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Stock impact report

Permianville Royalty Trust Announces Monthly Operational Update

Permianville Royalty Trust Trust Units (PVL) 
Last permianville royalty trust trust units earnings: 11/8 04:05 pm Check Earnings Report
Company Research Source: Business Wire
HOUSTON--(BUSINESS WIRE)--Permianville Royalty Trust (NYSE: PVL, the “Trust”) today announced the net profits interest calculation for January 2024. The net profits interest calculation represents reported oil production for the month of October 2023 and reported natural gas production during September 2023. The calculation includes accrued costs incurred in November 2023.As a result of the repayment in full of the remaining outstanding net profits shortfall of approximately $0.9 million, no cash remained available for distribution after the payment of Trust expenses and withholding of Trust reserves, and therefore no monthly distribution will be paid in February 2024 to the Trust’s unitholders of record on January 31, 2024. Excluding the net profits interest shortfall and the repayment of amounts previously advanced to the Trust for the payment of prior monthly expenses, income from the net profits interest in the current month would have been approximately $1.0 million.The follo Show less Read more
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