dividend
confidence high
sentiment neutral
materiality 0.20
Permianville Royalty Trust declares $0.009/unit September distribution; oil sales volumes down
Permianville Royalty Trust
- Distribution of $0.009000/unit payable Sept 15, 2023 to holders of record Aug 31.
- Underlying oil sales 43,894 bbls at $71.99/bbl; natural gas 204,848 Mcf at $1.32/Mcf.
- Oil cash receipts $3.2M, down $2.4M from prior month due to delayed revenue conversion of ~$2.9M net to Trust.
- Operating expenses $2.9M consistent; capex decreased $2.1M to $0.1M.