---
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"
generated_at: "2026-09-18T15:49:15.543105+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Permian Basin Trust declares $0.0196/unit September distribution; Waddell Ranch remains in excess cost

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- 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/319654/000119312526395269/0001193125-26-395269-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/319654/000119312526395269/2026-09_permian_basin_8-.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-395269
- JSON: https://secwatch.observer/filing/0001193125-26-395269.json
- Plain text: https://secwatch.observer/filing/0001193125-26-395269.txt

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