other material
confidence high
sentiment neutral
materiality 0.55
Permianville Royalty Trust: no April monthly distribution; $0.0085/unit special distribution
Permianville Royalty Trust
- Cumulative net profits shortfall declined to $1.1M from $1.4M; no distribution payable April 2025 to March 31 record holders.
- Special cash distribution of $282,072 ($0.008548/unit) from released withheld proceeds of August 2023 Permian Basin sale; payable April 14.
- Oil volumes: 37,097 Bbls at $75.52/Bbl; gas: 474,050 Mcf at $1.90/Mcf.
- Operating expenses rose $0.3M to $2.3M; capex $1.0M elevated due to drilling of three Haynesville wells by a super major.
- Sponsor expects Underlying Properties to return to positive net profits in 2025; distributions resume only after shortfall eliminated.