{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-117074","form_type":"8-K","ticker":"PBT","cik":"0000319654","company_name":"PERMIAN BASIN ROYALTY TRUST","filed_at":"2026-03-20T23:59:59+00:00","discovered_at":"2026-05-14T18:02:37.357181+00:00","generated_at":"2026-05-15T09:32:31.885130+00:00","sec_items":["2.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Permian Basin Royalty Trust Announces March Distribution of $0.010662 per Unit and SoftVest Petition to Modify Indenture","bullets":["Distribution of $0.010662 per unit payable April 14, 2026 to unitholders of record March 31, 2026.","No proceeds from Waddell Ranch properties due to excess costs; total production costs exceeded gross proceeds for February.","Texas Royalty Properties produced 15,009 bbls oil and 9,793 Mcf gas; average oil price $56.56/bbl and gas $6.02/Mcf.","SoftVest filed a petition to amend the trust indenture, seeking to lower amendment approval threshold from 75% to majority; hearing set for May 8, 2026.","Distribution decreased from prior month due to lower oil volumes and pricing, partially offset by higher natural gas pricing."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-117074","json":"https://secwatch.observer/filing/0001193125-26-117074.json","markdown":"https://secwatch.observer/filing/0001193125-26-117074.md","text":"https://secwatch.observer/filing/0001193125-26-117074.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/319654/000119312526117074/0001193125-26-117074-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/319654/000119312526117074/2026-03_permian_basin_8-.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud","generated_at":"2026-05-15T09:32:31.885130+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"}