Form 8-K
8-K — Permianville Royalty Trust
Accession: 0001104659-26-075749
Filed: 2026-06-18
Period: 2026-06-18
CIK: 0001520048
SIC: 1311 (CRUDE PETROLEUM & NATURAL GAS)
Item: Results of Operations and Financial Condition
Item: Financial Statements and Exhibits
Documents
8-K — tm2618111d1_8k.htm (Primary)
EX-99.1 — EXHIBIT 99.1 (tm2618111d1_ex99-1.htm)
GRAPHIC (tm2618111d1_ex99-1img001.jpg)
8-K — FORM 8-K
8-K (Primary)
Filename: tm2618111d1_8k.htm · Sequence: 1
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):
June 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 June 18, 2026, Permianville Royalty Trust (the
“Trust”) issued a press release announcing the Trust’s distribution to be paid in July 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 June 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:
June 18, 2026
By:
/s/ Sarah Newell
Sarah Newell
Vice President
EX-99.1 — EXHIBIT 99.1
EX-99.1
Filename: tm2618111d1_ex99-1.htm · Sequence: 2
Exhibit 99.1
Permianville
Royalty Trust Announces Monthly Cash Distribution
HOUSTON, Texas—(BUSINESS
WIRE)—June 18, 2026
Permianville Royalty
Trust (NYSE: PVL, the “Trust”) today announced a cash distribution to the holders of its units of beneficial interest of
$0.017000 per unit, payable on July 15, 2026, to unitholders of record on June 30, 2026. The net profits interest calculation
represents reported oil production for the month of March 2026 and reported natural gas production during February 2026. The
calculation includes accrued costs incurred in April 2026.
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
31,005
1,000
548,911
18,297
$ 82.93
$ 4.74
Prior Month
32,098
1,146
615,097
19,842
$ 60.90
$ 5.00
Recorded oil cash
receipts from the oil and gas properties underlying the Trust (the “Underlying Properties”) totaled $2.6 million for the
current month on realized wellhead prices of $82.93/Bbl, up $0.6 million from the prior month’s oil cash receipts.
Recorded natural
gas cash receipts from the Underlying Properties totaled $2.6 million for the current month on realized wellhead prices of $4.74/Mcf,
down $0.5 million from the prior month.
Total accrued operating
expenses decreased $0.2 million from the prior month to $2.1 million, and capital expenditures remained consistent with the prior month
at $1.5 million.
As previously disclosed,
COERT Holdings 1 LLC (the “Sponsor”) has established a cash reserve for approved, future development expenses, primarily
associated with the planned drilling of three incremental Haynesville wells by an operator on the Underlying Properties. Given the increase
in expected spending, the Sponsor has notified the Trustee that it is withholding an additional $0.3 million from the current month’s
net profits to be added to this cash reserve, increasing the reserve to a total of $1.8 million. The Sponsor indicates that the drilling
associated with the three Haynesville wells was recently completed, and the Sponsor expects the remaining capital expenditures and conversion
to first sales to occur in the coming months. As previously disclosed, this reserve is intended to fund an expected increase in billed
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, expectations regarding future development on the Underlying Properties and expectations regarding the newly drilled wells
in the Haynesville region, including the timing of remaining capital expenditures and conversion to first sales. 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, 2025, filed with the SEC on March 23, 2026. 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, 16th Floor
Houston, Texas
77002
Sarah Newell
1 (512) 236-6555
GRAPHIC
GRAPHIC
Filename: tm2618111d1_ex99-1img001.jpg · Sequence: 3
Binary file (9818 bytes)
Download tm2618111d1_ex99-1img001.jpg