--- title: "VOC Engery Trust | 10-Q: FY2026 Q1 Revenue: USD 1.586 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/286312760.md" datetime: "2026-05-13T20:27:39.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286312760.md) - [en](https://longbridge.com/en/news/286312760.md) - [zh-HK](https://longbridge.com/zh-HK/news/286312760.md) --- # VOC Engery Trust | 10-Q: FY2026 Q1 Revenue: USD 1.586 M Revenue: As of FY2026 Q1, the actual value is USD 1.586 M. EBIT: As of FY2026 Q1, the actual value is USD 1.274 M. #### Operational Metrics **Sales Volumes** Oil sales volumes decreased by 1,126 Bbls, or 1.0%, to 108,032 Bbls for the three months ended March 31, 2026, compared to 109,158 Bbls for the same period in 2025. Natural gas sales volumes decreased by 6,732 Mcf, or 10.1%, to 59,866 Mcf for the three months ended March 31, 2026, compared to 66,598 Mcf for the same period in 2025. Total sales volumes (BOE) were 118,009 for the three months ended March 31, 2026, down from 120,258 for the same period in 2025. **Average Sales Prices** Average oil price decreased by 13.6% to $58.49 per Bbl for the three months ended March 31, 2026, from $67.71 per Bbl for the same period in 2025. Average natural gas price increased by 14.8% to $2.95 per Mcf for the three months ended March 31, 2026, from $2.57 per Mcf for the same period in 2025. **Gross Proceeds** Total gross proceeds from oil and natural gas sales were $6,496,072 for the three months ended March 31, 2026, representing a decrease of $1,065,546 or 14.1% from $7,561,618 for the three months ended March 31, 2025. This decrease was primarily due to lower market prices for oil and reduced oil and natural gas sales volumes. **Costs** Lease operating expenses were $3,397,704 for the three months ended March 31, 2026, a decrease of $33,497 or 1.0% from $3,431,201 for the same period in 2025. Production and property taxes decreased by $414,147 or 49.2% to $428,202 for the three months ended March 31, 2026, from $842,349 for the same period in 2025, primarily due to a 59.9% decrease in property taxes and a 13.5% decrease in production taxes, driven by lower oil prices and volumes. Development expenses decreased by $227,032 or 24.8% to $687,511 for the three months ended March 31, 2026, from $914,543 for the same period in 2025. Total costs were $4,513,417 for the three months ended March 31, 2026, compared to $5,188,093 for the same period in 2025. **Excess of Revenues Over Direct Operating Expenses and Lease Equipment and Development Costs** This metric was $1,982,655 for the three months ended March 31, 2026, a decrease of $390,870 or 16.5% from $2,373,525 for the same period in 2025. The Trust’s 80% net profits interest from these totals was $1,586,124 for 2026 and $1,898,820 for 2025. **General and Administrative Expenses** General and administrative expenses paid by the Trustee were $311,650 for the three months ended March 31, 2026, a decrease of $100,871 from $412,521 for the same period in 2025. **Distributable Income** Distributable income increased by $85,000 to $1,530,000 for the three months ended March 31, 2026, from $1,445,000 for the same period in 2025. #### Cash Flow and Liquidity - Cash and cash equivalents were $1,771,113 as of March 31, 2026, which includes a $1.175 million cash reserve. - VOC Energy Trust had no borrowings during the three months ended March 31, 2026 and 2025. - VOC Brazos provided a letter of credit of $1.7 million to the Trustee to cover potential future expenses. #### Unique Metrics - Distributions per Trust unit were $0.090 for the three months ended March 31, 2026, compared to $0.085 for the same period in 2025. - The Trustee maintained a $1.175 million cash reserve, built from Q1 2022 to Q2 2023, for future known, anticipated, or contingent expenses or liabilities. - VOC Brazos maintains a separate cash reserve of $1,000,000 for future development, maintenance, or operating expenditures as of March 31, 2026 and 2025. #### Future Outlook and Strategy - VOC Energy Trust does not expect future costs for the underlying properties to change significantly compared to recent historical costs. - This expectation is contingent on fluctuations in the general cost of oilfield services. - The stability in cost expectation is primarily because substantially all properties are in mature fields. ### Related Stocks - [VOC.US](https://longbridge.com/en/quote/VOC.US.md) ## Related News & Research - [Top 3 Energy Stocks You'll Regret Missing In Q3](https://longbridge.com/en/news/294498687.md) - [VOC Energy Trust Announces Trust Quarterly Distribution | VOC Stock News](https://longbridge.com/en/news/293251650.md) - [Estrela swaps auditor to BKR Lopes Machado from Tríade starting 2026 financial year](https://longbridge.com/en/news/294557755.md) - [Inv Vk Tr Inv (NYSE:VGM) Sees Large Increase in Short Interest](https://longbridge.com/en/news/294423001.md) - [VOC Energy Trust Files 2025 Annual Report on Form 10-K | VOC Stock News](https://longbridge.com/en/news/280366881.md)