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7.2992700729919E-05 7.2992700729919E-05 7.2992700729919E-05 7.2992700729919E-05 0.0291970802919708 -0.00729927007299271 -0.00729927007299271 -0.00729927007299271
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 March 2024. The net profits interest calculation represents reported oil production for the month of December 2023 and reported natural gas production during November 2023. The calculation includes accrued costs incurred in January 2024.As a result of the elevated capital expenditures recorded this month as described below, for which timing is not always ratable month-to-month, direct operating and development expenses exceeded cash receipts, leading to a shortfall of approximately $1.4 million this month. As a result, no monthly distribution will be paid in April 2024 to the Trust’s unitholders of record on March 28, 2024. Distributions to the Trust will resume once the cumulative net profits shortfall, which now totals approximately $2.6 million, is eliminated.The following table displays reported underlying oil and natural gas sales volumes and Show less Read more
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