Permianville Royalty Trust: No monthly distribution in July due to no available cash.

• Permianville Royalty Trust announces net profits interest calculation for June 2025. • Oil production for March 2025 and natural gas production for February 2025. • Accrued costs incurred in April 2025 included in calculation. • No cash remaining for distribution after repaying $0.1 million cash advance. • No monthly distribution paid in July 2025 to unitholders of record on June 30, 2025.

Houston, Texas -- Permianville Royalty Trust (NYSE: PVL), a Delaware statutory trust, has announced its net profits interest calculation for June 2025. The calculation includes reported oil production for March 2025 and natural gas production for February 2025, along with accrued costs incurred in April 2025.

The net profits interest calculation revealed that no cash remained available for distribution after the repayment of an approximately $0.1 million cash advance to the Trust for the payment of prior monthly expenses. Consequently, no monthly distribution will be paid in July 2025 to the Trust’s unitholders of record on June 30, 2025. Excluding the repayment of amounts previously advanced to the Trust, income from the net profits interest in the current month would have been approximately $0.1 million, or $0.001683 per unit.

The Trust's underlying oil and natural gas sales volumes and average received wellhead prices for the current and prior month are as follows:

| Underlying Sales Volumes | Average Price |
|---|---|
| Oil | Natural Gas |
| Bbls | Bbls/D Mcf | Mcf/D | (per Bbl) | (per Mcf) |
| Current Month | 33,806 | 1,091 | 435,227 | 15,544 | $68.01 | $2.62 |
| Prior Month | 33,948 | 1,212 | 454,710 | 14,668 | $71.03 | $2.92 |

Recorded oil cash receipts from the oil and gas properties underlying the Trust totaled $2.3 million for the current month on realized wellhead prices of $68.01/Bbl, down $0.1 million from the prior month’s oil cash receipts. Recorded natural gas cash receipts totaled $1.1 million for the current month on realized wellhead prices of $2.62/Mcf, down $0.2 million from the prior month.

Total accrued operating expenses increased by $0.3 million from the prior month to $2.4 million. Capital expenditures also increased by $0.2 million from the prior month to $1.0 million. The capital expenditures in the current month remained elevated compared to historical monthly averages primarily due to continued drilling and completion of three Haynesville wells operated by a public super major oil company.

The Trust will not receive proceeds pursuant to its net profits interest until any net profits shortfall and prior monthly expense advancements to the Trust have been eliminated. If the Trust’s cash on hand is not sufficient to pay ordinary course administrative expenses and the Trust borrows funds or draws on the letter of credit that has been provided to the Trust, or if COERT Holdings 1 LLC (the “Sponsor”) advances funds to the Trust to pay such expenses, no further distributions will be made to Trust unitholders until such amounts borrowed or drawn, or advanced to the Trust, are repaid. At this time, based on current commodity prices, the Sponsor anticipates that the Underlying Properties will return to generating positive net profits in 2025.

For additional information on Permianville Royalty Trust, please visit www.permianvilleroyaltytrust.com.

References:

[1] https://www.stocktitan.net/news/PVL/permianville-royalty-trust-announces-monthly-operational-e99ueqafzw37.html