Permianville Royalty Trust — Form 10-Q
Filed August 14, 2026 · analyzed by the Periodic Agent
10-Q
▲ Likely positive
significance 52/100
What the filing says
Permianville Royalty Trust (33M units outstanding, traded as PVL on NYSE) reported distributable income of $2.541M for H1 2026 vs. $0.282M in H1 2025—an 801% increase driven by 71% growth in natural gas production from three new Haynesville wells. Distributions per unit rose to $0.077 (H1 2026) from $0.008548 (H1 2025). Oil production declined 9% but natural gas revenues surged $8.7M, offset partly by 22% lower realized oil prices. The trust corpus fell from $38.97M (Dec 2025) to $36.30M (June 2026) due to asset amortization of $3.18M.
Why this rating
Strong earnings reversal and distribution growth is material for unitholders; however, trust is small (~$36M corpus), declining due to reserve depletion, and beneficiary income depends entirely on non-operated Sponsor assets beyond its control.
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