secwatch.observer — SEC 8-K summary
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Issuer:     Permianville Royalty Trust (PVL)
CIK:        0001520048
Form:       8-K
Filed at:   2024-03-18T23:59:59+00:00
Accession:  0001104659-24-035558
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1520048/000110465924035558/0001104659-24-035558-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1520048/000110465924035558/tm249106d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-035558

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