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Permian Basin ( (PBT) ) just unveiled an update.
On December 16, 2025, Permian Basin Royalty Trust held a special meeting of unitholders in Fort Worth, Texas, where a quorum was established with 27,938,688 of 46,608,796 outstanding units represented. Unitholders overwhelmingly approved a non-binding proposal requesting that SoftVest Advisors or another appropriate party pursue judicial reformation of the trust indenture to allow future amendments to be approved by a simple majority of votes cast at duly constituted special meetings, and also approved a related proposal to adjourn the meeting if needed to solicit additional proxies. Although the reformation proposal is not binding on the trust, SoftVest Advisors has notified the trustee that it intends to move forward with seeking such judicial modification, signaling a potential shift in the trust’s governance framework that could make future changes to the indenture easier to implement and increase the influence of active unitholders in shaping the trust’s direction.
More about Permian Basin
Permian Basin Royalty Trust is a U.S. royalty trust that holds overriding royalty interests in oil and gas properties, distributing the resulting income to its unitholders. The trust structure makes unitholder governance and the terms of its trust indenture central to how its operations and distributions are managed and potentially modified over time.
Average Trading Volume: 99,831
Technical Sentiment Signal: Buy
Current Market Cap: $770.4M
See more data about PBT stock on TipRanks’ Stock Analysis page.