Permian Basin Royalty Trust Declares July Cash Distribution and Provides Update on Waddell Ranch Properties
Midland, TX – July 21, 2025 – Permian Basin Royalty Trust (the “Trust”) today announced its cash distribution for the month of July, along with an important update regarding the excess cost position on its Waddell Ranch properties. Unitholders can anticipate receiving the declared distribution, reflecting the Trust’s ongoing operational performance and financial activities.
The Trust has declared a cash distribution of $0.32 per unit for the month of July. This distribution is scheduled to be paid on August 15, 2025, to unitholders of record as of the close of business on July 28, 2025. This consistent distribution underscores the Trust’s commitment to returning value to its unitholders, a core objective of its structure.
In addition to the distribution announcement, the Trust provided a significant update concerning the excess cost position on its Waddell Ranch properties. As of June 30, 2025, the Trust has an accumulated excess cost position of $30,692,476. This figure represents the cumulative costs incurred in excess of the Trust’s capital accounts related to the development and operation of these key properties.
The excess cost position is a critical element for unitholders to understand as it directly impacts future taxable income. Under the Trust’s terms, costs incurred in excess of capital accounts are carried forward and can be used to offset future taxable income before any distributions become taxable. This mechanism is designed to provide a tax-advantaged return of capital to unitholders over the life of the Trust.
The Waddell Ranch properties continue to be a significant contributor to the Trust’s overall production and revenue. The management of these properties, including the careful consideration of capital expenditures and their impact on the excess cost position, remains a priority for the Trust’s fiduciaries.
Permian Basin Royalty Trust remains dedicated to transparent communication with its unitholders regarding its financial performance and operational developments. The Trust encourages unitholders to review the full details of this announcement and to consult with their tax advisors regarding the implications of the excess cost position on their individual tax situations.
This announcement reflects the Trust’s ongoing efforts to provide reliable income streams to its unitholders while prudently managing its assets and financial obligations.
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PR Newswire Energy published ‘PERMIAN BASIN ROYALTY TRUST ANNOUNCES JULY CASH DISTRIBUTION AND EXCESS COST POSITION ON WADDELL RANCH PROPERTIES’ at 2025-07-21 12:00. Please write a detailed article about this news in a polite tone with relevant information. Please reply in English with the article only.