VOC Engery Trust | 10-Q: FY2025 Q3 Revenue: USD 7.225 M

Revenue: As of FY2025 Q3, the actual value is USD 7.225 M.

EBIT: As of FY2025 Q3, the actual value is USD 2.001 M.

Income from Net Profits Interest

• For the three months ended September 30, 2025, income from net profits interest was $2,157,519, a decrease from $3,398,618 in the same period in 2024.
• For the nine months ended September 30, 2025, income from net profits interest was $6,541,289, down from $10,380,195 in the same period in 2024.

Gross Proceeds

• Oil and natural gas sales for the three months ended September 30, 2025, were $7,225,060, a decrease of 22.1% from $9,270,907 in the same period in 2024.
• For the nine months ended September 30, 2025, sales were $22,599,186, a decrease of 16.4% from $27,041,669 in the same period in 2024.

Costs

• Lease operating expenses for the three months ended September 30, 2025, were $3,510,384, a decrease of 7.2% from $3,784,091 in the same period in 2024.
• For the nine months ended September 30, 2025, lease operating expenses were $10,628,735, a decrease of 3.4% from $11,004,093 in the same period in 2024.

Distributable Income

• Distributable income for the three months ended September 30, 2025, was $1,870,000, a decrease from $3,060,000 in the same period in 2024.
• For the nine months ended September 30, 2025, distributable income was $5,525,000, down from $9,350,000 in the same period in 2024.

Future Outlook and Strategy

• The Trust does not expect significant changes in future costs for the underlying properties, other than fluctuations in the general cost of oilfield services. VOC Brazos may establish a cash reserve of up to $1,000,000 to manage uneven capital expenditure timing.