{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-309825","form_type":"8-K","ticker":"PBT","cik":"0000319654","company_name":"PERMIAN BASIN ROYALTY TRUST","filed_at":"2026-07-21T15:43:45+00:00","discovered_at":"2026-07-21T15:45:01.467060+00:00","generated_at":"2026-07-21T15:45:10.709492+00:00","sec_items":["2.02","9.01"],"event_type":"dividend","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Permian Basin Royalty Trust declares $0.043566/unit distribution; Waddell Ranch in excess cost","bullets":["Cash distribution of $0.043566 per unit declared, payable Aug 14, 2026 to holders of record July 31, 2026.","Distribution increased vs prior month due to $1.125M settlement from Blackbeard Operating and higher oil pricing.","Waddell Ranch properties remain in excess cost position; no proceeds included in distribution.","Texas Royalty Properties contributed $1,375,871 net profit from 13,842 bbl oil and 5,923 Mcf gas at avg $99.90/bbl and $8.61/Mcf.","SoftVest and Blackbeard Holdings have preliminary non-binding term sheet for business combination; unitholder approval likely required."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-309825","json":"https://secwatch.observer/filing/0001193125-26-309825.json","markdown":"https://secwatch.observer/filing/0001193125-26-309825.md","text":"https://secwatch.observer/filing/0001193125-26-309825.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/319654/000119312526309825/0001193125-26-309825-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/319654/000119312526309825/2026-07_permian_basin_8-.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-07-21T15:45:10.709492+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}