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Permian Basin Royalty Trust (PBT) investor relations material
Permian Basin Royalty Trust Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Royalty income for Q1 2026 was $3.55 million, up from $3.05 million in Q1 2025, mainly due to a $1.125 million partial settlement payment from Blackbeard.
Distributable income for Q1 2026 was $3.03 million ($0.06 per unit), compared to $2.60 million ($0.06 per unit) in Q1 2025.
The Trust declared distributions of $0.040056, $0.014221, and $0.010662 per unit for January, February, and March 2026, respectively.
Financial highlights
Interest income for Q1 2026 was $16,876, slightly up from $16,523 in Q1 2025.
General and administrative expenses increased to $541,157 in Q1 2026 from $475,008 in Q1 2025.
Cash and short-term investments as of March 31, 2026, were $1.60 million, down from $1.72 million at year-end 2025.
Outlook and guidance
Oil prices spiked in March and April 2026 due to the war in Iran, reaching $114.58 per barrel, but future commodity prices remain volatile and unpredictable.
The Trust expects continued volatility in oil and gas prices due to geopolitical and market factors.
- 2025 distributable income dropped as Waddell Ranch contributed no royalties; $9M Blackbeard settlement reached.PBT
Q4 202527 Mar 2026 - Proxy seeks to lower amendment threshold to simple majority, boosting Unitholder control.PBT
Proxy Filing2 Dec 2025 - Distributable income and royalty revenues surged, but litigation and data delays pose ongoing risks.PBT
Q3 202417 Nov 2025 - Distributable income declined in Q3 2025, impacted by excess costs and lower oil prices.PBT
Q3 202513 Nov 2025 - Unit holders will vote on easing Trust Indenture amendment rules at a special meeting.PBT
Proxy Filing3 Nov 2025 - Proposals seek to allow Trust Indenture changes by simple majority, enhancing Unitholder flexibility.PBT
Proxy Filing31 Oct 2025 - Distributable income surged on higher prices, but operator disputes and data gaps threaten payouts.PBT
Q2 202414 Oct 2025 - Distributable income dropped significantly as Waddell Ranch provided no royalty income and legal disputes escalated.PBT
Q2 202513 Aug 2025 - 2024 distributable income dropped 9% to $25.4M, with reserve estimates constrained by withheld data.PBT
Q4 20249 Jun 2025
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Next Permian Basin Royalty Trust earnings date
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