{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-25-055106","form_type":"8-K","ticker":"PBT","cik":"0000319654","company_name":"PERMIAN BASIN ROYALTY TRUST","filed_at":"2025-04-17T23:59:59+00:00","discovered_at":"2026-05-14T18:02:50.929716+00:00","generated_at":"2026-05-23T12:30:56.790610+00:00","sec_items":["2.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Permian Basin Royalty Trust declares $0.019615/unit distribution; no Waddell Ranch proceeds; litigation update","bullets":["Monthly cash distribution of $0.019615 per unit, payable May 14, 2025 to holders of record April 30, 2025.","Waddell Ranch contributed nothing; operator Blackbeard refused monthly data, and excess cost position continues.","Texas Royalty Properties contributed $1,143,639 from 15,292 bbl oil and 8,991 Mcf gas at avg $71.97/bbl and $11.54/Mcf.","Trust litigation seeks >$25M damages from Blackbeard for improper deductions; trial set for November 17, 2025.","G&A expenses net of interest were $229,374; total distribution $914,265 on 46,608,796 units outstanding."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-25-055106","json":"https://secwatch.observer/filing/0000950170-25-055106.json","markdown":"https://secwatch.observer/filing/0000950170-25-055106.md","text":"https://secwatch.observer/filing/0000950170-25-055106.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/319654/000095017025055106/0000950170-25-055106-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/319654/000095017025055106/2025-04_permian_basin_8-.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T12:30:56.790610+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"}