{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-326104","form_type":"8-K","ticker":"PBT","cik":"0000319654","company_name":"PERMIAN BASIN ROYALTY TRUST","filed_at":"2025-12-19T23:59:59+00:00","discovered_at":"2026-05-14T18:02:41.709868+00:00","generated_at":"2026-05-16T12:39:42.563987+00:00","sec_items":["2.02","9.01"],"event_type":"dividend","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Permian Basin Royalty Trust declares $0.013198/unit December distribution; special meeting approves SoftVest proposal","bullets":["Cash distribution $0.013198/unit payable Jan 15, 2026 to holders of record Dec 31, 2025; decreased from prior month on lower oil volumes and pricing.","Texas Royalty Properties contributed $754,012; oil 11,957 bbls at $60.17/bbl, gas 10,456 Mcf at $8.32/Mcf.","Waddell Ranch properties remain in excess cost position; no proceeds received in November; future distributions require cost recovery.","At special meeting Dec 16, 2025, ~59.9% of outstanding units (98.5% of votes cast) approved non-binding proposal to amend Trust Indenture by simple majority; SoftVest intends judicial reformation."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-326104","json":"https://secwatch.observer/filing/0001193125-25-326104.json","markdown":"https://secwatch.observer/filing/0001193125-25-326104.md","text":"https://secwatch.observer/filing/0001193125-25-326104.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/319654/000119312525326104/0001193125-25-326104-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/319654/000119312525326104/2025-12_permian_basin_8-.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T12:39:42.563987+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"}