Permian Basin Royalty Trust (PBT) on Friday reported net income of $2.4 million in its fourth quarter.
DALLAS(AP) — DALLAS (AP) — Permian Basin Royalty Trust (PBT) on Friday reported net income of $2.4 million in its fourth quarter.
On a per-share basis, the Dallas-based company said it had profit of 6 cents.
The owner of royalty interests in oil and gas properties posted revenue of $2.6 million in the period.
For the year, the company reported profit of $14.3 million, or 31 cents per share. Revenue was reported as $16.1 million.
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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