Permian Basin Royalty Trust Announces December Cash Distribution and Operational Updates

The Permian Basin Royalty Trust announced a December cash distribution of $0.013198 per unit, payable on January 15, 2026. This distribution does not include proceeds from the Waddell Ranch properties due to ongoing excess costs exceeding gross proceeds. For the Waddell Ranch properties, information regarding net profits interest proceeds is received quarterly, and any excess costs must be recovered before distributions are made. The Texas Royalty Properties generated $754,012 for this month's distribution, with production of 11,957 barrels of oil and 10,456 Mcf of gas, at average prices of $60.17 per bbl for oil and $8.32 per Mcf for gas. General and administrative expenses deducted were $138,836, resulting in a total distribution of $615,176 to 46,608,796 units outstanding. Additionally, a special meeting of unitholders resulted in a non-binding vote in favor of SoftVest's proposal to seek judicial reformation of the Trust's Indenture to allow for amendments to be approved by a simple majority of votes cast.