One-glance verdict
Not enough data
Fair value unavailable
Not enough cash-flow history to value this one with our method.
Fundamentals snapshot
Permianville Royalty Trust
PVL · NYQ · Energy · Oil & Gas E&P
Current price
$1.79
52-week range
$1.58 - $2.01
Market cap
$59.07M
Balance sheet
Healthy
33.66x Strong cushion
Net cash $3.35M. Interest coverage shows how many times profit covers the interest bill.
What stands out
3 Rewards
2 Risks
3 rewards · 2 risks
- Reward Revenue grew 9.0% last year.
- Reward Returns 14.9% on equity, ahead of 60% of its peers.
- Risk Forward P/E (35.8x) is higher than trailing (10.5x) - earnings are expected to drop.
- Risk Operating margin compressed from 88.8% to 71.6% over 3 years.
What this company does
Permianville Royalty Trust
Permianville Royalty Trust essentially owns a piece of the profits from oil and gas wells in places like Texas and New Mexico. This means the money it makes directly depends on how much oil and gas is found and sold, and at what price. Because its income is tied to these raw materials, its financial performance can swing quite a bit depending on the ups and downs of the energy market.
How the company got here
Permianville Royalty Trust began its journey in 2011, initially known as Enduro Royalty Trust. It was established as a way to hold the rights to a share of profits from oil and natural gas production. The company changed its name to Permianville Royalty Trust in September 2018. Unlike traditional companies, it operates as a trust, meaning it doesn't directly manage oil wells or exploration. Instead, it holds a 'net profits interest,' which is a contractual right to receive a portion of the profits after certain expenses are paid by the companies that actually operate the oil and gas properties. This structure is designed to pass most of the net proceeds directly to its unitholders, who are the investors in the trust.
What it actually does
Permianville Royalty Trust doesn't drill for oil or gas itself. Instead, it owns a 'net profits interest' (a right to receive a share of profits after expenses) in oil and natural gas properties. These properties are located primarily in Texas, Louisiana, and New Mexico, including in the active Permian and Haynesville basins. The trust receives money based on the amount of oil and natural gas produced and sold from these properties, after the operating companies deduct their costs. This means the trust's income is directly tied to the production levels and the market prices of oil and natural gas.
Net Profits Interest
The core of Permianville Royalty Trust's business is its 'net profits interest' (NPI). This is essentially a contractual right to receive 80% of the net profits generated from the sale of oil and natural gas produced from specific properties. The 'net profits' are calculated after deducting direct operating expenses, such as lease operating expenses and production taxes, as well as development costs. The trust itself is passive and does not manage these operations; it simply collects its share of the profits from the companies that do operate the wells. This structure allows investors to gain exposure to oil and gas production without the complexities of managing the actual extraction process.
What management is betting on now
Permianville Royalty Trust's 'management,' which is actually a trustee, is focused on maximizing distributions to its unitholders. The trust's performance is heavily influenced by the volatile prices of oil and natural gas. While the trust doesn't engage in exploration or development, it benefits when the operators of its underlying properties increase drilling activity, as this can lead to higher production. The trust's future success hinges on favorable commodity prices and efficient operations by the third-party companies that manage the oil and gas wells in which the trust holds an interest.
Price history
How the share price has moved
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Is it cheap or expensive?
Fair value — vs current price $1.79
We couldn't calculate a fair value right now.
Is it drowning in debt?
Healthy
Net cash $3.3M - more cash than debt. Interest coverage 33.7x.
Net debt
$-3.35M
Interest coverage
33.66x
Permianville Royalty Trust's profit covers its interest bill about 33.7 times over. which is stronger than most peers shown here and 1 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Healthy
Worse cushion
Baseline
Better cushion
PVL
BASELINE
Permianville Royalty Trust
Total debt $0.00 Interest coverage 33.66x This is the baseline the peer rows are being compared against.
Total debt $944.47K Interest coverage -33.62x -100% vs PVL This peer has almost no interest-payment cushion compared with PVL.
Total debt $0.00 Interest coverage 89.39x +166% vs PVL Carries about 2.7x more debt cushion than PVL.
Total debt $0.00 Interest coverage 93.11x +177% vs PVL Carries about 2.8x more debt cushion than PVL.
Total debt $45.37M Interest coverage 6.71x -80% vs PVL Carries about 5.0x less debt cushion than PVL.
What you should know
The case for and against PVL
3 Rewards
2 Risks
Rewards
-
Revenue grew 9.0% last year.
-
Returns 14.9% on equity, ahead of 60% of its peers.
-
Dividend yield is 11.8% with 16-year payout history.
Risks
-
Forward P/E (35.8x) is higher than trailing (10.5x) - earnings are expected to drop.
-
Operating margin compressed from 88.8% to 71.6% over 3 years.
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
10.53x
Forward P/E
35.80x
P/B
1.63x
P/S
7.47x
EV/EBITDA
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PEG ratio
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Profitability
How much profit each dollar creates
Gross margin
100.0%
Operating margin
71.6%
Net margin
73.1%
ROE
14.9%
ROA
11.2%
Health
Liquidity and balance-sheet strength
Debt / equity
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Current ratio
—
Quick ratio
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Total debt
$0.00
Total cash
$3.35M
Growth
How the business has been compounding
Revenue TTM
$7.90M
Revenue 5Y CAGR
-32.4%
EPS TTM
0.17
EPS 5Y CAGR
-36.1%
Cash flow
How much cash the business throws off
Operating CF TTM
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Free CF TTM
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FCF margin
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Dividend
Shareholder payout
Yield
11.8%
Payout ratio
100.6%
Last ex-div date
2026-09-30