Dallas – September 19, 2026 -- Argent Trust Company, as Trustee of the Permian Basin Royalty Trust (NYSE: PBT), declared a cash distribution of $0.019593 per unit, payable October 15, 2026, to unitholders of record September 30, 2026. The payout excludes any proceeds from the Waddell Ranch properties after production costs exceeded gross proceeds in August, extending a continuing excess cost position on those assets.