---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-216874"
form_type: "8-K"
ticker: "PBT"
cik: "0000319654"
company_name: "PERMIAN BASIN ROYALTY TRUST"
filed_at: "2023-08-21T23:59:59+00:00"
generated_at: "2026-06-11T06:33:39.677838+00:00"
event_type: "dividend"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Permian Basin Royalty Trust declares $0.024535/unit monthly distribution; Texas Royalties drive increase

## Summary
- Declares $0.024535/unit distribution, payable Sep 15, 2023 to holders of record Aug 31, 2023.
- Texas Royalties contributed $1,208,703 on 19,131 bbl oil ($69.48/bbl) and 23,417 Mcf gas ($3.53/Mcf).
- Waddell Ranch did not contribute; cumulative deficit of $(1,762,025) as of June 2023.
- Waddell Ranch CAPEX $10.1M for June; 2023 budget $96.8M net to trust, 42% incurred.
- Management warns Waddell Ranch may not contribute to future distributions if current pricing continues.

## SEC filing metadata
- accession: 0001193125-23-216874
- form_type: 8-K
- ticker: PBT
- cik: 0000319654
- company_name: PERMIAN BASIN ROYALTY TRUST
- filed_at: 2023-08-21T23:59:59+00:00
- event_type: dividend
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/319654/000119312523216874/0001193125-23-216874-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/319654/000119312523216874/d536056d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-216874
- JSON: https://secwatch.observer/filing/0001193125-23-216874.json
- Plain text: https://secwatch.observer/filing/0001193125-23-216874.txt

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