other_material
confidence high
sentiment negative
materiality 0.70
Permianville Royalty Trust reports no July distribution; net profits shortfall persists
Permianville Royalty Trust
- No monthly distribution payable in July 2025; cash available was $0 after repaying $0.1M advance.
- Oil production 33,806 Bbls at $68.01/Bbl; natural gas 435,227 Mcf at $2.62/Mcf; both down from prior month.
- Total accrued operating expenses rose $0.3M to $2.4M, capex up $0.2M to $1.0M due to Haynesville drilling.
- Trust expects positive net profits in 2025 per sponsor, but only after shortfall and advances are eliminated.
item 2.02item 9.01