---
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"
generated_at: "2026-06-07T11:35:29.580167+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Permian Basin Royalty Trust declares $0.106232/unit distribution, down on higher costs

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-297599
- JSON: https://secwatch.observer/filing/0001193125-23-297599.json
- Plain text: https://secwatch.observer/filing/0001193125-23-297599.txt

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