---
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"
generated_at: "2026-05-16T19:28:57.346332+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Permian Basin Trust declares $0.019233/unit distribution, no Waddell proceeds; special meeting on Dec 16

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-284183
- JSON: https://secwatch.observer/filing/0001193125-25-284183.json
- Plain text: https://secwatch.observer/filing/0001193125-25-284183.txt

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