{"filings":[{"id":1125676,"accession_number":"0001193125-26-275228","cik":319654,"company_name":"PERMIAN BASIN ROYALTY TRUST","ticker":"PBT","form_type":"8-K","filed_at":"2026-06-18T14:50:29+00:00","items":["2.02","9.01"],"status":"ready","headline":"Permian Basin Trust declares $0.024673/unit; SoftVest proposes business combination with Blackbeard Holdings","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Cash distribution of $0.024673/unit payable July 15, 2026 to holders of record June 30, 2026; no proceeds from Waddell Ranch due to excess costs.","Texas Royalty Properties contributed $1,285,932 to distribution; oil volumes 14,577 bbls at $88.42/bbl, gas 6,972 Mcf at $9.50/Mcf.","SoftVest and Blackbeard Holdings have preliminary non-binding term sheet for business combination forming New PubCo; Trustee not involved.","Proposed deal would require approval of majority of Trust unitholders; Trustee anticipates unitholder meeting."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":1297122739.6386387,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":513716,"accession_number":"0001193125-26-229945","cik":319654,"company_name":"PERMIAN BASIN ROYALTY TRUST","ticker":"PBT","form_type":"8-K","filed_at":"2026-05-19T14:46:23+00:00","items":["7.01","9.01"],"status":"ready","headline":"SoftVest proposes business combination of Permian Basin Royalty Trust with Blackbeard Holdings","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["SoftVest filed Schedule 13D on May 18, 2026, disclosing non-binding term sheet for combining Trust with Blackbeard.","New entity owned by unitholders and Blackbeard; would combine Trust assets with US Land Guild (66,500 acres, 15% royalty).","Trust and Trustee not involved in negotiations; unitholder approval likely needed under Indenture modified by court on May 8, 2026 at SoftVest's request.","Blackbeard to receive working interests (West Ranch, East Ranch) after conversion of Trust's net profits interests to 15% cost-free royalty."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":1297122739.6386387,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":489116,"accession_number":"0001193125-26-228381","cik":319654,"company_name":"PERMIAN BASIN ROYALTY TRUST","ticker":"PBT","form_type":"8-K","filed_at":"2026-05-18T15:59:04+00:00","items":["2.02","9.01"],"status":"ready","headline":"Permian Basin Royalty Trust declares $0.020355/unit distribution; Waddell Ranch in excess cost; court modifies indenture","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Cash distribution $0.020355/unit payable June 12, 2026 to holders of record May 29, 2026.","Waddell Ranch properties in excess cost position; no proceeds included for second consecutive month.","Texas Royalty Properties contributed $998,283; oil at $73.83/bbl, gas $9.23/Mcf.","Court approved SoftVest petition lowering amendment threshold from 75% to majority; eliminates prohibited amendment section.","Distribution decreased due to third settlement payment from Blackbeard ($1.125M) included in prior month."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":1297122739.6386387,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":97965,"accession_number":"0001193125-26-214698","cik":319654,"company_name":"PERMIAN BASIN ROYALTY TRUST","ticker":"PBT","form_type":"8-K","filed_at":"2026-05-08T23:59:59+00:00","items":["1.01","3.03","5.03","7.01","9.01"],"status":"ready","headline":"Court approves trust indenture amendments eliminating 75% supermajority requirement","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["On May 8, 2026, the 96th District Court of Tarrant County approved SoftVest's petition to modify the Trust Indenture.","Section 8.03 amended to remove the requirement for 75% unitholder approval for certain amendments.","Section 10.01 (prohibited amendments) deleted; Article X replaced to allow amendment by a majority in interest of unitholders at a meeting with a quorum."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":1297122739.6386387,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":97964,"accession_number":"0001193125-26-208639","cik":319654,"company_name":"PERMIAN BASIN ROYALTY TRUST","ticker":"PBT","form_type":"8-K","filed_at":"2026-05-06T23:59:59+00:00","items":["8.01","2.02","9.01"],"status":"ready","headline":"SoftVest seeks to amend Permian Basin Royalty Trust indenture; hearing on May 8 rescheduled to 9:30 a.m.","summary_kind":"llm","event_type":"litigation","confidence":"high","bullets":["SoftVest, L.P. filed petition to modify Trust Indenture: eliminate 75% approval requirement for amendments.","Seek to delete prohibited amendments article, allow amendments by majority vote of unitholders.","Hearing before 96th District Court of Tarrant County on May 8, 2026, moved to 9:30 a.m. CT.","Trust (PBT) is a Texas royalty trust; litigation could change governance structure."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":1297122739.6386387,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":97963,"accession_number":"0001193125-26-163168","cik":319654,"company_name":"PERMIAN BASIN ROYALTY TRUST","ticker":"PBT","form_type":"8-K","filed_at":"2026-04-20T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Permian Basin Royalty Trust declares April distribution of $0.038014/unit; SoftVest lawsuit hearing set May 8","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Monthly distribution of $0.038014 per unit, payable May 14, 2026 to unitholders of record April 30, 2026.","Distribution increased from prior month due to $1.125M Blackbeard settlement payment and higher Texas Royalty volumes/pricing.","Waddell Ranch properties remain in excess cost position; no proceeds included in April distribution.","SoftVest litigation seeks to amend trust indenture; bench trial hearing set for May 8, 2026 in Tarrant County District Court.","Texas Royalty net production: 12,437 bbl oil and 9,220 Mcf gas; average oil price $59.33/bbl, gas $6.31/Mcf."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":1297122739.6386387,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":113185,"accession_number":"0001193125-26-117074","cik":319654,"company_name":"PERMIAN BASIN ROYALTY TRUST","ticker":"PBT","form_type":"8-K","filed_at":"2026-03-20T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Permian Basin Royalty Trust Announces March Distribution of $0.010662 per Unit and SoftVest Petition to Modify Indenture","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Distribution of $0.010662 per unit payable April 14, 2026 to unitholders of record March 31, 2026.","No proceeds from Waddell Ranch properties due to excess costs; total production costs exceeded gross proceeds for February.","Texas Royalty Properties produced 15,009 bbls oil and 9,793 Mcf gas; average oil price $56.56/bbl and gas $6.02/Mcf.","SoftVest filed a petition to amend the trust indenture, seeking to lower amendment approval threshold from 75% to majority; hearing set for May 8, 2026.","Distribution decreased from prior month due to lower oil volumes and pricing, partially offset by higher natural gas pricing."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":1297122739.6386387,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":113184,"accession_number":"0001193125-26-053734","cik":319654,"company_name":"PERMIAN BASIN ROYALTY TRUST","ticker":"PBT","form_type":"8-K","filed_at":"2026-02-17T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Permian Basin Royalty Trust declares Feb distribution $0.014221/unit; Waddell excess cost; SoftVest suit","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Distribution of $0.014221/unit payable March 13, 2026 to holders of record Feb 27, 2026.","Distribution decreased MoM due to prior Blackbeard settlement payment, lower oil volumes and prices, partially offset by higher gas volumes.","Waddell Ranch properties remain in excess cost position; no proceeds included in Feb distribution.","SoftVest, L.P. filed suit to amend trust indenture, lowering amendment threshold from 75% to majority; hearing set May 8, 2026."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":1297122739.6386387,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":113183,"accession_number":"0001193125-26-044659","cik":319654,"company_name":"PERMIAN BASIN ROYALTY TRUST","ticker":"PBT","form_type":"8-K","filed_at":"2026-02-10T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Unitholder SoftVest files petition to amend PBT trust indenture; hearing set for May 8, 2026","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["SoftVest, owning 13.3% of PBT units, seeks to eliminate 75% supermajority vote requirement and allow amendments by majority vote.","Current trust indenture prohibits amendments that would alter trust purpose or permit new investments, limiting ability to address royalty structure.","Petition argues that drilling cost burdens on Waddell Ranch royalties have reduced distributions; no distributions since October 2024 despite rising revenues.","Court hearing on merits scheduled for May 8, 2026 in Tarrant County District Court; SoftVest claims 98.5% unitholder support for its proposal at December 2025 special meeting."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":1297122739.6386387,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":113182,"accession_number":"0001193125-26-016178","cik":319654,"company_name":"PERMIAN BASIN ROYALTY TRUST","ticker":"PBT","form_type":"8-K","filed_at":"2026-01-20T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Permian Basin Royalty Trust declares $0.040056/unit distribution; Waddell Ranch in excess cost; SoftVest petition filed","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["January distribution of $0.040056/unit payable Feb 13, 2026 to holders of record Jan 30, 2026.","No proceeds from Waddell Ranch properties for December; excess costs must be recovered before future distributions.","Texas Royalty Properties: 15,285 bbl oil ($59.18/bbl) and 7,401 Mcf gas ($8.49/Mcf) net to Trust for December.","SoftVest petition filed Dec 26, 2025 seeks to amend Trust indenture; preliminary hearing set Jan 28, 2026.","Distribution increased from prior month due to Blackbeard settlement payment and higher Texas Royalty oil volumes/gas prices."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":1297122739.6386387,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":129577,"accession_number":"0001193125-25-337227","cik":319654,"company_name":"PERMIAN BASIN ROYALTY TRUST","ticker":"PBT","form_type":"8-K","filed_at":"2025-12-30T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"SoftVest sues to modify Permian Basin Royalty Trust, seeking to eliminate supermajority vote","summary_kind":"llm","event_type":"litigation","confidence":"high","bullets":["SoftVest (13.3% unitholder) filed a petition on Dec 26, 2025 to amend Trust Indenture.","Seeks to remove 75% supermajority requirement for amendments and delete prohibited-amendment provisions.","At Dec 16, 2025 special meeting, 98.5% of votes cast (59.9% quorum) supported non-binding reformation proposal.","Petition cites modern drilling costs causing no Waddell Ranch distributions since Oct 2024 despite revenue rise.","Texas Property Code §112.054 invoked; modification would allow majority vote to amend Indenture."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":1297122739.6386387,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":129576,"accession_number":"0001193125-25-326104","cik":319654,"company_name":"PERMIAN BASIN ROYALTY TRUST","ticker":"PBT","form_type":"8-K","filed_at":"2025-12-19T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Permian Basin Royalty Trust declares $0.013198/unit December distribution; special meeting approves SoftVest proposal","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Cash distribution $0.013198/unit payable Jan 15, 2026 to holders of record Dec 31, 2025; decreased from prior month on lower oil volumes and pricing.","Texas Royalty Properties contributed $754,012; oil 11,957 bbls at $60.17/bbl, gas 10,456 Mcf at $8.32/Mcf.","Waddell Ranch properties remain in excess cost position; no proceeds received in November; future distributions require cost recovery.","At special meeting Dec 16, 2025, ~59.9% of outstanding units (98.5% of votes cast) approved non-binding proposal to amend Trust Indenture by simple majority; SoftVest intends judicial reformation."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":1297122739.6386387,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":129575,"accession_number":"0001193125-25-324783","cik":319654,"company_name":"PERMIAN BASIN ROYALTY TRUST","ticker":"PBT","form_type":"8-K","filed_at":"2025-12-18T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Permian Basin Royalty Trust unit holders approve non-binding proposal to seek judicial reformation of Trust Indenture","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["27.9M of 46.6M outstanding units voted; quorum established at special meeting on Dec 16, 2025.","Indenture Reformation Proposal passed with 27.5M For, 245,868 Against, 167,062 Abstain; no broker non-votes.","Non-binding proposal supports changing amendment approval to simple majority of votes cast.","SoftVest Advisors, who requested the meeting, informed Trustee it intends to seek judicial reformation of the Trust Indenture."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":1297122739.6386387,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":129574,"accession_number":"0001193125-25-284183","cik":319654,"company_name":"PERMIAN BASIN ROYALTY TRUST","ticker":"PBT","form_type":"8-K","filed_at":"2025-11-17T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Permian Basin Trust declares $0.019233/unit distribution, no Waddell proceeds; special meeting on Dec 16","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Cash distribution of $0.019233/unit payable Dec 12, 2025 to holders of record Nov 28, 2025.","No Waddell Ranch proceeds included; excess cost position continues as production costs exceeded gross proceeds.","Texas Royalty Properties contributed $925,270; oil avg $63.38/bbl, gas avg $7.10/Mcf (incl. NGL).","Special Meeting called by SoftVest set for Dec 16, 2025 to vote on indenture amendment proposal.","Distribution decreased due to lower gas volumes and lower oil/gas prices, partially offset by higher oil volumes."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":1297122739.6386387,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":129573,"accession_number":"0001193125-25-244585","cik":319654,"company_name":"PERMIAN BASIN ROYALTY TRUST","ticker":"PBT","form_type":"8-K","filed_at":"2025-10-21T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Permian Basin Royalty Trust declares $0.020021/unit October distribution; special meeting called by SoftVest on Dec 16","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Cash distribution of $0.020021 per unit, payable Nov 17 to holders of record Oct 31.","Distribution excluded Waddell Ranch due to excess costs; production costs exceeded gross proceeds for August.","Texas Royalty Properties contributed $972,969 to distribution (95% NPI on $1,024,178 net profit).","Special meeting called by SoftVest on Dec 16, 2025 to vote on amending Trust Indenture for easier amendments.","Distribution declined vs prior month due to absence of Blackbeard settlement payment included in prior month."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":1297122739.6386387,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":129572,"accession_number":"0001193125-25-240371","cik":319654,"company_name":"PERMIAN BASIN ROYALTY TRUST","ticker":"PBT","form_type":"8-K","filed_at":"2025-10-15T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"SoftVest-led >15% holders request Dec 16 special meeting to vote on Trust Indenture reform","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["SoftVest and holders owning >15% of units request special meeting on Dec 16, 2025; record date Nov 11, 2025.","Proposal: judicial reformation of Indenture so majority of units cast can approve any amendment.","Trustee intends to call the meeting; SoftVest to file proxy statement with SEC."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":1297122739.6386387,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":146150,"accession_number":"0001193125-25-208392","cik":319654,"company_name":"PERMIAN BASIN ROYALTY TRUST","ticker":"PBT","form_type":"8-K","filed_at":"2025-09-19T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Permian Basin Royalty Trust declares $0.115493/unit distribution, includes $4.5M from Blackbeard settlement","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Distribution of $0.115493/unit ($5.38M total) payable Oct 15, 2025 to holders of record Sept 30.","Includes first installment of $4.5M from $9M settlement with Blackbeard Operating LLC; remainder due quarterly in 2026.","No proceeds from Waddell Ranch properties in August; excess cost position continues until recovered.","Texas Royalty Properties contributed $934,159 net profit from 13,944 bbl oil at $65.76/bbl and 10,800 Mcf gas at $6.65/Mcf.","2024 Annual Report (10-K) filed; Blackbeard to provide quarterly reporting under settlement terms."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":1297122739.6386387,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":146149,"accession_number":"0000950170-25-110115","cik":319654,"company_name":"PERMIAN BASIN ROYALTY TRUST","ticker":"PBT","form_type":"8-K","filed_at":"2025-08-19T23:59:59+00:00","items":["1.01","8.01","9.01"],"status":"ready","headline":"Permian Basin Royalty Trust settles Blackbeard litigation for $9M, $4.5M due in 30 days","summary_kind":"llm","event_type":"litigation","confidence":"high","bullets":["Blackbeard will pay $9,000,000 total; $4.5M within 30 days, $1.125M quarterly in 2026.","Settlement resolves claims that Blackbeard underpaid royalties; trust sought over $9M in damages.","Overhead rate and pass-through charges for salt water disposal, gathering, and technical labor established.","Trust waived future claims for ordinary line loss but retains annual site audit rights.","Trustee expects improved predictability in future royalty calculation and reporting from operator."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":1297122739.6386387,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":146148,"accession_number":"0000950170-25-110012","cik":319654,"company_name":"PERMIAN BASIN ROYALTY TRUST","ticker":"PBT","form_type":"8-K","filed_at":"2025-08-19T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"PBT declares $0.0164/unit distribution; Waddell Ranch excess cost; operator Blackbeard sued for $9M+","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Cash distribution $0.016418/unit payable Sept 15, 2025 to holders of record Aug 29, 2025.","Waddell Ranch properties in excess cost position for July; no proceeds included in August distribution.","Texas Royalty Properties contributed $922,651: oil 14,645 bbls at $62.02/bbl, gas 8,742 Mcf at $7.53/Mcf.","Trustee's Second Amended Petition seeks >$9M in damages from Blackbeard for improper cost deductions; trial Nov 17, 2025.","Blackbeard refuses monthly data, will provide only quarterly; litigation ongoing."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":1297122739.6386387,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":146147,"accession_number":"0000950170-25-097090","cik":319654,"company_name":"PERMIAN BASIN ROYALTY TRUST","ticker":"PBT","form_type":"8-K","filed_at":"2025-07-21T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Permian Basin Royalty Trust declares $0.015311/unit distribution; operator dispute continues","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Distribution of $0.015311/unit payable Aug 14 to holders of record July 31; no Waddell Ranch proceeds included.","Waddell Ranch remains in excess cost position; operator Blackbeard refuses to provide monthly NPI data.","Trust litigation vs Blackbeard seeks >$9M in damages for improper cost deductions and underpaid royalties; trial set Nov 17, 2025.","Texas Royalty Properties contributed $901,654 to distribution; oil $68.37/bbl, gas $11.75/Mcf (incl. NGLs).","General & admin expenses net of interest $188,020; 46.6M units outstanding."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":1297122739.6386387,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":164467,"accession_number":"0000950170-25-088223","cik":319654,"company_name":"PERMIAN BASIN ROYALTY TRUST","ticker":"PBT","form_type":"8-K","filed_at":"2025-06-20T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Permian Basin Royalty Trust declares $0.012976/unit distribution; operator dispute continues","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["June distribution of $0.012976/unit, payable July 15, 2025; down from prior month due to lower gas volumes and oil pricing.","No proceeds from Waddell Ranch properties included; operator Blackbeard refused to provide monthly data for NPI calculation.","Trustee seeks over $9M in damages in litigation against Blackbeard for improper cost deductions and unpaid royalties; trial set Nov 17, 2025.","Texas Royalty Properties contributed $970,056 net profit; oil avg price $65.46/bbl, gas $9.48/Mcf.","Excess cost position continues on Waddell Ranch; Blackbeard now providing data quarterly, not monthly."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":1297122739.6386387,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":164466,"accession_number":"0000950170-25-077410","cik":319654,"company_name":"PERMIAN BASIN ROYALTY TRUST","ticker":"PBT","form_type":"8-K","filed_at":"2025-05-27T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Permian Basin Royalty Trust files amended lawsuit seeking >$9M in damages from Blackbeard Operating","summary_kind":"llm","event_type":"litigation","confidence":"high","bullets":["Second Amended Petition seeks more than $9 million for unpaid royalties from April 2020–Dec 2023.","Alleges Blackbeard improperly deducted overhead, labor, and saltwater disposal fees.","Trial set for November 17, 2025 in Tarrant County District Court.","Joint venture audit of 2024 production months underway; rights reserved for additional claims."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":1297122739.6386387,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":164465,"accession_number":"0000950170-25-074006","cik":319654,"company_name":"PERMIAN BASIN ROYALTY TRUST","ticker":"PBT","form_type":"8-K","filed_at":"2025-05-19T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Permian Basin Royalty Trust declares $0.018841/unit May distribution; no Waddell Ranch proceeds due to excess costs","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Distribution of $0.018841/unit payable June 13, 2025 to holders of record May 30, 2025, down from prior month due to lower Texas Royalty oil volumes and pricing.","Waddell Ranch properties in excess cost position again in April; operator Blackbeard refused to provide monthly NPI data, switching to quarterly reporting.","Trust litigation seeking >$25M in damages against Blackbeard for improper overhead charges; trial set for Nov 17, 2025 in Tarrant County.","Texas Royalty properties contributed $976,194 to distribution; oil averaged $68.39/bbl, gas $9.42/Mcf for allocated volumes of 13,619 bbls and 9,894 Mcf.","All excess costs must be recouped before any future Waddell Ranch proceeds flow to Trust; operator dispute continues."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":1297122739.6386387,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":164464,"accession_number":"0000950170-25-055106","cik":319654,"company_name":"PERMIAN BASIN ROYALTY TRUST","ticker":"PBT","form_type":"8-K","filed_at":"2025-04-17T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Permian Basin Royalty Trust declares $0.019615/unit distribution; no Waddell Ranch proceeds; litigation update","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Monthly cash distribution of $0.019615 per unit, payable May 14, 2025 to holders of record April 30, 2025.","Waddell Ranch contributed nothing; operator Blackbeard refused monthly data, and excess cost position continues.","Texas Royalty Properties contributed $1,143,639 from 15,292 bbl oil and 8,991 Mcf gas at avg $71.97/bbl and $11.54/Mcf.","Trust litigation seeks >$25M damages from Blackbeard for improper deductions; trial set for November 17, 2025.","G&A expenses net of interest were $229,374; total distribution $914,265 on 46,608,796 units outstanding."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":1297122739.6386387,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":182221,"accession_number":"0000950170-25-042993","cik":319654,"company_name":"PERMIAN BASIN ROYALTY TRUST","ticker":"PBT","form_type":"8-K","filed_at":"2025-03-21T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Permian Basin Royalty Trust declares $0.018047/unit monthly distribution; litigation update against operator Blackbeard","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Monthly cash distribution of $0.018047 per unit, payable April 14, 2025, to holders of record March 31, 2025.","No distribution from Waddell Ranch properties due to excess costs; operator Blackbeard refused monthly data.","Texas Royalty Properties contributed $1,081,481; oil prices averaged $70.81/bbl, gas $7.88/Mcf.","Trust litigation against Blackbeard seeks >$25M in damages; trial set for Nov 17, 2025, in Tarrant County.","Excess costs must be recovered before any Waddell distributions resume; Blackbeard now reporting quarterly."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":1297122739.6386387,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":182220,"accession_number":"0000950170-25-022075","cik":319654,"company_name":"PERMIAN BASIN ROYALTY TRUST","ticker":"PBT","form_type":"8-K","filed_at":"2025-02-18T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Permian Basin Royalty Trust declares $0.017144/unit distribution; Waddell Ranch excess costs persist","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Cash distribution of $0.017144/unit, payable March 14, 2025 to holders of record Feb 28, 2025; slight decrease from prior month due to lower oil volumes and gas pricing.","No Waddell Ranch proceeds included; production costs exceeded gross proceeds in January; operator Blackbeard still not providing monthly data.","Texas Royalty Properties contributed $941,074; oil price $68.37/bbl, gas $8.38/Mcf; allocated volumes 13,469 bbls oil, 8,774 Mcf gas.","Litigation vs Blackbeard ongoing; trial set Nov 17, 2025; amended petition seeks >$25M in damages for impermissible deductions.","G&A expenses net interest $141,988; total distribution $799,086 on 46,608,796 units."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":1297122739.6386387,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":182219,"accession_number":"0000950170-25-007022","cik":319654,"company_name":"PERMIAN BASIN ROYALTY TRUST","ticker":"PBT","form_type":"8-K","filed_at":"2025-01-21T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Permian Basin Trust distributes $0.02051/unit for Dec; Waddell excess costs continue; litigation seeks >$25M","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Distribution of $0.02051/unit payable Feb 14, 2025 to holders of record Jan 31, 2025, down slightly from prior month due to lower oil volumes and prices.","No proceeds from Waddell Ranch properties in December; excess cost position of $4.99M (net $3.74M) as of October must be recovered before future distributions.","Trustee's litigation against operator Blackbeard seeks >$25M damages; trial set Nov 17, 2025; discovery ongoing.","Texas Royalty Properties net profit $1.09M; Trust's 95% NPI contributed $1.03M to distribution; oil $67.69/bbl, gas $9.56/Mcf."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":1297122739.6386387,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":198851,"accession_number":"0000950170-24-138819","cik":319654,"company_name":"PERMIAN BASIN ROYALTY TRUST","ticker":"PBT","form_type":"8-K","filed_at":"2024-12-20T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Permian Basin Royalty Trust Declares December Distribution of $0.021939/Unit; Waddell Ranch in Excess Cost","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Cash distribution of $0.021939 per unit payable Jan 15, 2025 to holders of record Dec 31, 2024.","No proceeds from Waddell Ranch properties; excess costs $4,987,682 ($3,740,762 net to Trust) for October.","Operator Blackbeard refused information for December; litigation trial set Nov 17, 2025.","Texas Royalty Properties contributed $1,175,168 from 16,432 bbl oil and 6,315 Mcf gas at $70.83/bbl and $11.05/Mcf.","Trustee amended petition Sept 2024 seeking over $25 million damages from Blackbeard for improper expense deductions."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":1297122739.6386387,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":198850,"accession_number":"0000950170-24-127817","cik":319654,"company_name":"PERMIAN BASIN ROYALTY TRUST","ticker":"PBT","form_type":"8-K","filed_at":"2024-11-18T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Permian Basin Royalty Trust declares $0.021733/unit distribution, reports Waddell Ranch excess costs, litigation update.","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["November cash distribution of $0.021733 per unit to be paid Dec 13, 2024 to holders of record Nov 29, 2024.","No proceeds from Waddell Ranch for October due to excess costs of $4,987,682 on underlying properties.","Blackbeard refused to provide necessary NPI information; litigation continues with trial set for April 21, 2025.","Trustee amended lawsuit in September 2024 seeking over $25 million in damages related to alleged improper overhead charges."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":1297122739.6386387,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":198849,"accession_number":"0000950170-24-115939","cik":319654,"company_name":"PERMIAN BASIN ROYALTY TRUST","ticker":"PBT","form_type":"8-K","filed_at":"2024-10-21T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Permian Basin Royalty Trust Announces $0.029986 October Distribution, Lower Volumes and Ongoing Blackbeard Dispute","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Cash distribution of $0.029986 per unit payable Nov 15, 2024 to holders of record Oct 31, 2024; includes $267,781 from September Waddell Ranch proceeds.","Distribution decreased from prior month due to lower Waddell Ranch proceeds and lower oil volumes/prices, partially offset by higher gas volumes/prices.","Operator Blackbeard refused to provide NPI data for September 2024; Trustee lawsuit seeks over $25 million in damages; trial set for April 2025.","Texas Royalty Properties contributed $1,234,959 from 16,103 bbl oil at $77.19/bbl and 7,106 Mcf gas at $10.02/Mcf."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":1297122739.6386387,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":214893,"accession_number":"0000950170-24-108334","cik":319654,"company_name":"PERMIAN BASIN ROYALTY TRUST","ticker":"PBT","form_type":"8-K","filed_at":"2024-09-20T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Permian Basin Royalty Trust Sept distribution $0.050711/unit; operator Blackbeard refuses data, litigation escalates","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Distribution of $0.050711/unit payable Oct 15 to holders of record Sep 30; down from prior month due to lower Waddell Ranch proceeds.","Operator Blackbeard refused to provide September net profits interest data; proceeds may be delayed to October distribution.","Trustee amended lawsuit seeking >$25M in damages from Blackbeard for improper overhead and expense deductions; trial set Apr 21, 2025.","Texas Royalty Properties: 18,843 bbl oil and 6,337 Mcf gas at avg $79.03/bbl oil and $10.00/Mcf gas.","Trust's litigation began May 2024; Blackbeard filed counterclaim; parties in discovery; court date set."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":1297122739.6386387,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":214892,"accession_number":"0000950170-24-098915","cik":319654,"company_name":"PERMIAN BASIN ROYALTY TRUST","ticker":"PBT","form_type":"8-K","filed_at":"2024-08-20T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Permian Basin Trust declares $0.0519/unit distribution; Blackbeard withholds data, litigation ongoing","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Distribution of $0.051902/unit to holders of record Aug 30, payable Sept 16, 2024; down from prior month.","Blackbeard refused to provide Waddell Ranch NPI data; July proceeds of $1.51M included in Aug distribution.","Texas Royalty Properties: 14,513 bbl oil at $77.62/bbl, 5,101 Mcf gas at $11.27/Mcf (incl. NGL).","Trustee sues Blackbeard for >$15M in improper deductions; counterclaim filed; trial set Apr 21, 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":1297122739.6386387,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":214891,"accession_number":"0000950170-24-084842","cik":319654,"company_name":"PERMIAN BASIN ROYALTY TRUST","ticker":"PBT","form_type":"8-K","filed_at":"2024-07-19T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Permian Basin Royalty Trust declares July distribution of $0.070169/unit; operator dispute continues","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["July distribution of $0.070169/unit payable Aug 14, record July 31; slight decrease from prior month.","Waddell Ranch operator Blackbeard refused NPI info for July; June proceeds of $2.18M included instead.","Texas Royalty Properties: 14,033 bbls oil at $80.60/bbl; 5,905 Mcf gas at $10.48/Mcf.","Lawsuit against Blackbeard seeks >$15M in damages; trial set Apr 21, 2025; counterclaim filed.","G&A expense net of interest $40,792; total distribution $3.27M on 46.61M units."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":1297122739.6386387,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":234076,"accession_number":"0000950170-24-074090","cik":319654,"company_name":"PERMIAN BASIN ROYALTY TRUST","ticker":"PBT","form_type":"8-K","filed_at":"2024-06-17T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Permian Basin Royalty Trust declares $0.072743/unit June distribution, notes Blackbeard data refusal","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Cash distribution of $0.072743/unit payable July 15, 2024 to holders of record June 28, 2024.","Distribution includes $2,247,045 in May Waddell proceeds; no June Waddell data due to Blackbeard refusal.","Texas Royalty Properties: 14,339 bbls oil at $82.22/bbl, 6,173 Mcf gas at $10.63/Mcf net to Trust.","Trustee sues Blackbeard for >$15M in improper deductions; counterclaim filed; trial set April 21, 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":1297122739.6386387,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":234075,"accession_number":"0000950170-24-068313","cik":319654,"company_name":"PERMIAN BASIN ROYALTY TRUST","ticker":"PBT","form_type":"8-K","filed_at":"2024-06-04T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Permian Basin Royalty Trust receives $2.25M Waddell Ranch proceeds; updates lawsuit against operator for >$15M","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Received $2,247,045 in Waddell Ranch proceeds for inclusion in June 2024 distribution.","Operator Blackbeard did not provide supporting documentation on production or pricing.","Trustee filed lawsuit seeking >$15M in damages for improper overhead and expense deductions (2020-2022).","Alleged deductions include incorrect overhead charges, duplicate charges, and other ineligible expenses.","2023 Annual Report with Reserve Summary is available on Trust’s website."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":1297122739.6386387,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":234074,"accession_number":"0000950170-24-062500","cik":319654,"company_name":"PERMIAN BASIN ROYALTY TRUST","ticker":"PBT","form_type":"8-K","filed_at":"2024-05-20T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"PBT declares $0.020052/unit distribution, omits Waddell Ranch; sues Blackbeard for >$15M","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Cash distribution of $0.020052/unit, payable June 14, 2024 to holders of record May 31, 2024.","Waddell Ranch proceeds omitted because operator Blackbeard refused to provide NPI calculation data; may be included in June distribution.","Trustee filed lawsuit against Blackbeard on May 8, 2024 seeking >$15M in damages for improper overhead and expense deductions from 2020-2022.","Texas Royalty Properties: oil price $78.00/bbl, gas $11.16/Mcf; net production 14,569 bbls oil and 6,865 Mcf gas."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":1297122739.6386387,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":234073,"accession_number":"0000950170-24-056757","cik":319654,"company_name":"PERMIAN BASIN ROYALTY TRUST","ticker":"PBT","form_type":"8-K","filed_at":"2024-05-09T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Permian Basin Royalty Trust sues Blackbeard Operating for $15M+ in improper royalty deductions","summary_kind":"llm","event_type":"litigation","confidence":"high","bullets":["Trustee filed suit in Tarrant County, TX, seeking over $15M for impermissible overhead and expense deductions from 75% royalty on Waddell Ranch properties.","Alleged improper charges include duplicate costs, overhead on non-producing wells, and ineligible expenses per the 1980 Net Overriding Royalty Conveyance.","Audit of 2020-2022 period identified exceptions; attempts to resolve outside court were unsuccessful.","Blackbeard is successor operator; the trust holds a 75% net overriding royalty in the subject properties."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":1297122739.6386387,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":234072,"accession_number":"0000950170-24-046008","cik":319654,"company_name":"PERMIAN BASIN ROYALTY TRUST","ticker":"PBT","form_type":"8-K","filed_at":"2024-04-19T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Permian Basin Royalty Trust declares $0.088214/unit monthly distribution, up from prior month","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Distribution of $0.088214 per unit payable May 14, 2024 to record date April 30, 2024.","Increase driven by lower capital costs and higher oil prices, partly offset by lower production.","Waddell Ranch NPI contributed after CAPEX; warns future distributions at risk if pricing declines.","Lawsuit against Blackbeard dismissed without prejudice; dispute remains unresolved."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":1297122739.6386387,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":252019,"accession_number":"0001193125-24-070971","cik":319654,"company_name":"PERMIAN BASIN ROYALTY TRUST","ticker":"PBT","form_type":"8-K","filed_at":"2024-03-19T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Permian Basin Royalty Trust March distribution $0.04134/unit, down 9% from Feb; corrects prior error","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Distribution of $0.04134/unit payable Apr 12, down from $0.04546 in Feb (decrease of $0.00412/unit or 9%).","Waddell Ranch oil 253,653 bbls at $72.45/bbl; gas 847,835 Mcf (corrected to include plant products) at $2.38/Mcf; NPI $1.1M.","Texas Royalty oil 16,538 bbls at $71.75/bbl; gas 5,430 Mcf at $11.68/Mcf; NPI $1.06M.","Lawsuit vs Blackbeard dismissed without prejudice on Mar 5; dispute unresolved.","Preliminary 2024 capex budget $301M gross ($106M net); 7% incurred in Jan."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.62,"calibrated_materiality_score":0.62,"market_cap_usd":1297122739.6386387,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":252018,"accession_number":"0001193125-24-038584","cik":319654,"company_name":"PERMIAN BASIN ROYALTY TRUST","ticker":"PBT","form_type":"8-K","filed_at":"2024-02-16T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Permian Basin Royalty Trust declares $0.04546/unit distribution; sues Blackbeard for >$15M","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Cash distribution of $0.045460 per unit, payable Mar 14, 2024 to holders of record Feb 29, 2024.","Waddell Ranch: oil 252,265 bbls at $70.25, gas 861,361 Mcf at $0.93; CAPEX $9.6M gross.","Texas Royalty: oil 17,227 bbls at $73.43, gas 9,520 Mcf at $7.93; NPI contributed $1.13M.","Trust filed lawsuit against Blackbeard Operating seeking >$15M in damages for alleged royalty underpayment.","Management warns if oil/gas pricing continues or declines, Waddell Ranch may not sustain future distributions."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":1297122739.6386387,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":252017,"accession_number":"0001193125-24-011344","cik":319654,"company_name":"PERMIAN BASIN ROYALTY TRUST","ticker":"PBT","form_type":"8-K","filed_at":"2024-01-19T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"PBT declares $0.031031/unit distribution, down; sues Blackbeard for $15M+; warns of future risk","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Cash distribution of $0.031031/unit, payable Feb 14, 2024, down from prior month due to lower production/pricing and higher CAPEX.","Waddell Ranch contributed $308,458 net; Texas Royalties contributed $1,204,095 net.","Trustee filed lawsuit on Dec 18, 2023 against Blackbeard Operating seeking >$15M in damages for underpaid royalties.","Warning: if oil/gas pricing continues or declines, Waddell Ranch may not be able to contribute to future distributions.","Tax info packets expected early March 2024; 2023 tax booklet on website by Feb 29."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":1297122739.6386387,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":269552,"accession_number":"0001193125-23-303459","cik":319654,"company_name":"PERMIAN BASIN ROYALTY TRUST","ticker":"PBT","form_type":"8-K","filed_at":"2023-12-27T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"Permian Basin Royalty Trust sues operator Blackbeard for $15M+ in improper royalty deductions","summary_kind":"llm","event_type":"litigation","confidence":"high","bullets":["Trustee filed complaint in Northern District of Texas against Blackbeard Operating LLC.","Seeks more than $15 million in damages for alleged impermissible overhead and expense deductions.","Trust holds a 75% net overriding royalty in Waddell Ranch properties in Crane County, Texas.","Lawsuit claims deductions improperly reduced royalty payments to the Trust."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":1297122739.6386387,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":269551,"accession_number":"0001193125-23-297599","cik":319654,"company_name":"PERMIAN BASIN ROYALTY TRUST","ticker":"PBT","form_type":"8-K","filed_at":"2023-12-18T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Permian Basin Royalty Trust declares $0.106232/unit distribution, down on higher costs","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Distribution of $0.106232/unit payable Jan 16, 2024 to holders of record Dec 29, 2023; decreased from prior month.","Waddell Ranch Oct production: oil 268,044 bbls at $84.60/bbl, gas 886,479 Mcf at $1.41/Mcf; NPI contributed $3.68M net.","Texas Royalties Oct production: oil 14,833 bbls at $86.51/bbl, gas 18,418 Mcf at $4.25/Mcf; contributed $1.296M.","Distribution declined due to ad valorem tax true-up on Waddell Ranch; higher volumes partially offset.","Trust warns that if current pricing continues, Waddell Ranch may not sustain future distributions given CAPEX budget."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":1297122739.6386387,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":269550,"accession_number":"0001193125-23-279756","cik":319654,"company_name":"PERMIAN BASIN ROYALTY TRUST","ticker":"PBT","form_type":"8-K","filed_at":"2023-11-17T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"PBT declares $0.157171/unit monthly distribution, up from prior month on higher prices and lower CAPEX","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Distribution of $0.157171 per unit payable Dec 14, 2023 to holders of record Nov 30, 2023.","Waddell Ranch oil price $88.56/bbl (241,017 bbls gross); gas $3.86/Mcf (804,845 Mcf gross); net NPI contribution $6,085,713.","Texas Royalties contributed $1,292,683 with oil at $85.37/bbl and gas at $3.99/Mcf (including NGL).","Waddell Ranch: 72% of projected $96.8M 2023 CAPEX incurred; trust warns future contributions uncertain if pricing does not hold.","G&A expenses of $60,310 deducted; total distribution $7,325,594 on 46,608,796 units."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":1297122739.6386387,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":269549,"accession_number":"0001193125-23-259950","cik":319654,"company_name":"PERMIAN BASIN ROYALTY TRUST","ticker":"PBT","form_type":"8-K","filed_at":"2023-10-20T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Permian Basin Royalty Trust announces Oct cash distribution of $0.042862 per unit, payable Nov 14","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Distribution of $0.042862/unit increased from prior month due to higher oil production and pricing on Texas Royalty Properties and Blackbeard distribution on Waddell Ranch.","Waddell Ranch contributed $716,640 after covering cumulative deficit; August production: oil 255,999 bbls at $80.03, gas 859,953 Mcf at $1.79.","Texas Royalties contributed $1,323,092; allocated volumes: 17,052 bbls oil at $77.79, 20,733 Mcf gas at $4.16.","2023 CAPEX budget for Waddell estimated $96.8M net to Trust, ~67% incurred; continued CAPEX may impact future distributions if pricing persists.","Distribution total $1,997,757 on 46,608,796 units outstanding."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":1297122739.6386387,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":286537,"accession_number":"0001193125-23-237577","cik":319654,"company_name":"PERMIAN BASIN ROYALTY TRUST","ticker":"PBT","form_type":"8-K","filed_at":"2023-09-19T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Permian Basin Royalty Trust declares $0.022414/unit Sept distribution; Waddell Ranch fails to contribute","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Distribution of $0.022414/unit payable Oct 16, 2023 to record holders Sep 29, 2023.","Waddell Ranch properties did not contribute; high CAPEX ($12.8M gross) offset net profit.","Texas Royalties contributed $1,077,970; oil at $72.23/bbl, gas at $3.88/Mcf.","Cumulative deficit for Waddell Ranch widened to $(213,227).","Trust warns future Waddell Ranch contributions uncertain if pricing and CAPEX trends continue."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":1297122739.6386387,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":286536,"accession_number":"0001193125-23-216874","cik":319654,"company_name":"PERMIAN BASIN ROYALTY TRUST","ticker":"PBT","form_type":"8-K","filed_at":"2023-08-21T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Permian Basin Royalty Trust declares $0.024535/unit monthly distribution; Texas Royalties drive increase","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Declares $0.024535/unit distribution, payable Sep 15, 2023 to holders of record Aug 31, 2023.","Texas Royalties contributed $1,208,703 on 19,131 bbl oil ($69.48/bbl) and 23,417 Mcf gas ($3.53/Mcf).","Waddell Ranch did not contribute; cumulative deficit of $(1,762,025) as of June 2023.","Waddell Ranch CAPEX $10.1M for June; 2023 budget $96.8M net to trust, 42% incurred.","Management warns Waddell Ranch may not contribute to future distributions if current pricing continues."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":1297122739.6386387,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":286535,"accession_number":"0001193125-23-191309","cik":319654,"company_name":"PERMIAN BASIN ROYALTY TRUST","ticker":"PBT","form_type":"8-K","filed_at":"2023-07-21T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Permian Basin Royalty Trust declares $0.021749/unit distribution; Waddell Ranch NPI negative","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["July distribution $0.021749/unit, payable Aug 14 to holders of record July 31; down from prior month on lower oil/gas prices.","Waddell Ranch net profit interest negative $(2.78M) for May due to $13.3M capex and $6.1M lease expenses; no contribution.","Trust warns if current pricing persists, Waddell Ranch may not support future distributions.","2023 capex budget for Waddell Ranch $96.8M net to trust; 42% incurred; 30.75 new drills, 45 recompletions planned.","Texas Royalties contributed $1.03M net; oil $73.01/bbl, gas $5.79/Mcf for May production."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":1297122739.6386387,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":306450,"accession_number":"0001193125-23-170057","cik":319654,"company_name":"PERMIAN BASIN ROYALTY TRUST","ticker":"PBT","form_type":"8-K","filed_at":"2023-06-20T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Permian Basin Royalty Trust declares June cash distribution of $0.052371 per unit","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Distribution of $0.052371 per unit payable July 17, 2023 to holders of record June 30, 2023.","Waddell Ranch April oil production 221,817 bbls at $77.35/bbl; gas 722,843 Mcf at $0.41/Mcf.","Waddell Ranch CAPEX of $11.2M in April, with 2023 budget of $96.8M net to Trust.","Texas Royalties contributed $1,188,541 to distribution from April production.","Reserve report estimates 11.6M bbls oil and 25.7Bcf gas remaining, life span of 15 years."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":1297122739.6386387,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":306449,"accession_number":"0001193125-23-149133","cik":319654,"company_name":"PERMIAN BASIN ROYALTY TRUST","ticker":"PBT","form_type":"8-K","filed_at":"2023-05-19T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Permian Basin Royalty Trust declares $0.044388/unit May distribution (up MoM)","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["May cash distribution of $0.044388/unit, payable June 14, 2023 to holders of record May 31.","Waddell Ranch oil production 242,702 bbl at $71.07/bbl; gas 807,905 Mcf at $1.35/Mcf (March).","Texas Royalties contributed $1.12M to distribution; oil at $72.21/bbl, gas at $4.42/Mcf.","2023 capex budget revised to $96.8M net to Trust, with ~30.75 new drills and 45 recompletions.","Estimated remaining life of Trust: ~15 years based on Jan 1, 2023 reserve report."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":1297122739.6386387,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":"2023-05-19T23:59:59+00:00|306449"}