Permianville Royalty Trust reports $1.4M shortfall; no April distribution

Permianville Royalty Trust

No monthly distribution in April 2024 due to $1.4M net profits shortfall; cumulative shortfall now $2.6M.
Oil production 31,680 Bbls at $72.37/Bbl, natural gas 201,825 Mcf at $2.18/Mcf, both down MoM.
Operating expenses $2.5M, capex $1.9M from 12 new drilling projects; majority completed and expected in pay status soon.
Sponsor anticipates Underlying Properties return to positive net profits later in 2024.

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