Welcome to our dedicated page for Permian Basin SEC filings (Ticker: PBT), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Permian Basin Royalty Trust (NYSE: PBT) files a range of documents with the U.S. Securities and Exchange Commission that provide detail on its royalty interests, distributions, and governance. This page brings those SEC filings together and pairs them with AI-powered summaries to help explain the key points in clear language.
The Trust’s current reports on Form 8-K disclose material events such as monthly cash distribution announcements, entry into material definitive agreements, and significant unitholder actions. Several 8-K filings state that press releases announcing monthly cash distributions are furnished under Item 2.02 (Results of Operations and Financial Condition) and describe the per-unit distribution, record date, and the role of net profits from the Texas Royalty Properties and Waddell Ranch properties. Other 8-Ks report on governance matters, including requests by SoftVest Advisors, LLC and other unitholders for a special meeting, voting results on a non-binding proposal to support judicial reformation or modification of the Trust Indenture, and an Original Petition for Modification of Trust filed by SoftVest, L.P. seeking to change amendment thresholds in the Indenture.
An 8-K dated August 19, 2025, describes a material definitive agreement: a settlement agreement and release between Argent Trust Company, as Trustee, and Blackbeard Operating, LLC, the operator of the Waddell Ranch properties. The filing outlines the agreed $9,000,000 payment to the Trust, the schedule of installments, and the agreed rules for overhead charges, third-party costs, technical labor, and reporting, as well as the Trust’s option to conduct annual site audits. AI-generated highlights on this page can help readers quickly identify these core terms without reading the entire agreement.
The Trust’s annual report on Form 10-K, referenced in multiple press releases, includes a reserve summary as of a specified year-end and provides broader context on the Trust’s underlying properties and royalty interests. Quarterly reports on Form 10-Q include production, pricing, and cost information for the Waddell Ranch properties to the extent that data is received from the operator on a timely basis. AI tools on this page can assist in extracting and summarizing information on net profits interests, excess cost positions, and other technical disclosures from these longer reports.
In addition to 10-K, 10-Q, and 8-K filings, this page provides access to other SEC documents associated with PBT, such as exhibits to settlement agreements and governance-related materials. Users can review filing dates, item descriptions, and AI-generated overviews to better understand how royalty calculations, litigation outcomes, and proposed changes to the Trust Indenture are reflected in the Trust’s regulatory record.
SoftVest, L.P. filed definitive additional proxy materials urging Permian Basin Royalty Trust (PBT) unitholders to support a non-binding proposal backing efforts to seek judicial reformation of the Trust Indenture to allow amendments approved by a simple majority of votes cast at a quorumed special meeting. A related proposal would permit adjournment to solicit additional proxies.
The special meeting is set for December 16, 2025. SoftVest and affiliates report owning approximately 13.3% of outstanding units. The materials state the current charter requires approval by at least 75% of outstanding units, which they view as a constraint. They also note operators’ costs can exceed revenues and be recovered with interest from future net proceeds, affecting monthly distributions. Potential future steps referenced include considering conversion to a corporation or LLC, subject to any required approvals.
Permian Basin Royalty Trust unitholders are being asked by SoftVest, L.P. and affiliates to vote at a special meeting on December 16, 2025 at 1:00 P.M. Central Time. The solicitation seeks support for a non-binding proposal authorizing beneficiaries to pursue a judicial reformation of the Trust Indenture to allow future amendments to be approved by a simple majority of votes cast at a quorumed meeting. A second proposal would permit adjournment to solicit additional proxies.
The Trust Indenture currently requires super‑majority thresholds for key actions, including asset sales, termination, and amendments. SoftVest argues that dispersed ownership makes such super‑majority approvals difficult and that a simple‑majority standard could enable actions such as a potential conversion to a corporate or LLC structure and other strategic transactions, each still subject to separate approvals. SoftVest reports beneficial ownership of 6,217,107 Units (about 13.3%). The record date is November 11, 2025, with 46,608,796 Units outstanding as of October 10, 2025. Returned proxy cards without voting instructions on these items will be voted FOR by the soliciting participants’ proxies.
Permian Basin Royalty Trust furnished an 8-K under Item 2.02 announcing its monthly cash distribution to unitholders of record on October 31, 2025. The details were provided in a press release attached as Exhibit 99.1 and dated October 21, 2025.
The information was furnished, not filed, under the Exchange Act, meaning it is not subject to Section 18 liabilities and is not incorporated by reference into Securities Act filings. The Trust’s units of beneficial interest trade on the NYSE under the symbol PBT, with Argent Trust Company serving as trustee.
Permian Basin Royalty Trust (PBT) received an amended Schedule 13D from SoftVest Advisors, SoftVest GP I, SoftVest, L.P., and Eric L. Oliver. The group reports beneficial ownership of 6,217,107 Units, representing 13.3% of the class.
The percentage is based on 46,608,796 Units outstanding as reported in a Form 10-Q filed on August 13, 2025. The reporting persons have 0 sole and 6,217,107 shared voting and dispositive power. On October 15, 2025, they filed a preliminary proxy statement for a Special Meeting; excerpts are attached as an exhibit. The filing notes that, if the Proposed Conversion is effected, Mr. Oliver may stand for election to Newco’s board of directors.
Permian Basin Royalty Trust announced that the Trustee received a request from SoftVest Advisors and other holders owning more than 15% of outstanding units to call a special meeting of unitholders. The Trustee intends to call the meeting for December 16, 2025, with a record date of November 11, 2025.
The requested vote would support SoftVest or another appropriate party taking actions to seek judicial reformation of the Trust Indenture so that amendments could be approved by a majority of Units cast at a special meeting where a quorum is present. The Trustee stated it is not soliciting proxies; SoftVest and/or other holders are expected to file a proxy statement. Further details will be provided in the Trustee’s notice and in SoftVest’s proxy materials filed with the SEC.
SoftVest-affiliated parties report beneficial ownership of 6,217,107 Units, representing
SoftVest and related reporting persons disclosed ownership of 6,217,107 Units of Beneficial Interest in Permian Basin Royalty Trust, equal to approximately
The filing outlines a strategic plan: seek a trustee-called special meeting to approve a non-binding proposal supporting a judicial reformation of the Trust Indenture to permit conversion of the Trust into a corporation ("Newco"), followed by a potential transfer of assets, distribution of Newco shares and termination of the Trust. The filing notes legal and voting hurdles — the Indenture currently requires at least a
Permian Basin Royalty Trust (PBT) reporting persons led by Eric Lee Oliver and affiliated SoftVest entities disclosed written short put options that create obligations to buy units if exercised. The Form 4 records two short put contracts dated 09/19/2025: a $10 strike covering 7,723 options tied to 772,300 underlying trust units and a $7.50 strike covering 864 options tied to 86,400 underlying trust units. The reporting group holds these positions indirectly through SoftVest, LP, with SoftVest Advisors, LLC and SoftVest GP I, LLC described as manager and general partner and Mr. Oliver as managing member. The filing explains these short puts were written prior to the reporting persons becoming Section 16 insiders and their expirations are exempt from Section 16(b).
Permian Basin Royalty Trust filed a current report describing a new monthly cash distribution for its unitholders. The trust states that it issued a press release on September 19, 2025 announcing this distribution for unitholders of record on September 30, 2025. The filing notes that the press release, attached as Exhibit 99.1, provides the detailed information about this payment.
The trust also clarifies that this information is being furnished under the results of operations and financial condition disclosure item and is not considered "filed" for purposes of certain liability provisions under securities laws. Argent Trust Company signs the report in its role as trustee for Permian Basin Royalty Trust.