Permianville Royalty Trust sets $0.016 payout
Permianville Royalty Trust declared a $0.016 per unit October 2026 distribution, supported by higher recent receipts but alongside rising operating expenses and capital spending.
Rhea-AI Filing Summary
Permianville Royalty Trust (PVL) declared a monthly cash distribution of $0.016000 per unit, payable on October 14, 2026, to unitholders of record on September 30, 2026. The distribution is based primarily on June 2026 oil production and May 2026 natural gas production, plus July 2026 costs.
Underlying oil sales volumes for the current month’s calculation were 42,472 Bbls at an average realized price of $92.96 per Bbl, while natural gas volumes were 554,438 Mcf at $2.21 per Mcf. Recorded oil cash receipts were $3.9 million and natural gas cash receipts were $1.2 million. Total accrued operating expenses rose to $2.9 million and capital expenditures to $1.7 million.
The Sponsor, COERT Holdings 1 LLC, is releasing $0.3 million from a previously established $2.0 million cash reserve for future development, leaving $1.8 million reserved. The Sponsor also closed a $0.3 million partial sale of non-producing acreage free of the Trust’s net profits interest; sale proceeds attributable to the Trust, net of expenses, will be included in an upcoming distribution.
Positive
- None.
Negative
- None.
Filing Explained
The buyer’s capital-expenditure carry adds a future funding mechanic, while later distributions remain conditional on prices and spending.
As a Form 8-K, this document reports a specified material event; here, it furnishes the attached distribution press release rather than filing that release for Section 18 purposes.
The additional holder-relevant mechanic is a future capital-expenditure carry from the buyer in the Sponsor’s acreage sale, alongside the separately described future distribution of the Trust’s net sale proceeds.
The release qualifies future distributions as dependent on commodity prices, production, capital expenditures and administrative expenses, and states that some periods could produce no distribution.
8-K Event Classification
Key Figures
Key Terms
net profits interest financial
Underlying Properties financial
capital expenditures financial
cash reserve financial
forward-looking statements regulatory
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What distribution did Permianville Royalty Trust (PVL) announce for October 2026?
What production period underlies the latest PVL distribution calculation?
What were PVL’s underlying oil and gas volumes and prices for the current month?
How much cash did PVL’s Underlying Properties generate this month?
What were PVL’s operating expenses and capital expenditures in the current month?
What changes did the PVL Sponsor make to its cash reserve for development?
What is the impact of the Sponsor’s partial sale of non-producing acreage on PVL?
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 18, 2026
Permianville Royalty Trust
(Exact name of registrant as specified in its charter)
| Delaware | 001-35333 | 45-6259461 | ||
|
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification No.) | ||
|
The Bank of New York Mellon Trust Company, N.A., Trustee 601 Travis Street Houston, Texas |
77002 | |||
| (Address of principal executive offices) | (Zip Code) | |||
Registrant’s telephone number, including area code: (512) 236-6555
Not applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading symbol | Name of each exchange on which registered |
| Units of Beneficial Interest | PVL | The New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ¨
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
| Item 2.02 | Results of Operations and Financial Condition. |
On September 18, 2026, Permianville Royalty Trust (the “Trust”) issued a press release announcing the Trust’s distribution to be paid in October 2026. A copy of the press release is furnished as Exhibit 99.1 hereto and is incorporated herein by reference.
Pursuant to General Instruction B.2 of Form 8-K and Securities and Exchange Commission Release No. 33-8176, the press release attached as Exhibit 99.1 is not “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, is not subject to the liabilities of that section and is not deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, but is instead furnished for purposes of that instruction.
| Item 9.01 | Financial Statements and Exhibits. |
| (d) | Exhibits. |
| Exhibit Number | Description |
| 99.1 | Permianville Royalty Trust Press Release dated September 18, 2026. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Permianville Royalty Trust | ||
| By: The Bank of New York Mellon Trust Company, N.A., as Trustee | ||
| Date: September 18, 2026 | By: | /s/ Sarah Newell |
| Sarah Newell | ||
| Vice President | ||
Exhibit 99.1
Permianville Royalty Trust Announces Monthly Cash Distribution
HOUSTON, Texas—(BUSINESS WIRE)—September 18, 2026
Permianville Royalty Trust (NYSE: PVL, the “Trust”) today announced a cash distribution to the holders of its units of beneficial interest of $0.016000 per unit, payable on October 14, 2026, to unitholders of record on September 30, 2026. The net profits interest calculation represents reported oil production for the month of June 2026 and reported natural gas production during May 2026. The calculation includes accrued costs incurred in July 2026.
The following table displays reported underlying oil and natural gas sales volumes and average received wellhead prices attributable to the current and prior month recorded net profits interest calculations.
| Underlying Sales Volumes | Average Price | |||||||||||||||||||||||
| Oil | Natural Gas | Oil | Natural Gas | |||||||||||||||||||||
| Bbls | Bbls/D | Mcf | Mcf/D | (per Bbl) | (per Mcf) | |||||||||||||||||||
| Current Month | 42,472 | 1,416 | 554,438 | 17,885 | $ | 92.96 | $ | 2.21 | ||||||||||||||||
| Prior Month | 34,255 | 1,105 | 468,658 | 15,612 | $ | 95.23 | $ | 2.37 | ||||||||||||||||
Recorded oil cash receipts from the oil and gas properties underlying the Trust (the “Underlying Properties”) totaled $3.9 million for the current month on realized wellhead prices of $92.96/Bbl, up $0.6 million from the prior month’s oil cash receipts.
Recorded natural gas cash receipts from the Underlying Properties totaled $1.2 million for the current month on realized wellhead prices of $2.21/Mcf, up $0.1 million from the prior month.
Total accrued operating expenses increased $0.2 million from the prior month to $2.9 million, and capital expenditures increased $1.4 million from the prior month at $1.7 million.
The Sponsor has indicated to the Trustee that the recent uptick in oil prices has increased the potential for drilling by certain operators of the Underlying Properties. Given the increase in the current month’s reported capital spending, COERT Holdings 1 LLC (the “Sponsor”) has notified the Trustee that the Sponsor is releasing $0.3 million of the previously disclosed cash reserve of $2.0 million that it has established for approved, future development expenses on the Underlying Properties. The Sponsor will continue to hold the remaining cash reserve of $1.8 million to fund an expected increase in billed development expenses; however, if those expenses are ultimately delayed or are less than expected, or if the outlook changes, amounts reserved but unspent will be released as an incremental cash distribution in a future period.
In addition, in September 2026 the Sponsor closed on a partial sale of non-producing acreage for $0.3 million, free and clear of the Trust’s net profits interest. The sale also includes a future capital expenditure carry from the buyer . The sale proceeds attributable to the Trust’s net profits interest, net of customary sale and legal expenses, will be included in an upcoming monthly distribution to unitholders.
About Permianville Royalty Trust
Permianville Royalty Trust is a Delaware statutory trust formed to own a net profits interest representing the right to receive 80% of the net profits from the sale of oil and natural gas production from certain, predominantly non-operated, oil and gas properties in the states of Texas, Louisiana and New Mexico. As described in the Trust’s filings with the Securities and Exchange Commission (the “SEC”), the amount of the periodic distributions is expected to fluctuate, depending on the proceeds received by the Trust as a result of actual production volumes, oil and gas prices, the amount and timing of capital expenditures, and the Trust’s administrative expenses, among other factors. Future distributions are expected to be made on a monthly basis. For additional information on the Trust, please visit www.permianvilleroyaltytrust.com.
Forward-Looking Statements and Cautionary Statements
This press release contains statements that are “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release, other than statements of historical facts, are “forward-looking statements” for purposes of these provisions. These forward-looking statements include the amount and date of any anticipated distribution to unitholders, expectations regarding future development on the Underlying Properties and expected capital expenditures related to such future development. The anticipated distribution is based, in large part, on the amount of cash received or expected to be received by the Trust from the Sponsor with respect to the relevant period. The amount of such cash received or expected to be received by the Trust (and its ability to pay distributions) has been and will continue to be directly affected by the volatility in commodity prices, which can fluctuate significantly as a result of a variety of factors that are beyond the control of the Trust and the Sponsor. Low oil and natural gas prices will reduce profits to which the Trust is entitled, which will reduce the amount of cash available for distribution to unitholders and in certain periods could result in no distributions to unitholders. Other important factors that could cause actual results to differ materially include expenses of the Trust and reserves for anticipated future expenses. Initial production rates may not be indicative of future production rates and are not indicative of the amounts of oil and gas that a well may produce. In addition, future monthly capital expenditures may exceed the average levels experienced in 2025 and prior periods, which could reduce the amount of cash available for distribution to unitholders and in certain periods could result in no distributions to unitholders. Statements made in this press release are qualified by the cautionary statements made in this press release. Neither the Sponsor nor the Trustee intends, and neither assumes any obligation, to update any of the statements included in this press release. An investment in units issued by the Trust is subject to the risks described in the Trust’s filings with the SEC, including the risks described in the Trust’s Annual Report on Form 10-K for the year ended December 31, 2025, filed with the SEC on March 23, 2026. The Trust’s quarterly and other filed reports are or will be available over the Internet at the SEC’s website at http://www.sec.gov.
Contact
Permianville Royalty Trust
The Bank of New York Mellon Trust Company, N.A., as Trustee
601 Travis Street, 16th Floor
Houston, Texas 77002
Sarah Newell 1 (512) 236-6555