---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-127817"
form_type: "8-K"
ticker: "PBT"
cik: "0000319654"
company_name: "PERMIAN BASIN ROYALTY TRUST"
filed_at: "2024-11-18T23:59:59+00:00"
generated_at: "2026-05-29T23:22:50.171583+00:00"
event_type: "dividend"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Permian Basin Royalty Trust declares $0.021733/unit distribution, reports Waddell Ranch excess costs, litigation update.

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-24-127817
- form_type: 8-K
- ticker: PBT
- cik: 0000319654
- company_name: PERMIAN BASIN ROYALTY TRUST
- filed_at: 2024-11-18T23:59:59+00:00
- event_type: dividend
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/319654/000095017024127817/0000950170-24-127817-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/319654/000095017024127817/2024-11_permian_8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-127817
- JSON: https://secwatch.observer/filing/0000950170-24-127817.json
- Plain text: https://secwatch.observer/filing/0000950170-24-127817.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.