{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-25-042993","form_type":"8-K","ticker":"PBT","cik":"0000319654","company_name":"PERMIAN BASIN ROYALTY TRUST","filed_at":"2025-03-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:05.954211+00:00","generated_at":"2026-05-24T09:25:06.424387+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 $0.018047/unit monthly distribution; litigation update against operator Blackbeard","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."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-25-042993","json":"https://secwatch.observer/filing/0000950170-25-042993.json","markdown":"https://secwatch.observer/filing/0000950170-25-042993.md","text":"https://secwatch.observer/filing/0000950170-25-042993.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/319654/000095017025042993/0000950170-25-042993-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/319654/000095017025042993/2025-03_permian_basin_8-.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T09:25:06.424387+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"}