Permianville Royalty Trust (PVL) Announces $0.017 July Distribution

Permianville Royalty Trust declared a monthly cash distribution of $0.017 per unit, payable on July 15, 2026, to holders of its units as of June 30, 2026.

The distribution is based on the trust's share of oil and natural gas sales from properties it holds a net profits interest in—meaning it receives 80% of the net profits from production on certain oil and gas properties located in Texas, Louisiana, and New Mexico. The calculation includes March 2026 oil production and February 2026 natural gas production, along with operating costs incurred through April 2026.

Production and Pricing

During the current month (the calculation period), the underlying properties produced 31,005 barrels of oil at an average wellhead price of $82.93 per barrel, generating $2.6 million in cash receipts. Oil production was slightly down from the prior month's 32,098 barrels, but the higher price per barrel pushed receipts up by $0.6 million.

Natural gas output totaled 548,911 thousand cubic feet at an average price of $4.74 per thousand cubic feet, generating $2.6 million. This was down $0.5 million from the prior month, which saw higher volumes at a slightly higher price.

Operating Costs and Reserve

Total accrued operating expenses decreased to $2.1 million from the prior month, while capital expenditures remained flat at $1.5 million.

The trust's sponsor, COERT Holdings 1 LLC, has set aside an additional $0.3 million in a cash reserve for planned development work, bringing the total reserve to $1.8 million. The sponsor is withholding this amount from the current month's cash distribution. The funds are earmarked for drilling and completion of three additional Haynesville wells; the sponsor indicated that drilling has recently been completed, with remaining capital work and conversion to production expected in the coming months. If spending ultimately comes in below expectations or is delayed, the sponsor said unused amounts would be released as additional distributions to unitholders in future periods.

About the Trust

Permianville Royalty Trust is a Delaware statutory trust that owns a net profits interest in predominantly non-operated oil and gas properties. Monthly distributions to unitholders fluctuate based on production volumes, commodity prices, capital spending, and administrative costs.