PBT Declares $0.045191 October Distribution, Up 131% on Blackbeard Settlement
PBT has more than doubled off its 52-week low of $16.25 on light trading volume (0.1× avg).
Summary
Permian Basin Royalty Trust declared a $0.045191 per unit October distribution, more than double last month's payout, helped by Blackbeard's final settlement payment — though Waddell Ranch remains in an excess cost position with no proceeds distributed.
Key Events · Earnings and Guidance · PBT
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October Distribution More Than Doubles
$0.045191 per unit payable November 16, 2026 to holders of record October 30, 2026, versus $0.019593 in September.
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Blackbeard Settlement Lifts Payout
The increase is due primarily to the final settlement payment received from Blackbeard Operating, with higher gas volumes and pricing on the Texas Royalty Properties partly offset by lower oil pricing.
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Waddell Ranch Still in Excess Cost
September production costs exceeded gross proceeds, so no Waddell proceeds were included; all excess costs plus accrued interest must be recovered from future proceeds before any distribution.
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Texas Royalties Net $1.09M to Trust
Revenue of $1,295,650 less $143,097 taxes and expenses left $1,152,553 net profit; the Trust's 95% NPI contributed $1,094,925. Total distribution was $2,106,330.04 across 46,608,796 units.
Analysis · PBT · Energy & Transportation
The October payout of $0.045191 per unit is more than double September's $0.019593, driven mainly by the final settlement payment from Blackbeard Operating plus stronger gas volumes and pricing on the Texas Royalty Properties. That is real cash to unitholders, but the Waddell Ranch properties remain in an excess cost position — September production costs exceeded gross proceeds, so no Waddell proceeds were included, and all accumulated excess costs plus accrued interest must be recovered from future proceeds before anything flows to the Trust. The distribution also lands while the $2.2 billion combination with US Land Guild and the related New PBT rights offering are pending a unitholder vote; the Trustee states it is not making a recommendation and no special meeting date has been set.
How filings like this one have moved
In the 30 days to Oct 20, 2026, 29.2% of the 1466 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, PBT was trading at $33.41 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $1.6B. The 52-week trading range was $16.25 to $37.00. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.