Permianville Royalty Trust reports no June distribution; cumulative shortfall narrows to $3.9M

Permianville Royalty Trust

Cumulative net profits shortfall decreased to $3.9M from $4.5M; no distribution payable in June 2024.
Oil production 38,824 Bbls at avg $74.93/Bbl; natural gas 253,759 Mcf at $2.43/Mcf.
Oil cash receipts $2.9M, down $4.9M month-over-month; gas cash receipts $0.6M, down $0.5M.
Capital expenditures dropped to $0.4M from $8.1M; total accrued operating expenses $2.3M.
Sponsor anticipates positive net profits later in 2024 based on current commodity prices.

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