PERMIAN BASIN ROYALTY TRUST ANNOUNCES DECEMBER CASH DISTRIBUTION AND EXCESS COST POSITION ON WADDELL RANCH PROPERTIES
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Permian Basin Royalty Trust announced a cash distribution of $0.020510 per unit, payable on February 14, 2025. The distribution excludes proceeds from Waddell Ranch properties due to excess production costs over gross proceeds.

January 21, 2025 | 1:15 pm
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Permian Basin Royalty Trust declared a cash distribution of $0.020510 per unit, payable on February 14, 2025. The distribution excludes proceeds from Waddell Ranch properties due to excess production costs over gross proceeds.
The announcement of a cash distribution is generally positive for investors, but the exclusion of proceeds from Waddell Ranch properties due to excess costs may offset this positivity. The impact on the stock price is likely neutral as the distribution is small and the excess cost issue is ongoing.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100