---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-053734"
form_type: "8-K"
ticker: "PBT"
cik: "0000319654"
company_name: "PERMIAN BASIN ROYALTY TRUST"
filed_at: "2026-02-17T23:59:59+00:00"
generated_at: "2026-05-16T02:36:50.769087+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 Feb distribution $0.014221/unit; Waddell excess cost; SoftVest suit

## Summary
- Distribution of $0.014221/unit payable March 13, 2026 to holders of record Feb 27, 2026.
- Distribution decreased MoM due to prior Blackbeard settlement payment, lower oil volumes and prices, partially offset by higher gas volumes.
- Waddell Ranch properties remain in excess cost position; no proceeds included in Feb distribution.
- SoftVest, L.P. filed suit to amend trust indenture, lowering amendment threshold from 75% to majority; hearing set May 8, 2026.

## SEC filing metadata
- accession: 0001193125-26-053734
- form_type: 8-K
- ticker: PBT
- cik: 0000319654
- company_name: PERMIAN BASIN ROYALTY TRUST
- filed_at: 2026-02-17T23:59:59+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/319654/000119312526053734/0001193125-26-053734-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/319654/000119312526053734/2026-02_permian_basin_8-.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-053734
- JSON: https://secwatch.observer/filing/0001193125-26-053734.json
- Plain text: https://secwatch.observer/filing/0001193125-26-053734.txt

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