x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the quarterly period ended September 30, 2025 or UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the transition period from to Commission File Number: 001-33219 MV OIL TRUST (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organizatio ...

[Filing Information](index=1&type=section&id=Filing%20Information) This section provides core identification details of the registrant, filing type, and trustee information [Registrant and Filing Details](index=1&type=section&id=Registrant%20and%20Filing%20Details) This section provides the core identification details of the registrant, the type of SEC filing, the reporting date, and the contact information for the trustee - The registrant is **MV Oil Trust**, filing a **Form 8-K**[1](index=1&type=chunk)[2](index=2&type=chunk) - The report date is **October 3, 2025**[2](index=2&type=chunk) - The trustee is **The Bank of New York Mellon Trust Company, N.A.**, located in Houston, Texas[2](index=2&type=chunk) [Securities and Company Status](index=1&type=section&id=Securities%20and%20Company%20Status) This part outlines the securities registered by the registrant and confirms its status regarding emerging growth company definitions Registered Securities | Title of each class | Trading Symbol(s) | Name of each exchange on which registered | | :--------------------- | :---------------- | :---------------------------------------- | | Units of Beneficial Interest | MVO | The New York Stock Exchange | - The registrant is **not an emerging growth company**[4](index=4&type=chunk) [Item 2.02 Results of Operations and Financial Condition](index=2&type=section&id=Item%202.02%20Results%20of%20Operations%20and%20Financial%20Condition) This section details the announcement of the quarterly distribution and the filing status of the related press release [Quarterly Distribution Announcement](index=2&type=section&id=Quarterly%20Distribution%20Announcement) MV Oil Trust issued a press release announcing its quarterly distribution for the period ending September 30, 2025 - **MV Oil Trust** issued a press release on **October 3, 2025**[5](index=5&type=chunk) - The press release announced the Trust's **quarterly distribution** for the payment period ended **September 30, 2025**[5](index=5&type=chunk) [Filing Status of Press Release](index=2&type=section&id=Filing%20Status%20of%20Press%20Release) The press release, furnished as Exhibit 99.1, is explicitly stated not to be 'filed' for Section 18 liabilities and is not incorporated by reference in other filings, as per General Instruction B.2 of Form 8-K - The press release (**Exhibit 99.1**) is 'furnished' per **General Instruction B.2 of Form 8-K**[6](index=6&type=chunk) - It is **not 'filed'** for Section 18 of the Securities Exchange Act of 1934 and is **not subject to its liabilities**[6](index=6&type=chunk) - The press release is **not incorporated by reference** in any other MV Oil Trust filing[6](index=6&type=chunk) [Item 9.01 Financial Statements and Exhibits](index=2&type=section&id=Item%209.01%20Financial%20Statements%20and%20Exhibits) This section provides a comprehensive list of all exhibits included in the Form 8-K filing [List of Exhibits](index=2&type=section&id=List%20of%20Exhibits) This section lists the exhibits included with the Form 8-K filing Exhibits Included | Exhibit No. | Description | | :---------- | :------------------------------------ | | 99.1 | MV Oil Trust Press Release issued October 3, 2025 | [Signatures](index=3&type=section&id=SIGNATURES) This section confirms the official signing of the report by the authorized representative of the Trustee [Authorization and Signatory Details](index=3&type=section&id=Authorization%20and%20Signatory%20Details) This section confirms the official signing of the report by the authorized representative of the Trustee on behalf of MV Oil Trust - The report was signed on behalf of **MV Oil Trust** by **The Bank of New York Mellon Trust Company, N.A.**, as Trustee[11](index=11&type=chunk) - **Elaina C. Rodgers**, Vice President, signed the report[11](index=11&type=chunk) - The report was signed on **October 3, 2025**[11](index=11&type=chunk)

Core Points - MV Oil Trust announced a distribution of net profits for the quarterly payment period ended September 30, 2025, amounting to $2,357,500 or $0.205 per unit [1] - The distribution is payable on October 24, 2025, to unitholders of record on October 15, 2025 [1] Financial Summary - Volume for the payment period was 142,501 BOE (Barrels of Oil Equivalent) [1] - The average price per BOE was $62.08 [1] - Gross proceeds for the period totaled $8,846,255 [1] - Total costs incurred were $5,628,563 [1] - Net profits for the period amounted to $3,217,692 [1]

Core Insights - The article discusses investment opportunities in hidden dividend stocks with yields ranging from 5% to 10% or more, supported by strong earnings [1][2]. Group 1 - The investment group "Hidden Dividend Stocks Plus" focuses on identifying solid income opportunities in global markets [1][2]. - The portfolio managed by the group can include up to 40 holdings at a time, providing a diverse range of investment options [1]. - The group offers additional resources such as a dividend calendar, weekly research articles, exclusive investment ideas, and trade alerts to assist investors [1]. Group 2 - Robert Hauver, the leader of the investing group, has over 30 years of investment experience and previously served as VP of Finance for an industry-leading corporation for 18 years [2]. - The focus of the group is on undercovered and undervalued income vehicles, indicating a strategy aimed at finding hidden gems in the market [2].

Financial Performance - For the three months ended June 30, 2025, income from net profits interest was $3,380,004, a decrease of 15.9% compared to $4,019,362 for the same period in 2024[7] - Distributable income for the three months ended June 30, 2025, was $3,162,500, down 16.7% from $3,795,000 in the prior year[7] - Cash distributions per Trust unit decreased to $0.275 for the three months ended June 30, 2025, from $0.330 in the same period of 2024, representing a decline of 16.7%[7] - The Trust's income from net profits interest decreased by $639,358 to $3,380,004 for the quarter ended June 30, 2025, compared to $4,019,362 for the same quarter in 2024[41] - Distributable income for the quarter ended June 30, 2025 was $3,162,500, a decrease of $632,500 from $3,795,000 for the quarter ended June 30, 2024[41] - The Trust's income from net profits interest decreased by $3,205,673 to $6,372,745 for the six months ended June 30, 2025, from $9,578,418 for the same period in 2024[44] Assets and Liabilities - Total assets as of June 30, 2025, were $2,938,534, a decrease of 23.9% from $3,865,849 as of December 31, 2024[9] - The Trust corpus at the end of the period was $2,938,534, down from $4,646,447 at the end of the previous year[11] - As of June 30, 2025, the Trust has built a cash reserve of $1.265 million for future expenses[48] - MV Partners has provided a letter of credit of $1.8 million to protect the Trust against insufficient cash for future expenses[49] Production and Sales - The average price received for crude oil sold was $68.11 per Bbl and for natural gas was $3.07 per Mcf for the period from January 1, 2025 to March 31, 2025[42] - The overall production sales volumes for the period from January 1, 2025 to March 31, 2025 were 111,619 Bbls of oil and 4,727 Mcf of natural gas, totaling 112,407 barrels of oil equivalent[43] - The average price received for crude oil sold was $67.22 per Bbl and for natural gas was $2.37 per Mcf for the period from October 1, 2024 to March 31, 2025[45] - The overall production sales volumes for the period from October 1, 2024 to March 31, 2025 were 225,948 Bbls of oil and 10,393 Mcf of natural gas, totaling 227,683 barrels of oil equivalent[46] Trust Operations - The net profits interest will terminate on June 30, 2026, as the minimum production requirement of 14.4 MMBoe has been met[16] - The Trust will terminate on June 30, 2026, as the minimum production requirement has been met[40] - MV Purchasing, LLC, a majority-owned entity, purchased a majority of the production from the underlying properties under short-term arrangements[27] - The Trust does not have any transactions or relationships with unconsolidated entities that could materially affect its liquidity or capital resources[52] Compliance and Controls - The Trust has not adopted any new accounting pronouncements that would impact its financial statements during the quarter ended June 30, 2025[24] - The Trust is not required to pay federal or state income taxes, and therefore, no provision for income taxes has been made[28] - The Trustee maintains effective disclosure controls and procedures to ensure timely reporting of required information[55][56] - There were no changes in the Trust's internal control over financial reporting during the quarter ended June 30, 2025[58] - The Trust relies on information provided by MV Partners regarding historical operating data and future plans, which may affect its financial results[57] - There have been no material changes in risk factors previously disclosed in the Trust's Form 10-K[60] - No officers or employees of the Trustee adopted or modified any trading arrangements during the three months ended June 30, 2025[61]

Distribution Announcement - MV Oil Trust announced its quarterly distribution for the payment period ended June 30, 2025[5]. - The press release regarding the quarterly distribution was issued on July 3, 2025[8]. Financial Results - The Trust's financial results and operational performance details are included in the press release[5]. - The report does not provide specific financial figures or performance metrics in the available content[5]. - There are no details on future outlook or performance guidance in the provided content[5]. Regulatory Information - The document indicates that the press release is "furnished" and not "filed" under the Securities Exchange Act[6]. - The Trust is registered under the New York Stock Exchange with the trading symbol MVO[3]. - The Trust is not classified as an emerging growth company[4]. Signatory Information - The report was signed by Elaina C. Rodgers, Vice President of the Bank of New York Mellon Trust Company, N.A.[11]. Product and Market Information - The report does not include any information on new products, technologies, or market expansion strategies[5].

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]