{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-297599","form_type":"8-K","ticker":"PBT","cik":"0000319654","company_name":"PERMIAN BASIN ROYALTY TRUST","filed_at":"2023-12-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.633760+00:00","generated_at":"2026-06-07T11:35:29.580167+00:00","sec_items":["2.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Permian Basin Royalty Trust declares $0.106232/unit distribution, down on higher costs","bullets":["Distribution of $0.106232/unit payable Jan 16, 2024 to holders of record Dec 29, 2023; decreased from prior month.","Waddell Ranch Oct production: oil 268,044 bbls at $84.60/bbl, gas 886,479 Mcf at $1.41/Mcf; NPI contributed $3.68M net.","Texas Royalties Oct production: oil 14,833 bbls at $86.51/bbl, gas 18,418 Mcf at $4.25/Mcf; contributed $1.296M.","Distribution declined due to ad valorem tax true-up on Waddell Ranch; higher volumes partially offset.","Trust warns that if current pricing continues, Waddell Ranch may not sustain future distributions given CAPEX budget."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-297599","json":"https://secwatch.observer/filing/0001193125-23-297599.json","markdown":"https://secwatch.observer/filing/0001193125-23-297599.md","text":"https://secwatch.observer/filing/0001193125-23-297599.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/319654/000119312523297599/0001193125-23-297599-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/319654/000119312523297599/d526570d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T11:35:29.580167+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"}