Financial Performance - In January 2025, the Trust reported a shortfall of approximately 2.2 million, which will be deducted from future net profits calculations[8] - Total accrued operating expenses decreased to 2.9 million[7] Production and Pricing - Oil production for the current month was 36,977 barrels, with an average wellhead price of 0.2 million from the prior month[5] - Natural gas production was reported at 386,922 Mcf, with an average price of 0.1 million from the prior month[6] Future Outlook - The Trust anticipates that the Underlying Properties will return to generating positive net profits in 2025 based on current commodity prices[8] - Future distributions are expected to fluctuate based on actual production volumes, oil and gas prices, and capital expenditures[9] - The Trust's ability to pay distributions is directly affected by commodity price volatility, which may lead to periods with no distributions[10] Ownership and Reporting - The Trust owns a net profits interest representing 80% of the net profits from oil and natural gas production from predominantly non-operated properties in Texas, Louisiana, and New Mexico[9] - The Trust's quarterly and other filed reports are available on the SEC's website, providing further insights into financial performance and risks[10]
Permianville Royalty Trust(PVL) - 2024 Q4 - Annual Results