---
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"
generated_at: "2026-06-06T21:32:36.987460+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# PBT declares $0.031031/unit distribution, down; sues Blackbeard for $15M+; warns of future risk

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-011344
- JSON: https://secwatch.observer/filing/0001193125-24-011344.json
- Plain text: https://secwatch.observer/filing/0001193125-24-011344.txt

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