{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-228381","form_type":"8-K","ticker":"PBT","cik":"0000319654","company_name":"PERMIAN BASIN ROYALTY TRUST","filed_at":"2026-05-18T15:59:04+00:00","discovered_at":"2026-05-18T16:00:00.269736+00:00","generated_at":"2026-05-18T16:00:37.274098+00:00","sec_items":["2.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Permian Basin Royalty Trust declares $0.020355/unit distribution; Waddell Ranch in excess cost; court modifies indenture","bullets":["Cash distribution $0.020355/unit payable June 12, 2026 to holders of record May 29, 2026.","Waddell Ranch properties in excess cost position; no proceeds included for second consecutive month.","Texas Royalty Properties contributed $998,283; oil at $73.83/bbl, gas $9.23/Mcf.","Court approved SoftVest petition lowering amendment threshold from 75% to majority; eliminates prohibited amendment section.","Distribution decreased due to third settlement payment from Blackbeard ($1.125M) included in prior month."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-228381","json":"https://secwatch.observer/filing/0001193125-26-228381.json","markdown":"https://secwatch.observer/filing/0001193125-26-228381.md","text":"https://secwatch.observer/filing/0001193125-26-228381.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/319654/000119312526228381/0001193125-26-228381-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/319654/000119312526228381/2026-05_permian_basin_8-.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T16:00:37.274098+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":[{"claim_id":"094036b1f72c4dcc067419d8abbf73c5c5c99795","claim":"PERMIAN BASIN ROYALTY TRUST reported results: EPS $0.020355 per unit.","evidence_excerpt":"today declared a cash distribution to the holders of its units of beneficial interest of $0.020355 per unit, payable on June 12, 2026, to unit holders of record on May 29, 2026.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/319654/000119312526228381/0001193125-26-228381-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"EPS","value":"$0.020355 per unit"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"0fe5b97c7686d147618581898d99d671eb1f8bc6","claim":"PERMIAN BASIN ROYALTY TRUST reported the month of April results: revenue $1,187,796, net income $1,050,825.","evidence_excerpt":"This production and pricing for the underlying properties resulted in revenues for the Texas Royalty Properties of $1,187,796. Deducted from these revenues were taxes and expenses of $136,971 resulting in a Net Profit of $1,050,825 for April.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/319654/000119312526228381/0001193125-26-228381-index.htm","confidence":0.98,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the month of April"},{"label":"Revenue","value":"$1,187,796"},{"label":"Net income","value":"$1,050,825"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}