---
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"
generated_at: "2026-05-26T17:46:28.407818+00:00"
event_type: "dividend"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Permian Basin Royalty Trust declares $0.017144/unit distribution; Waddell Ranch excess costs persist

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: dividend
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-022075
- JSON: https://secwatch.observer/filing/0000950170-25-022075.json
- Plain text: https://secwatch.observer/filing/0000950170-25-022075.txt

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