Financial Performance - Distributable income for the three months ended September 30, 2025, was $1,870,000, a decrease of 38.9% compared to $3,060,000 for the same period in 2024[8] - Cash distributions per Trust unit decreased to $0.11 for the three months ended September 30, 2025, down from $0.18 in 2024, reflecting a 38.9% decline[8] - Income from net profits interest for the three months ended September 30, 2025, was $2,157,519, down 36.5% from $3,398,618 in 2024[27] - The excess of revenues over direct operating expenses for the three months ended September 30, 2025 was $2,696,899, a decrease of 36.5% from $4,248,273 in 2024[44] - Distributable income for the nine months ended September 30, 2025, was $5,525,000, down from $9,350,000 for the same period in 2024[49] Asset and Cash Management - Total assets as of September 30, 2025, were $10,770,116, a decrease of 9.3% from $11,871,877 as of December 31, 2024[10] - The Trust corpus at the end of the period was $10,770,116, unchanged from the previous period's ending balance[12] - Cash on hand withheld for Trust expenses was $131,327 for the three months ended September 30, 2025, compared to $136,130 in 2024[8] - As of September 30, 2025, the Trustee held $1,978,362 in cash and cash equivalents, including a cash reserve of $1.175 million[50] - The cash reserve balance was $1,000,000 at September 30, 2025, and 2024, to mitigate the impact of uneven capital expenditure timing[54] Revenue and Sales - Gross proceeds from 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 of 2024[42] - Oil sales volumes for the three months ended September 30, 2025 were 115,025 Bbls, a decrease of 0.8% from 116,006 Bbls in 2024[42] - Average oil price decreased by 22.0% to $61.11 per Bbl for the three months ended September 30, 2025[42] - Oil and natural gas sales for the nine months ended September 30, 2025, were $22,599,186, a decrease of $4,442,483 or 16.4% from $27,041,669 for the same period in 2024[47] - Oil sales volumes were 333,850 Bbls, a decrease of 2.7% from 342,945 Bbls for the same period in 2024, and natural gas sales volumes were 178,083 Mcf, a decrease of 10.3% from 198,544 Mcf[47] Expenses - General and administrative expenses for the three months ended September 30, 2025, were $156,192, a decrease from $202,488 in 2024[8] - Total costs for the three months ended September 30, 2025 were $4,528,161, a decrease of 9.8% from $5,022,634 in 2024[43] - Lease operating expenses were $10,628,735, a decrease of $375,358 or 3.4% from $11,004,093 for the nine months ended September 30, 2024[48] - Development expenses increased by 45.0% to $2,181,181 for the nine months ended September 30, 2025, compared to $1,504,651 for the same period in 2024[48] Distributions - The first quarterly distribution in 2025 was $1,445,000, or $0.085 per Trust Unit, made on February 13, 2025[32] - The second quarterly distribution in 2025 was $2,210,000, or $0.13 per Trust Unit, made on May 15, 2025[33] - The third quarterly distribution in 2025 was $1,870,000, or $0.11 per Trust Unit, made on August 14, 2025[34] Investment and Impairment - The Trust has cumulatively received payments for 80% of the net proceeds from the sale of 9.5 million barrels of oil equivalent (MMBoe) since inception[17] - The Trust's investment in net profits interest remained stable at $140,591,606 as of September 30, 2025, consistent with the previous year[10] - No impairment of the investment in net profits interest was recorded during the quarters ended September 30, 2025, or 2024[23] - The Trust has not borrowed funds during the three and nine months ended September 30, 2025, and 2024[51]

Financial Distribution - VOC Energy Trust announced a quarterly distribution of net profits amounting to $1,870,000 or $0.11 per unit, payable on November 14, 2025[1]. - After accounting for estimated Trust expenses, the net cash proceeds available for distribution were $1,870,000[2]. - The Trust's distribution is based on cash received or expected to be received by the Trustee from underlying properties prior to the record date[2]. Sales Performance - Total sales volumes for the period included 106,172 barrels of oil and 59,388 Mcf of natural gas, totaling 116,070 BOE[2]. - Average sales prices were $63.79 per barrel for oil and $3.14 per Mcf for natural gas[2]. - Total gross proceeds from oil sales were $6,772,788 and from natural gas sales were $186,521, leading to total gross proceeds of $6,959,309[2]. Costs and Expenses - Total costs incurred were $4,360,990, which included lease operating expenses of $3,480,844 and development expenses of $711,466[2]. - Net proceeds available for the Trust were $2,598,319, with 80% applicable to the Trust's Net Profits Interest, resulting in a net profits interest of $2,078,655[2]. Risk Factors - The Trust cautions that actual cash receipts may differ from expectations due to various risk factors, including drilling operations and commodity purchaser payments[2]. - VOC Energy Trust does not intend to update any statements included in the press release[2].

[PART I—FINANCIAL INFORMATION](index=3&type=section&id=PART%20I%E2%80%94FINANCIAL%20INFORMATION) [Item 1. Financial Statements.](index=3&type=section&id=Item%201.%20Financial%20Statements.) This section presents the Trust's unaudited interim financial statements, covering distributable income, assets, trust corpus, and key notes [STATEMENTS OF DISTRIBUTABLE INCOME](index=3&type=section&id=STATEMENTS%20OF%20DISTRIBUTABLE%20INCOME) Distributable Income Summary | Item | Three months ended June 30, 2025 | Three months ended June 30, 2024 | Six months ended June 30, 2025 | Six months ended June 30, 2024 | | :-------------------------------- | :------------------------------- | :------------------------------- | :------------------------------- | :------------------------------- | | Income from net profits interest | $2,484,950 | $3,377,463 | $4,383,770 | $6,981,577 | | Cash on hand withheld for Trust expenses | (61,059) | (196,626) | (102,358) | (214,281) | | General and administrative expenses | (213,891) | (120,837) | (626,412) | (477,296) | | **Distributable income** | **$2,210,000** | **$3,060,000** | **$3,655,000** | **$6,290,000** | | Distributions per Trust unit | $0.13 | $0.18 | $0.215 | $0.37 | [STATEMENTS OF ASSETS AND TRUST CORPUS](index=3&type=section&id=STATEMENTS%20OF%20ASSETS%20AND%20TRUST%20CORPUS) Assets and Trust Corpus | Item | June 30, 2025 (Unaudited) | December 31, 2024 | | :-------------------------------- | :------------------------ | :---------------- | | **ASSETS** | | | | Cash and cash equivalents | $1,847,035 | $1,744,677 | | Investment in net profits interest | 140,591,606 | 140,591,606 | | Accumulated amortization and impairment | (131,345,148) | (130,464,406) | | **Total assets** | **$11,093,493** | **$11,871,877** | | **TRUST CORPUS** | | | | Trust corpus | **$11,093,493** | **$11,871,877** | [STATEMENTS OF CHANGES IN TRUST CORPUS](index=3&type=section&id=STATEMENTS%20OF%20CHANGES%20IN%20TRUST%20CORPUS) Changes in Trust Corpus Summary | Item | Three months ended June 30, 2025 | Three months ended June 30, 2024 | Six months ended June 30, 2025 | Six months ended June 30, 2024 | | :-------------------------------- | :------------------------------- | :------------------------------- | :------------------------------- | :------------------------------- | | Trust corpus, beginning of period | $11,471,407 | $12,928,840 | $11,871,877 | $13,372,565 | | Income from net profits interest | 2,484,950 | 3,377,463 | 4,383,770 | 6,981,577 | | Cash distributions | (2,210,000) | (3,060,000) | (3,655,000) | (6,290,000) | | Trust expenses | (213,891) | (120,837) | (626,412) | (477,296) | | Amortization of net profits interest | (438,973) | (438,298) | (880,742) | (899,678) | | **Trust corpus, end of period** | **$11,093,493** | **$12,687,168** | **$11,093,493** | **$12,687,168** | [NOTES TO FINANCIAL STATEMENTS](index=4&type=section&id=NOTES%20TO%20FINANCIAL%20STATEMENTS) These notes explain the Trust's financial statements, covering organization, accounting policies, investment, and distributions - The Trust was formed on November 3, 2010, to acquire and hold a term net profits interest representing the right to receive **80% of the net proceeds** from production from oil and natural gas properties held by VOC Brazos and VOC Kansas[14](index=14&type=chunk)[16](index=16&type=chunk) - The net profits interest is passive and terminates on the later of December 31, 2030, or when **8.5 MMBoe** (net profits interest equivalent) have been produced from the underlying properties[16](index=16&type=chunk) - As of June 30, 2025, **7.5 MMBoe** (unaudited) in respect of the net profits interest have been cumulatively produced since inception[17](index=17&type=chunk) - The Trust uses a modified cash basis of accounting, permitted for royalty trusts by SEC Staff Accounting Bulletin Topic 12:E, where revenues and expenses are recognized when cash is received or paid[21](index=21&type=chunk)[22](index=22&type=chunk) - No impairment of the investment in net profits interest was recorded during the quarters ended June 30, 2025, or 2024[23](index=23&type=chunk) - The Trust is a Delaware statutory trust and is not required to pay federal or state income taxes[29](index=29&type=chunk) [Note 1. Organization of the Trust](index=4&type=section&id=Note%201.%20Organization%20of%20the%20Trust) - The Trust was formed on November 3, 2010, to acquire and hold a term net profits interest representing the right to receive **80% of the net proceeds** from production from oil and natural gas properties held by VOC Brazos and VOC Kansas[14](index=14&type=chunk)[16](index=16&type=chunk) - The net profits interest is passive and terminates on the later of December 31, 2030, or when **8.5 MMBoe** (net profits interest equivalent) have been produced from the underlying properties[16](index=16&type=chunk) - As of June 30, 2025, **7.5 MMBoe** (unaudited) in respect of the net profits interest have been cumulatively produced since inception[17](index=17&type=chunk) [Note 2. Basis of Presentation](index=4&type=section&id=Note%202.%20Basis%20of%20Presentation) - The unaudited interim financial statements are prepared pursuant to SEC rules, omitting certain annual disclosures[19](index=19&type=chunk) - Financial statements require estimates and assumptions, and actual results may differ from these estimates[20](index=20&type=chunk) [Note 3. Trust Accounting Policies](index=5&type=section&id=Note%203.%20Trust%20Accounting%20Policies) - The Trust uses the modified cash basis of accounting, recognizing receipts and expenses when paid, which aligns with SEC guidance for royalty trusts[21](index=21&type=chunk)[22](index=22&type=chunk) - Amortization of the investment in net profits interest is recorded on a unit-of-production method and charged directly to Trust corpus, not reducing distributable income[21](index=21&type=chunk) - No impairment of the investment in net profits interest was identified during the quarters ended June 30, 2025, or 2024[23](index=23&type=chunk) [Note 4. Investment in Net Profits Interest](index=5&type=section&id=Note%204.%20Investment%20in%20Net%20Profits%20Interest) - The net profits interest was recorded at VOC Brazos' historical cost of **$140,591,606** on May 10, 2011[26](index=26&type=chunk) Initial Investment in Net Profits Interest Calculation | Item | Amount | | :-------------------------------- | :------------- | | Oil and gas properties | $197,270,173 | | Accumulated depreciation and depletion | (17,681,155) | | Hedge liability | (1,717,713) | | 20-year asset retirement liability | (2,131,797) | | Net property to be conveyed | 175,739,508 | | Times 80% net profits interest to Trust | $140,591,606 | [Note 5. Income from Net Profits Interest](index=6&type=section&id=Note%205.%20Income%20from%20Net%20Profits%20Interest) Income from Net Profits Interest | Item | Three months ended June 30, 2025 | Three months ended June 30, 2024 | Six months ended June 30, 2025 | Six months ended June 30, 2024 | | :-------------------------------- | :------------------------------- | :------------------------------- | :------------------------------- | :------------------------------- | | Excess of revenues over direct operating expenses

[Trust Distribution Announcement](index=1&type=section&id=Trust%20Distribution%20Announcement) VOC Energy Trust announces quarterly distribution, financial performance, risk factors, and contact information [Quarterly Distribution Details](index=1&type=section&id=Quarterly%20Distribution%20Details) VOC Energy Trust announced a **$0.11 per unit** quarterly distribution, totaling **$1,870,000**, for the quarter ended June 30, 2025 Quarterly Distribution Summary | Metric | Value | | :--- | :--- | | **Distribution Amount:** | | | Per unit | $0.11 | | Total | $1,870,000 | | **Key Dates:** | | | Payment Period Ended | June 30, 2025 | | Record Date | July 30, 2025 | | Payable Date | August 14, 2025 | [Financial Performance for the Quarter Ended June 30, 2025](index=1&type=section&id=Financial%20Performance%20for%20the%20Quarter%20Ended%20June%2030%2C%202025) VOC Energy Trust generated **$7,225,060** gross proceeds from oil and gas sales, resulting in **$1,870,000** net cash available for distribution Financial Performance Metrics | Metric | Value | | :--- | :--- | | **Sales Volumes:** | | | Oil (Bbl) | 115,025 | | Natural gas (Mcf) | 52,514 | | Total (BOE) | 123,777 | | **Average Sales Prices:** | | | Oil (per Bbl) | $61.11 | | Natural gas (per Mcf) | $3.72 | | **Gross Proceeds:** | | | Oil sales | $7,029,457 | | Natural gas sales | $195,603 | | Total gross proceeds | $7,225,060 | | **Costs:** | | | Lease operating expenses | $3,510,384 | | Production and property taxes | $564,734 | | Development expenses | $453,043 | | Total costs | $4,528,161 | | **Net Proceeds & Distribution:** | | | Net proceeds | $2,696,899 | | Percentage applicable to Trust's Net Profits Interest | 80% | | Net profits interest | $2,157,519 | | Increase in cash reserve | $0 | | Total cash proceeds available for the Trust | $2,157,519 | | Provision for current estimated Trust expenses | ($287,519) | | Net cash proceeds available for distribution | $1,870,000 | [Forward-Looking Statements and Risk Factors](index=2&type=section&id=Forward-Looking%20Statements%20and%20Risk%20Factors) Forward-looking statements are subject to inherent uncertainties, with actual distributions potentially differing due to operational, market, and regulatory risks - The press release includes forward-looking statements, and while expectations are believed to be reasonable, no assurances are provided that they will materialize as predicted[4](index=4&type=chunk) - Actual distributable amounts may vary from the announced figures due to differences in cash receipts and other significant risk factors[4](index=4&type=chunk) - Key risk factors influencing actual results include drilling operations, inherent risks in oil and gas production, commodity purchaser payment ability, actions by OPEC members, and other factors outlined in the Trust's Annual Report on Form 10-K[4](index=4&type=chunk) [Contact Information](index=2&type=section&id=Contact%20Information) For VOC Energy Trust inquiries, contact Elaina Rodgers at The Bank of New York Mellon Trust Company, N.A., via phone or their Houston office - Contact Person: Elaina Rodgers, The Bank of New York Mellon Trust Company, N.A., as Trustee[5](index=5&type=chunk) - Phone: (713) 483-6020[5](index=5&type=chunk) - Address: 601 Travis Street, Floor 16, Houston, TX 77002[5](index=5&type=chunk)

Financial Performance - Distributable income for Q1 2025 was $1,445,000, a decrease of 55.3% from $3,230,000 in Q1 2024[7] - Income from net profits interest for Q1 2025 was $1,898,820, down 47.3% from $3,604,114 in Q1 2024[26] - Cash distributions per Trust unit decreased to $0.085 in Q1 2025 from $0.190 in Q1 2024, representing a decline of 55.3%[7] - The Trust's gross proceeds from oil and natural gas sales for the three months ended March 31, 2025, were $7,561,618, a decrease of $2,132,917 or 22.0% from $9,694,535 for the same period in 2024[38] - Oil sales volumes decreased by 7,247 Bbls or 6.2% to 109,158 Bbls in Q1 2025 from 116,405 Bbls in Q1 2024, while natural gas sales volumes decreased by 1,323 Mcf or 1.9% to 66,598 Mcf[38] - The average price for oil decreased by 16.8% to $67.71 per Bbl, and the average price for natural gas decreased by 20.7% to $2.57 per Mcf in Q1 2025 compared to Q1 2024[38] - Total costs for the three months ended March 31, 2025, were $5,188,093, slightly decreased from $5,189,393 in Q1 2024[39] - The excess of revenues over direct operating expenses decreased by $2,131,617 or 47.3% to $2,373,525 in Q1 2025 from $4,505,142 in Q1 2024[40] - Distributable income for the three months ended March 31, 2025, was $1,445,000, a decrease of $1,785,000 from $3,230,000 in Q1 2024[40] Asset and Cash Management - Total assets as of March 31, 2025, were $11,471,407, down from $11,871,877 as of December 31, 2024, a decrease of 3.4%[9] - Trust corpus at the end of Q1 2025 was $11,471,407, down from $12,928,840 at the end of Q1 2024, a decline of 11.3%[11] - Cash and cash equivalents increased to $1,785,976 as of March 31, 2025, compared to $1,744,677 as of December 31, 2024, an increase of 2.4%[9] - As of March 31, 2025, the Trustee held $1,785,976 in cash and cash equivalents, including a cash reserve of $1.175 million[41] - VOC Brazos provided a letter of credit amounting to $1,700,000 to protect the Trust against insufficient cash for future expenses[33] Governance and Structure - VOC Energy Trust has no principal executive officer or board of directors, indicating a unique governance structure[61] - The Trustee, The Bank of New York Mellon Trust Company, N.A., does not imply any executive functions are performed[61] - No additional signatures are available for the financial report, reflecting the trust's operational framework[61] - The Trust Agreement under which the Trustee serves does not establish traditional corporate governance roles[61] - The absence of a principal financial officer may impact financial reporting and oversight[61] - The structure may limit investor insights into operational performance and strategic direction[61] Operational Insights - Cumulatively, the Trust has received payments for 80% of the net proceeds from the sale of 9.3 million barrels of oil equivalent (MMBoe) since inception[16] - The first quarterly distribution in 2025 was made on February 13, 2025, totaling $1,445,000, which included net proceeds from production collected from October 1, 2024, to December 31, 2024[30] - No impairment of the investment in net profits interest was recorded during the quarters ended March 31, 2025, or 2024[22] - The Trust is not required to pay federal or state income taxes, thus no provision for income taxes has been made[28] - The Trust's net profits interest remains at 80% over the term of the Trust[37] Reporting and Future Outlook - The report is dated May 8, 2025, suggesting the timing of financial disclosures[61] - There are no performance metrics or financial data provided in the document[61] - The document does not provide any user data or market expansion strategies[61] - Future outlook and performance guidance are not addressed in the report[61]

Financial Distribution - VOC Energy Trust announced a quarterly distribution of net profits amounting to $2,210,000 or $0.13 per unit, payable on May 15, 2025[2]. - Net proceeds available for distribution to the Trust amounted to $2,210,000 after accounting for estimated Trust expenses[3]. Sales Performance - Total sales volumes for the payment period included 109,667 barrels of oil and 58,971 Mcf of natural gas, totaling 119,496 BOE[3]. - Average sales prices were $69.32 per barrel for oil and $3.57 per Mcf for natural gas[3]. - Total gross proceeds from oil and natural gas sales reached $7,812,508, with oil sales contributing $7,601,741[3]. Costs and Expenses - Total costs incurred during the period were $4,706,321, including lease operating expenses of $3,687,150[3]. Trust Operations - The percentage applicable to the Trust's Net Profits Interest was 80%, resulting in a net profits interest of $2,484,950[3]. - The Trust's distributable amount is based on cash received or expected to be received by the Trustee from underlying properties[3]. - There was no increase in cash reserves held by VOC Brazos Energy Partners, L.P.[3]. - The Trust cautions that actual results may differ due to various risk factors, including drilling operations and commodity purchaser payments[3].

Financial Performance - As of December 31, 2024, total assets decreased to $11,871,877 from $13,372,565 in 2023, reflecting a decline of approximately 11.2%[310] - Distributable income for the year ended December 31, 2024, was $12,410,000, down from $15,215,000 in 2023, representing a decrease of about 18.5%[312] - The cash distribution per Trust Unit for 2024 was $0.730, a decline of 18.5% compared to $0.895 in 2023[312] - Income from net profits interest for 2024 was $13,622,718, down from $16,459,918 in 2023, indicating a decrease of approximately 17.7%[312] - The Trust corpus at the end of 2024 was $11,871,877, down from $13,372,565 at the end of 2023, a reduction of about 11.2%[314] - General and administrative expenses for 2024 were $897,342, compared to $1,064,494 in 2023, reflecting a decrease of approximately 15.7%[312] Trust Operations - Cumulatively, since inception, the Trust has received payment for 80% of the net proceeds from the sale of 9.1 million barrels of oil equivalent (MMBoe) from the Underlying Properties[319] - The Trust's net profits interest will terminate upon the earlier of December 31, 2030, or when 10.6 MMBoe have been produced and sold[318] - The Trust has been audited by Grant Thornton LLP since 2010, with no critical audit matters identified in the current period[307] - The Trust adopted ASU 2023-07 during the year ended December 31, 2024, which requires enhanced disclosures about reportable segments[325] Revenue and Sales - The gross proceeds from oil and natural gas sales are defined as the total amount received by VOC Brazos, excluding certain costs and losses, with net proceeds calculated after deducting various expenses[331] - The Trust will receive 80% of the net proceeds attributable to oil and natural gas production, with distributions made quarterly to unitholders[330] - VOC Brazos sold 35% of the production from the Underlying Properties to MV Purchasing for the years 2022, 2023, and 2024 under short-term arrangements[339] Future Projections - The average annual capital expenditure amount will increase by 2.5% annually starting from the Capital Expenditure Limitation Date, which is set for December 31, 2027, or when 9.8 MMBoe have been produced[335] - Future cash inflows from proved reserves are estimated at $269.71 million for 2022, decreasing to $139.05 million by 2024[364] - The standardized measure of discounted future net cash flows was $98.38 million in 2022, dropping to $34.78 million by 2024[365] - The average oil price per barrel was $90.85 in 2022, decreasing to $72.58 in 2024, while gas prices fell from $5.59 per Mcf to $1.17[366] Cash Management - The cash reserve for future expenses was established at approximately $1.175 million, with the Trustee having the discretion to adjust this amount[342] - The Trust has a letter of credit of $1.7 million to cover future expenses, and a cash reserve of approximately $1.175 million has been built for anticipated liabilities[350][351] - The Trustee determines the distribution amount for unitholders based on cash received and expenses, with distributions expected to be made within 45 days after each quarter[341] Joint Ventures and Acquisitions - VOC Brazos entered a joint venture with Hawkwood Energy, granting Hawkwood a 50% working interest in four wells and up to 50% interest in VOC Brazos' acreage[347] - In 2022, Wildfire Energy acquired Hawkwood, retaining the rights under the joint venture agreement[348] - VOC Brazos is assessing economic benefits from the development of the Lower Woodbine Organic Shale, which may increase development costs and temporarily reduce cash distributions to Trust unitholders[349] Administrative Expenses - The administrative services fee paid to VOC Brazos was $18,750 per quarter, with total payments of $114,330, $118,902, and $123,659 for the years 2022, 2023, and 2024 respectively[346] Distribution Announcements - The Trust announced a distribution of $1,445,000, or $0.085 per unit, to unitholders for the period from October 1, 2024, to December 31, 2024[352] Reserves and Production - As of December 31, 2022, proved reserves were 3,155,444 Boe, down from 3,614,992 Boe in 2021, with production accounting for a decrease of 451,225 Boe[358][360]

Financial Distribution - VOC Energy Trust announced a quarterly distribution of net profits amounting to $1,445,000 or $0.085 per unit for the period ended December 31, 2024[2]. - Net proceeds available for distribution after expenses were $1,445,000[3]. - The percentage applicable to the Trust's Net Profits Interest was 80%, resulting in a net profits interest of $1,898,820[3]. Sales Performance - Total sales volumes for the period included 109,158 barrels of oil and 66,598 Mcf of natural gas, totaling 120,258 BOE[3]. - Average sales prices were $67.71 per barrel for oil and $2.57 per Mcf for natural gas[3]. - Total gross proceeds from oil and natural gas sales were $7,561,618, with oil sales contributing $7,390,709[3]. Costs and Expenses - Total costs incurred during the period were $5,188,093, including lease operating expenses of $3,431,201[3]. - There was no increase in cash reserve held by VOC Brazos Energy Partners, L.P.[3]. Trust Operations - The Trust's distribution is based on cash received or expected to be received by the Trustee prior to the record date[3]. - The Trust does not intend to update any statements included in the press release, which are subject to various risk factors[3].

Financial Performance - For the quarter ended September 30, 2024, total gross proceeds from oil and natural gas sales were $9,270,907, an increase of $30,322 or 0.3% from $9,240,585 in the same quarter of 2023[37] - The excess of revenues over direct operating expenses and lease equipment and development costs was $4,248,273 for Q3 2024, a decrease of $485,666 or 10.3% from $4,733,939 in Q3 2023[39] - For the nine months ended September 30, 2024, total gross proceeds from oil and natural gas sales were $27,041,669, a decrease of $2,751,509 or 9.2% from $29,793,178 in the same period of 2023[42] - The excess of revenues over direct operating expenses and lease equipment and development costs was $12,975,244 for the nine months ended September 30, 2024, a decrease of $2,447,187 or 15.9% from $15,422,431 in the same period of 2023[44] - Distributable income for the nine months ended September 30, 2024 was $9,350,000, a decrease from $11,390,000 in the same period of 2023[44] Sales Volumes and Prices - Oil sales volumes decreased by 10,367 Bbls or 8.2% to 116,006 Bbls in Q3 2024 compared to 126,373 Bbls in Q3 2023, while natural gas sales volumes decreased by 5,149 Mcf or 7.3% to 65,815 Mcf[37] - Oil sales volumes for the nine months ended September 30, 2024 were 342,945 Bbls, a decrease of 31,799 Bbls or 8.5% from 374,744 Bbls in the same period of 2023[42] - The average price for oil increased by 9.6% to $78.36 per Bbl in Q3 2024, while the average price for natural gas decreased by 5.8% to $2.74 per Mcf[37] - The average price for oil increased by 1.2% to $77.10 per Bbl for the nine months ended September 30, 2024, while the average price for natural gas decreased by 44.3% to $3.03 per Mcf[42] Cash and Reserves - As of September 30, 2024, the Trustee held $1,779,712 in cash and cash equivalents, which includes a cash reserve of $1.175 million[45] - The Trust has established a cash reserve of approximately $1.175 million to cover future known, anticipated, or contingent expenses, in addition to a $1.7 million letter of credit[47] - The cash reserve balance was maintained at $1,000,000 as of September 30, 2024 and 2023, to mitigate the impact of uneven capital expenditure timing[49] Borrowings and Financial Controls - There were no borrowings made by the Trust during the three and nine months ended September 30, 2024 and 2023[46] - The Trustee has not made any changes to the internal control over financial reporting that materially affect the Trust during the quarter ended September 30, 2024[55] - The Trust's disclosure controls and procedures have been evaluated and deemed effective by a Trust Officer[53] Risk Factors and Future Expectations - The Trust does not expect significant changes in future costs for underlying properties, except for fluctuations in general oilfield service costs[49] - The Trust has not experienced any material changes in risk factors as previously disclosed in the Form 10-K[58] - The Trustee may adjust the targeted cash reserve amount and the rate at which funds are withheld without prior notice to unitholders[47] Trading Arrangements - No Rule 10b5-1 trading arrangements were adopted, modified, or terminated by any officer or employee of the Trustee during the three months ended September 30, 2024[59]

Financial Performance - VOC Energy Trust announced a quarterly distribution of net profits amounting to $3,060,000 or $0.18 per unit, payable on November 14, 2024[1]. - Total gross proceeds from oil and natural gas sales were $8,746,955, with oil sales contributing $8,570,477 and natural gas sales contributing $176,478[1]. - Net proceeds available for distribution after costs were $3,060,000, following a provision for current estimated Trust expenses of $182,523[1]. - The Trust's net profits interest was calculated at $3,242,523, representing 80% of the net profits interest applicable to the Trust[1]. Sales and Production - Total sales volumes for the quarter ended September 30, 2024, included 113,737 barrels of oil and 65,152 Mcf of natural gas, totaling 124,596 BOE[1]. - Average sales prices were $75.35 per barrel for oil and $2.71 per Mcf for natural gas[1]. Costs and Expenses - Total costs incurred during the quarter were $4,693,801, which included lease operating expenses of $3,548,505 and development expenses of $947,562[1]. Distribution and Cash Flow - The Trust's distribution is based on cash received or expected to be received from underlying properties prior to the record date[2]. - The Trust cautions that actual cash receipts may differ from expectations, which could affect the distributable amount[2]. - VOC Energy Trust does not intend to update any statements included in the press release[2].