secwatch.observer — SEC 8-K summary
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Issuer:     PERMIAN BASIN ROYALTY TRUST (PBT)
CIK:        0000319654
Form:       8-K
Filed at:   2026-04-20T23:59:59+00:00
Accession:  0001193125-26-163168
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/319654/000119312526163168/0001193125-26-163168-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/319654/000119312526163168/2026-04_permian_basin_8-.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-163168

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