Monitor upcoming months for the full production impact of the three new Haynesville wells and whether the development reserve is ultimately released as incremental distributions or consumed by capex. The partial acreage sale proceeds in the November distribution provide a small one-time boost.
Price Chart
Executive Summary
Permianville Royalty Trust announced a monthly cash distribution of $0.015 per unit, payable November 13, 2026. Oil cash receipts fell $0.8M sequentially to $3.1M on lower volumes and prices, while natural gas cash receipts rose $1.2M to $2.4M helped by initial production from three new Haynesville wells. The distribution is down from $0.017 per unit in the prior month, reflecting mixed production trends and continued reserve withholding for future development.
Key Facts
- Monthly distribution of $0.015 per unit, down from $0.017 per unit in the prior month
- Oil cash receipts: $3.1M (down $0.8M vs prior month) on 38,067 Bbls at $81.06/Bbl
- Natural gas cash receipts: $2.4M (up $1.2M vs prior month) on 783,863 Mcf at $3.05/Mcf
- First month of production from three newly drilled Haynesville wells contributed to natural gas revenue increase
- Total accrued operating expenses: $2.6M (down $0.3M); capital expenditures: $1.6M (down $0.1M)
- Sponsor withheld additional $0.3M for development reserve, bringing total reserve to $2.0M
- Partial sale of non-producing acreage closed in September 2026 for $0.3M; proceeds to be included in November distribution
Financial Impact
Distribution decreased ~12% month-over-month from $0.017 to $0.015 per unit; oil receipts fell $0.8M while gas receipts rose $1.2M
Risk Factors
- Continued decline in oil prices or volumes could further reduce distributions
- Development reserve withholding reduces current cash available for unitholders
- New well production rates may not be sustained at initial levels
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-116914 |
| Document: tm2627850d1_8k.htm | 0001104659-26-116914 |
| Document: 0001104659-26-116914-index-headers.html | 0001104659-26-116914 |
| Document: 0001104659-26-116914-index.html | 0001104659-26-116914 |
| Document: 0001104659-26-116914.txt | 0001104659-26-116914 |
| 8-K Data (Synthetic) | 0001104659-26-116914 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 19, 2026 8d ago | 8-K | $1.80 | awaiting T+20 | — | $1.76 (−1.95%) |
Jun 18, 2026 18w ago | 8-K | $1.79 $1.73 | ▼ −3.35% | ▼ −3.20% | $1.76 (−1.68%) |
May 18, 2026 23w ago | 8-K | $1.95 $1.80 | ▼ −7.48% | ▼ −8.47% | $1.76 (−9.54%) |
Apr 17, 2026 27w ago | 8-K | $1.82 $1.98 | ▲ +8.77% | ▲ +4.57% | $1.76 (−3.32%) |
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