Permianville Royalty Trust
NYSE: PVL · ENERGY · OIL & GAS E&P
Updated 2026-06-05
Permianville Royalty Trust (PVL) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2010 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.98M | $59.10M | $49.08M | $29.31M | $14.48M | $9.22M | $7.64M | $15.19M | $9.48M | $5.57M | $4.20M | $15.03M | $10.41M | $4.34M | $4.74M |
| Revenue growth (YoY) | — | +1386.8% | -17.0% | -40.3% | -50.6% | -36.3% | -17.1% | +98.7% | -37.6% | -41.3% | -24.6% | +258.1% | -30.7% | -58.3% | +9.2% |
| Cost of revenue | $376000.00 | $-606.00 | $-10.02M | $0.00 | $0.00 | $0.00 | $6.79B | $32.57B | $21.59B | $6.96B | $5.44B | $855797.00 | $471784.00 | $569058.00 | $690004.00 |
| Gross profit | $3.60M | $59.10M | $59.10M | $29.31M | $14.48M | $9.22M | $-6.79B | $-32.56B | $-21.58B | $-6.95B | $-5.44B | $15.03M | $10.41M | $4.34M | $4.05M |
| Gross margin | 90.5% | 100.0% | 120.4% | 100.0% | 100.0% | 100.0% | -88779.4% | -214372.3% | -227630.2% | -124900.0% | -129604.8% | 100.0% | 100.0% | 100.0% | 85.4% |
| R&D | — | — | — | — | — | $0.00 | $0.00 | $0.00 | $1.00 | $0.00 | $0.00 | $0.00 | $1.00 | — | — |
| SG&A | $3.83M | $968780.00 | $709352.00 | $646314.00 | $851178.00 | $654132.00 | $682938.00 | $1.13M | $928014.00 | $916900.00 | $849816.00 | $828818.00 | $919148.00 | $1.03B | $687.90M |
| Operating income | $-8.07M | $58.13M | $58.13M | $28.66M | $13.63M | $8.56M | $44.93M | $13.59M | $9.15M | $5.02M | $2.80M | $13.34M | $9.49M | $2.70M | $3.20M |
| Operating margin | -203.1% | 98.4% | 118.4% | 97.8% | 94.1% | 92.9% | 587.7% | 89.5% | 96.5% | 90.3% | 66.8% | 88.8% | 91.2% | 62.3% | 67.7% |
| EBITDA | $-6.10M | $58.05M | $48.48M | $28.50M | $13.77M | $8.49M | $-31.17M | $13.59M | $9.15M | $5.02M | $2.64M | $15.03M | $8.96M | $2.70M | $3.52M |
| EBITDA margin | -153.5% | 98.2% | 98.8% | 97.2% | 95.1% | 92.1% | -407.8% | 89.5% | 96.5% | 90.3% | 63.0% | 100.0% | 86.0% | 62.3% | 74.2% |
| EBIT | $-8.07M | $58.13M | $58.13M | $28.66M | $13.63M | $7.76M | $-32.04M | $12.00M | $9.15M | $5.02M | $2.80M | $13.34M | $9.49M | $2.62M | — |
| Interest expense | $148000.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $-8.22M | $58.05M | $48.48M | $28.50M | $13.77M | $8.49M | $44.74M | $14.35M | $9.52M | $5.02M | $3.12M | $13.48M | $14.11M | $2.82M | $3.52M |
| Net income growth (YoY) | — | +806.0% | -16.5% | -41.2% | -51.7% | -38.4% | +427.3% | -67.9% | -33.7% | -47.2% | -37.9% | +332.3% | +4.7% | -80.0% | +24.6% |
| Profit margin | -206.8% | 98.2% | 98.8% | 97.2% | 95.1% | 92.1% | 585.4% | 94.5% | 100.4% | 90.3% | 74.3% | 89.7% | 135.6% | 65.0% | 74.2% |
Frequently asked questions
What is Permianville Royalty Trust's revenue?
Permianville Royalty Trust's trailing twelve-month revenue is $6.69M. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is PVL?
In its most recent fiscal year, PVL ran a gross margin of 85.43%, an operating margin of 67.65%, and a net margin of 74.22%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
Is PVL's balance sheet healthy?
PVL holds $2.73M in cash and equivalents against — in long-term debt, on $38.97M of shareholder equity. That debt is best read against the cash flow the business throws off each year.