secwatch.observer — SEC 8-K summary
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Issuer:     Permianville Royalty Trust (PVL)
CIK:        0001520048
Form:       8-K
Filed at:   2024-02-16T23:59:59+00:00
Accession:  0001104659-24-024917
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Permianville Royalty Trust will not pay March distribution; $1.25M shortfall from elevated capex
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- No monthly distribution for March 2024 (record date Feb 29) due to ~$1.25M shortfall; expenses exceeded cash receipts.
- Oil production 34,461 bbls (1,149 bbls/d) at $78.56/bbl; oil cash receipts $2.7M, down $1.5M month-over-month.
- Natural gas production 240,007 Mcf (7,742 Mcf/d) at $2.24/Mcf; cash receipts $0.5M, down $0.1M MoM.
- Total accrued operating expenses $2.8M (down $0.1M); capital expenditures $2.0M (up $1.4M) from multiple projects.
- Shortfall will be deducted from future net profits; no distributions until cumulative shortfall eliminated.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1520048/000110465924024917/0001104659-24-024917-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1520048/000110465924024917/tm246475d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-024917

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