VOC
VOC Energy Trust2.8200
-0.0400-1.4%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
47.94MP/E (TTM)
5.53Basic EPS (TTM)
0.51Dividend Yield
0.14%Recent Filings
10-K
FY2025 results
VOC Energy Trust's FY2025 wrapped with proved reserves at 1,730 MBoe, down from 2,075 MBoe in FY2024 after 382 MBoe production, yet revisions added 37 MBbl oil. Income from net profits interest plunged 37% y/y to $8.6M on lower oil prices ($65.44/Bbl vs $76.66) and 4% volume drop to 480 MBoe, with development costs up 18% to $2.9M curbing payouts—Q4 distribution hit just $0.085/unit. Lease operating expenses dipped 3% via well shut-ins, but taxes ticked up. Reserves deplete at 8.7% annually; $36.9M capex through 2032 planned. Cash reserves sit at $2M. Oil prices fluctuate wildly.
8-K
VOC declares $0.09/unit distribution
VOC Energy Trust announced a $1,530,000 quarterly distribution, or $0.09 per unit, for the period ended December 31, 2025, payable February 13 to holders of record January 30. Driven by 118,009 BOE sold at $58.49/Bbl oil and $2.95/Mcf gas, net proceeds hit $1,982,655 after $4,513,417 costs. Distributions hinge on actual cash receipts.
10-Q
Q3 FY2025 results
VOC Energy Trust's income from net profits interest dropped 36.5% y/y to $2.2M in Q3 ended September 30, 2025 (derived), reflecting lower oil prices at $61.11/Bbl versus $78.36/Bbl despite reduced development costs. Distributable income fell to $1.87M or $0.11 per unit from $3.06M or $0.18, while YTD income slid 37.0% y/y to $6.5M. Volumes held steady at 115k oil Bbl but gas fell 20.2%. Cash sits at $2.0M including $1.175M reserve, backed by $1.7M VOC Brazos letter of credit. No borrowings needed. Distributions flow steadily. Oil price swings loom large.
8-K
VOC Trust quarterly distribution announced
VOC Energy Trust announced a quarterly distribution of $0.11 per unit, totaling $1,870,000, payable November 14, 2025, to unitholders of record on October 30, based on net profits from the period ended September 30, 2025. The trust's 80% net profits interest yielded $2,078,655 from $6.96 million in gross proceeds, driven by 106,172 barrels of oil at $63.79 per barrel and 59,388 Mcf of gas at $3.14 per Mcf, offset by $4.36 million in costs. Distributions hinge on actual cash receipts. Oil prices buoyed proceeds, yet drilling risks loom.
10-Q
Q2 FY2025 results
VOC Energy Trust's distributable income fell to $2.21M for Q2 ended June 30, 2025, down 28% y/y from $3.06M, as net profits interest income dropped 26% to $2.48M amid lower oil prices ($69.32/Bbl vs $71.25) and volumes (109,667 Bbl vs 110,534), while natural gas prices rose 15% to $3.57/Mcf. YTD through June, income slid 37% to $3.66M from $6.29M, pressured by 10% cheaper oil at $68.51/Bbl and higher development costs from five workovers. Cash equivalents stood at $1.85M, backed by a $1.7M letter of credit from VOC Brazos; no debt or borrowings. The Trust's passive net profits interest in Kansas and Texas fields nears depletion at 7.5 MMBoe produced. Volumes keep declining.
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