{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-395269","form_type":"8-K","ticker":"PBT","cik":"0000319654","company_name":"PERMIAN BASIN ROYALTY TRUST","filed_at":"2026-09-18T15:48:23+00:00","discovered_at":"2026-09-18T15:49:04.634509+00:00","generated_at":"2026-09-18T15:49:15.543105+00:00","sec_items":["2.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Permian Basin Trust declares $0.0196/unit September distribution; Waddell Ranch remains in excess cost","bullets":["September cash distribution of $0.019593/unit, payable Oct 15, 2026 to holders of record Sept 30; total $913,228 on 46,608,796 units.","Waddell Ranch contributed no August proceeds; production costs exceeded gross proceeds, extending the excess cost position until recovered from future proceeds.","Texas Royalty Properties net contribution $1,130,007; oil $83.20/bbl, gas $13.49/Mcf incl NGL; oil volumes down to 13,460 bbl net from 14,405 prior month.","Monthly distribution rose vs. prior month on lower Trust expenses; G&A expenses net of interest were $216,779.","SoftVest/Blackbeard Holdings combination into New PBT still requires Unitholder vote; special meeting date not yet set."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-395269","json":"https://secwatch.observer/filing/0001193125-26-395269.json","markdown":"https://secwatch.observer/filing/0001193125-26-395269.md","text":"https://secwatch.observer/filing/0001193125-26-395269.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/319654/000119312526395269/0001193125-26-395269-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/319654/000119312526395269/2026-09_permian_basin_8-.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-09-18T15:49:15.543105+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"}