PBT Land and Minerals sets USD 28.08 rights price for Permian Basin Royalty Trust stock

Published on 10/16/2026 at 01:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

PBT declared a USD 0.019593 distribution for Permian Basin Royalty Trust stock on September 18, 2026. Second-quarter revenue was USD 4.16 million.

Rights terms and royalty income

PBT Land and Minerals set a USD 28.08 subscription price on October 5, 2026.
Permian Basin Royalty Trust declared a USD 0.019593 distribution per unit on September 18, 2026.
Permian Basin Royalty Trust had a USD 1.6 billion market capitalization as of October 15, 2026.

PBT, US7142361069, Illustration mit AI erstellt.

Permian Basin Royalty Trust (ISIN US7142361069) is tied to a proposed rights offering priced at USD 28.08 per share. Business Wire reported on October 5, 2026, that PBT Land and Minerals set October 13, 2026, as the record date for the offering, subject to regulatory clearance. The terms connect the proposal to Permian Basin Royalty Trust units traded on the NYSE.

What does the proposal change?

The rights offering is part of a proposed combination involving the Trust's assets and interests held by Blackbeard Holdings. The transaction still requires a vote by Trust unitholders, while the Trustee is not a party to the agreement and has made no voting recommendation, according to PR Newswire on September 18, 2026.

Three dates define the story

On August 13, 2026, Permian Basin Royalty Trust reported second-quarter revenue of USD 4.16 million and earnings per share of USD 0.08, according to MarketBeat. On September 18, 2026, the Trust declared a USD 0.019593 distribution per unit, payable October 15, 2026. On October 5, 2026, PBT Land and Minerals announced the USD 28.08 subscription price.

What dates matter next?

The next calendar date identified for PBT is an estimated earnings release on November 12, 2026, according to MarketBeat. The latest distribution was payable on October 15, 2026, with the record date set for September 30, 2026.

Royalty income remains concentrated

The September distribution totaled USD 913,228.22 for 46,608,796 units. Texas Royalty Properties generated USD 1,324,846 in revenue and USD 1,189,481 in net profit for August 2026, while Waddell Ranch contributed no proceeds because production costs exceeded gross proceeds, according to PR Newswire.

Permian Basin Royalty Trust had a USD 1.6 billion market capitalization and a USD 16.25 to USD 37.00 52-week range as of October 15, 2026. The structure gives investors royalty exposure rather than direct control over production, so the distribution depends on property volumes, commodity prices and recoverable costs.