---
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"
generated_at: "2026-06-13T05:12:10.946586+00:00"
event_type: "dividend"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Permian Basin Royalty Trust declares $0.021749/unit distribution; Waddell Ranch NPI negative

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: dividend
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-191309
- JSON: https://secwatch.observer/filing/0001193125-23-191309.json
- Plain text: https://secwatch.observer/filing/0001193125-23-191309.txt

## Key facts
- Earnings Releases
  PERMIAN BASIN ROYALTY TRUST reported May 2023 results: net income $1,013,732, EPS $0.021749 per unit.
  - Period: May 2023
  - Net income: $1,013,732
  - EPS: $0.021749 per unit
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/319654/000119312523191309/0001193125-23-191309-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.