{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-016178","form_type":"8-K","ticker":"PBT","cik":"0000319654","company_name":"PERMIAN BASIN ROYALTY TRUST","filed_at":"2026-01-20T23:59:59+00:00","discovered_at":"2026-05-14T18:02:37.356602+00:00","generated_at":"2026-05-16T09:39:38.162950+00:00","sec_items":["2.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Permian Basin Royalty Trust declares $0.040056/unit distribution; Waddell Ranch in excess cost; SoftVest petition filed","bullets":["January distribution of $0.040056/unit payable Feb 13, 2026 to holders of record Jan 30, 2026.","No proceeds from Waddell Ranch properties for December; excess costs must be recovered before future distributions.","Texas Royalty Properties: 15,285 bbl oil ($59.18/bbl) and 7,401 Mcf gas ($8.49/Mcf) net to Trust for December.","SoftVest petition filed Dec 26, 2025 seeks to amend Trust indenture; preliminary hearing set Jan 28, 2026.","Distribution increased from prior month due to Blackbeard settlement payment and higher Texas Royalty oil volumes/gas prices."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-016178","json":"https://secwatch.observer/filing/0001193125-26-016178.json","markdown":"https://secwatch.observer/filing/0001193125-26-016178.md","text":"https://secwatch.observer/filing/0001193125-26-016178.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/319654/000119312526016178/0001193125-26-016178-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/319654/000119312526016178/2026-01_permian_basin_8-.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T09:39:38.162950+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"}