other material
confidence high
sentiment negative
materiality 0.60
Permianville Royalty Trust reports net profits shortfall of $1.4M; no March distribution
Permianville Royalty Trust
- Cumulative shortfall declined from ~$2.2M to ~$1.4M; no distribution for March 2025 to unitholders of record Feb 28, 2025.
- Excluding shortfall, income would have been ~$0.8M or $0.02345 per unit.
- Oil production 39,754 Bbls (1,325 Bbls/d) at avg $76.61/Bbl; natural gas 380,827 Mcf (12,285 Mcf/d) at $1.97/Mcf.
- Total accrued operating expenses decreased $0.2M to $2.0M; capital expenditures decreased $2.0M to $0.9M, still elevated due to Haynesville drilling.
- Sponsor expects Underlying Properties to return to positive net profits in 2025 based on current commodity prices.