other material
confidence high
sentiment negative
materiality 0.80
Permianville Trust suspends Feb distribution on $1.3M shortfall; cumulative deficit $2.2M
Permianville Royalty Trust
- Elevated capex caused $1.3M shortfall; no distribution payable in Feb 2025 to unitholders of record Jan 30.
- Cumulative net profits shortfall now $2.2M; distributions resume once shortfall eliminated.
- Oil sales 36,977 Bbls at $76.92/Bbl; natural gas 386,922 Mcf at $1.63/Mcf.
- Total operating expenses $2.2M; capex $2.9M (down $0.5M but still high).
- Sponsor expects positive net profits in 2025 based on current commodity prices.