Permianville Royalty Trust Announces Monthly Cash Distribution

HOUSTON, September 18, 2026--Permianville Royalty Trust (NYSE: PVL, the "Trust") today announced a cash distribution to the holders of its units of beneficial interest of $0.016000 per unit, payable on October 14, 2026, to unitholders of record on September 30, 2026. The net profits interest calculation represents reported oil production for the month of June 2026 and reported natural gas production during May 2026. The calculation includes accrued costs incurred in July 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.

		Underlying Sales Volumes		Average Price
		Oil		Natural Gas		Oil		Natural Gas
		Bbls		Bbls/D		Mcf		Mcf/D		(per Bbl)		(per Mcf)
Current Month		42,472		1,416		554,438		17,885		$ 92.96		$ 2.21
Prior Month		34,255		1,105		468,658		15,612		$ 95.23		$ 2.37

Recorded oil cash receipts from the oil and gas properties underlying the Trust (the "Underlying Properties") totaled $3.9 million for the current month on realized wellhead prices of $92.96/Bbl, up $0.6 million from the prior month's oil cash receipts.

Recorded natural gas cash receipts from the Underlying Properties totaled $1.2 million for the current month on realized wellhead prices of $2.21/Mcf, up $0.1 million from the prior month.

Total accrued operating expenses increased $0.2 million from the prior month to $2.9 million, and capital expenditures increased $1.4 million from the prior month at $1.7 million.

The Sponsor has indicated to the Trustee that the recent uptick in oil prices has increased the potential for drilling by certain operators of the Underlying Properties. Given the increase in the current month's reported capital spending, COERT Holdings 1 LLC (the "Sponsor") has notified the Trustee that the Sponsor is releasing $0.3 million of the previously disclosed cash reserve of $2.0 million that it has established for approved, future development expenses on the Underlying Properties. The Sponsor will continue to hold the remaining cash reserve of $1.8 million 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.

In addition, in September 2026 the Sponsor closed on a partial sale of non-producing acreage for $0.3 million, free and clear of the Trust's net profits interest. The sale also includes a future capital expenditure carry from the buyer. The sale proceeds attributable to the Trust's net profits interest, net of customary sale and legal expenses, will be included in an upcoming monthly distribution to unitholders.