Permian Basin Royalty: 2Q Earnings Snapshot
DALLAS (AP) _ Permian Basin Royalty Trust (PBT) on Thursday reported second-quarter net income of $4.3 million.
On a per-share basis, the Dallas-based company said it had net income of 9 cents.
The owner of royalty interests in oil and gas properties posted revenue of $4.8 million in the period.
Permian Basin Royalty shares have dropped 15% since the beginning of the year. The stock has declined 45% in the last 12 months.