PERMIAN BASIN ROYALTY TRUST ANNOUNCES NOVEMBER CASH DISTRIBUTION AND EXCESS COST POSITION ON WADDELL RANCH PROPERTIES
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Permian Basin Royalty Trust announced a cash distribution of $0.021733 per unit for November, payable on December 13, 2024. The distribution excludes proceeds from Waddell Ranch properties due to excess production costs in October.
November 18, 2024 | 1:15 pm
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NEUTRAL IMPACT
Permian Basin Royalty Trust announced a cash distribution of $0.021733 per unit for November, payable on December 13, 2024. The distribution excludes proceeds from Waddell Ranch properties due to excess production costs in October.
The announcement of a cash distribution is generally positive for investors, but the exclusion of proceeds from Waddell Ranch due to excess costs may offset this positivity. The impact on the stock price is likely neutral as the distribution is consistent with previous payouts, but the excess cost situation could raise concerns.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100