{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-040572","form_type":"8-K","ticker":null,"cik":"0001538822","company_name":"Pacific Coast Oil Trust","filed_at":"2024-03-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.551648+00:00","generated_at":"2026-06-04T06:07:47.847983+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Pacific Coast Oil Trust announces no March 2024 distribution; future distributions extremely remote","bullets":["No cash distribution for March 2024; operating income $1.3M, revenue $3.2M, avg realized price $71.85/Boe.","Cumulative net profits deficit: $18.1M for Developed Properties, $0.8M for Remaining Properties.","Trust owes PCEC approximately $5.8M (letter of credit plus promissory note and interest).","Trust expects to borrow funds to cover administrative expenses; dissolution process ongoing with no successor trustee appointed.","Orcutt production down 15% YoY due to Phillips 66 pipeline termination; short-term transport contract extended to April 30, 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-040572","json":"https://secwatch.observer/filing/0001104659-24-040572.json","markdown":"https://secwatch.observer/filing/0001104659-24-040572.md","text":"https://secwatch.observer/filing/0001104659-24-040572.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1538822/000110465924040572/0001104659-24-040572-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1538822/000110465924040572/tm249969d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T06:07:47.847983+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0c6064a7b0dced0a4fec626e9f10d7ab7a4ebdf9","claim":"Pacific Coast Oil Trust reported January 2024 results: revenue approximately $3.2 million, net income net profits were approximately $1.1 million.","evidence_excerpt":"calculation for the Developed Properties reflected operating income of approximately $1.3 million, as revenues from the Developed Properties were approximately $3.2 million, lease operating expenses including property taxes were approximately $1.9 million, and development costs (including adjustments from prior periods) were approximately $30,000.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1538822/000110465924040572/0001104659-24-040572-index.htm","confidence":0.85,"family_label":"Earnings Releases","details":[{"label":"Period","value":"January 2024"},{"label":"Revenue","value":"approximately $3.2 million"},{"label":"Net income","value":"net profits were approximately $1.1 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}