secwatch.observer — SEC 8-K summary
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Issuer:     PERMIAN BASIN ROYALTY TRUST (PBT)
CIK:        0000319654
Form:       8-K
Filed at:   2025-09-19T23:59:59+00:00
Accession:  0001193125-25-208392
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/319654/000119312525208392/0001193125-25-208392-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/319654/000119312525208392/2025-09_permian_basin_8-.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-208392

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