Permianville Royalty Trust Announces Monthly Cash Distribution (Form 8-K)

Permianville Royalty Trust Announces Monthly Cash Distribution

HOUSTON, Texas-(BUSINESS WIRE)-March 16, 2026

Permianville Royalty Trust (NYSE: PVL, the "Trust") today announced a cash distribution to the holders of its units of beneficial interest of $0.010000 per unit, payable on April 14, 2026, to unitholders of record on March 31, 2026. The net profits interest calculation represents reported oil production for the month of December 2025 and reported natural gas production during November 2025. The calculation includes accrued costs incurred in January 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.

Recorded oil cash receipts from the oil and gas properties underlying the Trust (the "Underlying Properties") totaled $1.7 million for the current month on realized wellhead prices of $55.90/Bbl, down $0.2 million from the prior month's oil cash receipts. Oil sales were down due in part to a temporary delay in reported revenues from certain fields associated with the transfer of operatorship for a portion of the Underlying Properties.

Recorded natural gas cash receipts from the Underlying Properties totaled $3.4 million for the current month on realized wellhead prices of $2.97/Mcf, up $2.4 million from the prior month. The increase in natural gas sales in the current month is primarily due to prior period royalty adjustments and the timing of cash receipts from one major operator in the Haynesville area, which resulted in lower receipts in the prior month, as reported in last month's press release.

Total accrued operating expenses increased $0.6 million from the prior month to $3.0 million, and capital expenditures decreased $0.2 million from the prior month to $0.6 million.

As previously disclosed, COERT Holdings 1 LLC (the "Sponsor") has established a cash reserve for approved, future development expenses, primarily associated with three incremental Haynesville wells that an operator on the Underlying Properties has indicated it intends to drill in the coming months. Given the increase in expected spending, the Sponsor has notified the Trustee that it is withholding an additional $0.6 million from the current month's net profits to be added to this cash reserve. To date, the Sponsor has established a total reserve of $0.9 million for approved, future development expenses. This reserve is intended to fund an expected increase in 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.