{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-360716","form_type":"8-K","ticker":"PBT","cik":"0000319654","company_name":"PERMIAN BASIN ROYALTY TRUST","filed_at":"2026-08-21T17:48:58+00:00","discovered_at":"2026-08-21T17:50:00.992217+00:00","generated_at":"2026-08-21T17:50:11.396370+00:00","sec_items":["2.02","9.01"],"event_type":"dividend","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Permian Basin Royalty Trust declares $0.018701/unit August distribution; Waddell Ranch excess costs continue","bullets":["August distribution of $0.018701/unit payable Sept 15, 2026 to holders of record Aug 31, 2026; total $871,663.17.","No Waddell Ranch proceeds included; production costs exceeded gross proceeds for July, continuing excess cost position.","Texas Royalty Properties contributed $1,325,455 net to Trust; oil 14,405 bbls at $93.10/bbl, gas 5,581 Mcf at $9.55/Mcf.","July distribution included $1,125,000 settlement payment from Blackbeard Operating LLC; current month lower due to that and lower gas volumes/pricing.","SoftVest and Blackbeard Holdings propose business combination into New PBT; S-4 and S-1 filed; special meeting to be called."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-360716","json":"https://secwatch.observer/filing/0001193125-26-360716.json","markdown":"https://secwatch.observer/filing/0001193125-26-360716.md","text":"https://secwatch.observer/filing/0001193125-26-360716.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/319654/000119312526360716/0001193125-26-360716-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/319654/000119312526360716/2026-08_permian_basin_8-.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-08-21T17:50:11.396370+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"}