other material
confidence high
sentiment negative
materiality 0.65
Permianville Trust reports no May distribution; cumulative shortfall shrinks to $0.6M
Permianville Royalty Trust
- Cumulative net profits shortfall fell from $1.1M to $0.6M; no May 2025 distribution to unitholders of record Apr 30.
- Excluding shortfall, net profits interest income would have been $0.5M ($0.015941/unit).
- Oil production 37,927 Bbls at $72.92/Bbl; gas 379,445 Mcf at $2.66/Mcf; oil receipts $2.8M, gas $1.0M.
- Operating expenses dropped $0.2M to $2.1M; capex steady at $1.0M due to three Haynesville wells by a super major.
- Sponsor expects positive net profits in 2025; distributions cannot resume until shortfall eliminated.