# Permian Basin Royalty Trust (PBT)

> Source: Nexqual · https://nexqual.com/PBT · data as of 2026-10-29 20:00 UTC · cite as "Nexqual, Permian Basin Royalty Trust (PBT), nexqual.com/PBT" · informational, not investment advice.

## PBT major shareholder filing: Schedule 13D/A, Jul 29, 2026
SoftVest Advisors, LLC, SoftVest GP I, LLC, SoftVest, L.P. filed a Schedule 13D/A on Jul 29, 2026, reporting up to 13.30% of the class (more than 5% owner that may seek to influence the company). Item 4, Purpose of Transaction, quoted:

> Item 4 of the Original Schedule 13D is hereby amended and supplemented by adding the following: Combination Agreement On July 28, 2026, a combination agreement was entered into by PBT Land and Minerals, Inc. ("New PBT"), PBT Sub, Inc. (a wholly owned subsidiary of New PBT, "New PBT Sub"), PBT Land and Minerals OpCo, LLC ("OpCo"), Blackbeard Holdings, LLC ("Blackbeard Holdings"), Blackbeard Security Holdings, LLC ("Blackbeard Security"), and Greybeard Energy, LLC ("Greybeard Energy") (the "Combination Agreement"), pursuant to which, subject to the satisfaction or waiver of certain conditions and on the terms set forth therein, the parties will consummate a business combination (the "Business Combination") whereby New PBT would acquire (i) a majority of the assets and liabilities of the Trust and (ii) approximately 68,000 acres of surface estate and a 15% effective royalty interest associated with certain acreage and certain mineral interests owned directly or indirectly by Blackbeard Holdings. The Combination Agreement is attached as Exhibit 6 hereto and incorporated by reference herein. New PBT is a wholly-owned subsidiary of SoftVest. SoftVest created New PBT to facilitate the Business Combination and certain other transactions related thereto; SoftVest will transfer full ownership of New PBT to the Trust before the Business Combination is completed. …

Source: https://www.sec.gov/Archives/edgar/data/319654/000121390026083008/0001213900-26-083008-index.htm

**Price:** USD 32.46 (-2.81% on the day) · last close of Oct 29, 2026; US market after hours, not a live price. Prev close 33.4 · day 32.27–33.37 · 52w 16.25–37 · market cap $1.51B · NYQ

## Key facts
- Analysts: None.
- Next earnings: 2026-11-12 (date not yet confirmed by the company), EPS estimate USD —, revenue estimate $0K. All companies reporting that day: https://nexqual.com/earnings/2026-11-12
- Short interest: 5.90% of float (as of 2026-10-15), 8.8 days to cover.

## Analysts
Consensus None.

## Short interest
1,764,223 shares sold short, 5.90% of the float, as of Oct 15, 2026 (exchange short-interest report, published about twice a month). Prior report (Sep 15, 2026): 374,277 shares (+371.4%). Days to cover: 8.8 (short shares ÷ average daily volume).

## More
Full page: https://nexqual.com/PBT · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter | — | — | — | $0 | — |
| Next quarter (ends 2015-09-30) | — | — | — | $0 | — |
| Current fiscal year (ends 2015-12-31) | — | — | — | $0 | — |
| Next fiscal year | — | — | — | $0 | — |

## Earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| — | Quarter ended Mar 31, 2015 | $0.09 | $0.06 | Beat +50.0% | — |
| — | Quarter ended Dec 31, 2014 | $0.14 | $0.25 | Miss −44.0% | — |
| — | Quarter ended Sep 30, 2014 | $0.32 | $0.32 | In line | — |
| — | Quarter ended Jun 30, 2014 | $0.30 | $0.28 | Beat +7.1% | — |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).

## Recent SEC filings (last 120 days)
| Filed | Form | What it says | Filing |
|---|---|---|---|
| 2026-10-23 | 8-K | Other material event — “On October 23 , 2026, Argent Trust Company (the “Trustee”), as trustee of the Permian Basin Royalty Trust (the “Trust”) announced that it has received a request from SoftVest Advisors, LLC (“SoftVest”), together with other holders of units of beneficial interest (“Units”) who collectively with SoftVest own more than 15% of the outstanding Units of the Trust, to call a special meeting (“Special Meeting”) of the Trust's Unit holders to be held on…” | https://www.sec.gov/Archives/edgar/data/319654/000119312526430502/0001193125-26-430502-index.htm |
| 2026-10-23 | DEFA14A | Additional proxy material | https://www.sec.gov/Archives/edgar/data/319654/000119312526430497/0001193125-26-430497-index.htm |
| 2026-10-20 | 8-K | Quarterly results | https://www.sec.gov/Archives/edgar/data/319654/000119312526426034/0001193125-26-426034-index.htm |
| 2026-09-18 | 8-K | Quarterly results | https://www.sec.gov/Archives/edgar/data/319654/000119312526395269/0001193125-26-395269-index.htm |
| 2026-08-21 | 8-K | Quarterly results | https://www.sec.gov/Archives/edgar/data/319654/000119312526360716/0001193125-26-360716-index.htm |
| 2026-08-13 | 10-Q | Quarterly report · period ended Jun 30, 2026 | https://www.sec.gov/Archives/edgar/data/319654/000119312526348826/0001193125-26-348826-index.htm |
| 2026-07-30 | 425 | Merger or acquisition communication | https://www.sec.gov/Archives/edgar/data/319654/000121390026083017/0001213900-26-083017-index.htm |
| 2026-07-30 | 425 | Merger or acquisition communication | https://www.sec.gov/Archives/edgar/data/319654/000121390026083015/0001213900-26-083015-index.htm |
| 2026-07-29 | Schedule 13D/A | SoftVest Advisors, LLC, SoftVest GP I, LLC: 13.3% of shares, 5%+ holder that may seek to influence the company (amended) — “Item 4 of the Original Schedule 13D is hereby amended and supplemented by adding the following: Combination Agreement On July 28, 2026, a combination agreement was entered into by PBT Land and Minerals, Inc. ("New PBT"), PBT Sub, Inc. (a wholly owned subsidiary of New PBT, "New…” | https://www.sec.gov/Archives/edgar/data/319654/000121390026083008/0001213900-26-083008-index.htm |
| 2026-07-29 | 8-K | Regulation FD disclosure | https://www.sec.gov/Archives/edgar/data/319654/000119312526323159/0001193125-26-323159-index.htm |
| 2026-07-29 | 425 | Merger or acquisition communication | https://www.sec.gov/Archives/edgar/data/319654/000121390026082517/0001213900-26-082517-index.htm |
| 2026-07-29 | 425 | Merger or acquisition communication | https://www.sec.gov/Archives/edgar/data/319654/000121390026082512/0001213900-26-082512-index.htm |
| 2026-07-21 | 8-K | Quarterly results | https://www.sec.gov/Archives/edgar/data/319654/000119312526309825/0001193125-26-309825-index.htm |
| 2026-07-14 | 10-K/A | Annual report · period ended Dec 31, 2025 | https://www.sec.gov/Archives/edgar/data/319654/000119312526303155/0001193125-26-303155-index.htm |
Source: SEC EDGAR. Quotes are the opening words of each item as filed.