secwatch.observer — SEC 8-K summary
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Issuer:     PERMIAN BASIN ROYALTY TRUST (PBT)
CIK:        0000319654
Form:       8-K
Filed at:   2026-07-21T15:43:45+00:00
Accession:  0001193125-26-309825
Event type: dividend
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/319654/000119312526309825/0001193125-26-309825-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/319654/000119312526309825/2026-07_permian_basin_8-.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-309825

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