secwatch.observer — SEC 8-K summary
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Issuer:     PERMIAN BASIN ROYALTY TRUST (PBT)
CIK:        0000319654
Form:       8-K
Filed at:   2025-12-19T23:59:59+00:00
Accession:  0001193125-25-326104
Event type: dividend
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/319654/000119312525326104/0001193125-25-326104-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/319654/000119312525326104/2025-12_permian_basin_8-.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-326104

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