Permianville Rty Tr - PVL STOCK NEWS

Permianville Royalty Trust (NYSE: PVL) announced its net profits interest calculation for June 2024, covering oil production from March 2024 and natural gas production from February 2024. The outstanding net profits shortfall reduced from $3.9 million to $3.3 million. Due to this shortfall, no distribution will be paid to unitholders in July 2024. Excluding the shortfall, the income would have been $0.6 million, or $0.01772 per unit. Oil production increased to 43,568 Bbls at an average price of $77.57 per Bbl, while natural gas production surged to 599,059 Mcf at $1.66 per Mcf. The total revenue from oil and gas was $4.4 million, with a $2.8 million operating expense and $0.9 million in capital expenditures. The Trust anticipates generating positive net profits later in 2024.

Permianville Royalty Trust (NYSE: PVL) announced the net profits interest calculation for May 2024, reflecting oil production from February 2024 and natural gas production from January 2024. Despite a decline in the cumulative net profits shortfall from $4.5 million to $3.9 million, no distribution will be paid in June 2024. The income from net profits interest would have been $0.6 million if not for the shortfall. The current month's oil and gas cash receipts totaled $2.9 million and $0.6 million respectively, both showing significant declines from the prior month due to prior periods' production inclusion. Operating expenses were $2.3 million, with a $0.6 million decrease, and capital expenditures dropped $8.1 million to $0.4 million. The Trust anticipates returning to positive net profits later in 2024 based on current commodity prices.

Permianville Royalty Trust (NYSE: PVL) announced the net profits interest calculation for April 2024, revealing a shortfall of approximately $1.9 million due to elevated capital expenditures. As a result, no monthly distribution will be paid in May 2024. The Trust will resume distributions once the cumulative net profits shortfall of approximately $4.5 million is eliminated. Recorded sales volumes and cash receipts increased significantly month-over-month, driven by new Permian wells. Total accrued operating expenses and capital expenditures also saw notable increases. The Sponsor indicated that the Trust is expected to return to generating positive net profits later in 2024.

Permianville Royalty Trust (PVL) released its Annual Report on Form 10-K for 2023, filed with the SEC on March 22, 2024. The report is accessible on the Trust's website and the SEC's site. Unitholders can request a printed copy for free. Contact details provided.

Permianville Royalty Trust (PVL) announces no distribution for April 2024 due to a $1.4 million shortfall in net profits. The cumulative shortfall now totals approximately $2.6 million. The Trust's net profits interest calculation includes reported oil and gas production data for December 2023 and November 2023 respectively. The Trust incurred elevated capital expenditures this month, leading to expenses exceeding cash receipts. Recorded oil and gas sales volumes, wellhead prices, and operating expenses are detailed in the announcement.

Permianville Royalty Trust (PVL) announces no monthly distribution for March 2024 due to $1.25 million shortfall from capital expenditures exceeding cash receipts. Oil and gas sales volumes, prices, and cash receipts declined month-over-month, with total accrued operating expenses at $2.8 million and capital expenditures increasing to $2.0 million.

Permianville Royalty Trust (PVL) announced the net profits interest calculation for January 2024, revealing a repayment in full of the remaining outstanding net profits shortfall of approximately $0.9 million. This led to no cash available for distribution after the payment of Trust expenses and withholding of Trust reserves, resulting in no monthly distribution for February 2024. Excluding the net profits interest shortfall, income from the net profits interest in the current month would have been approximately $1.0 million. The reported underlying oil and natural gas sales volumes and average received wellhead prices attributable to the current and prior month recorded net profits interest calculations were also disclosed. Recorded oil cash receipts from the oil and gas properties underlying the Trust totaled $4.2 million for the current month, showing an increase driven by the receipt of revenues from new Permian wells turned to sales. Total accrued operating expenses for the period increased month-over-month, while capital expenditures remained consistent with the prior period. The cumulative shortfall in net profits has now been repaid, and the Sponsor anticipates positive net profits from the Underlying Properties next month.

Permianville Royalty Trust (NYSE: PVL) announced the net profits interest calculation for December 2023, revealing a decline in cumulative outstanding net profits shortfall and no distribution for January 2024. The reported oil and natural gas production, wellhead prices, and financial data were also disclosed.

Permianville Royalty Trust (PVL) announced the net profits interest calculation for November 2023, revealing a shortfall of $1.2 million, leading to no monthly distribution in December 2023. The recorded oil and natural gas sales volumes and average received wellhead prices were also disclosed, with a significant increase in capital expenditures. The Trust anticipates a return to positive net profits by early 2024.