---
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"
generated_at: "2026-05-15T09:32:31.885130+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Permian Basin Royalty Trust Announces March Distribution of $0.010662 per Unit and SoftVest Petition to Modify Indenture

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-117074
- JSON: https://secwatch.observer/filing/0001193125-26-117074.json
- Plain text: https://secwatch.observer/filing/0001193125-26-117074.txt

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