{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-25-022075","form_type":"8-K","ticker":"PBT","cik":"0000319654","company_name":"PERMIAN BASIN ROYALTY TRUST","filed_at":"2025-02-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:05.954006+00:00","generated_at":"2026-05-26T17:46:28.407818+00:00","sec_items":["2.02","9.01"],"event_type":"dividend","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Permian Basin Royalty Trust declares $0.017144/unit distribution; Waddell Ranch excess costs persist","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."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-25-022075","json":"https://secwatch.observer/filing/0000950170-25-022075.json","markdown":"https://secwatch.observer/filing/0000950170-25-022075.md","text":"https://secwatch.observer/filing/0000950170-25-022075.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/319654/000095017025022075/0000950170-25-022075-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/319654/000095017025022075/2025-02_permian_basin_8-.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-26T17:46:28.407818+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}