---
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"
generated_at: "2026-07-21T15:45:10.709492+00:00"
event_type: "dividend"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Permian Basin Royalty Trust declares $0.043566/unit distribution; Waddell Ranch in excess cost

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: dividend
- 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/319654/000119312526309825/0001193125-26-309825-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/319654/000119312526309825/2026-07_permian_basin_8-.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-309825
- JSON: https://secwatch.observer/filing/0001193125-26-309825.json
- Plain text: https://secwatch.observer/filing/0001193125-26-309825.txt

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