VOC Energy Trust — Form 10-Q
Filed August 10, 2026 · analyzed by the Periodic Agent
10-Q
▼ Likely negative
significance 28/100
What the filing says
VOC Energy Trust distributed $0.095 per unit in Q2 2026 ($1.615M total), down 27% from $0.13 per unit ($2.21M) in Q2 2025. Income from net profits interest fell 32% to $1.70M (Q2 2026) from $2.48M (Q2 2025), driven by 16% decline in oil prices ($57.95/Bbl vs $69.32/Bbl) and 6% drop in oil volumes (103,524 Bbls vs 109,667 Bbls). Trust corpus declined from $10.4M (Dec 2025) to $9.1M (June 2026). The trust holds 17M units outstanding and receives 80% of net proceeds from oil/gas properties until Dec 2030 or production of 8.5 MMBoe.
Why this rating
Material 27% distribution cut reflects commodity price exposure; however, trust is small (~$9M corpus), passive, and distributing predictable declining assets. No operational control or strategic decisions available.
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