Quarterly ResultMay 13, 2026, 04:23 PM
VOC Energy Trust Announces Q1 2026 Distribution of $0.095 Per Unit
AI Summary
VOC Energy Trust announced a distribution of $0.095 per unit for the quarter ended March 31, 2026, payable on May 15, 2026. For the three months ended March 31, 2026 (reflecting September-November 2025 production), distributable income increased to $1,530,000 from $1,445,000 year-over-year. However, income from net profits interest decreased to $1,586,124, driven by a 14.1% decline in gross proceeds due to lower oil prices and sales volumes, despite a decrease in total production and development costs.
Key Highlights
- Announced Q1 2026 distribution of $0.095 per unit, totaling $1,615,000, payable May 15, 2026.
- Distributable income for the three months ended March 31, 2026, increased to $1,530,000 from $1,445,000 YoY.
- Income from net profits interest decreased to $1,586,124 from $1,898,820 YoY.
- Gross proceeds from oil and natural gas sales declined 14.1% to $6,496,072.
- Average oil price decreased 13.6% to $58.49 per Bbl, while natural gas price increased 14.8% to $2.95 per Mcf.
- Total production and development costs decreased 13.0% to $4,513,417.
- Oil sales volumes decreased 1.0% to 108,032 Bbls; natural gas volumes decreased 10.1% to 59,866 Mcf.
- Trust corpus at March 31, 2026, was $9,719,075, down from $10,399,993 at December 31, 2025.