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.
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.
Permian Basin Royalty Trust entered into a material settlement agreement with Blackbeard Operating, LLC on August 19, 2025 resolving litigation related to royalties from Waddell Ranch properties. Under the agreement, Blackbeard will pay the Trust $9,000,000, with $4,500,000 due within 30 days and four additional quarterly installments of $1,125,000 each during the 2026 calendar year.
The settlement also sets an agreed overhead rate, allows pass-through of certain third-party charges for salt water disposal, gathering and transportation, and permits technical labor charges using a defined allocation method against the net overriding royalty. The Trust agreed not to pursue future claims for lost volumes in cases of ordinary line loss, while gaining the option to conduct annual site audits at its expense and receiving enhanced reporting from Blackbeard.
Permian Basin Royalty Trust filed a current report to note that it has announced a regular monthly cash distribution for its unitholders. The distribution will be paid to unitholders of record on August 29, 2025, as stated in a press release dated August 19, 2025.
The trust attached this press release as Exhibit 99.1 and incorporated it by reference. The information about results of operations and financial condition is being furnished under Item 2.02 of the Exchange Act and is expressly stated as not being deemed filed for liability purposes under Section 18 or automatically incorporated into other securities filings.
Permian Basin Royalty Trust (PBT) reported sharply lower royalty receipts and distributions for the periods ended June 30, 2025 due largely to a deficit on the Waddell Ranch properties and delayed operator reporting. Total assets were $1,867,939 with cash and short-term investments of $1,704,817 and net overriding royalty interests of $163,122. The Trust had a distribution payable of $604,817 and 46,608,796 units outstanding.
Royalty income for the three months ended June 30, 2025 was $3,089,889 versus $8,803,389 a year earlier, producing distributable income of $2,397,255 ($0.05 per unit) compared with $8,436,688 ($0.18 per unit) in Q2 2024. For six months, distributable income was $4,993,467 ($0.11 per unit) versus $13,928,894 ($0.30). The Waddell Ranch properties remain in deficit and the Trust reports total remaining to be recovered of $37,057,982 gross ($27,793,486 net to the Trust) as of June 30, 2025. The Trustee has ongoing litigation against Blackbeard seeking more than $9 million; trial is scheduled for November 17, 2025. The Trustee declared a distribution of $0.015311 per unit on July 21, 2025 payable August 14, 2025.
Permian Basin Royalty Trust (NYSE: PBT) filed a Form 8-K dated July 21 2025 to report that it has issued a press release announcing its regular monthly cash distribution. The distribution will be paid to unitholders of record on July 31 2025. No dollar amount, ex-distribution date, or payment date is disclosed in the filing; those details are expected to be contained in Exhibit 99.1, which is referenced but not included in the text provided. The information was furnished under Item 2.02 (Results of Operations and Financial Condition) and is therefore not deemed “filed” for liability purposes.
SoftVest Advisors, LLC, SoftVest GP I, LLC, SoftVest, LP and Eric L. Oliver jointly filed Amendment No. 4 to Schedule 13G for Permian Basin Royalty Trust (PBT), dated 30 June 2025.
The filing discloses beneficial ownership of 6,206,624 Units of Beneficial Interest, representing 13.3 % of PBT’s 46,608,796 outstanding units (per the issuer’s 14 May 2025 report). All voting and dispositive power is shared among the reporting persons; none is held solely.
- The securities are held by SoftVest, LP; SoftVest Advisors acts as investment adviser, SoftVest GP I is general partner, and Eric L. Oliver manages the entities.
- The Schedule is filed under Rule 13d-1(b)/(c)/(d), signalling a passive investment; the group certifies no intent to influence control.
- This stake positions SoftVest as a major unitholder, comfortably above the 5 % reporting threshold and likely among the trust’s largest holders.
Investor takeaway: the amendment confirms continued, sizeable institutional ownership, which may support trading liquidity and convey confidence in PBT’s royalty income stream. However, a single holder controlling over 13 % introduces concentration risk should the firm change its stance or liquidate.