Latest news with #PermianBasinRoyaltyTrust
Yahoo
5 days ago
- Business
- Yahoo
Permian Basin Royalty Trust (PBT) Declares July Cash Distribution; Reports Excess Cost Position on Waddell Ranch Properties
With strong share price gains and significant hedge fund interest, Permian Basin Royalty Trust (NYSE:PBT) secures a spot on our list of the 13 Hot Oil Stocks to Buy Now. An oil tanker heading out to sea, a symbol of the company's processes and operations. On July 21, 2025, Permian Basin Royalty Trust (NYSE:PBT) declared a $0.015 per unit cash distribution, which is payable on August 14 to holders of record on July 31. This cash distribution, which is an increase compared to last month, reflects stronger natural gas volumes and elevated oil and gas prices from the Texas Royalty Properties. The distribution does not include proceeds from the Waddell Ranch properties, where production costs for the month of May exceeded revenues. Meanwhile, Permian Basin Royalty Trust (NYSE:PBT) announced that litigation between the Trustee and Blackbeard continues. The trial concerning more than $9 million in alleged unpaid royalties and improper deductions dating back to April 2020 is set to take place on November 17, 2025. For July, the Texas Royalty Properties contributed $901,654 net profit, reflecting oil at $68.37/bbl and gas at $11.75/Mcf. Permian Basin Royalty Trust (NYSE:PBT), based in Dallas, Texas, operates as a U.S. oil and gas royalty trust. It is included in our list of the hot stocks to buy. While we acknowledge the potential of PBT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best AI Stocks to Buy Under $3 and Bill Ackman Stock Portfolio: Top 10 Stock Picks. Disclosure: None.
Yahoo
6 days ago
- Business
- Yahoo
Permian Basin Royalty: Q2 Earnings Snapshot
DALLAS (AP) — DALLAS (AP) — Permian Basin Royalty Trust (PBT) on Wednesday reported net income of $2.4 million in its second quarter. The Dallas-based company said it had profit of 5 cents per share. The owner of royalty interests in oil and gas properties posted revenue of $3.1 million in the period. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on PBT at Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
San Francisco Chronicle
6 days ago
- Business
- San Francisco Chronicle
Permian Basin Royalty: Q2 Earnings Snapshot
DALLAS (AP) — DALLAS (AP) — Permian Basin Royalty Trust (PBT) on Wednesday reported net income of $2.4 million in its second quarter. The Dallas-based company said it had profit of 5 cents per share. The owner of royalty interests in oil and gas properties posted revenue of $3.1 million in the period. _____
Yahoo
23-05-2025
- Business
- Yahoo
Permian Basin Royalty Trust (PBT) Gained This Week. Here is Why.
The share price of Permian Basin Royalty Trust (NYSE:PBT) surged by 6.24% between May 14 and May 21, 2025, putting it among the Energy Stocks that Gained the Most This Week. Let's shed some light on the development. Oil and gas engineers surveying an expansive landscape for producing oil fields. The Permian Basin Royalty Trust (NYSE:PBT)'s principal assets are comprised of a 75% net overriding royalty interest carved out by Southland Royalty Company from its fee mineral interest in the Waddell Ranch properties in Crane County, and a 95% net overriding royalty interest carved out by Southland from its major producing royalty properties in Texas. Investors reacted positively this week after Permian Basin Royalty Trust (NYSE:PBT) announced a monthly dividend of $0.0188 per share for the month of May, payable on June 13, 2025, to unit holders of record on May 30, 2025. This was down 4.1% from the previous month's dividend, primarily due to the Texas Royalty Properties having lower oil volumes, along with lower oil and natural gas pricing, partially offset by slightly higher natural gas volumes for the month reported. Despite the recent surge, the share price of Permian Basin Royalty Trust (NYSE:PBT) has fallen by over 4% since the beginning of 2025. While we acknowledge the potential of PBT to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than PBT but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and 10 Most Undervalued Energy Stocks to Buy According to Hedge Funds Disclosure: None.
Yahoo
22-05-2025
- Business
- Yahoo
Permian Basin Royalty Trust (PBT) Gained This Week. Here is Why.
The share price of Permian Basin Royalty Trust (NYSE:PBT) surged by 6.24% between May 14 and May 21, 2025, putting it among the Energy Stocks that Gained the Most This Week. Let's shed some light on the development. Oil and gas engineers surveying an expansive landscape for producing oil fields. The Permian Basin Royalty Trust (NYSE:PBT)'s principal assets are comprised of a 75% net overriding royalty interest carved out by Southland Royalty Company from its fee mineral interest in the Waddell Ranch properties in Crane County, and a 95% net overriding royalty interest carved out by Southland from its major producing royalty properties in Texas. Investors reacted positively this week after Permian Basin Royalty Trust (NYSE:PBT) announced a monthly dividend of $0.0188 per share for the month of May, payable on June 13, 2025, to unit holders of record on May 30, 2025. This was down 4.1% from the previous month's dividend, primarily due to the Texas Royalty Properties having lower oil volumes, along with lower oil and natural gas pricing, partially offset by slightly higher natural gas volumes for the month reported. Despite the recent surge, the share price of Permian Basin Royalty Trust (NYSE:PBT) has fallen by over 4% since the beginning of 2025. While we acknowledge the potential of PBT to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than PBT but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and 10 Most Undervalued Energy Stocks to Buy According to Hedge Funds Disclosure: None.
