Core Insights - The article does not provide specific insights or analysis regarding any companies or industries, focusing instead on disclaimers and disclosures related to the author's position and affiliations [1][2]. Group 1 - There is no stock, option, or similar derivative position held by the author in any mentioned companies, nor are there plans to initiate such positions in the next 72 hours [1]. - The article expresses the author's personal opinions and does not involve compensation beyond that from Seeking Alpha [1]. - Seeking Alpha clarifies that past performance does not guarantee future results and that no investment recommendations are provided [2].

Financial Performance - Distributable income for Q1 2025 was $2,760,000, a decrease of 48.7% compared to $5,347,500 in Q1 2024[8] - Cash distributions per Trust unit decreased to $0.240 in Q1 2025 from $0.465 in Q1 2024, representing a decline of 48.4%[8] - Income from net profits interest for Q1 2025 was $2,992,742, a decrease of 46.1% from $5,559,056 in Q1 2024[27] - The Trust's income from net profits interest decreased by $2,566,314 to $2,992,742 for the quarter ended March 31, 2025, compared to $5,559,056 for the same quarter in 2024[39] - Distributable income for the quarter ended March 31, 2025, was $2,760,000, a decrease of $2,587,500 from $5,347,500 for the quarter ended March 31, 2024[39] Assets and Cash Position - Total assets as of March 31, 2025, were $3,322,228, down 13.9% from $3,865,849 as of December 31, 2024[10] - The Trust's cash and cash equivalents decreased to $1,123,510 as of March 31, 2025, from $1,281,396 as of December 31, 2024, a decline of 12.3%[10] - As of March 31, 2025, the Trust held $1,123,510 in cash and cash equivalents[44] Production and Sales - The average price received for crude oil sold was $66.34 per barrel and for natural gas was $1.78 per Mcf for the period from October 1, 2024, to December 31, 2024[41] - The overall production sales volumes attributable to the net profits interest for the period from October 1, 2024, to December 31, 2024, were 115,276 barrels of oil equivalent[42] - Cumulatively, the Trust has received payment for 80% of the net proceeds from the sale of 14.8 million barrels of oil equivalent since inception[17] - The Trust received payment for 80% of the net proceeds from the sale of 14.8 million barrels of oil equivalent (MMBoe) since inception, with 11.9 MMBoe attributable to the Trust's net profits interest[38] Trust Operations and Future Outlook - The Trust's net profits interest is expected to terminate on June 30, 2026, as the minimum production requirement has been met[17] - The Trust's net profits interest will terminate on June 30, 2026, as the minimum production amount of 14.4 MMBoe has been produced and sold[38] - The Trust does not expect future costs for the underlying properties to change significantly, other than fluctuations in the general cost of oilfield services[47] Expenses - The Trustee paid general and administrative expenses of $390,628 for the quarter ended March 31, 2025, compared to $314,712 for the same quarter in 2024[39] - MV Partners has provided a letter of credit in the amount of $1.8 million to protect the Trust against insufficient cash to pay future expenses[45] Taxation - The Trust has not made any provisions for federal or state income taxes as it is a Delaware statutory trust[29] Distribution - The first quarterly distribution in 2025 was made on January 24, totaling $2,760,000, which included proceeds from production from October 1, 2024, to December 31, 2024[31]

Distribution Announcement - MV Oil Trust announced its quarterly distribution for the payment period ended March 31, 2025[5] - The press release regarding the quarterly distribution was issued on April 4, 2025[5] - The financial statements and exhibits related to the quarterly distribution are included in the filing[7] Company Classification - MV Oil Trust is classified as an emerging growth company[4] Trading Information - The Trust's units of beneficial interest are traded under the symbol MVO on The New York Stock Exchange[3]

Financial Performance - Distributable income for 2024 was reported at $17,652,500, a decrease of 5.8% compared to $18,068,559 in 2023[320] - General and administrative expenses for 2024 were reported at $905,445, a decrease from $1,050,841 in 2023[320] - The Trust's quarterly distribution per unit for the period ending July 1, 2023, was $0.380, reflecting a decrease from $0.700 for the previous year[348] - The first quarterly distribution for 2025 was $2,760,000, or $0.240 per Trust Unit, reflecting production collected from October 1, 2024, through December 31, 2024[355] Asset and Reserve Changes - Total assets decreased from $5,456,085 in 2023 to $3,865,849 in 2024, representing a decline of approximately 29%[318] - The Trust's corpus decreased from $5,456,085 in 2023 to $3,865,849 in 2024, a decline of approximately 29%[318] - Proved reserves as of December 31, 2023, are 1,089,430 Boe, a decrease of 472,747 Boe from production during the year[361] - The Trust recognized net reductions to reserves of 21,859 Boe in 2023 due to changes in the development plan[365] - Positive revisions added 38,078 Boe to reserves in 2023, attributed to effective workovers and development[365] Production and Revenue - The Trust's income from net profits interest is based on cash receipts from MV Partners for oil and gas production, with revenues typically received one month after production[342] - Production for 2023 was 488,444 Boe, reflecting ongoing operational adjustments[365] - Future net cash flows for 2023 are estimated at $39,927,770 after accounting for production and development costs[368] - Future cash inflows for 2024 are projected at $43,857,466, indicating a recovery trend[368] Costs and Expenses - The Trust incurred development costs of $188,000 in 2023, down from $454,500 in 2022[369] - The annual administrative services fee paid to MV Partners increased by 4% each year, totaling $116,874 for 2023, up from $112,379 in 2022[350] Market Conditions - The average oil price for 2023 is $73.72 per Bbl, a decrease from $89.17 per Bbl in 2022[370] - The average gas price for 2023 is $2.41 per Mcf, significantly lower than $6.10 per Mcf in 2022[370] Trust Operations - The Trust's investment in net profits interest remained stable at $50,383,675 for both 2023 and 2024[318] - The Trust has a cash reserve of approximately $1.265 million built from withheld proceeds for future expenses, in addition to a $1.8 million letter of credit provided by MV Partners[354] - The Trust's administrative services agreement with MV Partners will terminate upon the termination of the net profits interest, ensuring ongoing operational support[350] - MV Purchasing, LLC purchased 73% of the production sold from the underlying properties in 2023, maintaining a similar percentage compared to 74% in 2022[344] Regulatory and Reporting Changes - The Trust adopted ASU 2023-07 during the year ended December 31, 2024, enhancing segment reporting disclosures[335] - The Trust did not borrow any money during 2022, 2023, and 2024, maintaining a stable financial position[352] - The Trust's net profits interest will terminate on June 30, 2026, after reaching the minimum production threshold of 14.4 MMBoe[327] - Cumulatively, the Trust has received payment for 80% of the net proceeds from the sale of 14.7 MMBoe of production since inception[327] - For the year ended December 31, 2023, the income from net profits interest before reserve adjustments was $18,068,559, a decrease of 33.8% from $27,204,590 in 2022[341] - The standardized measure of discounted future net cash flows for 2023 is $35,750,941, down from $69,211,827 in 2022[369]

Quarterly Distribution Announcement - MV Oil Trust announced the quarterly distribution for the payment period ended December 31, 2024[5] - The press release regarding the quarterly distribution was issued on January 6, 2025[5] Press Release Details - The press release is furnished as Exhibit 99.1 and incorporated by reference[5] - The press release is not "filed" for purposes of Section 18 of the Securities Exchange Act of 1934[6] - The press release is not subject to the liabilities of Section 18 of the Exchange Act[6] - The press release is not deemed incorporated by reference in any filing by MV Oil Trust under the Exchange Act or the Securities Act of 1933[6] - The press release is "furnished" for purposes of General Instruction B.2 of Form 8-K[6] Report Filing and Signatory - The report was signed by Elaina C. Rodgers, Vice President of The Bank of New York Mellon Trust Company, N.A., as Trustee[10] - The report was filed on January 6, 2025[10] Trading Information - MV Oil Trust's units of beneficial interest are traded on the New York Stock Exchange under the symbol MVO[3]

Financial Performance - The Trust's income from net profits interest increased by $1,009,906 to $4,949,064 for the quarter ended September 30, 2024, compared to $3,939,158 for the same quarter in 2023, primarily due to a $1,262,382 increase in excess revenues over direct operating expenses[37] - Distributable income for the quarter ended September 30, 2024, was $4,715,000, an increase of $977,500 from $3,737,500 for the same quarter in 2023[37] - For the nine months ended September 30, 2024, the Trust's income from net profits interest increased by $1,012,524 to $14,527,482 from $13,514,958 for the same period in 2023[39] - Distributable income for the nine months ended September 30, 2024, was $13,857,500, an increase of $1,437,500 from $12,420,000 for the same period in 2023[39] Production and Sales - The average price received for crude oil sold was $77.13 per Bbl and for natural gas was $2.07 per Mcf for the period from April 1, 2024, through June 30, 2024, compared to $70.33 per Bbl and $3.58 per Mcf for the same period in 2023[38] - Overall production sales volumes for the period from April 1, 2024, through June 30, 2024, were 119,962 Bbls of oil and 5,697 Mcf of natural gas, totaling 120,912 barrels of oil equivalent, compared to 123,919 barrels of oil equivalent for the same period in 2023[38] - The average price received for crude oil sold from October 1, 2023, through June 30, 2024, was $75.90 per Bbl, compared to $74.72 per Bbl for the same period in 2022[40] - Overall production sales volumes from October 1, 2023, through June 30, 2024, were 358,874 Bbls of oil and 17,212 Mcf of natural gas, totaling 361,750 barrels of oil equivalent, compared to 367,721 barrels of oil equivalent for the same period in 2022[41] Cash and Future Outlook - As of September 30, 2024, the Trustee held $1,257,594 in cash and cash equivalents, which is reported as cash held for future expenses[43] - The Trust is set to terminate on June 30, 2026, after which it is anticipated that a final quarterly cash distribution will be made to unitholders[36] - The Trust must sell the net profits interest if annual cash proceeds are less than $1.0 million for two consecutive years[59] - The Trust is expected to wind up its affairs and terminate shortly after June 30, 2026[60] - After the termination date, a final quarterly cash distribution may be made to Trust unitholders, but no further net proceeds will be available[60] - The market price of the Trust units is anticipated to approach zero after the net profits interest term ends due to cessation of cash distributions[60] Compliance and Governance - No officers or employees adopted or modified any Rule 10b5-1 trading arrangements during the three months ended September 30, 2024[61]

Distribution Announcement - MV Oil Trust announced its quarterly distribution for the payment period ended September 30, 2024[2] - The press release regarding the quarterly distribution was issued on October 4, 2024[2] Financial Results - The Trust's financial results and operational performance details are included in the press release as Exhibit 99.1[3]

Core Viewpoint - MV Oil Trust (MVO) is a royalty trust primarily focused on crude oil, with a significant portion of its income derived from oil production, and is approaching its termination date in June 2026, raising questions about future distributions and investment viability [1][3][4]. Financial Overview - MVO is a term trust with a termination date set for June 30, 2026, and earns 80% of the net proceeds from oil production during its term [2]. - As of June 30, 2024, MVO has received payments for 80% of the net proceeds from the sale of 14.4 million barrels of oil equivalent, which will lead to the termination of its net profits interest [3]. - The trust's corpus has decreased from $5.45 million at the end of 2023 to $4.646 million as of June 30, 2024 [5]. Distribution Details - Over the last eight quarters, MVO's BOE equivalent volume has fluctuated between approximately 146,000 and 155,000, indicating potential for continued distributions [5]. - Quarterly distributions have varied, with Q2 2024 payout increasing to $0.41 from $0.33 in Q1 2024 [5]. - MVO's trailing dividend yield is over 17%, based on the $1.585 per unit paid out in the last four quarters [7]. Performance Metrics - MVO's performance has lagged behind the broader energy sector and the S&P 500, with a year-to-date decline of 24.11% and a one-year total return of -13.79% [12][13]. - The trust's price-to-earnings (P/E) ratio is 5.69, significantly lower than the industry average of 14.08, indicating a higher yield relative to its peers [14][15]. Earnings Analysis - In Q1-2 2024, MVO's net profit interests remained stable at $9.58 million, while distributable income rose by 5.3% [10]. - Administrative expenses decreased by 23.5%, contributing to improved financial efficiency [10]. Valuation Insights - MVO's market capitalization is approximately $104.88 million, with a distribution yield of 17.38%, which is substantially higher than the industry average of 9.46% [15]. - The trust's price-to-sales (P/S) and price-to-book (P/B) ratios are also lower than industry averages, suggesting potential undervaluation [14][15].

Financial Performance - The Trust's income from net profits interest decreased by $370,137 to $4,019,362 for the quarter ended June 30, 2024, compared to $4,389,499 for the same quarter in 2023[27] - Distributable income for the quarter ended June 30, 2024 was $3,795,000, a decrease of $172,500 from $3,967,500 for the same quarter in 2023[27] - The Trust's income from net profits interest increased by $2,617 to $9,578,418 for the six months ended June 30, 2024, compared to $9,575,800 for the same period in 2023[30] - Distributable income for the six months ended June 30, 2024 was $9,142,500, an increase of $460,000 from $8,682,500 for the same period in 2023[30] Oil Production and Pricing - The average price received for crude oil sold was $70.25 per Bbl for the period from January 1, 2024 through March 31, 2024, compared to $73.03 per Bbl for the same period in 2023[29] - Total production sales volumes for the period from January 1, 2024 through March 31, 2024 were 117,289 barrels of oil equivalent, a slight decrease from 118,377 barrels of oil equivalent for the same period in 2023[29] - The average price received for crude oil sold was $75.29 per Bbl for the period from October 1, 2023 through March 31, 2024, compared to $76.95 per Bbl for the same period in 2023[31] - Total production sales volumes for the period from October 1, 2023 through March 31, 2024 were 240,838 barrels of oil equivalent, down from 243,801 barrels of oil equivalent for the same period in 2023[32] Trust Operations and Future Outlook - As of June 30, 2024, the Trustee held $1,258,935 in cash and cash equivalents as a reserve for future expenses[34] - The Trust is set to terminate its net profits interest on June 30, 2026, after which it is anticipated to make a final cash distribution to unitholders[43] - The Trust may sell the net profits interest if annual cash proceeds from underlying properties are less than $1.0 million for two consecutive years[45] - The Trust is expected to wind up its affairs and terminate shortly after June 30, 2026, with a final quarterly cash distribution anticipated shortly after this date[46] - Following the termination of the net profits interest, Trust unitholders will not receive any net proceeds from the sale of production from underlying properties, leading to a market price approaching zero[46] Governance and Compliance - No officers or employees of the Trustee adopted or modified any Rule 10b5-1 trading arrangements during the three months ended June 30, 2024[47] - The Trust has no principal executive officer or board of directors, and the Trustee does not imply any such functions exist under the Trust Agreement[51]

Financial Distribution - MV Oil Trust announced its quarterly distribution for the payment period ended June 30, 2024[2]. - The press release was issued on July 5, 2024, detailing the financial results[9]. Regulatory Compliance - The report is not filed under the Securities Exchange Act but is furnished for informational purposes[8]. - The financial condition and results of operations were reported in compliance with the Securities Exchange Act of 1934[11]. - The Trust is not classified as an emerging growth company[7]. Trust Information - The Trust is registered under the trading symbol MVO on the New York Stock Exchange[10]. - The Bank of New York Mellon Trust Company serves as the Trustee for MV Oil Trust[4]. - The Trust's registration includes an IRS Employer Identification Number of 06-6554331[6]. - The report was signed by Elaina C. Rodgers, Vice President of the Trust[4]. - The document includes a contact number for the registrant: 1-713-483-6020[10].