PB
Permian Basin Royalty Trust
PBT—
Permian Basin Royalty Trust AI Insights
Informational only. Not investment advice.Snapshot
- ROE of 88% TTM vs industry median 12% - trust structure passes nearly all income to unitholders with zero debt[Return on Equity]
- Operating margin 89% TTM (industry median 27%) - minimal G&A of $412K on $17.3M revenue, pure royalty pass-through[Operating Margin]
- Revenue down 14% 1Y and 36% 3Y CAGR - direct exposure to declining oil/gas prices and production volumes[Total Revenue 3Y Growth]
Watch Triggers
- Total Revenue TTM: Quarterly revenue falls below $3.5M (annualized $14M) — Signals accelerating production decline; directly reduces distributions
- Dividends Paid Per Share TTM: Monthly distribution drops below $0.02 — Yield compression below 5% removes income thesis at current valuation
- Operating Margin TTM: Falls below 80% — Fixed costs consuming larger share of shrinking revenue base
Bull Case
Pure income vehicle: 6.6% implied yield ($0.33 div on $5.00 price) with zero leverage and 89% margins. Ideal for commodity exposure without operational risk.
Dividends Paid Per Share TTMDebt to EquityOperating Margin TTM
Asset turnover 3.3x vs industry 0.3x - ultra-lean structure converts every revenue dollar efficiently with minimal overhead ($412K G&A).
Asset Turnover TTMGeneral and Administrative Expense
Bear Case
P/E 51x vs industry 15x and P/S 46x vs 2.6x - extreme premium for a declining asset with no growth optionality or reinvestment capability.
PE RatioPS RatioTotal Revenue 3Y Growth
Depleting asset base: 3Y revenue CAGR -36% reflects natural production decline. Trust terminates when reserves exhaust - finite life vehicle.
Total Revenue 3Y GrowthTotal Revenue 1Y Growth
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
35%
Leverage PBT's top insights and create a custom strategy based on them in seconds. Our AI editor does it all — in one click.
Forward Thesis
Dividend yield will track oil prices with near 100% payout; no growth without commodity recovery
1-3yhigh
- 99.9% 5Y avg payout ratio leaves no retained earnings
- Trust cannot acquire new acreage or reinvest
- Monthly distributions directly tied to realized prices
Dividend payout ratio 99.9% (5Y avg)Zero debt-to-equity ratioEPS $0.33 TTM vs dividends $0.33/share
Valuation Context
Caveats
Public Strategies Rankings
See how Permian Basin Royalty Trust ranks across different investment strategies.
Leverage PBT's top insights and create a custom strategy in seconds. Our AI editor does it all — in one click.
PBT Fundamentals
Transportation and Warehousing → Pipeline Transportation
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$845.48M | — | ||
$0 | — | ||
55 | — | ||
$17.27M | -54.2% | — | |
$0.33 | -57.7% | — | |
88.5% | -7.5% | — | |
88.5% | -7.5% | — | |
$0 | — | ||
88 | -12229.6% | — | |
Beta 5Y (Monthly) | unknown | — |
PBT Dividend History
313 dividends
2026
$0.040101/30/26$0.0401
2025
$0.306812/31/25$0.0132
11/28/25$0.0192
10/31/25$0.0200
09/30/25$0.1155
08/29/25$0.0164
07/31/25$0.0153
06/30/25$0.0130
05/30/25$0.0188
04/30/25$0.0196
03/31/25$0.0180
02/28/25$0.0171
01/31/25$0.0205
2024
$0.545312/31/24$0.0219
11/29/24$0.0217
10/31/24$0.0300
09/30/24$0.0507
08/30/24$0.0519
07/31/24$0.0702
06/28/24$0.0727
05/31/24$0.0200
04/29/24$0.0882
03/27/24$0.0413
02/28/24$0.0455
01/30/24$0.0310
2023
$0.600312/28/23$0.1062
11/29/23$0.1572
10/30/23$0.0429
09/28/23$0.0224
08/30/23$0.0245
07/28/23$0.0217
06/29/23$0.0524
05/30/23$0.0444
04/27/23$0.0268
03/30/23$0.0236
02/27/23$0.0414
01/30/23$0.0368
2022
$1.148712/29/22$0.0376
11/29/22$0.0810
10/28/22$0.2086
09/29/22$0.2236
08/30/22$0.1959
07/28/22$0.1640
06/29/22$0.0917
05/27/22$0.0344
04/28/22$0.0318
03/30/22$0.0193
02/25/22$0.0292
01/28/22$0.0316
2021
$0.230012/30/21$0.0246
11/29/21$0.0225
10/28/21$0.0223
09/29/21$0.0231
08/30/21$0.0196
07/29/21$0.0214
06/29/21$0.0176
05/27/21$0.0212
04/29/21$0.0182
03/30/21$0.0115
02/25/21$0.0165
01/28/21$0.0115
2020
$0.235112/30/20$0.0134
11/27/20$0.0136
10/29/20$0.0126
09/29/20$0.0123
08/28/20$0.0089
07/30/20$0.0057
06/29/20$0.0018
05/28/20$0.0165
04/29/20$0.0230
03/30/20$0.0338
02/27/20$0.0503
01/30/20$0.0431
2019
$0.416712/30/19$0.0389
11/27/19$0.0390
10/30/19$0.0277
09/27/19$0.0400
08/29/19$0.0434
07/30/19$0.0442
06/27/19$0.0397
05/30/19$0.0353
04/29/19$0.0176
03/28/19$0.0256
02/27/19$0.0316
01/30/19$0.0336
2018
$0.660612/28/18$0.0531
11/29/18$0.0500
10/30/18$0.0551
09/27/18$0.0548
08/30/18$0.0391
07/30/18$0.0575
06/28/18$0.0441
05/30/18$0.0550
04/27/18$0.0522
03/28/18$0.0745
02/27/18$0.0656
01/30/18$0.0596
2017
$0.629212/28/17$0.0509
11/29/17$0.0510
10/30/17$0.0540
09/28/17$0.0402
08/29/17$0.0456
07/27/17$0.0408
06/28/17$0.0411
05/26/17$0.0522
04/26/17$0.0563
03/29/17$0.0472
02/24/17$0.1019
01/27/17$0.0480
2016
$0.415212/28/16$0.0589
11/28/16$0.0471
10/27/16$0.0471
09/28/16$0.0459
08/29/16$0.0480
07/27/16$0.0401
06/28/16$0.0345
05/26/16$0.0340
04/27/16$0.0100
03/29/16$0.0130
02/25/16$0.0217
01/27/16$0.0147
2015
$0.344712/29/15$0.0207
11/25/15$0.0212
10/28/15$0.0193
09/28/15$0.0305
08/27/15$0.0357
07/29/15$0.0517
06/26/15$0.0365
05/27/15$0.0157
04/28/15$0.0238
03/27/15$0.0216
02/25/15$0.0315
01/28/15$0.0367
2014
$1.023812/29/14$0.0452
11/25/14$0.0458
10/29/14$0.0560
09/26/14$0.0948
08/27/14$0.1094
07/29/14$0.1185
06/26/14$0.0966
05/28/14$0.1202
04/28/14$0.0863
03/27/14$0.1085
02/26/14$0.0917
01/29/14$0.0508
2013
$0.869412/27/13$0.0673
11/26/13$0.0633
10/29/13$0.0995
09/26/13$0.1063
08/28/13$0.0893
07/29/13$0.0721
06/26/13$0.0785
05/29/13$0.0885
04/26/13$0.0609
03/26/13$0.0580
02/26/13$0.0360
01/29/13$0.0498
2012
$1.158212/27/12$0.0552
11/28/12$0.0692
10/29/12$0.0746
09/26/12$0.0611
08/29/12$0.0572
07/27/12$0.0738
06/27/12$0.0871
05/29/12$0.1375
04/26/12$0.1113
03/28/12$0.1410
02/27/12$0.1642
01/27/12$0.1259
2011
$1.360412/28/11$0.1014
11/28/11$0.1017
10/27/11$0.1042
09/28/11$0.0498
08/29/11$0.1178
07/27/11$0.1485
06/28/11$0.1439
05/26/11$0.1363
04/27/11$0.1037
03/29/11$0.1353
02/24/11$0.0979
01/27/11$0.1199
2010
$1.375612/29/10$0.0983
11/26/10$0.0977
10/27/10$0.1072
09/28/10$0.1127
08/27/10$0.1119
07/28/10$0.1164
06/28/10$0.1263
05/26/10$0.1387
04/28/10$0.1209
03/29/10$0.1255
02/24/10$0.1100
01/27/10$0.1100
2009
$0.808812/29/09$0.1176
11/25/09$0.0829
10/28/09$0.0967
09/28/09$0.0678
08/27/09$0.0794
07/29/09$0.0745
06/26/09$0.0470
05/27/09$0.0502
04/28/09$0.0366
03/27/09$0.0296
02/25/09$0.0436
01/28/09$0.0829
2008
$2.391412/29/08$0.1104
11/25/08$0.1521
10/29/08$0.2309
09/26/08$0.2468
08/27/08$0.2790
07/29/08$0.2346
06/26/08$0.1980
05/28/08$0.2019
04/28/08$0.1777
03/27/08$0.1828
02/27/08$0.1930
01/29/08$0.1842
2007
$1.450812/27/07$0.1754
11/28/07$0.1700
10/29/07$0.1471
09/26/07$0.1411
08/29/07$0.1267
07/27/07$0.1169
06/27/07$0.0966
05/29/07$0.0964
04/26/07$0.0887
03/28/07$0.1001
02/26/07$0.0907
01/29/07$0.1012
2006
$1.409912/27/06$0.1102
11/28/06$0.0938
10/27/06$0.1102
09/27/06$0.1424
08/29/06$0.1262
07/27/06$0.1299
06/28/06$0.1056
05/26/06$0.0962
04/26/06$0.0952
03/29/06$0.1344
02/24/06$0.1237
01/27/06$0.1422
2005
$1.336012/28/05$0.1559
11/28/05$0.1495
10/27/05$0.1369
09/28/05$0.1307
08/29/05$0.1104
07/27/05$0.0998
06/28/05$0.1030
05/26/05$0.0923
04/27/05$0.0733
03/29/05$0.0859
02/24/05$0.0953
01/27/05$0.1030
2004
$0.955812/29/04$0.1165
11/26/04$0.0949
10/27/04$0.1115
09/28/04$0.0970
08/27/04$0.0733
07/28/04$0.0778
06/28/04$0.0633
05/26/04$0.0686
04/28/04$0.0592
03/29/04$0.0652
02/25/04$0.0639
01/28/04$0.0646
2003
$0.688912/29/03$0.0617
11/25/03$0.0609
10/29/03$0.0554
09/26/03$0.0690
08/27/03$0.0618
07/29/03$0.0542
06/26/03$0.0558
05/28/03$0.0706
04/28/03$0.0543
03/27/03$0.0562
02/26/03$0.0389
01/29/03$0.0501
2002
$0.502412/27/02$0.0509
11/26/02$0.0521
10/29/02$0.0522
09/26/02$0.0463
08/28/02$0.0510
07/29/02$0.0366
06/26/02$0.0405
05/29/02$0.0473
04/26/02$0.0307
03/26/02$0.0351
02/26/02$0.0281
01/29/02$0.0316
2001
$0.846712/27/01$0.0395
11/28/01$0.0615
10/29/01$0.0536
09/26/01$0.0484
08/29/01$0.0590
07/27/01$0.0723
06/27/01$0.0816
05/29/01$0.0803
04/26/01$0.0941
03/28/01$0.0921
02/26/01$0.0872
01/29/01$0.0771
2000
$0.762312/27/00$0.0656
11/28/00$0.0820
10/27/00$0.0867
09/27/00$0.0685
08/29/00$0.0717
07/27/00$0.0628
06/28/00$0.0630
05/26/00$0.0641
04/26/00$0.0636
03/29/00$0.0440
02/25/00$0.0455
01/27/00$0.0448
PBT Stock Splits
No stock splits
PBT SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
11/13/25 | 09/30/25 | 10-Q | |
08/13/25 | 06/30/25 | 10-Q | |
05/14/25 | 03/31/25 | 10-Q | |
03/14/25 | 12/31/24 | Unknown | |
11/12/24 | 09/30/24 | 10-Q | |
08/08/24 | 06/30/24 | 10-Q | |
05/09/24 | 03/31/24 | 10-Q | |
02/29/24 | 12/31/23 | 10-K | |
11/08/23 | 09/30/23 | 10-Q | |
08/09/23 | 06/30/23 | 10-Q | |
05/10/23 | 03/31/23 | 10-Q | |
03/01/23 | 12/31/22 | 10-K | |
11/14/22 | 09/30/22 | 10-Q | |
08/15/22 | 06/30/22 | 10-Q | |
05/16/22 | 03/31/22 | 10-Q | |
03/30/22 | 12/31/21 | 10-K | |
11/15/21 | 09/30/21 | 10-Q | |
08/16/21 | 06/30/21 | 10-Q | |
05/17/21 | 03/31/21 | 10-Q | |
03/31/21 | 12/31/20 | 10-K | |
11/09/20 | 09/30/20 | 10-Q | |
08/10/20 | 06/30/20 | 10-Q | |
05/11/20 | 03/31/20 | 10-Q | |
03/16/20 | 12/31/19 | 10-K | |
11/12/19 | 09/30/19 | 10-Q | |
08/10/20 | 06/30/19 | 10-Q/A | |
08/08/19 | 06/30/19 | 10-Q | |
05/08/19 | 03/31/19 | 10-Q | |
03/18/19 | 12/31/18 | 10-K | |
11/05/18 | 09/30/18 | 10-Q | |
08/09/18 | 06/30/18 | 10-Q | |
05/10/18 | 03/31/18 | 10-Q | |
03/15/18 | 12/31/17 | 10-K | |
11/07/17 | 09/30/17 | 10-Q | |
08/09/17 | 06/30/17 | 10-Q | |
05/05/17 | 03/31/17 | 10-Q | |
03/10/17 | 12/31/16 | 10-K | |
11/09/16 | 09/30/16 | 10-Q | |
08/04/16 | 06/30/16 | 10-Q | |
05/10/16 | 03/31/16 | 10-Q | |
03/15/16 | 12/31/15 | 10-K | |
11/09/15 | 09/30/15 | 10-Q | |
08/10/15 | 06/30/15 | 10-Q | |
05/11/15 | 03/31/15 | 10-Q | |
03/02/15 | 12/31/14 | 10-K | |
11/10/14 | 09/30/14 | 10-Q | |
08/08/14 | 06/30/14 | 10-Q | |
05/12/14 | 03/31/14 | 10-Q | |
03/03/14 | 12/31/13 | 10-K | |
11/04/13 | 09/30/13 | 10-Q | |
08/08/13 | 06/30/13 | 10-Q | |
05/10/13 | 03/31/13 | 10-Q | |
03/01/13 | 12/31/12 | 10-K | |
11/07/12 | 09/30/12 | 10-Q | |
08/08/12 | 06/30/12 | 10-Q | |
05/10/12 | 03/31/12 | 10-Q | |
03/02/12 | 12/31/11 | 10-K | |
11/09/11 | 09/30/11 | 10-Q | |
08/03/11 | 06/30/11 | 10-Q | |
05/09/11 | 03/31/11 | 10-Q | |
03/01/11 | 12/31/10 | 10-K | |
11/05/10 | 09/30/10 | 10-Q | |
08/04/10 | 06/30/10 | 10-Q | |
05/06/10 | 03/31/10 | 10-Q | |
03/01/10 | 12/31/09 | 10-K | |
11/02/09 | 09/30/09 | 10-Q | |
08/10/09 | 06/30/09 | 10-Q | |
05/01/09 | 03/31/09 | 10-Q | |
03/02/09 | 12/31/08 | 10-K | |
11/07/08 | 09/30/08 | 10-Q | |
08/08/08 | 06/30/08 | 10-Q | |
05/07/08 | 03/30/08 | Unknown | -- |
03/14/08 | 12/31/07 | 10-K | |
11/07/07 | 09/30/07 | 10-Q | |
08/08/07 | 06/30/07 | 10-Q | |
05/09/07 | 03/30/07 | Unknown | -- |
03/13/07 | 12/31/06 | 10-K | |
11/07/06 | 09/30/06 | 10-Q | |
08/08/06 | 06/30/06 | 10-Q | |
05/09/06 | 03/30/06 | Unknown | -- |
03/15/06 | 12/31/05 | 10-K | |
11/08/05 | 09/30/05 | 10-Q | |
08/09/05 | 06/30/05 | 10-Q | |
05/06/05 | 03/30/05 | Unknown | -- |
03/16/05 | 12/31/04 | 10-K | |
11/09/04 | 09/30/04 | 10-Q | |
08/06/04 | 06/30/04 | 10-Q | |
05/10/04 | 03/30/04 | Unknown | -- |
03/12/04 | 12/31/03 | 10-K | |
11/12/03 | 09/30/03 | 10-Q | |
08/14/03 | 06/30/03 | 10-Q | |
05/14/03 | 03/30/03 | Unknown | -- |
03/31/03 | 12/31/02 | 10-K | |
11/14/02 | 09/30/02 | 10-Q | |
08/14/02 | 06/30/02 | 10-Q | |
05/14/02 | 03/30/02 | Unknown | -- |
03/28/02 | 12/31/01 | 10-K405 | |
11/14/01 | 09/30/01 | 10-Q | |
08/10/01 | 06/30/01 | 10-Q | |
05/11/01 | 03/30/01 | Unknown | -- |
03/29/01 | 12/31/00 | 10-K405 | |
11/14/00 | 09/30/00 | 10-Q | |
08/11/00 | 06/30/00 | 10-Q | |
05/11/00 | 03/30/00 | Unknown | -- |