The distribution remains stable at $0.017/unit, but the $1.8M reserve for Haynesville wells introduces uncertainty. Monitor upcoming months for conversion of those wells to first sales, which could release reserve funds and boost distributions. The decline in production volumes is a headwind, partially offset by higher oil prices.
Price Chart
Executive Summary
Permianville Royalty Trust announced a monthly cash distribution of $0.017 per unit for July 2026, based on March 2026 oil and February 2026 natural gas production. Oil volumes declined 3.4% month-over-month but were offset by a 36% increase in realized oil prices, while natural gas volumes fell 10.8% with a 5.2% price decline. The trust also added $0.3M to a development reserve for Haynesville wells, now totaling $1.8M, which may reduce near-term distributions but signals future production growth.
Key Facts
- Distribution of $0.017 per unit, payable July 15, 2026 to holders of record June 30, 2026.
- Oil production: 31,005 Bbls (1,000 Bbls/d) at $82.93/Bbl, down from 32,098 Bbls prior month.
- Natural gas production: 548,911 Mcf (18,297 Mcf/d) at $4.74/Mcf, down from 615,097 Mcf prior month.
- Oil cash receipts: $2.6M (up $0.6M); gas cash receipts: $2.6M (down $0.5M).
- Operating expenses: $2.1M (down $0.2M); CapEx: $1.5M (unchanged).
- Additional $0.3M withheld for Haynesville development reserve, total reserve $1.8M; drilling completed, first sales expected in coming months.
Financial Impact
Distribution unchanged from prior month at $0.017/unit; reserve build reduces current cash available by $0.3M but may support future distributions.
Risk Factors
- Commodity price volatility could reduce future net profits and distributions.
- Production volumes continue to decline, with oil down 3.4% and gas down 10.8% month-over-month.
- Capital expenditures and development costs may exceed expectations, further reducing cash available for distribution.
- Haynesville well conversion may be delayed, prolonging the reserve build and limiting distribution upside.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-075749 |
| Document: tm2618111d1_8k.htm | 0001104659-26-075749 |
| Document: 0001104659-26-075749-index-headers.html | 0001104659-26-075749 |
| Document: 0001104659-26-075749-index.html | 0001104659-26-075749 |
| Document: 0001104659-26-075749.txt | 0001104659-26-075749 |
| 8-K Data (Synthetic) | 0001104659-26-075749 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 19, 2026 7d ago | 8-K | $1.80 | awaiting T+20 | — | $1.78 (−0.84%) |
Jun 18, 2026 18w ago | 8-K | $1.79 $1.73 | ▼ −3.35% | ▼ −3.20% | $1.78 (−0.56%) |
May 18, 2026 23w ago | 8-K | $1.95 $1.80 | ▼ −7.48% | ▼ −8.47% | $1.78 (−8.51%) |
Apr 17, 2026 27w ago | 8-K | $1.82 $1.98 | ▲ +8.77% | ▲ +4.57% | $1.78 (−2.22%) |
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