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

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.

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