Mar. 21 at 12:02 PM
$PBT (Permian Basin Royalty Trust) declares
$0.018/unit March distribution, slight uptick from Texas Royalty output. Waddell Ranch still in excess costs - operator Blackbeard withholding critical data, forcing reliance on quarterly reports. Ongoing
$25M lawsuit trial set for Nov 2025. High legal/operator risks overshadow temporary production gains. Bearish as structural issues persist.
Link: https://www.prnewswire.com/news-releases/permian-basin-royalty-trust-announces-march-cash-distribution-and-excess-cost-position-on-waddell-ranch-properties-302406841.html