---
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"
generated_at: "2026-08-21T17:50:11.396370+00:00"
event_type: "dividend"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Permian Basin Royalty Trust declares $0.018701/unit August distribution; Waddell Ranch excess costs continue

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: dividend
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-360716
- JSON: https://secwatch.observer/filing/0001193125-26-360716.json
- Plain text: https://secwatch.observer/filing/0001193125-26-360716.txt

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