• N/A
    Market Cap
  • 89.22%
    1-Year Change
  • Oil & Gas Midstream
    Industry

Key Performance

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  • Earnings Score: N/A
  • Momentum Score: 81
  • True Yield: N/A
  • Financial Health Score: N/A
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Latest Research & News

SoftVest and Blackbeard Holdings Announce Proposed Business Combination with Permian Basin Royalty Trust

SoftVest, a significant unitholder of Permian Basin Royalty Trust (PBT), and Blackbeard Holdings announced a proposed business combination to create a new NYSE-listed company. The transaction would convert PBT's net profits interests into a cost-free 15% royalty interest, add approximately 66,500 acres of surface estate, and leverage Blackbeard's proven operational track record. Former PBT unitholders would own ~58% of the new entity while Blackbeard and affiliates would own ~42%. The deal requires unitholder approval and regulatory clearance.

05/18/2026, 6:18 PM • Benzinga

PERMIAN BASIN ROYALTY TRUST ANNOUNCES MARCH CASH DISTRIBUTION, EXCESS COST POSITION ON WADDELL RANCH PROPERTIES AND UNITHOLDER MAILING BY SOFTVEST

Permian Basin Royalty Trust declared a March cash distribution of $0.010662 per unit, down from the previous month due to lower oil and natural gas volumes at Texas Royalty Properties and lower oil pricing, partially offset by higher natural gas pricing. The Waddell Ranch properties remain in an excess cost position with no proceeds distributed. Additionally, SoftVest filed a petition seeking judicial modification of the Trust's Indenture to lower amendment approval requirements from 75% to a simple majority vote.

03/20/2026, 8:00 AM • Benzinga

PERMIAN BASIN ROYALTY TRUST ANNOUNCES JANUARY CASH DISTRIBUTION, EXCESS COST POSITION ON WADDELL RANCH PROPERTIES AND PETITION FILED BY SOFTVEST

Permian Basin Royalty Trust declared a January cash distribution of $0.040056 per unit, increased from the previous month due to a second settlement payment from Blackbeard Operating LLC and higher oil volumes at Texas Royalty Properties, offset by lower natural gas volumes. However, the Waddell Ranch properties continue to have an excess cost position with production costs exceeding gross proceeds in December. Additionally, SoftVest filed a petition seeking judicial modification of the Trust's Indenture to change amendment voting requirements from 75% to a simple majority.

01/20/2026, 8:00 AM • Benzinga

Peers

Statistics

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Day Range
$33.18
$34.11
$33.68
1-Year Range
$16.53
$36.11
$33.68
Latest Close$33.68
Change
+$0.41 (+1.22%)
Volume26,274

Information as of 10/23/2026

Company Profile

PERMIAN BASIN ROYALTY TRUST
https://www.pbt-permian.com
N/A
Market Cap
N/A
Net Income
Sector: Energy
Industry: Oil & Gas Midstream
3838 Oak Lawn Avenue, Dallas, TX, United States, 75219
855 588 7839

Permian Basin Royalty Trust holds royalty interests in various oil and gas properties in the United States. The company holds a 75% net overriding royalty interest in the Waddell Ranch properties located in Crane County, Texas, as well as a 95% net overriding royalty interest in the Texas Royalty properties located in 33 counties across Texas. Its Texas Royalty properties comprise approximately 125 separate royalty interests containing approximately 51,000 net producing acres. The company was founded in 1980 and is based in Dallas, Texas.

Key Executives

  • Ron E. Hooper

Current Ownership Distribution

  • Institutions276.9M (80.26%)
  • Mutual Funds48.9M (14.17%)
  • Insiders19.2M (5.57%)
  • Other0 (0.00%)