PVL

Annual Report Filing: Permianville Royalty Trust filed its Annual Report on Form 10-K for the year ended December 31, 2024, with the SEC on March 19, 2025, and it is available on both the Trust's website and the SEC's website.

Request for Printed Copy: Unitholders can request a free printed copy of the Annual Report, which includes audited financial statements, by sending a written request to the Trust's address in Houston, Texas.

Net Profits Interest Calculation: Permianville Royalty Trust announced a shortfall of approximately $1.3 million for January 2025 due to elevated capital expenditures, resulting in no monthly distribution for February 2025 to unitholders.

Future Distributions and Risks: The Trust anticipates resuming distributions once the cumulative net profits shortfall is eliminated, but future cash flows are subject to volatility in commodity prices and other operational expenses.

Net Profits Interest Calculation: Permianville Royalty Trust announced a shortfall of approximately $0.9 million for December 2024 due to increased capital expenditures, resulting in no monthly distribution for January 2025 to unitholders.

Future Projections: The Trust anticipates returning to positive net profits in 2025, contingent on commodity prices and production volumes, while highlighting the risks associated with fluctuating oil and gas prices affecting future distributions.

Cash Distribution Announcement: Permianville Royalty Trust announced a cash distribution of $0.010500 per unit, payable on December 13, 2024, based on oil and natural gas production from August and July 2024, respectively.

Production and Revenue Decline: The Trust reported a decrease in oil and natural gas production and revenues compared to the previous month, attributed to elevated production levels from new wells in the prior calculation period.

Cash Distribution Announcement: Permianville Royalty Trust announced a cash distribution of $0.015000 per unit, payable on November 15, 2024, based on increased oil and natural gas production and revenues from recent well operations.

Financial Performance Overview: The Trust reported significant increases in oil and natural gas cash receipts compared to the previous month, alongside rising capital expenditures and a reserve establishment for future development expenses.

Cash Distribution Announcement: Permianville Royalty Trust announced a cash distribution of $0.014000 per unit, payable on October 15, 2024, based on oil and natural gas production from June and May 2024, respectively.

Production and Financial Overview: The Trust reported a decrease in oil cash receipts to $3.0 million while natural gas receipts increased to $0.6 million; total operating expenses rose to $2.5 million, indicating fluctuations in revenue due to commodity price volatility.

Market Performance: Rental, leasing, and royalty shares are down approximately 1.2%, with Permianville Royalty Trust and San Juan Basin Royalty Trust leading the decline at 2.5% and 2.1%, respectively.

Sector Laggards: The oil and gas exploration & production sector is also lagging behind in market performance on Friday.

Market Performance: Rental, leasing, and royalty shares are underperforming the market, with a decline of approximately 0.6%, primarily driven by drops in Permianville Royalty Trust and Voc Energy Trust.

Sector Laggards: The video highlights the manufacturing, rental, leasing, and royalty sectors as laggards in the market on Wednesday.

Cash Distribution Announcement: Permianville Royalty Trust announced a cash distribution of $0.035000 per unit, payable on September 16, 2024, based on oil and natural gas production reported for May and April 2024, respectively.

Production and Revenue Decline: The Trust reported a decrease in oil and natural gas cash receipts due to lower production volumes and prices, with total accrued operating expenses also declining significantly from the previous month.

Market Performance: Vehicle manufacturers' shares are down approximately 1.8%, with PACCAR and Polaris leading the decline at 8.2% and 7.2%, respectively.

Sector Laggards: The rental, leasing, and royalty sectors, along with vehicle manufacturers, are identified as laggards in the market on Tuesday.

Selective Insurance Group Performance: Shares of Selective Insurance Group fell 14.8% after reporting quarterly losses of $1.10 per share, missing analyst estimates of $1.49, along with sales of $1.196 billion that also fell short of the $1.204 billion expectation.

Stock Movements: Several stocks experienced significant changes, with Augmedix, Inc. surging 148.8% due to an acquisition announcement, while SunPower Corporation and Hyzon Motors Inc. saw sharp declines of 45.8% and 42%, respectively, following disappointing news.

Permianville Royalty Trust Announcement:

• Net profits interest calculation for April 2024 announced.
• No monthly distribution in May 2024 due to a $1.9 million shortfall.
• Distributions will resume once the $4.5 million cumulative net profits shortfall is eliminated.

Recorded Sales Volumes and Prices:

• Oil cash receipts increased to $7.8 million due to new Permian wells.
• Natural gas cash receipts totaled $1.1 million, up from the prior month.

Operating Expenses and Capital Expenditures:

• Total accrued operating expenses were $2.9 million.
• Capital expenditures increased to $8.5 million, primarily from new drilling projects.

Future Expectations:

• Sponsor anticipates positive net profits later in 2024 based on current commodity prices.
• Cumulative shortfall in net profits will be deducted from future calculations until eliminated.

• Net profits interest calculation for April 2024 based on oil and gas production reports.
• Elevated capital expenditures led to a $1.9 million shortfall, resulting in no May 2024 distribution.
• Recorded oil cash receipts increased to $7.8 million due to new Permian wells.
• Natural gas cash receipts totaled $1.1 million with an increase from the prior month.
• Total accrued operating expenses were $2.9 million, with capital expenditures rising to $8.5 million.

Net Profits Interest Calculation: Permianville Royalty Trust announced that due to a cumulative net profits shortfall, no distribution will be made to unitholders in April 2025, despite a slight decrease in the shortfall amount from $1.4 million to $1.1 million.

Special Cash Distribution: The Trust will issue a special cash distribution of $282,072, or $0.008548 per unit, on April 14, 2025, following the release of funds withheld from a previous property sale by the Sponsor.