Permianville Royalty Trust Announces April 2026 Distribution: Key Investor Insights

Summary of Announcement

Permianville Royalty Trust (NYSE: PVL) has declared a cash distribution of \$0.010000 per unit, payable on May 15, 2026, to unitholders of record as of April 30, 2026. The distribution is calculated based on net profits interest from reported oil production in January 2026 and natural gas production in December 2025, including accrued costs from February 2026.

Key Financial Highlights

• Oil Sales:
  • Current month underlying oil sales: 38,192 barrels (1,232 Bbls/day), up from 29,538 barrels (953 Bbls/day) in the prior month.
  • Average realized oil price: \$52.05/Bbl, down from \$55.90/Bbl in the prior month.
  • Oil cash receipts: \$2.0 million, an increase of \$0.3 million from the previous month, partly due to a temporary delay in reported revenues last month.
• Natural Gas Sales:
  • Current month underlying gas sales: 766,861 Mcf (24,737 Mcf/day), down from 1,133,064 Mcf (37,769 Mcf/day) in the prior month.
  • Average realized gas price: \$3.60/Mcf, up from \$2.97/Mcf in the prior month.
  • Natural gas cash receipts: \$2.8 million, a decrease of \$0.6 million compared to the prior month due to one-time prior period royalty adjustments.
• Expenses and Capital Expenditures:
  • Total accrued operating expenses: \$2.9 million, down \$0.1 million from the prior month.
  • Capital expenditures: \$0.9 million, up \$0.2 million from the previous month.

Strategic and Operational Developments

• Reserves for Development:
  • COERT Holdings 1 LLC (“Sponsor”) has increased the cash reserve for future development expenses by \$0.3 million this month, now totaling \$1.2 million.
  • Reserve is mainly to support drilling of three incremental Haynesville wells, expected in the coming months.
  • If the actual capital expenditures are less or delayed, any unspent reserved amounts will be released as future cash distributions.

Important Information for Shareholders

• The distribution amount may fluctuate due to changes in production volumes, commodity prices, timing of capital expenditures, and administrative expenses.
• The Sponsor’s decision to withhold additional funds for development reserves directly impacts the amount available for current distributions, and any release of these reserves in future periods could result in higher than expected distributions.
• Volatility in oil and gas prices remains a significant risk and can substantially affect future distributions. Periods of low prices may result in minimal or no distributions.
• Higher than average capital expenditures in the future, especially with the planned Haynesville wells, could further reduce distribution amounts.
• All statements regarding future distributions and development activities are forward-looking and subject to various risks, including commodity price fluctuations and changes in operational plans.

About Permianville Royalty Trust

Permianville Royalty Trust is a Delaware statutory trust with an 80% net profits interest in oil and gas properties primarily in Texas, Louisiana, and New Mexico. The Trust typically distributes cash monthly, but distribution levels can vary widely depending on market and operational factors.

Forward-Looking Statements

This report contains forward-looking statements regarding anticipated distributions, future development plans, and potential risks. Actual results may differ materially due to changes in commodity prices, production rates, capital expenditures, and other operational variables. Investors are encouraged to review all risk factors in the Trust’s latest SEC filings.

Contact

Permianville Royalty Trust
The Bank of New York Mellon Trust Company, N.A., Trustee
601 Travis Street, 16th Floor
Houston, Texas 77002
Sarah Newell: (512) 236-6555
www.permianvilleroyaltytrust.com

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should review the Trust’s filings with the SEC and consult with a financial advisor before making any investment decisions. All forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those projected.

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