---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-070971"
form_type: "8-K"
ticker: "PBT"
cik: "0000319654"
company_name: "PERMIAN BASIN ROYALTY TRUST"
filed_at: "2024-03-19T23:59:59+00:00"
generated_at: "2026-06-04T14:06:46.219771+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.62
calibrated_materiality_score: 0.62
confidence: "high"
source: SEC EDGAR
---

# Permian Basin Royalty Trust March distribution $0.04134/unit, down 9% from Feb; corrects prior error

## Summary
- Distribution of $0.04134/unit payable Apr 12, down from $0.04546 in Feb (decrease of $0.00412/unit or 9%).
- Waddell Ranch oil 253,653 bbls at $72.45/bbl; gas 847,835 Mcf (corrected to include plant products) at $2.38/Mcf; NPI $1.1M.
- Texas Royalty oil 16,538 bbls at $71.75/bbl; gas 5,430 Mcf at $11.68/Mcf; NPI $1.06M.
- Lawsuit vs Blackbeard dismissed without prejudice on Mar 5; dispute unresolved.
- Preliminary 2024 capex budget $301M gross ($106M net); 7% incurred in Jan.

## SEC filing metadata
- accession: 0001193125-24-070971
- form_type: 8-K
- ticker: PBT
- cik: 0000319654
- company_name: PERMIAN BASIN ROYALTY TRUST
- filed_at: 2024-03-19T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.62
- calibrated_materiality_score: 0.62
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/319654/000119312524070971/0001193125-24-070971-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/319654/000119312524070971/d785890d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-070971
- JSON: https://secwatch.observer/filing/0001193125-24-070971.json
- Plain text: https://secwatch.observer/filing/0001193125-24-070971.txt

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