Quarterly ResultMay 15, 2026, 04:38 PM
Permianville Royalty Trust Q1 Distributable Income $1.42M
AI Summary
Permianville Royalty Trust reported distributable income of $1.42 million, or $0.043 per unit, for Q1 2026, a significant improvement from zero in Q1 2025. This turnaround was driven by a 144% increase in net profits from underlying properties to $1.32 million, despite a 27% decrease in oil sales. The Trust reaffirmed its 2026 capital spending outlook of $9.0 million to $15.0 million, expecting expenditures to trend towards the higher end.
Key Highlights
- Q1 2026 distributable income was $1,419,000, up from $0 in Q1 2025.
- Distributable income per unit was $0.043 for Q1 2026, compared to $0 in Q1 2025.
- Net profits from underlying properties increased 144% to $1,319,133 in Q1 2026.
- Total gross profits rose 4% to $11,047,133, driven by 137% increase in natural gas sales.
- Oil sales decreased 27% to $6,218,262, with realized oil prices down 20% to $59.74/Bbl.
- Natural gas production volumes increased 48%, and realized prices rose 59% to $2.76/Mcf.
- 2026 capital spending outlook reaffirmed at $9.0M-$15.0M, trending towards higher end.
- Subsequent distributions of $0.010000 per unit paid April 14, 2026, and declared April 17, 2026.
Price Impact
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