---
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"
generated_at: "2026-05-16T12:39:42.563987+00:00"
event_type: "dividend"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Permian Basin Royalty Trust declares $0.013198/unit December distribution; special meeting approves SoftVest proposal

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: dividend
- 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/319654/000119312525326104/0001193125-25-326104-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/319654/000119312525326104/2025-12_permian_basin_8-.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-326104
- JSON: https://secwatch.observer/filing/0001193125-25-326104.json
- Plain text: https://secwatch.observer/filing/0001193125-25-326104.txt

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