secwatch.observer — SEC 8-K summary
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Issuer:     PERMIAN BASIN ROYALTY TRUST (PBT)
CIK:        0000319654
Form:       8-K
Filed at:   2026-01-20T23:59:59+00:00
Accession:  0001193125-26-016178
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/319654/000119312526016178/0001193125-26-016178-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/319654/000119312526016178/2026-01_permian_basin_8-.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-016178

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