Permian Basin Royalty Trust Overview
Pro stress-test →Permian Basin Royalty Trust is an express trust that holds mineral and royalty interests in mature producing oil and gas fields. The trust generates distributions from oil and gas production royalties in the Permian Basin, with its primary asset being the Waddell Ranch properties.
Strategic Profile
Pro stress-test →The trust's market cap has surged despite falling oil prices and Waddell Ranch's cost surplus, which prevents royalty income from its main asset. Valuation appears stretched, trading at a premium P/E and offering a yield only in line with the S&P 500, below sector averages.
Competitive Landscape
Pro stress-test →Investors comparing PBT often look at related companies in the same sector, including Sabine Royalty (SBR), Teekay Corporation Ltd (TK), NGL Energy Partners LP (NGL), Nordic American Tankers (NAT), and Tsakos Energy (TEN). These represent competing income-focused energy and maritime assets in the broader oil royalty and midstream space.
Industry Context
Permian Basin Royalty Trust operates in Oil and gas royalty trusts.
Key facts
Founded: 1980 · Headquarters: Dallas, US · Employees: 1 · Revenue: Not disclosed (royalty trust structure) · Market cap: $1.26B