Permianville Royalty Trust posts $0.9M cumulative shortfall; no January 2024 distribution

Permianville Royalty Trust

Cumulative net profits shortfall declined to $0.9M from prior $1.2M; distribution suspended until shortfall eliminated.
Reported oil sales 30,663 Bbls at $86.53/Bbl; gas sales 263,045 Mcf at $2.30/Mcf.
Operating expenses $2.4M (-$0.4M M/M); CapEx $0.5M (-$1.5M M/M).
Sponsor expects underlying properties to return to positive net profits by early 2024.

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