---
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"
generated_at: "2026-05-17T06:10:08.496644+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Permian Basin Royalty Trust declares $0.115493/unit distribution, includes $4.5M from Blackbeard settlement

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-208392
- JSON: https://secwatch.observer/filing/0001193125-25-208392.json
- Plain text: https://secwatch.observer/filing/0001193125-25-208392.txt

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