{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-25-110012","form_type":"8-K","ticker":"PBT","cik":"0000319654","company_name":"PERMIAN BASIN ROYALTY TRUST","filed_at":"2025-08-19T23:59:59+00:00","discovered_at":"2026-05-14T18:02:46.043632+00:00","generated_at":"2026-05-17T11:37:35.954081+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":"PBT declares $0.0164/unit distribution; Waddell Ranch excess cost; operator Blackbeard sued for $9M+","bullets":["Cash distribution $0.016418/unit payable Sept 15, 2025 to holders of record Aug 29, 2025.","Waddell Ranch properties in excess cost position for July; no proceeds included in August distribution.","Texas Royalty Properties contributed $922,651: oil 14,645 bbls at $62.02/bbl, gas 8,742 Mcf at $7.53/Mcf.","Trustee's Second Amended Petition seeks >$9M in damages from Blackbeard for improper cost deductions; trial Nov 17, 2025.","Blackbeard refuses monthly data, will provide only quarterly; litigation ongoing."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-25-110012","json":"https://secwatch.observer/filing/0000950170-25-110012.json","markdown":"https://secwatch.observer/filing/0000950170-25-110012.md","text":"https://secwatch.observer/filing/0000950170-25-110012.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/319654/000095017025110012/0000950170-25-110012-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/319654/000095017025110012/2025-08_permian_basin_8-.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T11:37:35.954081+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"}