[8-K] Permianville Royalty Trust Reports Material Event

Rhea-AI Filing Summary

Permianville Royalty Trust declared a cash distribution of $0.005000 per unit, payable on March 13, 2026 to unitholders of record on March 2, 2026.

The payout is based on net profits from November 2025 oil and October 2025 natural gas production. Oil volumes were 32,171 Bbls at an average realized price of $57.95 per Bbl, and natural gas volumes were 314,444 Mcf at $2.96 per Mcf. Oil cash receipts were $1.9 million and natural gas cash receipts $0.9 million. Operating expenses were $2.4 million and capital expenditures $0.9 million. The Sponsor is releasing $0.8 million from a prior cash reserve to help fund current capital spending, leaving $0.4 million in reserve for future development.

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): February 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 16th Floor 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 February 18, 2026, Permianville Royalty Trust (the “Trust”) issued a press release announcing the Trust’s distribution to be paid in March 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 February 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: February 18, 2026		By:	/s/ Sarah Newell
			Sarah Newell
			Vice President

Exhibit 99.1

 

Permianville Royalty Trust Announces Monthly Cash Distribution

HOUSTON, Texas—(BUSINESS WIRE)—February 18, 2026

Permianville Royalty Trust (NYSE: PVL, the “Trust”) today announced a cash distribution to the holders of its units of beneficial interest of $0.005000 per unit, payable on March 13, 2026, to unitholders of record on March 2, 2026. The net profits interest calculation represents reported oil production for the month of November 2025 and reported natural gas production during October 2025. The calculation includes accrued costs incurred in December 2025.

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				32,171				1,072				314,444				10,143			$	57.95			$	2.96
Prior Month				36,613				1,181				737,506				24,584			$	58.21			$	2.62

Recorded oil cash receipts from the oil and gas properties underlying the Trust (the “Underlying Properties”) totaled $1.9 million for the current month on realized wellhead prices of $57.95/Bbl, down $0.2 million from the prior month’s oil cash receipts.

Recorded natural gas cash receipts from the Underlying Properties totaled $0.9 million for the current month on realized wellhead prices of $2.96/Mcf, down $1.0 million from the prior month. The decrease in natural gas sales in the current month is primarily due to prior period adjustments and the timing of cash receipts from one major operator in the Haynesville area. Specifically, the operator of several new Haynesville wells brought online last year withheld royalties in the current month to reflect royalties the operator previously should have withheld with respect to a prior period. These adjustments did not affect production from these wells and the Underlying Properties. According to information from the operator, excluding these prior period adjustments, the natural gas production for the Underlying Properties recognized this month would have been approximately 756 MMcf, or over 24,000 Mcf per day.

Total accrued operating expenses decreased $0.4 million from the prior month to $2.4 million, and capital expenditures remained consistent with the prior month at $0.9 million.

Given the continued elevated level of capital expenditures on the Underlying Properties in the current month compared to recent months, COERT Holdings 1 LLC (the “Sponsor”) is releasing $0.8 million from the previously established cash reserve for approved, future development expenses to partially fund the current month’s capital expenditures. The remaining reserve of $0.4 million will be held to fund incremental future 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.

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 and expectations regarding future development on the Underlying Properties. 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, 2024, filed with the SEC on March 19, 2025. 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, 16^th Floor

Houston, Texas 77002

Sarah Newell 1 (512) 236-6555

FAQ

What cash distribution did Permianville Royalty Trust (PVL) announce for March 2026?

Permianville Royalty Trust announced a $0.005000 per unit cash distribution. It will be paid on March 13, 2026 to unitholders of record on March 2, 2026, reflecting recent net profits from the underlying oil and gas properties.

Which production periods support the latest PVL distribution?

The distribution is based on November 2025 oil production and October 2025 natural gas production. The net profits interest calculation also includes accrued costs from December 2025, tying the payout to several recent months of activity and expenses on the underlying properties.

How did oil and natural gas volumes and prices look for the current PVL calculation?

Underlying production totaled 32,171 Bbls of oil and 314,444 Mcf of natural gas. Average realized wellhead prices were $57.95 per Bbl for oil and $2.96 per Mcf for natural gas, driving current cash receipts to the Trust from the properties.

Why were Permianville Royalty Trust’s natural gas cash receipts lower this month?

Natural gas cash receipts fell to $0.9 million mainly due to prior period adjustments and timing of payments from a major Haynesville operator. Royalties were withheld to correct earlier periods, even though underlying production volumes from the affected wells were not impacted.

What did PVL disclose about operating expenses, capital expenditures, and reserves?

Total accrued operating expenses were $2.4 million, while capital expenditures were $0.9 million, similar to the prior month. The Sponsor is releasing $0.8 million from an existing cash reserve to help fund development, leaving $0.4 million for future expenses.

How does Permianville Royalty Trust’s structure affect its distributions?

The Trust owns a net profits interest in certain oil and gas properties, entitling it to 80% of net profits. Distributions fluctuate with production volumes, commodity prices, capital expenditures, and administrative costs, so monthly payouts like the $0.005000 per unit can vary over time.

Filing Exhibits & Attachments

1 document

Press Releases

• EX-99.1 EXHIBIT 99.1 17.9 KB