MV Oil Trust declares Q4 2023 distribution of $0.465 per unit

MV Oil Trust

Total distribution of $5,347,500 or $0.465 per unit payable Jan 25, 2024.
Record date Jan 16, 2024; distribution covers quarter ended Dec 31, 2023.
Quarterly volumes 154,435 BOE; avg realized price $79.53/BOE.
Gross proceeds $12.28M, costs $5.33M, net profits $6.95M.
Trust's 80% net profits interest: $5.56M; no capital expenditure reserve.

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, 2023 results: revenue $ 12,282,669, net income $ 5,347,500, EPS $0.465 per unit.

Period: the quarterly payment period ended December 31, 2023
Revenue: $ 12,282,669
Net income: $ 5,347,500
EPS: $0.465 per unit
Result: reported results

Exact text from the filing

per unit payable January 25, 2024. Volumes, average price and net profits for the payment period were: Volume (BOE) 154,435 Average price (per BOE) $ 79.53 Gross proceeds $ 12,282,669 Costs $ 5,333,850 Net profits $ 6,948,819 Percentage applicable to Trust’s 80% Net profits interest $ 5,559,056 MV Partners reserve for capital expenditures $ -- Total cash

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Source: SEC EDGAR

accession 0001104659-24-001798

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