---
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"
generated_at: "2026-05-16T09:39:38.162950+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Permian Basin Royalty Trust declares $0.040056/unit distribution; Waddell Ranch in excess cost; SoftVest petition filed

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-016178
- JSON: https://secwatch.observer/filing/0001193125-26-016178.json
- Plain text: https://secwatch.observer/filing/0001193125-26-016178.txt

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