{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-25-088223","form_type":"8-K","ticker":"PBT","cik":"0000319654","company_name":"PERMIAN BASIN ROYALTY TRUST","filed_at":"2025-06-20T23:59:59+00:00","discovered_at":"2026-05-14T18:02:50.930235+00:00","generated_at":"2026-05-19T02:06:33.946907+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 $0.012976/unit distribution; operator dispute continues","bullets":["June distribution of $0.012976/unit, payable July 15, 2025; down from prior month due to lower gas volumes and oil pricing.","No proceeds from Waddell Ranch properties included; operator Blackbeard refused to provide monthly data for NPI calculation.","Trustee seeks over $9M in damages in litigation against Blackbeard for improper cost deductions and unpaid royalties; trial set Nov 17, 2025.","Texas Royalty Properties contributed $970,056 net profit; oil avg price $65.46/bbl, gas $9.48/Mcf.","Excess cost position continues on Waddell Ranch; Blackbeard now providing data quarterly, not monthly."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-25-088223","json":"https://secwatch.observer/filing/0000950170-25-088223.json","markdown":"https://secwatch.observer/filing/0000950170-25-088223.md","text":"https://secwatch.observer/filing/0000950170-25-088223.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/319654/000095017025088223/0000950170-25-088223-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/319654/000095017025088223/2025-06_permian_basin_8-.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-19T02:06:33.946907+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"}