Permian Basin Royalty Trust Common Stock (PBT)

PBT Land and Minerals, Inc. (the “Company”) today announced the establishment of October 13, 2026 as the record date for its proposed rights offering and $28.08 per share as the subscription price. The subscription price is equal to 87.5% of the volume-weighted average price of the Permian Basin Royalty Trust (NYSE: PBT) units for the five consecutive trading days ending October 2, 2026.

SoftVest, L.P. (“SoftVest”), a significant unitholder of the Permian Basin Royalty Trust (NYSE: PBT) (“PBT” or “the Trust”), and Blackbeard Holdings, LLC (“Blackbeard”), today announced the execution of a definitive agreement (the “Combination Agreement”) to combine PBT and certain oil and natural gas mineral interests and land operations owned by Blackbeard and its affiliates (“US Land Guild” or “USLG”). The proposed combination is valued at approximately $2.24 billion.

Permian Basin Royalty Trust (NYSE: PBT) has caught the attention of the investment community today with its bullish price action. The company’s shares have moved 5.37% on the day to $12.2.

With energy the only sector with a 2022 gain, Texas Pacific Land Corporation is a price leader in a little-known slice of the overall oil-and-gas industry.