Permianville Royalty Trust

# Permianville Royalty Trust

Permianville Royalty Trust is a statutory trust structured to generate cash distributions from oil and natural gas production. Rather than operating wells directly, the trust holds net profits interests that entitle it to receive 80% of net profits from the sale of crude petroleum and natural gas produced from properties in Texas, Louisiana, and New Mexico. The company's primary revenue stream consists of distributions derived from production in the Permian and Haynesville basins, major unconventional oil and gas regions in the United States.

The trust was incorporated in Delaware in 2011 and rebranded from Enduro Royalty Trust to Permianville Royalty Trust in September 2018. Headquartered in Houston, Texas, the company operates with a minimal corporate structure typical of royalty trusts, which distribute substantially all cash flow to unitholders rather than retaining capital for operations or growth initiatives. As a trust entity listed on the NYSE, Permianville functions as a pass-through vehicle for investors seeking exposure to the net profits from upstream oil and gas production without direct operational involvement.