Permian Basin Royalty Trust (NYSE:PBT) filed its Form 10-Q for the quarterly period ended June 30, 2026, with the Securities and Exchange Commission on August 13, 2026, reporting unaudited condensed interim financial statements prepared by Trustee Argent Trust Company.

Key Highlights

  • Q2 2026 distributable income: $3,870,562, or $0.08 per unit, compared with $2,397,255, or $0.05 per unit, in Q2 2025.
  • Six-month distributable income: $6,897,363, or $0.15 per unit, for the six months ended June 30, 2026, versus $4,993,467, or $0.11 per unit, for the same period in 2025.
  • Q2 2026 royalty income: $4,158,812, up from $3,089,889 in Q2 2025.
  • Total assets at June 30, 2026: $2,411,709, compared with $1,877,733 at December 31, 2025.
  • Distribution payable to unitholders: $1,149,988 at June 30, 2026, versus $615,167 at December 31, 2025.
  • Units outstanding: 46,608,796 units of beneficial interest as of August 13, 2026.
  • Commitments and reserves for contingencies: $1,100,000 at both June 30, 2026, and December 31, 2025.

Permian Basin Royalty Trust Q2 2026 Financial Results and Trust Structure

According to the filing, the Trust reported royalty income of $4,158,812 and interest income of $16,319 for the three months ended June 30, 2026, producing total income of $4,175,131. After general and administrative expenditures of $304,569, distributable income for the quarter reached $3,870,562. For the comparable quarter in 2025, distributable income was $2,397,255, with general and administrative expenditures of $708,385, according to the filing.

For the six months ended June 30, 2026, the Trust reported royalty income of $7,709,894 and interest income of $33,195, yielding total income of $7,743,089. General and administrative expenditures for the period were $845,726, resulting in distributable income of $6,897,363, or $0.15 per unit. The filing notes that distributions declared for the six-month period matched distributable income at $6,897,363. The Trust corpus stood at $161,721 at June 30, 2026, net of accumulated amortization of $10,813,495 on the net overriding royalty interests in producing oil and gas properties.

The filing discloses that the Trust holds a 75% net overriding royalty in Southland Royalty Company's fee mineral interest in the Waddell Ranch in Crane County, Texas, operated by Blackbeard Operating, LLC effective April 1, 2020, and a 95% net overriding royalty carved out of Southland Royalty Company's major producing royalty properties in Texas, currently operated by Riverhill Energy Corporation. Argent Trust Company, a Tennessee chartered trust company, serves as Trustee. The Trust was established as of November 1, 1980, and its units are traded on the New York Stock Exchange.

What Was Disclosed

Permian Basin Royalty Trust filed its unaudited Q2 2026 financial statements showing higher royalty income and distributable income compared with Q2 2025, with total assets of $2,411,709 and 46,608,796 units outstanding as of August 13, 2026.