs, net of interest, totaled USD 453,792, including a USD 250,000 increase to the expense reserve.
- Total cash distributed was USD 871,663 across 46,608,796 units.
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