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Permian Basin Royalty: 2Q Earnings Snapshot

August 9, 2019

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.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PBT at https://www.zacks.com/ap/PBT

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