Argent Trust Company declared a cash distribution of $0.019233 per unit for Permian Basin Royalty Trust holders, payable on December 12, 2025.
Production costs exceeded gross proceeds for the Waddell Ranch properties, leading to a lower distribution for the month.
SoftVest Advisors, LLC requested a special meeting for Trust's unit holders on December 16, 2025.
Cash Distribution Decline
This month's distribution decreased due to lower natural gas volumes and oil and gas prices.
Excess Cost Position
The Waddell Ranch properties faced an excess cost position due to production costs exceeding gross proceeds.
Special Meeting Request
SoftVest Advisors called for a special meeting on December 16, 2025, involving stakeholders owning more than 15% of the outstanding units.
- The lower distribution indicates the impact of reduced production volumes and pricing on Trust's earnings.
- The excess cost position at Waddell Ranch properties highlights the financial challenges faced by the Trust in balancing costs and revenues.
The Trust's financial performance reflects the ongoing market challenges, with uncertainties about future distributions due to global market conditions. The special meeting called by SoftVest Advisors adds to the shareholder engagement and discussions on Trust's operations and strategies.