Permian Basin Royalty Trust (PBT) AI Stock Analysis

Permian Basin Royalty Trust holds overriding royalty interests in oil and gas properties across the United States. Its primary assets comprise a 75% net overriding royalty interest in the Waddell Ranch properties situated in Crane County, Texas, which included 268 net productive oil wells, 38 net productive gas wells, and 50 net injection wells as of December 31, 2021. The trust also holds a 95% net overriding royalty interest in the Texas Royalty properties, covering approximately 125 separate royalty interests over roughly 51,000 net producing acres across 33 Texas counties. Founded in 1980 and based in Dallas, Texas, the trust focuses on managing these royalty interests.

From FY2021 to FY2025, revenue fluctuated substantially, peaking at $54.5M in FY2022 before dropping 46.6% to $29.1M in FY2023 and declining 40.5% to $16.1M in FY2025. Over the five-year period from FY2020 to FY2025, revenue grew at a compound annual growth rate of 6.0%. Net income moved from $10.7M in FY2021 to $53.5M in FY2022, then declined to $14.3M in FY2025, yielding diluted earnings per share of $0.31. Operating margins remained elevated, ending FY2025 at 88.7%. For the latest quarter ended June 30, 2026, quarterly revenue grew 34.4% year-over-year, while quarterly earnings expanded 61.5% year-over-year, supporting trailing twelve months earnings per share of $0.35.

As of June 30, 2026, the trust held $2.2M in cash and short-term investments, total assets of $2.4M, and shareholders' equity of $161,721. Its current ratio stood at 1.96. In FY2025, operating cash flow was $14.3M, following negative operating cash flows of -$58.0M in FY2023 and -$73.3M in FY2022. Cash distributions to unitholders totaled $14.3M in dividends paid during FY2025, while the trust's share count remained flat with 0.0% change over five years.

Permian Basin Royalty Trust trades at a trailing price-to-earnings ratio of 94.7x, compared to the median of 15.0x for its US-listed Energy peers. Its forward price-to-earnings ratio is 10.7x, below the peer group median of 12.7x. The trust's enterprise value-to-sales multiple is 87.0x and its enterprise value-to-EBITDA ratio is 95.1x, compared to peer medians of 1.8x price-to-sales and 8.0x enterprise value-to-EBITDA. Over the past year, the stock returned 95.6%, outpacing the S&P 500 ETF (SPY) return of 16.8%, and gained 539.2% over five years versus 83.0% for the index benchmark.

Permian Basin Royalty Trust pays a monthly dividend with an annualized forward rate of $0.24 per unit, resulting in a dividend yield of 0.71%. The payout ratio is 31.3%, and dividends have been paid for 43 consecutive years. Over the trailing five years, dividend distributions increased at an annualized rate of 6.8%, with the last ex-dividend date on September 30, 2026.

Analysts have set a mean price target of $13.00, which sits 60.8% below the last closing price of $33.14 on October 16, 2026. The trust recorded 4 earnings per share beats out of the last 4 quarters. The next earnings release date is scheduled for November 12, 2026.

This page is an AI-written research summary of Permian Basin Royalty Trust (PBT). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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