secwatch.observer — SEC 8-K summary
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Issuer:     PERMIAN BASIN ROYALTY TRUST (PBT)
CIK:        0000319654
Form:       8-K
Filed at:   2026-02-17T23:59:59+00:00
Accession:  0001193125-26-053734
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 Feb distribution $0.014221/unit; Waddell excess cost; SoftVest suit
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/319654/000119312526053734/0001193125-26-053734-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/319654/000119312526053734/2026-02_permian_basin_8-.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-053734

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer