Permianville Royalty Trust Announces Monthly Operational Update

Permianville Royalty Trust (NYSE: PVL, the “Trust”) today announced the net profits interest calculation for May 2025. The net profits interest calculation represents reported oil production for the month of February 2025 and reported natural gas production during January 2025. The calculation includes accrued costs incurred in March 2025.

Although the cumulative outstanding net profits shortfall of approximately $0.6 million was fully recouped in the current month, no cash remained available for distribution after the repayment of an approximately $0.1 million cash advance to the Trust for the payment of prior monthly expenses. As a result, no monthly distribution will be paid in June 2025 to the Trust’s unitholders of record on May 30, 2025. Excluding the recoupment of the remaining net profits interest shortfall and the repayment of amounts previously advanced to the Trust for the payment of prior monthly expenses, income from the net profits interest in the current month would have been approximately $0.7 million, or $0.021713 per unit.

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

33,948