{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-011344","form_type":"8-K","ticker":"PBT","cik":"0000319654","company_name":"PERMIAN BASIN ROYALTY TRUST","filed_at":"2024-01-19T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.555463+00:00","generated_at":"2026-06-06T21:32:36.987460+00:00","sec_items":["2.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"PBT declares $0.031031/unit distribution, down; sues Blackbeard for $15M+; warns of future risk","bullets":["Cash distribution of $0.031031/unit, payable Feb 14, 2024, down from prior month due to lower production/pricing and higher CAPEX.","Waddell Ranch contributed $308,458 net; Texas Royalties contributed $1,204,095 net.","Trustee filed lawsuit on Dec 18, 2023 against Blackbeard Operating seeking >$15M in damages for underpaid royalties.","Warning: if oil/gas pricing continues or declines, Waddell Ranch may not be able to contribute to future distributions.","Tax info packets expected early March 2024; 2023 tax booklet on website by Feb 29."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-011344","json":"https://secwatch.observer/filing/0001193125-24-011344.json","markdown":"https://secwatch.observer/filing/0001193125-24-011344.md","text":"https://secwatch.observer/filing/0001193125-24-011344.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/319654/000119312524011344/0001193125-24-011344-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/319654/000119312524011344/d929145d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T21:32:36.987460+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"}