---
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"
generated_at: "2026-05-24T09:25:06.424387+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 $0.018047/unit monthly distribution; litigation update against operator Blackbeard

## Summary
- 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.

## SEC filing metadata
- 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
- 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/319654/000095017025042993/0000950170-25-042993-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/319654/000095017025042993/2025-03_permian_basin_8-.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-042993
- JSON: https://secwatch.observer/filing/0000950170-25-042993.json
- Plain text: https://secwatch.observer/filing/0000950170-25-042993.txt

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