PBT PERMIAN BASIN ROYALTY TRUST

CIK 0000319654 50 ready 8-Ks latest August 21, 2026, 1:48 PM ET RSS · JSON

Activity: NORMAL 1 filings / 30d vs 2 baseline

Ready 8-Ks 50

Latest filing August 21, 2026, 1:48 PM ET

Top materiality 0.85

Event mix other_material ×24 · dividend ×15 · litigation ×6

Sentiment 2 pos · 24 neg · 24 neu

Recent 8-K filings for PBT

Highest-materiality recent filing

Permian Basin Royalty Trust settles Blackbeard litigation for $9M, $4.5M due in 30 days

August 19, 2025, 7:59 PM ET litigation materiality 0.85 positive item 1.01 item 8.01 item 9.01

Blackbeard will pay $9,000,000 total; $4.5M within 30 days, $1.125M quarterly in 2026.
Settlement resolves claims that Blackbeard underpaid royalties; trust sought over $9M in damages.

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August 21, 2026, 1:48 PM ET dividend materiality 0.60 negative item 2.02 item 9.01

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

August distribution of $0.018701/unit payable Sept 15, 2026 to holders of record Aug 31, 2026; total $871,663.17.
July 29, 2026, 1:48 PM ET M&A materiality 0.75 neutral item 7.01 item 9.01

SoftVest and Blackbeard propose combining Permian Basin Royalty Trust assets into new public corp

SoftVest and Blackbeard entered definitive Combination Agreement to combine Trust assets and Blackbeard's mineral interests into New PBT.
June 18, 2026, 10:50 AM ET M&A materiality 0.70 neutral item 2.02 item 9.01

Permian Basin Trust declares $0.024673/unit; SoftVest proposes business combination with Blackbeard Holdings

Cash distribution of $0.024673/unit payable July 15, 2026 to holders of record June 30, 2026; no proceeds from Waddell Ranch due to excess costs.
May 19, 2026, 10:46 AM ET M&A materiality 0.75 neutral item 7.01 item 9.01

SoftVest proposes business combination of Permian Basin Royalty Trust with Blackbeard Holdings

SoftVest filed Schedule 13D on May 18, 2026, disclosing non-binding term sheet for combining Trust with Blackbeard.
May 8, 2026, 7:59 PM ET other material materiality 0.65 neutral item 1.01 item 3.03 item 5.03 item 7.01 item 9.01 ◈ Material Agreements

Court approves trust indenture amendments eliminating 75% supermajority requirement

On May 8, 2026, the 96th District Court of Tarrant County approved SoftVest's petition to modify the Trust Indenture.
May 6, 2026, 7:59 PM ET litigation materiality 0.60 neutral item 8.01 item 2.02 item 9.01

SoftVest seeks to amend Permian Basin Royalty Trust indenture; hearing on May 8 rescheduled to 9:30 a.m.

SoftVest, L.P. filed petition to modify Trust Indenture: eliminate 75% approval requirement for amendments.
April 20, 2026, 7:59 PM ET other material materiality 0.70 neutral item 2.02 item 9.01

Permian Basin Royalty Trust declares April distribution of $0.038014/unit; SoftVest lawsuit hearing set May 8

Monthly distribution of $0.038014 per unit, payable May 14, 2026 to unitholders of record April 30, 2026.
March 20, 2026, 7:59 PM ET other material materiality 0.60 neutral item 2.02 item 9.01

Permian Basin Royalty Trust Announces March Distribution of $0.010662 per Unit and SoftVest Petition to Modify Indenture

Distribution of $0.010662 per unit payable April 14, 2026 to unitholders of record March 31, 2026.
February 17, 2026, 6:59 PM ET other material materiality 0.65 neutral item 2.02 item 9.01

Permian Basin Royalty Trust declares Feb distribution $0.014221/unit; Waddell excess cost; SoftVest suit

Distribution of $0.014221/unit payable March 13, 2026 to holders of record Feb 27, 2026.
February 10, 2026, 6:59 PM ET other material materiality 0.60 neutral item 8.01 item 9.01

Unitholder SoftVest files petition to amend PBT trust indenture; hearing set for May 8, 2026

SoftVest, owning 13.3% of PBT units, seeks to eliminate 75% supermajority vote requirement and allow amendments by majority vote.
January 20, 2026, 6:59 PM ET other material materiality 0.65 neutral item 2.02 item 9.01

Permian Basin Royalty Trust declares $0.040056/unit distribution; Waddell Ranch in excess cost; SoftVest petition filed

January distribution of $0.040056/unit payable Feb 13, 2026 to holders of record Jan 30, 2026.
December 30, 2025, 6:59 PM ET litigation materiality 0.70 neutral item 8.01 item 9.01

SoftVest sues to modify Permian Basin Royalty Trust, seeking to eliminate supermajority vote

SoftVest (13.3% unitholder) filed a petition on Dec 26, 2025 to amend Trust Indenture.
December 19, 2025, 6:59 PM ET dividend materiality 0.60 neutral item 2.02 item 9.01

Permian Basin Royalty Trust declares $0.013198/unit December distribution; special meeting approves SoftVest proposal

Cash distribution $0.013198/unit payable Jan 15, 2026 to holders of record Dec 31, 2025; decreased from prior month on lower oil volumes and pricing.
December 18, 2025, 6:59 PM ET regulatory materiality 0.60 neutral item 5.07

Permian Basin Royalty Trust unit holders approve non-binding proposal to seek judicial reformation of Trust Indenture

27.9M of 46.6M outstanding units voted; quorum established at special meeting on Dec 16, 2025.
November 17, 2025, 6:59 PM ET other material materiality 0.60 neutral item 2.02 item 9.01

Permian Basin Trust declares $0.019233/unit distribution, no Waddell proceeds; special meeting on Dec 16

Cash distribution of $0.019233/unit payable Dec 12, 2025 to holders of record Nov 28, 2025.
October 21, 2025, 7:59 PM ET dividend materiality 0.60 neutral item 2.02 item 9.01

Permian Basin Royalty Trust declares $0.020021/unit October distribution; special meeting called by SoftVest on Dec 16

Cash distribution of $0.020021 per unit, payable Nov 17 to holders of record Oct 31.
September 19, 2025, 7:59 PM ET other material materiality 0.65 neutral item 2.02 item 9.01

Permian Basin Royalty Trust declares $0.115493/unit distribution, includes $4.5M from Blackbeard settlement

Distribution of $0.115493/unit ($5.38M total) payable Oct 15, 2025 to holders of record Sept 30.
August 19, 2025, 7:59 PM ET other material materiality 0.60 negative item 2.02 item 9.01

PBT declares $0.0164/unit distribution; Waddell Ranch excess cost; operator Blackbeard sued for $9M+

Cash distribution $0.016418/unit payable Sept 15, 2025 to holders of record Aug 29, 2025.
August 19, 2025, 7:59 PM ET litigation materiality 0.85 positive item 1.01 item 8.01 item 9.01

Permian Basin Royalty Trust settles Blackbeard litigation for $9M, $4.5M due in 30 days

Blackbeard will pay $9,000,000 total; $4.5M within 30 days, $1.125M quarterly in 2026.
July 21, 2025, 7:59 PM ET other material materiality 0.75 negative item 2.02 item 9.01

Permian Basin Royalty Trust declares $0.015311/unit distribution; operator dispute continues

Distribution of $0.015311/unit payable Aug 14 to holders of record July 31; no Waddell Ranch proceeds included.
June 20, 2025, 7:59 PM ET other material materiality 0.60 negative item 2.02 item 9.01

Permian Basin Royalty Trust declares $0.012976/unit distribution; operator dispute continues

June distribution of $0.012976/unit, payable July 15, 2025; down from prior month due to lower gas volumes and oil pricing.
May 27, 2025, 7:59 PM ET litigation materiality 0.75 neutral item 8.01 item 9.01

Permian Basin Royalty Trust files amended lawsuit seeking >$9M in damages from Blackbeard Operating

Second Amended Petition seeks more than $9 million for unpaid royalties from April 2020–Dec 2023.
May 19, 2025, 7:59 PM ET other material materiality 0.60 negative item 2.02 item 9.01

Permian Basin Royalty Trust declares $0.018841/unit May distribution; no Waddell Ranch proceeds due to excess costs

Distribution of $0.018841/unit payable June 13, 2025 to holders of record May 30, 2025, down from prior month due to lower Texas Royalty oil volumes and pricing.
April 17, 2025, 7:59 PM ET other material materiality 0.60 negative item 2.02 item 9.01

Permian Basin Royalty Trust declares $0.019615/unit distribution; no Waddell Ranch proceeds; litigation update

Monthly cash distribution of $0.019615 per unit, payable May 14, 2025 to holders of record April 30, 2025.
March 21, 2025, 7:59 PM ET dividend materiality 0.65 negative item 2.02 item 9.01

Permian Basin Royalty Trust declares $0.018047/unit monthly distribution; litigation update against operator Blackbeard

Monthly cash distribution of $0.018047 per unit, payable April 14, 2025, to holders of record March 31, 2025.
February 18, 2025, 6:59 PM ET dividend materiality 0.65 negative item 2.02 item 9.01

Permian Basin Royalty Trust declares $0.017144/unit distribution; Waddell Ranch excess costs persist

Cash distribution of $0.017144/unit, payable March 14, 2025 to holders of record Feb 28, 2025; slight decrease from prior month due to lower oil volumes and gas pricing.
January 21, 2025, 6:59 PM ET other material materiality 0.75 negative item 2.02 item 9.01

Permian Basin Trust distributes $0.02051/unit for Dec; Waddell excess costs continue; litigation seeks >$25M

Distribution of $0.02051/unit payable Feb 14, 2025 to holders of record Jan 31, 2025, down slightly from prior month due to lower oil volumes and prices.
December 20, 2024, 6:59 PM ET dividend materiality 0.70 neutral item 2.02 item 9.01

Permian Basin Royalty Trust Declares December Distribution of $0.021939/Unit; Waddell Ranch in Excess Cost

Cash distribution of $0.021939 per unit payable Jan 15, 2025 to holders of record Dec 31, 2024.
November 18, 2024, 6:59 PM ET dividend materiality 0.80 negative item 2.02 item 9.01

Permian Basin Royalty Trust declares $0.021733/unit distribution, reports Waddell Ranch excess costs, litigation update.

November cash distribution of $0.021733 per unit to be paid Dec 13, 2024 to holders of record Nov 29, 2024.
October 21, 2024, 7:59 PM ET dividend materiality 0.70 negative item 2.02 item 9.01

Permian Basin Royalty Trust Announces $0.029986 October Distribution, Lower Volumes and Ongoing Blackbeard Dispute

Cash distribution of $0.029986 per unit payable Nov 15, 2024 to holders of record Oct 31, 2024; includes $267,781 from September Waddell Ranch proceeds.
September 20, 2024, 7:59 PM ET other material materiality 0.80 negative item 2.02 item 9.01

Permian Basin Royalty Trust Sept distribution $0.050711/unit; operator Blackbeard refuses data, litigation escalates

Distribution of $0.050711/unit payable Oct 15 to holders of record Sep 30; down from prior month due to lower Waddell Ranch proceeds.
August 20, 2024, 7:59 PM ET dividend materiality 0.70 negative item 2.02 item 9.01

Permian Basin Trust declares $0.0519/unit distribution; Blackbeard withholds data, litigation ongoing

Distribution of $0.051902/unit to holders of record Aug 30, payable Sept 16, 2024; down from prior month.
July 19, 2024, 7:59 PM ET other material materiality 0.65 negative item 2.02 item 9.01

Permian Basin Royalty Trust declares July distribution of $0.070169/unit; operator dispute continues

July distribution of $0.070169/unit payable Aug 14, record July 31; slight decrease from prior month.
June 17, 2024, 7:59 PM ET dividend materiality 0.60 negative item 2.02 item 9.01

Permian Basin Royalty Trust declares $0.072743/unit June distribution, notes Blackbeard data refusal

Cash distribution of $0.072743/unit payable July 15, 2024 to holders of record June 28, 2024.
June 4, 2024, 7:59 PM ET other material materiality 0.65 negative item 2.02 item 9.01

Permian Basin Royalty Trust receives $2.25M Waddell Ranch proceeds; updates lawsuit against operator for >$15M

Received $2,247,045 in Waddell Ranch proceeds for inclusion in June 2024 distribution.
May 20, 2024, 7:59 PM ET other material materiality 0.65 negative item 2.02 item 9.01

PBT declares $0.020052/unit distribution, omits Waddell Ranch; sues Blackbeard for >$15M

Cash distribution of $0.020052/unit, payable June 14, 2024 to holders of record May 31, 2024.
May 9, 2024, 7:59 PM ET litigation materiality 0.75 negative item 8.01 item 9.01

Permian Basin Royalty Trust sues Blackbeard Operating for $15M+ in improper royalty deductions

Trustee filed suit in Tarrant County, TX, seeking over $15M for impermissible overhead and expense deductions from 75% royalty on Waddell Ranch properties.
March 19, 2024, 7:59 PM ET earnings materiality 0.62 negative item 2.02 item 9.01

Permian Basin Royalty Trust March distribution $0.04134/unit, down 9% from Feb; corrects prior error

Distribution of $0.04134/unit payable Apr 12, down from $0.04546 in Feb (decrease of $0.00412/unit or 9%).
February 16, 2024, 6:59 PM ET other material materiality 0.60 negative item 2.02 item 9.01

Permian Basin Royalty Trust declares $0.04546/unit distribution; sues Blackbeard for >$15M

Cash distribution of $0.045460 per unit, payable Mar 14, 2024 to holders of record Feb 29, 2024.
January 19, 2024, 6:59 PM ET other material materiality 0.75 negative item 2.02 item 9.01

PBT declares $0.031031/unit distribution, down; sues Blackbeard for $15M+; warns of future risk

Cash distribution of $0.031031/unit, payable Feb 14, 2024, down from prior month due to lower production/pricing and higher CAPEX.
December 27, 2023, 6:59 PM ET litigation materiality 0.65 negative item 8.01

Permian Basin Royalty Trust sues operator Blackbeard for $15M+ in improper royalty deductions

Trustee filed complaint in Northern District of Texas against Blackbeard Operating LLC.

Materiality & sentiment trend

Max materiality 0.85 · Median 0.65 · Most common event other_material

2 positive 24 negative 24 neutral

source · PBT on sec.gov