Permianville Royalty Trust
PVL
New York Stock Exchange- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- John W. Arms
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- 601 Travis Street Houston TX United States of America 77002
- IPO Date
- Nov 3, 2011
- CIK
- 0001520048
- Website
- permianvilleroyaltytrust.com
- Similar Companies
- Business
- Permianville Royalty Trust (NYSE: PVL) is a Delaware statutory trust that owns a net profits interest representing the right to receive 80% of the net profits from the sale of oil and natural gas production from predominantly non-operated properties in Texas, Louisiana, and New Mexico; these Underlying Properties are divided into the Permian Basin region, including conventional and unconventional assets, and the East Texas/North Louisiana region, encompassing producing and non-producing interests in oil and natural gas units, wells, and lands, with a focus on the Permian and Haynesville basins. The Trust holds these interests for the benefit of its unitholders, distributing monthly cash proceeds net of operating expenses, capital expenditures, and administrative costs, subject to fluctuations from production volumes, commodity prices, and development activities. Founded in 2011 as Enduro Royalty Trust and renamed Permianville Royalty Trust in September 2018 following its acquisition by COERT Holdings 1 LLC (the Sponsor), which assumed obligations from Enduro Resource Partners LLC, the Trust is headquartered at 601 Travis Street, 16th Floor, Houston, Texas 77002, with The Bank of New York Mellon Trust Company, N.A. serving as Trustee and Argent Trust Company as an overseeing entity. In recent developments, the Sponsor sold a non-producing partial Permian acreage stake in September 2025 to a private equity-funded buyer for $0.4 million, with proceeds attributable to the Trust's net profits interest included in the November 2025 cash distribution calculation of $0.029 per unit; additionally, the Sponsor established a $1.3 million cash reserve by November 2025 for approved future development expenses, primarily related to three incremental Haynesville wells, withholding $0.6 million from the current month's net profits. The Trust reinstated monthly distributions in late 2024 after a suspension earlier that year due to net profit shortfalls amid low commodity prices and high costs, with oil production volumes increasing 45% in fiscal 2024 from new Permian wells while gas volumes rose 8%. These operational adjustments and reserves reflect strategic responses to anticipated capital spending increases and commodity price volatility affecting distributions.