Permianville Royalty Trust Q2 Distributable Income Jumps 298% to $1.12M on Haynesville Gas Surge
PVL is trading near its 52-week low of $1.58 (11% above the low) on light trading volume (0.4× avg).
Summary
Permianville Royalty Trust reported Q2 2026 distributable income of $1.122 million ($0.034/unit), up 298% year-over-year, driven by a 92% increase in natural gas production from new Haynesville wells. The Trust reaffirmed its 2026 capital spending outlook and maintains a $1.8 million cash reserve with no outstanding Sponsor advances.
Key Events · Earnings and Guidance · PVL
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Q2 Distributable Income Up 298%
Distributable income reached $1.122 million ($0.034/unit) in Q2 2026, compared to $0.282 million ($0.008548/unit) in Q2 2025.
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Natural Gas Production Surges 92%
Natural gas production increased 92% year-over-year in Q2 2026 to 2,515,022 Mcf, driven by three new Haynesville wells, while oil production declined 8% to 99,828 Bbls.
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2026 Capex Outlook Reaffirmed
The Sponsor reaffirmed its 2026 capital spending outlook of $9.0-$15.0 million gross ($7.2-$12.0 million net to the Trust), with a majority of remaining capex focused on the Haynesville area.
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Cash Reserve and Liquidity
As of June 30, 2026, the Trust held a $1.8 million cash reserve and had no outstanding advances from the Sponsor, supporting continued monthly distributions.
Analysis · PVL · Energy & Transportation
The Trust's Q2 2026 distributable income of $1.122 million ($0.034/unit) is nearly four times the $0.282 million ($0.008548/unit) reported in Q2 2025, driven by a 92% surge in natural gas production from three new Haynesville wells. This marks a continuation of the operational turnaround that began in Q1 2026, with six-month distributable income reaching $2.541 million versus just $0.282 million in the first half of 2025. The Sponsor reaffirmed its 2026 capital spending outlook of $9.0-$15.0 million gross, with a majority of remaining capex focused on the Haynesville area. While oil production declined 8% in Q2, the shift toward natural gas-weighted production has lowered per-unit operating costs. The Trust's cash reserve stands at $1.8 million, and no advances from the Sponsor are outstanding, providing a clean liquidity position for continued distributions.
At the time of this filing, PVL was trading at $1.76 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $58.1M. The 52-week trading range was $1.58 to $2.04. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.