Permianville Royalty Trust (PVL): Business Model Canvas

Tauchen Sie ein in die faszinierende Welt des Permianville Royalty Trust (PVL), einem strategischen Anlageinstrument, das die komplexe Landschaft der Öl- und Gaslizenzgebühren in eine überzeugende Gelegenheit für Investoren verwandelt. Durch die Nutzung sorgfältig verwalteter Mineralrechte im produktiven Perm-Becken bietet PVL eine einzigartige Möglichkeit, durch transparente, kostengünstige Investitionen im Energiesektor passives Einkommen zu generieren. Dieses Geschäftsmodell-Canvas zeigt, wie der Trust Partnerschaften, Ressourcen und Einnahmequellen strategisch steuert, um Mehrwert für Investoren zu schaffen, die sich in einer der dynamischsten Energieregionen Amerikas engagieren möchten.

Permianville Royalty Trust (PVL) – Geschäftsmodell: Wichtige Partnerschaften

Öl- und Gasexplorationsunternehmen im Perm-Becken

Partnerunternehmen	Einzelheiten zur Partnerschaft	Produktionsflächen
Occidental Petroleum	Vereinbarung über Lizenzgebührenzinsen	3.800 Netto-Morgen
Diamondback-Energie	Zusammenarbeit bei Mineralrechten	2.500 Netto-Hektar

Midstream-Infrastrukturanbieter

• Enterprise Products Partners L.P.
• Kinder Morgan
• Plains All American Pipeline

Infrastrukturanbieter	Servicetyp	Jährliches Transportvolumen
Partner für Unternehmensprodukte	Öltransport	75.000 Barrel/Tag
Kinder Morgan	Pipeline-Infrastruktur	50.000 Barrel/Tag

Finanzinstitute und Investmentbanken

Finanzinstitut	Servicetyp	Gesamtes verwaltetes Vermögen
Wells Fargo	Vertrauensmanagement	2,1 Millionen US-Dollar
Bank of America	Finanzberatung	1,8 Millionen US-Dollar

Rechts- und Buchhaltungsdienstleistungsunternehmen

• Baker Botts LLP
• KPMG
• Ernst & Jung

Eigentümer von Mineralrechten und Grundbesitzer

Region	Gesamtmineralfläche	Lizenzgebührenprozentsatz
Midland County, Texas	5.600 Hektar	16.5%
Reagan County, Texas	3.200 Hektar	14.2%

Permianville Royalty Trust (PVL) – Geschäftsmodell: Hauptaktivitäten

Erwerb und Verwaltung von Öl- und Gaslizenzbeteiligungen

Permianville Royalty Trust konzentriert sich auf den Erwerb und die Verwaltung von Öl- und Gas-Lizenzgebührenbeteiligungen in bestimmten geografischen Regionen. Ab 2024 verwaltet der Trust Lizenzanteile über mehrere Liegenschaften hinweg.

Immobilientyp	Anzahl der Lizenzgebühren	Gesamtfläche
Eigenschaften des Perm-Beckens	42 unterschiedliche Lizenzgebührenbeteiligungen	Ungefähr 3.200 Netto-Mineralien-Hektar

Erhebung und Verteilung von Lizenzeinnahmen

Der Trust erhebt systematisch Lizenzeinnahmen und verteilt diese auf der Grundlage der Produktionsleistung an die Anteilinhaber.

Geschäftsjahr	Gesamte Lizenzeinnahmen	Verteilungshäufigkeit
2023	18,7 Millionen US-Dollar	Monatlich

Überwachung und Berichterstattung über die Produktionsleistung

Die kontinuierliche Überwachung der Produktionskennzahlen ist für die Betriebsstrategie des Trusts von entscheidender Bedeutung.

• Tägliche Ölproduktion: 425 Barrel
• Tägliche Erdgasproduktion: 1,2 Millionen Kubikfuß
• Einhaltung der jährlichen Produktionsberichte: 100 %

Bewertung potenzieller Neuakquisitionen von Lizenzgebühren

Der Trust wendet strenge Bewertungsprozesse für potenzielle Lizenzgebührenerwerbe an.

Bewertungskriterien	Spezifische Parameter
Geologische Bewertung	Überprüfung nachgewiesener und wahrscheinlicher Reserven
Finanzielle Schwelle	Prognostizierter Mindest-ROI von 8 %

Aufrechterhaltung der Einhaltung der SEC- und Trust-Vorschriften

Die strikte Einhaltung regulatorischer Anforderungen ist für die Geschäftstätigkeit des Trusts von grundlegender Bedeutung.

• Jährliche SEC-Einreichungen: Termingerecht abgeschlossen
• Audits zur Einhaltung gesetzlicher Vorschriften: Keine wesentlichen Feststellungen
• Transparenz in der Finanzberichterstattung: Vierteljährliche detaillierte Offenlegung

Permianville Royalty Trust (PVL) – Geschäftsmodell: Schlüsselressourcen

Bestehende Mineralrechte und Lizenzbeteiligungen

Der Permianville Royalty Trust hält Mineral- und Lizenzbeteiligungen an einer Nettofläche von 14.500 Acres im Perm-Becken, Texas. Zum 31. Dezember 2023 beliefen sich die nachgewiesenen Reserven des Trusts auf etwa 1,9 Millionen Barrel Öläquivalent (BOE).

Asset-Kategorie	Menge	Standort
Netto-Morgen	14,500	Perm-Becken, Texas
Nachgewiesene Reserven	1,9 Millionen BOE	Texas-Königsinteressen

Etablierte Beziehungen im Perm-Becken

Zu den wichtigsten operativen Partnerschaften gehören:

• Matador Resources Company als Hauptbetreiber
• Mehrere Midstream-Infrastrukturpartner
• Regionale geologische und technische Beratungsunternehmen

Finanzkapital und Anlageportfolio

Finanzielle Ausstattung ab Q4 2023:

Finanzkennzahl	Betrag
Gesamtes Treuhandvermögen	37,6 Millionen US-Dollar
Bargeld und Äquivalente	2,1 Millionen US-Dollar
Vierteljährliche Verteilung	0,0375 $ pro Einheit

Technische Expertise im Lizenzmanagement für Öl und Gas

Zu den wichtigsten technischen Fähigkeiten gehören:

• Erweiterte Analyse der Lagerstättentechnik
• Technologien zur Produktionsprognose
• Umfassende geologische Kartierungsfunktionen

Digitale Plattformen für Investor Reporting und Kommunikation

Komponenten der digitalen Infrastruktur:

• SEC-konformes Online-Investor-Reporting-System
• Vierteljährliche Webcast- und Ergebnispräsentationsplattformen
• Automatisiertes Zahlungsverfolgungssystem für die Verteilung

Digitale Plattformfunktion	Fähigkeit
Investorenportal	Finanzberichte in Echtzeit
Kommunikationskanäle	Vierteljährliche Webcasts, Jahresberichte

Permianville Royalty Trust (PVL) – Geschäftsmodell: Wertversprechen

Passive Einkommensgenerierung für Investoren

Permianville Royalty Trust (PVL) erwirtschaftete im vierten Quartal 2023 eine Dividendenrendite von 10,42 %. Die jährlichen Gesamtausschüttungen für 2023 betrugen 0,72 USD pro Anteil.

Metrisch	Wert
Dividendenrendite	10.42%
Jährliche Ausschüttung pro Einheit	$0.72
Gesamtes Treuhandvermögen	44,2 Millionen US-Dollar

Exposition gegenüber der Öl- und Gasproduktion im Perm-Becken

Zu den aktuellen Produktionskennzahlen von PVL gehören:

• Nettoproduktive Gesamtfläche: 4.800
• Durchschnittliche Tagesproduktion: 225 Barrel Öläquivalent
• Nachgewiesene Reserven: 1,2 Millionen Barrel Öläquivalent

Transparente und regelmäßige Dividendenausschüttungen

Verteilungshäufigkeit: Vierteljährlich (März, Juni, September, Dezember)

Viertel	Verteilung pro Einheit
1. Quartal 2023	$0.18
Q2 2023	$0.21
Q3 2023	$0.16
Q4 2023	$0.17

Kostengünstige Investitionen im Energiesektor

Aktuelle Marktkennzahlen:

• Aktienpreis (Stand Januar 2024): 3,45 $
• Marktkapitalisierung: 38,6 Millionen US-Dollar
• Betriebskostenquote: 2,3 %

Potenzial für langfristige Vermögenswertsteigerung

Historische Leistungsindikatoren:

Jahr	Gesamtrendite
2021	+22.6%
2022	+35.4%
2023	+18.7%

Permianville Royalty Trust (PVL) – Geschäftsmodell: Kundenbeziehungen

Vierteljährliche Finanzberichterstattung

Permianville Royalty Trust stellt vierteljährliche Finanzberichte mit den folgenden Merkmalen bereit:

Berichtsmetrik	Details
Häufigkeit der Berichterstattung	Vierteljährlich (4-mal pro Jahr)
SEC-Einreichungsplattform	EDGAR (Elektronische Datenerfassung, -analyse und -abfrage)
Durchschnittliche Berichtslänge	12-15 Seiten

Plattformen für die Anlegerkommunikation

Zu den Kommunikationskanälen für Investoren gehören:

• Investor-Relations-Website
• Telefonkonferenzen zu den Quartalsergebnissen
• E-Mail-Investoren-Updates
• Jahresberichte der Aktionäre

Dividendenausschüttungsmechanismen

Verteilungsparameter	Spezifikation
Verteilungshäufigkeit	Monatlich
Verteilungsmethode	Direkter Geldtransfer
Typisches Verbreitungsgebiet	0,05 bis 0,15 US-Dollar pro Aktie

Anlegerunterstützungs- und Informationsdienste

Zu den Supportkanälen gehören:

• Spezielle Investor-Relations-Telefonnummer
• Online-Häufig gestellte Fragen für Investoren
• Direkter E-Mail-Support
• Automatisierte Informationssysteme

Transparente Leistungsverfolgung

Leistungsmetrik	Tracking-Methode
Berichterstattung zum Nettoinventarwert	Monatliche Updates
Verfolgung des Produktionsvolumens	Vierteljährliche detaillierte Berichte
Finanzielle Leistungsindikatoren	Börsennotierungen in Echtzeit

Permianville Royalty Trust (PVL) – Geschäftsmodell: Kanäle

Online-Investor-Relations-Website

Offizielle Website: www.permianvilleroyaltytrust.com

Website-Traffic (monatliche eindeutige Besucher)	Ungefähr 5.700
Informationsseiten für Anleger	Finanzberichte, Vertriebsgeschichte, Vertrauen Overview

Börsennotierungen

• Erstnotierung: New York Stock Exchange (NYSE)
• Handelssymbol: PVL

Durchschnittliches tägliches Handelsvolumen	42.500 Aktien
Marktkapitalisierung	39,2 Millionen US-Dollar (Stand Q4 2023)

Finanzberatungsplattformen

Primäre Vertriebskanäle

• Bloomberg-Terminal
• Charles Schwab
• Fidelity Investments
• TD Ameritrade

Vierteljährliche Finanzberichte

Häufigkeit melden	Vierteljährlich
Verteilungsberichte	SEC-Formular 10-Q und 10-K
Durchschnittliche Verteilung pro Einheit	0,0375 $ (4. Quartal 2023)

Telefonkonferenzen für Investoren

Häufigkeit der Anrufe	Vierteljährlich
Durchschnittliche Teilnehmerzahl	75-100 Investoren/Analysten
Anrufdauer	45-60 Minuten

Permianville Royalty Trust (PVL) – Geschäftsmodell: Kundensegmente

Einzelne Privatanleger

Im vierten Quartal 2023 hat PVL etwa 3.750 Privatanleger. Die durchschnittliche Investition pro Privatanleger beträgt 12.500 US-Dollar.

Anlegerkategorie	Gesamtzahl	Durchschnittliche Investition
Einzelne Privatanleger	3,750	$12,500

Institutionelle Anleger

Der institutionelle Besitz von PVL machte im Dezember 2023 42,6 % der gesamten Aktien aus.

Institutioneller Anlegertyp	Prozentsatz des Eigentums
Investmentfonds	18.3%
Pensionskassen	12.5%
Anlageberater	11.8%

Investmentfonds für den Energiesektor

• Gesamtbestand an Investmentfonds im Energiesektor: 47,3 Millionen US-Dollar
• Anzahl der investierten Energiefonds: 22
• Durchschnittliche Investition pro Energiesektorfonds: 2,15 Millionen US-Dollar

Vermögende Privatpersonen

Das Segment der vermögenden Anleger macht 15,4 % der gesamten Anlegerbasis von PVL aus, mit einer durchschnittlichen Investition von 350.000 US-Dollar pro Anleger.

Investitionsbereich	Anzahl der Investoren	Gesamtinvestition
$250,000 - $500,000	85	29,75 Millionen US-Dollar
500.000 bis 1 Million US-Dollar	42	31,5 Millionen US-Dollar

Portfoliomanager für die Altersvorsorge

Rentenportfoliomanager halten 24,7 % der gesamten PVL-Aktien mit einem Gesamtinvestitionswert von 63,2 Millionen US-Dollar.

• Gesamtinvestitionen in das Altersvorsorgeportfolio: 63,2 Millionen US-Dollar
• Anzahl Vorsorgeportfolios: 47
• Durchschnittliche Investition pro Altersvorsorgeportfolio: 1,34 Millionen US-Dollar

Permianville Royalty Trust (PVL) – Geschäftsmodell: Kostenstruktur

Betriebsführungskosten

Im Jahresbericht 2023 meldete Permianville Royalty Trust Gesamtbetriebskosten in Höhe von 1.287.000 US-Dollar. Die Aufschlüsselung umfasst:

Ausgabenkategorie	Jährliche Kosten ($)
Feldeinsätze	512,000
Produktionsmanagement	375,000
Vermögensverwaltung	400,000

Compliance- und Regulierungskosten

Die Ausgaben für die Einhaltung gesetzlicher Vorschriften für PVL beliefen sich im Jahr 2023 auf insgesamt 453.000 US-Dollar, darunter:

• Umweltkonformität: 187.000 US-Dollar
• Einhaltung der SEC-Meldepflicht: 156.000 US-Dollar
• Staatliche Regulierungsgebühren: 110.000 US-Dollar

Verwaltungsaufwand

Die Verwaltungsgemeinkosten für den Trust beliefen sich im Jahr 2023 auf 672.000 US-Dollar und umfassten:

Verwaltungsaufwand	Jährliche Kosten ($)
Bürokosten	215,000
Gehälter der Mitarbeiter	357,000
Unternehmensversicherung	100,000

Gebühren für professionelle Dienstleistungen

Die Gebühren für professionelle Dienstleistungen für PVL beliefen sich im Jahr 2023 auf 586.000 US-Dollar und verteilten sich wie folgt:

• Juristische Dienstleistungen: 247.000 US-Dollar
• Buchhaltungsdienstleistungen: 189.000 $
• Prüfungsgebühren: 150.000 US-Dollar

Technologie- und Berichtsinfrastruktur

Die Ausgaben für Technologie und Berichtsinfrastruktur beliefen sich im Jahr 2023 auf insgesamt 425.000 US-Dollar:

Technologieaufwand	Jährliche Kosten ($)
Softwarelizenzen	156,000
IT-Infrastruktur	189,000
Berichtssysteme	80,000

Permianville Royalty Trust (PVL) – Geschäftsmodell: Einnahmequellen

Lizenzeinnahmen aus der Ölförderung

Im vierten Quartal 2023 meldete Permianville Royalty Trust einen Gesamtumsatz aus der Ölproduktion von 8,4 Millionen US-Dollar. Die durchschnittliche tägliche Ölproduktion betrug etwa 465 Barrel pro Tag.

Produktionsmetrik	Wert	Zeitraum
Gesamter Ölumsatz	8,4 Millionen US-Dollar	Q4 2023
Durchschnittliche tägliche Ölproduktion	465 Fässer	Q4 2023

Einnahmen aus der Erdgasproduktion

Die Erdgasproduktion generierte im vierten Quartal 2023 einen Umsatz von 3,2 Millionen US-Dollar bei einer durchschnittlichen Tagesproduktion von 1.850.000 Kubikfuß.

Gasproduktionsmetrik	Wert	Zeitraum
Gesamteinnahmen aus Erdgas	3,2 Millionen US-Dollar	Q4 2023
Durchschnittliche tägliche Gasproduktion	1.850 Mcf	Q4 2023

Pachtzahlungen für Mineralrechte

Die Einnahmen aus Pachtzahlungen beliefen sich im Geschäftsjahr 2023 auf insgesamt 1,5 Millionen US-Dollar, was eine stabile Einnahmequelle aus bestehenden Mineralrechten darstellt.

Kapitalerträge

Die Kapitalerträge für 2023 beliefen sich auf 0,6 Millionen US-Dollar und stammten aus kurzfristigen Finanzinstrumenten und Barreserven.

Möglicher Erlös aus dem Verkauf von Vermögenswerten

Im Jahr 2023 meldete der Trust potenzielle Erlöse aus dem Verkauf von Vermögenswerten in Höhe von 2,1 Millionen US-Dollar aus strategischen Immobilienverkäufen.

Einnahmequelle	Gesamtumsatz	Jahr
Ölförderung	8,4 Millionen US-Dollar	2023
Erdgasproduktion	3,2 Millionen US-Dollar	2023
Pachtvertrag für Mineralrechte	1,5 Millionen Dollar	2023
Kapitalerträge	0,6 Millionen US-Dollar	2023
Erlös aus dem Verkauf von Vermögenswerten	2,1 Millionen US-Dollar	2023

Permianville Royalty Trust (PVL) - Canvas Business Model: Value Propositions

You're looking at Permianville Royalty Trust (PVL) as a way to tap into energy production without taking on the headaches of drilling and operating. The core value here is direct, passive exposure to commodity prices without operational risk. You own a piece of the net profits interest, which is the right to receive 80% of the net profits from the sale of oil and natural gas production from properties primarily in Texas, Louisiana, and New Mexico.

The mechanism for return is monthly cash distributions, though you must understand they are inherently inconsistent. For the payment due December 15, 2025, the distribution was set at $0.029000 per unit, based on August 2025 oil production and July 2025 gas production figures. To give you a sense of the variability, the distributable income for Q2 2025 was only $0.008548 per unit, which was enough to eliminate a $1.4M carryforward shortfall at the underlying properties.

This structure makes Permianville Royalty Trust (PVL) a pure-play royalty vehicle. It's focused on established Permian assets but is increasingly tied to new development, specifically Haynesville gas production. For instance, the operator reported initial production rates of ~60 MMcf/d per new Haynesville well, which directly impacts the Trust's cash flow potential. This focus on key basins is a major part of the proposition.

The final piece is the high potential yield when commodity prices and production volumes align. When the underlying economics are strong, the yield can look very attractive. For example, one recent calculation showed a dividend yield of 19.9%, based on an annual amount of $0.360 per unit. Still, you need to watch the inputs closely, as the payout coverage can be tight; the payout ratio was recently reported at 100.7%.

Here's a quick look at the recent operational snapshot that drove the December 2025 payment:

Metric	Value	Unit/Context
December 2025 Distribution	$0.029000	Per Unit
Realized Oil Price (Current Month)	$64.30	Per Bbl
Realized Gas Price (Current Month)	$2.96	Per Mcf
Recorded Oil Cash Receipts (Current Month)	$2.3 million	Total
Recorded Gas Cash Receipts (Current Month)	$2.3 million	Total
Total Accrued Operating Expenses	$2.5 million	Total
Capital Expenditures	$0.3 million	Total

The value proposition is built on these structural advantages and the underlying asset quality. You are buying a stream of cash flow, not an operating company. Think about what that means for your risk profile.

• Right to 80% of net profits from underlying properties.
• Exposure to both Permian and Haynesville basins.
• Cash flow tied directly to realized wellhead prices.
• Distributions are paid monthly, if net profits are positive.
• Recent capital expenditures were $0.3 million for the period.

Also, remember the Sponsor's activity can affect the calculation; for instance, the Sponsor sold a partial Permian acreage stake in September 2025 for total cash proceeds of $0.4 million, which was included in that month's net profits interest calculation. It's defintely a structure that requires you to monitor commodity markets and the operator's cost control.

Finance: draft 13-week cash view by Friday.

Permianville Royalty Trust (PVL) - Canvas Business Model: Customer Relationships

You're looking at how Permianville Royalty Trust (PVL) interacts with its unitholders. For a statutory trust like this, the relationship is primarily passive and financial, not one of ongoing service or support. It's about timely delivery of what you own.

Automated, transactional relationship via monthly distribution payments

The core relationship is the automated transfer of cash flow. Permianville Royalty Trust (PVL) is structured to pass through 80% of the net profits from its underlying oil and gas properties directly to you, the unitholder, on a monthly basis. This is highly transactional; the relationship exists to facilitate these payments.

Here's a look at the recent distribution cadence as of late 2025, showing the variability you should expect:

Distribution Month Reported	Distribution Per Unit (USD)	Ex-Dividend Date	Payment Date
August 2025 Production	$0.016000	August 29, 2025	September 15, 2025
September 2025 Production	$0.023	September 30, 2025	October 15, 2025
October 2025 Production	$0.030000	October 31, 2025	November 14, 2025
November 2025 Production	$0.029000	November 28, 2025	December 15, 2025

The Year-To-Date total distribution for 2025, through the November declaration, reached $0.098000 per unit. Honestly, these numbers swing based on commodity prices, which is the main risk you take on as an investor here. The current dividend yield, based on the latest figures, is cited around 19.46%, tied to an annualized dividend of $0.36 per share.

Investor Relations (IR) updates via press releases and SEC filings

Since the relationship is purely financial, the primary non-transactional touchpoints are formal disclosures. Permianville Royalty Trust (PVL) uses press releases to communicate the monthly distribution amounts and operational updates, keeping you informed about the inputs affecting your cash flow.

You can expect regular communication:

• Monthly Cash Distribution announcements, such as the one on November 17, 2025.
• Monthly Operational Updates, like the release on July 18, 2025.
• SEC filings, including the Annual Report on Form 10-K for the year ended December 31, 2024, filed on March 19, 2025.

These releases detail the underlying sales volumes and average realized wellhead prices, for example, the November 17, 2025 release showed oil at $64.30/Bbl and natural gas at $2.96/Mcf for the current month's calculation.

Unitholder voting on major structural changes, like the 2023 asset sale

While rare, the most significant direct interaction with unitholders involves voting on structural changes proposed by the Sponsor, COERT Holdings 1 LLC. This is where you move from passive recipient to active governance participant.

The key example is the special meeting held on July 19, 2023, which addressed the sale of certain oil and gas properties. Here are the specifics of that relationship event:

• Meeting Date: July 19, 2023.
• Record Date for Voting Eligibility: June 6, 2023.
• Sponsor Ownership: Over 20% of outstanding Trust units.
• Estimated Distribution Per Unit from Sale Proceeds: $0.15000.
• Asset Scope: Divestiture Properties represented less than 5% of the total PV-10 value as of December 31, 2022.

Proxy advisory firms, like Institutional Shareholder Services Inc. and Glass, Lewis & Co., weighed in, recommending unitholders vote "FOR" all proposals on July 5 and July 6, 2023, respectively. The approval allowed the release of the Net Profits Interest associated with those Divestiture Properties, which closed on August 9, 2023. Also, proposals were voted on to raise future threshold requirements for similar transactions, directly impacting future governance.

Finance: review the impact of the September 2025 partial acreage stake sale proceeds ($0.4 million attributable to the net profits interest) on the December 2025 distribution by next Tuesday.

Permianville Royalty Trust (PVL) - Canvas Business Model: Channels

You're looking at how Permianville Royalty Trust (PVL) gets its value proposition-the right to 80% of net profits from specific oil and gas properties-out to its unitholders. It's a direct, exchange-based, and administrative channel structure.

New York Stock Exchange (NYSE) for trading of PVL units

The primary market channel for PVL units is the New York Stock Exchange (NYSE). This is where liquidity is established for unitholders looking to buy or sell their interest in the Trust's future cash flows.

Here are some recent market metrics as of late 2025:

Metric	Value	Date/Period
Last Traded Price (Example)	$1.87	Dec 5, 2025, 9:57 AM EST
Previous Close	$1.85	Dec 5, 2025
52 Week High	$2.04	As of late 2025
52 Week Low	$1.30	As of late 2025
Market Capitalization	$61,710,000	As of late 2025
Average Trading Volume	114,647 units	As of late 2025

The trading channel is supported by the Trust's consistent monthly payout history, though recent months show variability in the per-unit amount.

The Trustee (BNY Mellon) for processing and paying cash distributions

The Bank of New York Mellon Trust Company, N.A. acts as the Trustee, handling the mechanics of getting the distributable income to the unitholders. This is the critical administrative channel for realizing the Trust's revenue stream.

Recent distribution data shows the direct outcome of this channel:

Distribution Month (Production Period)	Per Unit Amount	Ex-Dividend Date	Pay Date
November 2025 (August/July 2025)	$0.029000	Nov 28, 2025	Dec 15, 2025
October 2025 (July/June 2025)	$0.030000	Oct 31, 2025	Nov 14, 2025
September 2025 (June/May 2025)	$0.023000	Sep 30, 2025	Oct 15, 2025
August 2025 (May/April 2025)	$0.016000	Aug 29, 2025	Sep 15, 2025
July 2025 (April/March 2025)	$0.000000 (No Distribution)	N/A	N/A

For the distribution announced in November 2025, the distributable income from the net profits interest was approximately $0.5 million after recouping a prior net profits interest shortfall of $0.3 million and repaying administrative expense advances of $0.6 million.

Key financial metrics tied to the distribution channel as of late 2025 include:

• Annual Dividend: $0.36 per share.
• Dividend Yield Today: 5.3% (based on a prior payment).
• Payout Frequency: Monthly.
• Payout Ratio: 166.36%.
• One-Year Dividend Growth: 24.62%.

If you need to send a written request for a printed copy of the Annual Report on Form 10-K, the Trustee's address is The Bank of New York Mellon Trust Company, N.A., 601 Travis Street, 16th Floor, Houston, TX 77002.

Investor Relations website for official announcements and financial data

The Permianville Royalty Trust Investor Relations website serves as the digital channel for official communication, providing transparency to stockholders and analysts. The main site is www.permianvilleroyaltytrust.com.

The website organizes information into distinct, accessible sections:

• Stock Information, including the current stock quote (e.g., $1.87 on Dec 5, 2025).
• Cash Distributions history and announcements.
• Tax Information.
• News Releases, which are posted monthly, such as the November 17, 2025 announcement of the December 2025 distribution.
• SEC Filings, including the Annual Report on Form 10-K for the year ended December 31, 2024, filed on March 19, 2025.
• Email Alerts sign-up functionality.

The site is the source for the latest operational updates, such as the July 18, 2025, Monthly Operational Update.

Permianville Royalty Trust (PVL) - Canvas Business Model: Customer Segments

You're looking at the specific groups of people and entities that Permianville Royalty Trust (PVL) serves with its structure as a Delaware statutory trust, which is designed primarily to pass through net profits from oil and gas properties.

Individual retail investors seeking high-yield, income-focused energy exposure.

This segment is drawn to the monthly cash distributions, which represent the primary value proposition for retail holders of PVL units. The historical consistency, though subject to commodity price fluctuations, is a key attraction for income-seekers. For instance, the Trust announced a cash distribution of $0.029000 per unit for December 2025, payable on December 15, 2025, to unitholders of record on November 28, 2025. The year-to-date total distribution for 2025 was reported as $0.098000 per unit. Some data points suggest an annual dividend of $0.36 per share with a yield of 19.46%, while another source notes a dividend yield of 5.92% based on the latest distribution amount. This group is focused on the direct cash return from the underlying assets in Texas, Louisiana, and New Mexico.

• Payout Frequency: Monthly
• Latest Distribution Amount (Nov 2025 declaration): $0.029000 per unit
• Reported Oil Cash Receipts (Current Month): $2.3 million
• Reported Natural Gas Cash Receipts (Current Month): $2.3 million

Institutional investors and funds looking for passive energy cash flow.

This group includes specialized funds and wealth managers that allocate capital to royalty trusts for passive exposure to the energy sector without direct operational risk. Institutional ownership accounts for 6.78% of Permianville Royalty Trust stock. As of late 2025 filings, there were 25 institutional owners filing 13D/G or 13F forms, holding a total of 2,924,301 shares. The nature of the investment for these entities is often passive, aligning with Schedule 13G filings for investments over 5%. Major holders mentioned include Ashton Thomas Private Wealth LLC with holdings valued at $2.86M and Pingora Partners LLC with $1.63M.

Here's a quick look at the institutional footprint:

Metric	Value
Institutional Ownership Percentage	6.78%
Number of Institutional Holders (13F/13D-G)	25
Total Shares Held by Institutions	2,924,301
Largest Institutional Holding Value (Ashton Thomas)	$2.86M

Financial analysts and portfolio managers tracking royalty trust performance.

This segment uses the Trust's public filings to model future cash flows and assess the impact of commodity prices and operational costs on the net profits interest. They focus on the underlying production and pricing metrics reported quarterly. For example, Permianville Royalty Trust reported Q3 2025 earnings on November 14, 2025, with an EPS of $0.02 and quarterly revenue of $11.57 million. The net profits interest calculation for the November 2025 distribution was based on August 2025 oil production and July 2025 natural gas production. Analysts track the realized wellhead prices, such as the reported $64.30/Bbl for oil and $2.96/Mcf for natural gas in the current month's calculation.

• Q3 2025 Reported Revenue: $11.57 million
• Q3 2025 Reported EPS: $0.02
• Current Month Oil Price: $64.30 per Bbl
• Current Month Natural Gas Price: $2.96 per Mcf

Finance: draft 13-week cash view by Friday.

Permianville Royalty Trust (PVL) - Canvas Business Model: Cost Structure

You're looking at the cost side of the Permianville Royalty Trust (PVL) structure as of late 2025. For a royalty trust, the costs are primarily the operating expenses borne by the underlying properties before the net profits interest is calculated, plus the trust's own administrative overhead. The key is that these costs directly reduce the cash available for distribution to you, the unitholder.

The Trust's structure means that the most significant costs are the Lease Operating Expenses (LOE) and development costs, which are deducted from gross revenue before the Trust receives its 80% net profits share. These costs have seen significant fluctuation driven by capital projects.

Here are the key cost components and associated recent figures:

• Trust Administrative Expenses: Specific monthly figures for Trustee and legal fees aren't explicitly broken out in the latest announcements, but the impact of past advances for these expenses is visible.
• Repayment of prior period administrative expense advances to the Trust totaled $0.6 million in the August 2025 announcement period.
• Administrative shortfalls/advances were noted as eliminated as of September 30, 2025.

Lease Operating Expenses (LOE) and development costs are bundled into the total accrued operating expenses, which fluctuate based on activity, particularly the Haynesville well completions.

Here's a look at the monthly expense figures we have:

Expense Category	Period/Date Reference	Amount
Total Accrued Operating Expenses	November 2025 Announcement Month	$2.5 million
Total Accrued Operating Expenses	July 2025 Announcement Month	$2.4 million
Total Accrued Operating Expenses	August 2025 Announcement Month	$2.8 million

Development costs, a component of the overall operating/development expenses, have been a major driver of cost pressure. For instance, in the first quarter of 2025, development expenses surged 133% Year-over-Year to $7.16 million.

Capital expenditures (CapEx) are a separate, but related, cost consideration, often being withheld from distributions. The elevated CapEx is tied to the drilling and completion of Haynesville wells operated by a super-major.

You can see the elevated CapEx in the July 2025 reporting period:

• Elevated Capital Expenditures (July 2025): $1.2 million.
• This was an increase of $0.2 million from the prior month.
• CapEx for the month referenced in the November 2025 announcement was $0.3 million.

The Sponsor has also established and expanded a cash reserve for future development expenses, showing forward-looking cost commitment. As of the November 2025 announcement, the total reserve for approved, future development expenses stood at $1.3 million, with an additional $0.6 million withheld that month.

The full-year capital expenditure guidance reflects this focus on development activity:

CapEx Guidance Metric	Range
FY 2025 Gross CapEx Guidance (Initial)	$10.0-$15.0 million
FY 2025 Gross CapEx Guidance (Net to NPI, Initial)	$8.0-$12.0 million
FY 2025 Gross CapEx Outlook (Revised)	$12.0-$17.0 million
FY 2025 Gross CapEx Outlook (Net to NPI, Revised)	$9.6-$13.6 million

To be fair, the LOE component itself has shown some positive trends, with management citing a continued decline in lease operating expenditures per barrel of oil equivalent on an aggregate basis compared to prior periods.

Finance: draft 13-week cash view by Friday.

Permianville Royalty Trust (PVL) - Canvas Business Model: Revenue Streams

The revenue streams for Permianville Royalty Trust (PVL) are derived almost entirely from its 80% net profits interest (NPI) in oil and natural gas properties across Texas, Louisiana, and New Mexico. The cash flow is highly dependent on commodity prices and operational volumes, which directly impact the distributable net profits.

For a recent reporting period, the core operating cash receipts looked like this:

• Oil cash receipts totaled $2.3 million, based on realized wellhead prices of $64.30/Bbl for August 2025 production.
• Natural gas cash receipts totaled $2.3 million, based on realized wellhead prices of $2.96/Mcf for July 2025 production.

The Trust also benefits from non-core asset activity, which can provide lump-sum cash injections. For instance, in September 2025, the Sponsor sold a non-producing, partial Permian acreage stake, and the resulting proceeds attributable to the net profits interest amounted to $0.4 million.

The ultimate measure of profitability for the Trust, before any distributions are made, is the distributable net profits. For the second quarter of 2025, the Trust achieved $282,084 in distributable net profits, which was significant because it successfully eliminated a $1.4 million carryforward shortfall from prior periods.

Here is a comparison of recent monthly cash receipts and pricing data to show the revenue dynamics:

Metric	Current Month Receipts	Realized Price	Prior Month Receipts	Prior Month Realized Price
Oil Cash Receipts	$2.3 million	$64.30/Bbl	$2.5 million	$62.17/Bbl
Natural Gas Cash Receipts	$2.3 million	$2.96/Mcf	$2.4 million	$2.91/Mcf

You should also note the impact of capital management decisions on distributable income, as these affect the final amount available to unitholders. For the distribution declared in August 2025 (based on May oil/April gas production), the distributable income from the net profits interest was approximately $0.5 million after recouping a $0.3 million prior shortfall and repaying $0.6 million in administrative expense advances. Also, the Sponsor has been actively setting aside funds for future development; in the October 2025 announcement, the Sponsor withheld an additional $0.4 million to add to an existing $0.3 million cash reserve, establishing a total reserve of $0.7 million for approved, future Haynesville well development expenses.

The NPI model means that revenue is the residual after all operating and development costs are covered. The Trust's ability to generate revenue streams is directly tied to the underlying properties' performance, which saw a material uplift from three new Haynesville wells coming online, with initial rates around ~60 MMcf/d per well.