MV Oil Trust declares Q4 2022 distribution of $0.410 per unit

MV Oil Trust

Distribution of $4,715,000 ($0.410/unit) payable Jan 25, 2023 to holders of record Jan 17, 2023.
Volumes 156,781 BOE; average price $80.31/BOE; gross proceeds $12,590,781.
Net profits $6,482,877; Trust's 80% NPI share $5,186,301; no capex reserve.
Trustee withheld $263,541 for future expenses; cumulative reserve $1,001,460 toward ~$1.265M target.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MV Oil Trust reported the quarterly payment period ended December 31, 2022 results: revenue $12,590,781, net income $6,482,877, EPS $0.410 per unit.

Period: the quarterly payment period ended December 31, 2022
Revenue: $12,590,781
Net income: $6,482,877
EPS: $0.410 per unit
Result: reported results

Exact text from the filing

MV Oil Trust (NYSE: MVO) announced the Trust distribution of net profits for the quarterly payment period ended December 31, 2022. Unitholders of record on January 17, 2023 will receive a distribution amounting to $4,715,000 or $0.410 per unit payable January 25, 2023. Volumes, average price and net profits for the payment period were: Volume (BOE) 156,781 Average price (per BOE) $ 80.31 Gross proceeds $ 12,590,781 Costs $ 6,107,904 Net profits $ 6,482,877

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Source: SEC EDGAR

accession 0001104659-23-001427

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