---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-237577"
form_type: "8-K"
ticker: "PBT"
cik: "0000319654"
company_name: "PERMIAN BASIN ROYALTY TRUST"
filed_at: "2023-09-19T23:59:59+00:00"
generated_at: "2026-06-10T14:08:26.939498+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Permian Basin Royalty Trust declares $0.022414/unit Sept distribution; Waddell Ranch fails to contribute

## Summary
- Distribution of $0.022414/unit payable Oct 16, 2023 to record holders Sep 29, 2023.
- Waddell Ranch properties did not contribute; high CAPEX ($12.8M gross) offset net profit.
- Texas Royalties contributed $1,077,970; oil at $72.23/bbl, gas at $3.88/Mcf.
- Cumulative deficit for Waddell Ranch widened to $(213,227).
- Trust warns future Waddell Ranch contributions uncertain if pricing and CAPEX trends continue.

## SEC filing metadata
- accession: 0001193125-23-237577
- form_type: 8-K
- ticker: PBT
- cik: 0000319654
- company_name: PERMIAN BASIN ROYALTY TRUST
- filed_at: 2023-09-19T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- 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/319654/000119312523237577/0001193125-23-237577-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/319654/000119312523237577/d492536d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-237577
- JSON: https://secwatch.observer/filing/0001193125-23-237577.json
- Plain text: https://secwatch.observer/filing/0001193125-23-237577.txt

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