{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-191309","form_type":"8-K","ticker":"PBT","cik":"0000319654","company_name":"PERMIAN BASIN ROYALTY TRUST","filed_at":"2023-07-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.253247+00:00","generated_at":"2026-06-13T05:12:10.946586+00:00","sec_items":["2.02","9.01"],"event_type":"dividend","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Permian Basin Royalty Trust declares $0.021749/unit distribution; Waddell Ranch NPI negative","bullets":["July distribution $0.021749/unit, payable Aug 14 to holders of record July 31; down from prior month on lower oil/gas prices.","Waddell Ranch net profit interest negative $(2.78M) for May due to $13.3M capex and $6.1M lease expenses; no contribution.","Trust warns if current pricing persists, Waddell Ranch may not support future distributions.","2023 capex budget for Waddell Ranch $96.8M net to trust; 42% incurred; 30.75 new drills, 45 recompletions planned.","Texas Royalties contributed $1.03M net; oil $73.01/bbl, gas $5.79/Mcf for May production."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-191309","json":"https://secwatch.observer/filing/0001193125-23-191309.json","markdown":"https://secwatch.observer/filing/0001193125-23-191309.md","text":"https://secwatch.observer/filing/0001193125-23-191309.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/319654/000119312523191309/0001193125-23-191309-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/319654/000119312523191309/d444572d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T05:12:10.946586+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":[{"claim_id":"63356c2f5ab6371e6f5356d99e1871acb86ba94e","claim":"PERMIAN BASIN ROYALTY TRUST reported May 2023 results: net income $1,013,732, EPS $0.021749 per unit.","evidence_excerpt":"General and Administrative Expenses deducted for the month were $25,445 resulting in a distribution of $1,013,732 to 46,608,796 units outstanding, or $0.021749 per unit.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/319654/000119312523191309/0001193125-23-191309-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"May 2023"},{"label":"Net income","value":"$1,013,732"},{"label":"EPS","value":"$0.021749 per unit"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}