PERMIAN BASIN ROYALTY TRUST

PERMIAN BASIN ROYALTY TRUST

Permian Basin Royalty Trust, trading as PBT and identified as CIK 319654, operates within the Oil Royalty Traders SIC, monetizing upstream U.S. oil and gas production by collecting and distributing royalty revenues from operators across the Permian Basin—its core service of transforming wellhead interests into predictable income streams. The trust’s target customers include income-focused institutional and retail investors seeking exposure to midstream commodity price movements without direct production responsibility, while oil and gas operators rely on it as a capital recycling partner that helps finance new drilling by purchasing interests. Material risks include hydrocarbon price volatility, decreases in production volumes, and complex regulatory scrutiny from the SEC and state oil commissions that may constrain royalty adjustments or asset transfers. The latest material event, a Form 8-K filed in November 2025, highlighted updated distribution policies and ongoing litigation disclosures, underlining the need for close monitoring. View live SEC filings on Earnings Feed to stay current.