{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-25-097090","form_type":"8-K","ticker":"PBT","cik":"0000319654","company_name":"PERMIAN BASIN ROYALTY TRUST","filed_at":"2025-07-21T23:59:59+00:00","discovered_at":"2026-05-14T18:02:46.043433+00:00","generated_at":"2026-05-18T05:23:09.525893+00:00","sec_items":["2.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Permian Basin Royalty Trust declares $0.015311/unit distribution; operator dispute continues","bullets":["Distribution of $0.015311/unit payable Aug 14 to holders of record July 31; no Waddell Ranch proceeds included.","Waddell Ranch remains in excess cost position; operator Blackbeard refuses to provide monthly NPI data.","Trust litigation vs Blackbeard seeks >$9M in damages for improper cost deductions and underpaid royalties; trial set Nov 17, 2025.","Texas Royalty Properties contributed $901,654 to distribution; oil $68.37/bbl, gas $11.75/Mcf (incl. NGLs).","General & admin expenses net of interest $188,020; 46.6M units outstanding."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-25-097090","json":"https://secwatch.observer/filing/0000950170-25-097090.json","markdown":"https://secwatch.observer/filing/0000950170-25-097090.md","text":"https://secwatch.observer/filing/0000950170-25-097090.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/319654/000095017025097090/0000950170-25-097090-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/319654/000095017025097090/2025-07_permian_basin_8-.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T05:23:09.525893+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"}