{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-208392","form_type":"8-K","ticker":"PBT","cik":"0000319654","company_name":"PERMIAN BASIN ROYALTY TRUST","filed_at":"2025-09-19T23:59:59+00:00","discovered_at":"2026-05-14T18:02:46.044239+00:00","generated_at":"2026-05-17T06:10:08.496644+00:00","sec_items":["2.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Permian Basin Royalty Trust declares $0.115493/unit distribution, includes $4.5M from Blackbeard settlement","bullets":["Distribution of $0.115493/unit ($5.38M total) payable Oct 15, 2025 to holders of record Sept 30.","Includes first installment of $4.5M from $9M settlement with Blackbeard Operating LLC; remainder due quarterly in 2026.","No proceeds from Waddell Ranch properties in August; excess cost position continues until recovered.","Texas Royalty Properties contributed $934,159 net profit from 13,944 bbl oil at $65.76/bbl and 10,800 Mcf gas at $6.65/Mcf.","2024 Annual Report (10-K) filed; Blackbeard to provide quarterly reporting under settlement terms."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-208392","json":"https://secwatch.observer/filing/0001193125-25-208392.json","markdown":"https://secwatch.observer/filing/0001193125-25-208392.md","text":"https://secwatch.observer/filing/0001193125-25-208392.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/319654/000119312525208392/0001193125-25-208392-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/319654/000119312525208392/2025-09_permian_basin_8-.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T06:10:08.496644+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"}