---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-163168"
form_type: "8-K"
ticker: "PBT"
cik: "0000319654"
company_name: "PERMIAN BASIN ROYALTY TRUST"
filed_at: "2026-04-20T23:59:59+00:00"
generated_at: "2026-05-15T05:24:02.891529+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Permian Basin Royalty Trust declares April distribution of $0.038014/unit; SoftVest lawsuit hearing set May 8

## Summary
- Monthly distribution of $0.038014 per unit, payable May 14, 2026 to unitholders of record April 30, 2026.
- Distribution increased from prior month due to $1.125M Blackbeard settlement payment and higher Texas Royalty volumes/pricing.
- Waddell Ranch properties remain in excess cost position; no proceeds included in April distribution.
- SoftVest litigation seeks to amend trust indenture; bench trial hearing set for May 8, 2026 in Tarrant County District Court.
- Texas Royalty net production: 12,437 bbl oil and 9,220 Mcf gas; average oil price $59.33/bbl, gas $6.31/Mcf.

## SEC filing metadata
- accession: 0001193125-26-163168
- form_type: 8-K
- ticker: PBT
- cik: 0000319654
- company_name: PERMIAN BASIN ROYALTY TRUST
- filed_at: 2026-04-20T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/319654/000119312526163168/0001193125-26-163168-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/319654/000119312526163168/2026-04_permian_basin_8-.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-163168
- JSON: https://secwatch.observer/filing/0001193125-26-163168.json
- Plain text: https://secwatch.observer/filing/0001193125-26-163168.txt

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