{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-284183","form_type":"8-K","ticker":"PBT","cik":"0000319654","company_name":"PERMIAN BASIN ROYALTY TRUST","filed_at":"2025-11-17T23:59:59+00:00","discovered_at":"2026-05-14T18:02:41.709184+00:00","generated_at":"2026-05-16T19:28:57.346332+00:00","sec_items":["2.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Permian Basin Trust declares $0.019233/unit distribution, no Waddell proceeds; special meeting on Dec 16","bullets":["Cash distribution of $0.019233/unit payable Dec 12, 2025 to holders of record Nov 28, 2025.","No Waddell Ranch proceeds included; excess cost position continues as production costs exceeded gross proceeds.","Texas Royalty Properties contributed $925,270; oil avg $63.38/bbl, gas avg $7.10/Mcf (incl. NGL).","Special Meeting called by SoftVest set for Dec 16, 2025 to vote on indenture amendment proposal.","Distribution decreased due to lower gas volumes and lower oil/gas prices, partially offset by higher oil volumes."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-284183","json":"https://secwatch.observer/filing/0001193125-25-284183.json","markdown":"https://secwatch.observer/filing/0001193125-25-284183.md","text":"https://secwatch.observer/filing/0001193125-25-284183.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/319654/000119312525284183/0001193125-25-284183-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/319654/000119312525284183/2025-11_permian_basin_8-.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T19:28:57.346332+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"}