{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-426034","form_type":"8-K","ticker":"PBT","cik":"0000319654","company_name":"PERMIAN BASIN ROYALTY TRUST","filed_at":"2026-10-20T15:06:50+00:00","discovered_at":"2026-10-20T15:08:00.200312+00:00","generated_at":"2026-10-20T15:08:04.452232+00:00","sec_items":["2.02","9.01"],"event_type":"dividend","sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"confidence":"high","headline":"Permian Basin Royalty Trust declares $0.045191/unit October distribution; Waddell Ranch still in excess cost","bullets":["Distribution of $0.045191 per unit payable Nov 16, 2026 to holders of record Oct 30, 2026; total payout $2,106,330.04 on 46,608,796 units.","October payout rose from the prior month on the final settlement payment from Blackbeard Operating and higher Texas gas volumes/pricing, partly offset by lower oil prices.","No Waddell Ranch proceeds included: September production costs exceeded gross proceeds, and excess costs plus accrued interest must be recovered before any distribution.","Texas Royalty Properties: 13,459 bbl oil at $79.67/bbl and 5,632 Mcf gas at $15.15/Mcf net to the Trust; revenue $1,295,650 less $143,097 taxes/expenses; 95% NPI contributed $1,094,925.","SoftVest/Blackbeard combination into New PBT Land and Minerals, Inc. (agreed July 28, 2026) awaits a unitholder vote; holders of over 15% requested a special meeting; Trustee makes no recommendation."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-426034","json":"https://secwatch.observer/filing/0001193125-26-426034.json","markdown":"https://secwatch.observer/filing/0001193125-26-426034.md","text":"https://secwatch.observer/filing/0001193125-26-426034.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/319654/000119312526426034/0001193125-26-426034-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/319654/000119312526426034/2026-10_permian_basin_8-.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-20T15:08:04.452232+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"}