---
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"
generated_at: "2026-05-18T16:00:37.274098+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Permian Basin Royalty Trust declares $0.020355/unit distribution; Waddell Ranch in excess cost; court modifies indenture

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-228381
- JSON: https://secwatch.observer/filing/0001193125-26-228381.json
- Plain text: https://secwatch.observer/filing/0001193125-26-228381.txt

## Key facts
- Earnings Releases
  PERMIAN BASIN ROYALTY TRUST reported results: EPS $0.020355 per unit.
  - EPS: $0.020355 per unit
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/319654/000119312526228381/0001193125-26-228381-index.htm
- Earnings Releases
  PERMIAN BASIN ROYALTY TRUST reported the month of April results: revenue $1,187,796, net income $1,050,825.
  - Period: the month of April
  - Revenue: $1,187,796
  - Net income: $1,050,825
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/319654/000119312526228381/0001193125-26-228381-index.htm

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