dividend
confidence high
sentiment negative
materiality 0.60
Permianville Royalty Trust declares $0.035/unit distribution; oil production down 58% MoM
Permianville Royalty Trust
- Monthly distribution of $0.035 per unit, payable Sept 16, 2024 to holders of record Aug 30.
- Oil cash receipts of $3.3M, down $4.6M from prior month due to prior-period adjustments and lower production.
- Oil production fell to 41,469 bbls (1,338 bbls/d) vs 97,721 bbls (3,257 bbls/d) prior month.
- Natural gas cash receipts of $0.5M, down $0.9M; gas production dropped to 394,278 Mcf (13,143 Mcf/d).
- Operating expenses decreased $1.4M to $1.8M; capex increased $0.2M to $0.6M.